Can any one answer this?

[p_rajivadekar]

there always a tussle between technicals and fundamentals. I think if you are a investor you should follow fundamentals. and if you are a trader you should follow technicals because technicals works in patches it has many ups and downs. Fundamentals are for long term

 

[raj_hpking]

Hi All,

Actually i had same question which Shailu has.
If people can read technical chart or fundamental then they must be konwing what will heppen after few hours of tomorrow then they can get heavy profit by in reality it not happen. We saw on news or on other market related sites some adv. regarding buy this stock at this price or sell at particular price if that opinion is after reading chart or fundamental then it should be true and everyone who read same chart should follow same but it not happens in reality. Why ? I think investing in market is nothing but luck only.

 

[4xpipcounter]

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Raj, you're wrong!
In order to be profitable in the markets, take luck and throw it out the window.
The object to trading and being good at it is to know in advance where the market is headed. This is why we have charts.
Now, I don't blame you for not believing me. I just don't take people's words for things either. But, that is why I posted this chart just to prove my point.
It is the USD/CHF. Notice the strong uptrend it is in.
Over coming weeks, pay attention to it. It will get plundered!!!

I did not post this to show anyone up, but to simply prove the point you can know what is going to happen in the future through the usage of your charts, not luck. That green dotted line is where I entered the trade

Hi All,

Actually i had same question which Shailu has.
If people can read technical chart or fundamental then they must be konwing what will heppen after few hours of tomorrow then they can get heavy profit by in reality it not happen. We saw on news or on other market related sites some adv. regarding buy this stock at this price or sell at particular price if that opinion is after reading chart or fundamental then it should be true and everyone who read same chart should follow same but it not happens in reality. Why ? I think investing in market is nothing but luck only.

 

[Shailu]

4xpip i think u didnt got the actual point.
i wana say that there are many chart reader many are expert but it is also very true tht expert died first.
as per indian stock market i m saying that technical or fundamental wht ever may be from last 8 months those stock which is fundamental and technical strong were still 25-30% down from 8 month rate.
on oct 3 gap down was more than 70 points and on oct 7 gap up was more than 130 points .so on oct 3 chart reader of any type as per charts go short and it got reverse on oct 7.
i just wana say that very clearly that 1 news of any country may direct effect the whole charts. u may long or short ur reading get failed.

 

[4xpipcounter]

Okay, then I'll stand corrected on any point I missed, but let me say this. My technicals were showing a clear indication Nifty was going to fall from 6100 to 5200 and then 4600. Many fundamental people were calling for a move higher. I don't even trade Nifty and all I had to go by was my charts.
In essence, Nifty was down 25-30% in 8 months because it was suppose to.
Those gaps you mentioned are just part of the journey towards 4600. That's it!
Also, Nifty is only a 6 1-2 hour per day market. It is natural that spikes to start a day are going to be a common occurrence. The reason they do not happen as often in forex is because it is a 24/5 market.

4xpip i think u didnt got the actual point.
i wana say that there are many chart reader many are expert but it is also very true tht expert died first.
as per indian stock market i m saying that technical or fundamental wht ever may be from last 8 months those stock which is fundamental and technical strong were still 25-30% down from 8 month rate.
on oct 3 gap down was more than 70 points and on oct 7 gap up was more than 130 points .so on oct 3 chart reader of any type as per charts go short and it got reverse on oct 7.
i just wana say that very clearly that 1 news of any country may direct effect the whole charts. u may long or short ur reading get failed.

 

[4xpipcounter]

Shailu, I respect your opinion, but the reason I'm refuting it is because of clear evidence of the TA's always winning the day.
Just like I told Raj, follow the chart on USD/CHF over coming weeks and tell me what luck had to do with dropping it 700 pips from current level.
You might say you don't trade that market. I don't trade Nifty, but used my technicals only to forecast the drop.

I can prove this on charts when the news hits that news does create spikes in the price action, but it is always contained within the technical parameters. In my own thread we were talking about how last Friday's NFP was going against the USD, then reverse after the news. In other words with the technicals, we were able to forecast the news. Price action did spike against the USD, then took off after the news in favor of the USD.

Respectfully, I'm saying to not cop out by using luck. Master your methodology, then there is no need to lose in any market.
After all, markets can only move up or down so you already have a 50% chance. Master the methodology, and I promise you your odds greatly increase.

(Yeah, yeah, now I won't shut up.) This is not a knock on FA traders. It is hard for me to imagine (Not saying it is impossible.) how someone wins consistently using 100% FA's. I'm also not saying that someone is wrong for trading in using them. But, it is not luck when the market go in the trader;s favor. It is pure skill, and years of hard work and dedication.

 

[4xpipcounter]

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Shailu, I posted this chart to show what happened since my previous post.
Once again, you can know what is going to happen in the future with sound technical analysis. The FA's will bow to the TA's, as, once again, they create spikes only in the markets.

The title of your thread is, "Can any one answer this?"
I just did with live price action before the event, and I am also saying what will continue in the future.

BTW, I can no longer comment on Nifty, as I do not have the charts anymore for that market. I don't know if 4666 and 4592 have been hit yet, but those were my final targets on the downside, but not necessarily was I saying they would contain.

 

[devenderfx]

hi

better observe the market when news r inforce. becas when news like non-farm payroll are very effective and tend to change the direction of the market and even the spreads r larger.later on u can enter into the market through technical r chart analysis.

 

[Shailu]

can any 1 make this exceel sheet?

hello friends i wana such exceel sheet in which we get live data from nseindia.com and in 1 cell nifty spot rate will come live and next candle for example add 50 points.
for example cmp is 5105 tht cell should get live data through micron frm nseindia and in next sell 5105+50=5155( cell b).

in same way i wana days high and days low value in 2 column.
days high and days low of nifty spot.

1 colum for cmp of nifty spot second colum for day high and third colum for day low after tht i wana add my formula in it.

if it is not clear than i will tell again. waiting for response.

 

[raj_hpking]

Hi 4xpipcounter,

As per you said we can use chart to predict future then chart expert will always be a winner in market. They would be millionaire only in few days! I am really confused how you use chart to predict future? As i read in technical analysis there are two methods, 1) Prediction based on Past chart pattern and 2) Based on Math to guess future pattern. But with my little knowledge i tried to refer some chart with 1st method but did not help me. And that is why my conclusion is that market behave in its own style irrespective of analysis.