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

[babukraman]

Karthikmarar already left the thread,,,

not only he ,,,
lots of amazing old members Saint,Ashish,dev mukarji, hitesh sabarwal, ajax,
winston , harish , oximorun , sagi the dice man, lots i forgot their names,,,

now a days they are not coming,, i dont know what happened to them

Hi Preethi,
some of the names are familiar to me....... by their work. Even though, they've left this forum (as has been observed by you), they've left their foot prints here; their fabulous works have remained here and hope they'll will remain forever. People (newbies) like me are tremendously helping ourselves from their fabulous material. At this time, again, I thank all those seniors, who've already left this forum and those who're still active, for their self-less contributions.
Cheers!
Babu Kothandaraman

 

[Romeo and Elliott]

Hi all,
Just a quick question, though off topic.
I'm just curious. Why is that enygma's post, going well over the right side of the screen, while RomeoNElliot's post fits within my screen. Please advise! (some thing to do with the size of the chart?)
Babu Kothandaraman

i resize charts to a width of approx 800 pixels so they're easier to read and fit within a single screen on most monitors.

www.irfanview.com
Free image viewer with super-easy re-sizing, adjusts aspect ratio automatically, for anyone who would want to (be kind enough to ) resize their images.

 

[Romeo and Elliott]

Another query here! This is for those who are learning / trading by "KPL swing (break out trading system) strategy". Please share and teach us about the system with your trades, charts and observations, etc., Also, those of you who aren't happy with this system, please post your views as well. (While doing so, please be kind enough to spare the developer/s of this system. Let's discuss the system only.)
I came across some literature about this system in h t t p:// v f m d i r e c t . c o m /kplswing/ Hope this way of writing the other website is ok with the mods. Thanks!
Looking forward to hear from you.......
Babu Kothandaraman

Thanks for introducing the site.. I've had one issue with TAnalysts - Indicators.. and a very serious one.

Are we losing price-action awareness in the persuit of indicators ? Price-Vol analysis is simple, logical, it has behaviour and could help make trades 'RIGHT DOWN TO THE DAY THE MOVE STARTS' few whipsaws, minimal stop-losses and good runs.

w.r.t the recent position taken by Preeti (Just an instance), i think she largely placed trust in the RSI, which seems to be a trusted indicator, like MACD, by many. To me they dont really mean much. If it does mean anything its prolly in a channel, ive never made sense of it, never intend to. A 14 or an n day action on price will not tell me what the stock is likely to do 2morro, nor will it give me a valid confirmation of anything, price will.

The above mentioned trade on Bajajhind and KFA were even endorsed, but the reason totally escaped me, i saw nothing on the charts to indicate bullishness at the point. I assume it was based on RSI, i could be wrong.

Price action : I get a shorting confirmation on the same stock with a really really low RSI (I bothered to check only to try and figure out why the position wasnt confirmed as a good short by anyone, i'd been bubbling with excitement at the setup for a short).

Same goes for Sesagoa, no indicators, just price action, long psn,... etc. Of course not everything read on every stock can be right but the odds seem good and day-accurate with an understanding of price.

I've dumped indicators a long while ago in the interest of understanding price, candle by candle, the story a stock tells, the possibilities it presents the 'confirmation signals' it gives. I'm still in the process of learning but i find it far more effective than anything i could have done with any indicator.

In this persuit of price-volume understanding, the recent thread-link Visualize posted, VSA has seems absolutely priceless. A zillion thanks to Karthikmarar.

In other words, why not focus on price-action, it works in ALL market conditions, has a lesser failure rate and gives day specific entries. There really is no holy grail of eqauations that would see anyone thru, price-volume action seems to be the only 'conceptual' understanding of the mkts. Why not focus on it ? Cant find a thread on TJ that focuses exclusively on indicator-less analysis.

phew... i hope i get to see some indicator-less charts that would be nice, partly my reason for joining this thread

Note : A basic understanding of elliotts helps however, just an awareness of S/R levels is good enough.

 

[VJAY]

Thanks for introducing the site.. I've had one issue with TAnalysts - Indicators.. and a very serious one.

Are we losing price-action awareness in the persuit of indicators ? Price-Vol analysis is simple, logical, it has behaviour and could help make trades 'RIGHT DOWN TO THE DAY THE MOVE STARTS' few whipsaws, minimal stop-losses and good runs.

w.r.t the recent position taken by Preeti (Just an instance), i think she largely placed trust in the RSI, which seems to be a trusted indicator, like MACD, by many. To me they dont really mean much. If it does mean anything its prolly in a channel, ive never made sense of it, never intend to. A 14 or an n day action on price will not tell me what the stock is likely to do 2morro, nor will it give me a valid confirmation of anything, price will.

The above mentioned trade on Bajajhind and KFA were even endorsed, but the reason totally escaped me, i saw nothing on the charts to indicate bullishness at the point. I assume it was based on RSI, i could be wrong.

Price action : I get a shorting confirmation on the same stock with a really really low RSI (I bothered to check only to try and figure out why the position wasnt confirmed as a good short by anyone, i'd been bubbling with excitement at the setup for a short).

Same goes for Sesagoa, no indicators, just price action, long psn,... etc. Of course not everything read on every stock can be right but the odds seem good and day-accurate with an understanding of price.

I've dumped indicators a long while ago in the interest of understanding price, candle by candle, the story a stock tells, the possibilities it presents the 'confirmation signals' it gives. I'm still in the process of learning but i find it far more effective than anything i could have done with any indicator.

In this persuit of price-volume understanding, the recent thread-link Visualize posted, VSA has seems absolutely priceless. A zillion thanks to Karthikmarar.

In other words, why not focus on price-action, it works in ALL market conditions, has a lesser failure rate and gives day specific entries. There really is no holy grail of eqauations that would see anyone thru, price-volume action seems to be the only 'conceptual' understanding of the mkts. Why not focus on it ? Cant find a thread on TJ that focuses exclusively on indicator-less analysis.

phew... i hope i get to see some indicator-less charts that would be nice, partly my reason for joining this thread

Note : A basic understanding of elliotts helps however, just an awareness of S/R levels is good enough.

Dear Romeo and Elliott,
Here is saint sir's flow system....only using price action....although it is trend following method...one of the most simple & successfull trading method inTJ

http://www.traderji.com/futures/21903-going-60min-flow.html

 

[dream_merchant]

I saw a post from Karthikmarar on his thread "Volume spread analysis" yesterday ...

he just replied to a query but not very much active though .

Hi Preethi,
some of the names are familiar to me....... by their work. Even though, they've left this forum (as has been observed by you), they've left their foot prints here; their fabulous works have remained here and hope they'll will remain forever. People (newbies) like me are tremendously helping ourselves from their fabulous material. At this time, again, I thank all those seniors, who've already left this forum and those who're still active, for their self-less contributions.
Cheers!
Babu Kothandaraman

 

[vinst]

Karthikmarar already left the thread,,,

not only he ,,,
lots of amazing old members Saint,Ashish,dev mukarji, hitesh sabarwal, ajax,
winston , harish , oximorun , sagi the dice man, lots i forgot their names,,,

now a days they are not coming,, i dont know what happened to them

Most of them posted for years, thousands of posts, taken 100's of digs, still shared diamond-class trading knowledge.
Some of the above are still active, may be not here.
Other are simply tired of endless repeat queries taking their time, endless posting-dogfights.

 

[babukraman]

In other words, why not focus on price-action, it works in ALL market conditions, has a lesser failure rate and gives day specific entries. There really is no holy grail of eqauations that would see anyone thru, price-volume action seems to be the only 'conceptual' understanding of the mkts. Why not focus on it ? Cant find a thread on TJ that focuses exclusively on indicator-less analysis.

phew... i hope i get to see some indicator-less charts that would be nice, partly my reason for joining this thread

Note : A basic understanding of elliotts helps however, just an awareness of S/R levels is good enough.

RnE,
Thanks for your exhaustive, desperate for a "Volume-Price" action thread (discussion) on TJ. Surely, we'll, one day, start this thread. I just happen to read Tom Williams' "Master the Markets" some months back. It needs to sink in and then I might be able to write a bit on it. That's the reason as well, sometime back, I've asked for any one with VSA views to post their charts here; but not received any charts.
But, I'm not sure if that's the only or "the" system as mentioned by you. Because, I've just started learning TA and learning it to view with help of the indicators. So, it's very difficult for the newbies like me to get the indicators out of our system. Hope, one day, I might be able to think out of the box and see things on a broader perspective! However, I'm always open to leaning new things; So, EW and VSA are on my learning radar next!
Due to personal commitments, I'm not able to post that many charts here since the beginning of this year. Sorry about it! Hope to join you all with the charts at the earliest! However, I've been following all the charts posted here. Good luck!
Cheers!
Babu Kothandaraman

 

[Romeo and Elliott]

RnE,

But, I'm not sure if that's the only or "the" system as mentioned by you. Because, I've just started learning TA and learning it to view with help of the indicators. So, it's very difficult for the newbies like me to get the indicators out of our system. Hope, one day, I might be able to think out of the box and see things on a broader perspective! However, I'm always open to leaning new things; So, EW and VSA are on my learning radar next!
Babu Kothandaraman

Every single acclaimed book talks about price action analysis being your primary reason to enter a position, its at the very heart of TA, i would think, the very first step.

Authors / traders have repeatedly emphasised the need for using indicators only as a collateral (i would further add... 'when in doubt', but then when in doubt - look at some other chart).

The reason why indicators have ended up being so popular - they are programmable, so traders fall easily into the trap, looking for that ultimate equation even before they figure out what various authors implored them to do in the first place - use them strictly as collaterals.

Simple instance, The moment one calls something 'overbough' on RSI he has mentally disregarded the possibility that the stock is actually in a strong uptrend, and may continue upwards, even accelerate, what period RSI is one using for a given stock ? what period would be the best ? what factors to be taken into account when setting your indicator periods ? but then it gets too complicated and uninteresting cuz its no longer a one-size-fits-all mathematical equation.

 

[babukraman]

Every single acclaimed book talks about price action analysis being your primary reason to enter a position, its at the very heart of TA, ........

Agreed........!

Authors / traders have repeatedly emphasised the need for using indicators only as a collateral (i would further add... 'when in doubt', but then when in doubt - look at some other chart).

..but then when in doubt - look at some other chart!
Wow! Really a cute one!

Simple instance, The moment one calls something 'overbought' on RSI he has mentally disregarded the possibility that the stock is actually in a strong uptrend, and may continue upwards, even accelerate, what period RSI is one using for a given stock ? what period would be the best ? what factors to be taken into account when setting your indicator periods ? but then it gets too complicated and uninteresting cuz its no longer a one-size-fits-all mathematical equation.

Very valid observations!
Thanks for your input! This is one more good reason to start paying more attention to Price-Volume action!
RnE,
One more favor! You've introduced me (as well as quite a few of the followers of this thread) to EW by providing your valuable collections of articles on EW. Thanks! By the way, do you have any suggestions on VSA study materials (I've already read Tom Williams). If any, could you please share with us? Thanks a lot in advance!
Regards,
Babu Kothandaraman

 

[Romeo and Elliott]

....any suggestions on VSA study materials (I've already read Tom Williams). If any....
Babu Kothandaraman

Nah Babu, ive just been introduced to VSA by Visualize, but ive been trying to get a good grip on volumes for a while now.I have my own observations regarding volumes, i could post them if you'd like, but for VSA i'm going thru the link. I like the way he relates actions to their representation in price-volume.