Charts for the Day

[anil_s_trivedi]

Anil Sir

Do you use this parameter(240-60 days high low) only for Reliance or for all other Stocks and Indices also ?

Dear amit,

My default settings are 60,240 only...

As there are 20 trading days in a month...so i take 60(20x3) for quarterly...
similarly for 12 months, its coming in at 240(20x12)...

I follow this for all stocks...actually its my 52 week definition for 240 days...

 

[rangarajan]

Anil Sir

Do you use this parameter(240-60 days high low) only for Reliance or for all other Stocks and Indices also ?

What is this strategy?

I have never heard of this?

Is it discussed in this Forum or elsewhere?

 

[amitrandive]

Dear amit,

My default settings are 60,240 only...

As there are 20 trading days in a month...so i take 60(20x3) for quarterly...
similarly for 12 months, its coming in at 240(20x12)...

I follow this for all stocks...actually its my 52 week definition for 240 days...

Sir

Any interesting interpretations when you analyse any stock/index on basis of these parameters ?

 

[amitrandive]

What is this strategy?

I have never heard of this?

Is it discussed in this Forum or elsewhere?

52 Week High Low Strategy discussed here

http://www.traderji.com/technical-a...igh-probability-breakouts-90.html#post1119782

http://www.traderji.com/technical-a...gh-probability-breakouts-163.html#post1095063

Anil Sir has added quarterly High Low to this strategy.

Googling will get you lot of information for this strategy.Most fund managers , hedge fund managers use this strategy.

 

[anil_s_trivedi]

60 days high low and 240 days high low the strength/weakness stock exhibiting over a period of time. For 60 days roughly a quarter, it shows how stock exhibiting its nature. With every quarterly results coming in, institutions shuffle their portfolio over different stocks. So but obvious stocks having good strength will always lead the way, and you cant hide your intentions, as price is the ultimate reflector of company.

What i observed is after a sustain downtrend, stock when show bottoming signs, it first hit 60 days high, indicating change in fundamentals. But its still not over. Stock again show some weakness, and finally again hit that 60days high. This is time stock has showing resilient signs over falling.

And 240 days high low is nothing but yearly high-low for me...

Donchian used to trade 20 days high-low...this is on similar lines, but we dont trade, we assess what is changing, the price structure is strengthening or weakening...sometimes we are too much indicator focussed, including myself...as i see momentum indicators regularly, but we failed to focus is price reflecting structural change or not...

This is where it comes handy...till date i had not used this for trading...you can check it...

In case of reliance its a case of failing when testing is coming in...at highs it showing something not going well, again on lows its raising expectation that it will perform...

----------------
In our example of bharat forge, ( i am biased to show this chart here) see how 60 days high showing improving underlying factors...after that in whole run price failed to show even once 60 days low...but after hitting highs, first 60 days low coming in...again price hitting 60 days high, but wait....where is follow up...again its a weak case slowly...and then stock go on breaking 240 days lows...

---------------
60 days high low and 240 days high low acts as turning points...

 

[rangarajan]

52 Week High Low Strategy discussed here

http://www.traderji.com/technical-a...igh-probability-breakouts-90.html#post1119782

http://www.traderji.com/technical-a...gh-probability-breakouts-163.html#post1095063

Anil Sir has added quarterly High Low to this strategy.

Googling will get you lot of information for this strategy.Most fund managers , hedge fund managers use this strategy.

Thank you.

 

[rangarajan]

anil Trivedi,

Many a times i have seen Strategies using Indicators like MACD, Stochastics, ADX give Good results atleast on 80% of the trades when applied on EOD.

However, the same when applied for Intraday, on lower T Frames say 15/30 min give Poor results.

Is it because they were created with setting values for Longer TF.

If so, how do we change the parameters, by Trial & Error, Stock specific?

What is yr suggestion.

Ofcourse, i am aware you r Not a Day Trader by & large.

 

[timepass]

anil Trivedi,

Many a times i have seen Strategies using Indicators like MACD, Stochastics, ADX give Good results atleast on 80% of the trades when applied on EOD.

However, the same when applied for Intraday, on lower T Frames say 15/30 min give Poor results.

Is it because they were created with setting values for Longer TF.

If so, how do we change the parameters, by Trial & Error, Stock specific?

What is yr suggestion.

Ofcourse, i am aware you r Not a Day Trader by & large.

BNF - 15 min : ADX is reliable for 200 odd points when trending. It is the non-trending times which test your patience.

 

[tombstone]

Reliance is forming a flag pattern on monthly chart , waiting for the breakout , waiting to invest

Indusind Bank is forming a ascending triangle pattern which is forming on a weekly chart after a strong uptrend . wating to invest

Irb is looking very exciting , a strong moving can happen ,

 

[rangarajan]

BNF - 15 min : ADX is reliable for 200 odd points when trending. It is the non-trending times which test your patience.

timepass

System expert:thumb my knowledge to post charts learnt from you long back besides many where u had guided :clapping

Are u using ADX in isolation?
If so what is the strategy w r t ADX.

But my query is in general reg design parameters, whether meant only for Higher TF & why frequent failure in Lower Tf esp for s