My charts (and yours too........)

[aditya303]

4xpipcounter,
Thanks for your views on forex with the basic Trendline b/o and entry on pullback strategy. You've made TA look so simple. Your strategy reinforces the fact that simple tools as these can also be very productive. Hope this will help the newbies.
Your writing (strategy) reminds me of Saint's "Teach a man to fish......" (this is the compilation which has helped me to understand TA in simple terms). Simple and nice; Trends, Trendlines, Support and Resistance.

babu good work u have ur yahoo id?

 

[babukraman]

babu good work u have ur yahoo id?

Thanks Adidtya for the compliments!
yup!
babukothandaraman at yahoo dot com and gamil dot com. Hope this is fine with the moderators.

 

[ktpillai]

Thanks Adidtya for the compliments!
yup!
babukothandaraman at yahoo dot com and gamil dot com. Hope this is fine with the moderators.

I have been following your charts.I have come across few people who are of great help to beginners and in fact great teachers .I would like to place you among the few and that too in NO I position.Please keep your good works

 

[preethi21]

My small chart JP power heading towards 60 rs

Uploaded with ImageShack.us

 

[veluri1967]

Preethi,

Less Volumes and RSI below 50 are a concern for it to hit your target. Otherwise your pick is a good one.

 

[Romeo and Elliott]

Hi Babu / Everyone,

Was away for a while, to baba Khud-sheeko ka aashram.

Been focusing on Gaps, their behaviour is B-E-A-U-T-I-F-U-L and worth studying.

Along those lines ive now got the ability to spot all FnO segment gaps on market open, indicating kickers / gaps etc, intention is to keep and eye on gaps as they happen [not the day after etc] there are certain scenarios where gaps are to be bought the day they happen [my humble opinion] ie, gapping out of a consolidation, gapping after a bulish reversal sign, gapping down / up across a past top etc.

Working on a scanner to scan these collaterals and present results in < 5 mins of mkt open, indicating who did what, how many gaps in all [if lets say market itself gapped up with tons of stocks gapping up, quit, do nothing that day, it may not be a force specifically on that stock... etc]

For now it has pure academic value. If anyones interested i could post gapping results on market open but please do not take them as buy or sell signals unless you studied them well.. there are lots of collaterals to be taken into account. If anyone wants to study their behaviour on market open, please let me know, will post gap ups / downs around mkt open.

tc

 

[4xpipcounter]

Babu, that is exactly what I teach people on my blog. I give them some basic tools. It is up to them to use them to their specifications.
I honestly have found trading to not be that tough. The markets can only go one of two ways-- up or down. That's 50%. As traders, we greatly tip the odds in our favor by being able to discern which way the markets will take us.

4xpipcounter,
Thanks for your views on forex with the basic Trendline b/o and entry on pullback strategy. You've made TA look so simple. Your strategy reinforces the fact that simple tools as these can also be very productive. Hope this will help the newbies.
Your writing (strategy) reminds me of Saint's "Teach a man to fish......" (this is the compilation which has helped me to understand TA in simple terms). Simple and nice; Trends, Trendlines, Support and Resistance.

 

[Romeo and Elliott]

Meanwhile in another part of town .......

Since Iont use a lot of indicators, there would be none of the chart as usual.. pls let price-action be your guiding light. Pls bear with the zillion lines havnt had the time to clean up.

Suzlon and Bhartiartl triangulating...

BHARTI seems to have done its run down, im looking for an impulse up.

Suzlon : red body before white tested support which was broken earlier, white body should be the confirmation.

Immideately preceding tops become critical as test points if crossed / targets, thats w/w.


Tatasteel ... browsed some posts re-tatasteel heres my view on it.
- Bottomd on a strong trendline and bounced.
- Ideal case, when a triple top line is formed by the corrective phase, breached by the first and tested by the second.

 

[Romeo and Elliott]

Hot tip :
Buy onion at CMP, tgt 120 Rs/Kilo, SL 76.75 Rs/Kilo :rofl:

lighter side
Tc.

 

[4xpipcounter]

http://img688.imageshack.us/i/usdjp

I've mentioned quite a few times the need of having a methodology that is bale to discern reversals, supports, and resistances. I also have a proprietary set of S&R's that is able to discern the range of a trend. I'm posting this chart of the USD/JPY to show past actions within the scope of my methodology, and to give a prospective of what will happen in the future.

I do not claim to have the only methodology that works, but I do claim that if yours is able to discern Supports and resistances, and key reversal areas that is will yield you lots of pips and $$$$. It is up to all traders not to copy someone else's method of trading, but to design the methodology that is best catered to them for their style and personality.

The colors pertain to the encircled areas on the chart:
Black: In trading any market, the best way to make a decision to get in the market is through a confluence of events. At least 2 agreeing, or 3 or more is better. This is how it was easy to see how this pair was headed south. The candle hit the bottom of the cloud, and the cloud was on a bear run as it peered into the future. Notice the apex on the TL's. The stochastics were OB.
Green: When your TL's are drawn correctly, this is a facsimile of the nature of it being broken, a strong move to and through the TL. Once the TL is broken,
there is usually a retracement (The oddity is we did not get one on this cross through.) and then back in the new trend for several candles.
Yellow: The tenken acting as support.
Brown: The kijun acting as support.
Purple: Tenken and kijun both merged upward, price got squeezed, and then the strong move.
Pink: That is what is called an apex. Invariably, if price hits an apex, there is always a strong move. If price does go sideways that far, then it is favorable for a reversal and not a break further south. The reason is the daily is fresh. Other than the 2 points that distinguished the TL, the TL has never been hit. Another point is the black line was drawn off the 4-hour chart, and the blue off the daily. The daily would win when everything else is even.

As far as the future is concerned, it is favorable to see a drop further for the USD/JPY. Notice how price entered the cloud. Once in the cloud, 85% of the time price will see its way to the other side. Right under the cloud is the TL, which means it is strong support. I could be wrong, but 82.09--81.80 appears to be containment.

BTW, the quantity of opportunities that were spotted on this chart and the prognosis for the future move is seen on every chart. I monitor 28 pairs, and it drives me nuts, at times, trying to decide what I want to trade.
There are also myriad of opportunities in sideways markets, just like in trending markets.