How to trade with an oscillator

[vishalalluri]

hi st sir kindly have look at today chart and lemme kno if approach is right

any other indication in the chart enclosed

thnks in advance

 

[Mangafreakz]

@Veekay Sir
http://www.traderji.com/technical-analysis/32812-analysis-charts-discussion-share-ur-views.html
This is vishalalluri's thread

 

[Mangafreakz]

@Darkstar Sir
You can get only Nifty spot , Sensex , RNRL and Reliance RT data for free on Investbulls. For all data you have to subscribe to their site for 350/- p.m.
A friend of mine on TJ once told me that he imports RT data to Amibroker from ODIN using chartsdata software.
Heres the link
http://www.traderji.com/software/24...ker-metastock-fcharts-excel-txt-backfill.html
i dont have ODIN so I cant help you out any more , sorry. If you can , then can you post your mail id here , I needed to ask you something about Religare. Dont post live mail id here , as its against forum rules , post the id with spaces in between.
Thank you.

 

[vishalalluri]

hi st sir


whats ur view on linear regression line was just doing some charts and saw they produce good target levels

pls help confused

 

[Smart_trade]

hi st sir kindly have look at today chart and lemme kno if approach is right

any other indication in the chart enclosed

thnks in advance

Good observations Vishal.....nothing much to add...you have figured out everything correctly.

Few traders took a buy signal around 11:55....that was wrong...the stoch was in OS zone for more than 5 bars,entry qualifiers were not satisfied....so long trade ws incorrect...we should have been looking to go short for a sweet down move....

Great going...

Smart_trade

 

[vishalalluri]

hi st sir

hope u doing fine

what is trading strategy for today , means i know in this thread we talk about oscillators but could u please share what ways can one trade a day like today
which indicators suit more .
i had one more doubt what should be the time frame 5 min or 30 min if i want to trade on nifty intraday the best suggested by u .

hi veekay ,

hope u doing fine too

please todays chart just wana check if oscillators give any signal on volatile day

 

[Smart_trade]

hi st sir

hope u doing fine

what is trading strategy for today , means i know in this thread we talk about oscillators but could u please share what ways can one trade a day like today
which indicators suit more .
i had one more doubt what should be the time frame 5 min or 30 min if i want to trade on nifty intraday the best suggested by u .

hi veekay ,

hope u doing fine too

please todays chart just wana check if oscillators give any signal on volatile day

Hi Vishal,

Saw your post just now...so no time to mark and post charts...probably will do it in the evening after the markets....but yesterday was a profitable day....

Along with oscillators,you have to trade breakouts,breakout failures, ranges...so that any day one can trade profitably.

Our distribution of profits and losses on various days should be as under :

1) Some big profit days....
2) Some small profit to scratch days....you have to take them as they come along because you dont know in advance which will be such days and which will be high profit days.
3) Some small losses days
4) No large loss days....this part is very important for overall profitability.

Regarding timeframes,it is better to trade both timeframes in daytrading....sometimes you will get trends on 30 min TF,sometimes on 5 min....methods like miniflow use 30 min TF and methods like ambush use 5 min TF...both are great. But 5 min will give you 3-5 trades and 30 min will give you 2-3 trades...depends on your mindset what you are comfortable with...

Have a great trading day....

Smart_trade

 

[MurAtt]

ST -- today is your indicator's day --- overbot since so many bars!!!!

 

[vishalalluri]

ST -- today is your indicator's day --- overbot since so many bars!!!!

yes sm sir i have been thinking of st sir tooo wen saw the indicators for so many bars

 

[lvgandhi]

Dear ST
I have some doubts regarding today's BNF chart. I am attaching the chart. At 12:15 Stoc value was 68 and 12:20 92 and again at 12:25 it was 68.
Now my query is should we go short below 12:25 bar low or 12:30 bar low, though practically it is same here and 12:30 bar is green bar? In such situation how to go about.?