My daytrading

[Raghavacc]

Thank you so much for detailed explanation and your words gave me lot confident on me. Is it good to go for short in the break of hangingman when stoch > 5 in OB?

Thanks a lot for your valuable time.

Weekly Analysis

For Next Week

WEEKLY PIVOT
R2 R1 P S1 S2
5806 5648 5552 5394 5298


WEEKLY TRENDLEVEL
0% 23.60% 38.20% 50% 61.80% 76.40% 100.00%
5456 5516 5553 5583 5613 5650 5710

WEEKLY RETRACEMENT LEVEL
100% 76.40% 61.80% 50% 38.20% 23.60% 0.00%
5710 5650 5613 5583 5553 5516 5456

Bala

:clapping:Excellent Bala,

You are doing homework very promptly.Keep doing and you will come ahead in the long run.

The break of hangman downside can be used for offloading or for both offloading and entering shorts even when OB>5 Bars. The price clearly told that its a false breakout as the false breakout candle has significant Volume and the false breakout was at a significant level. i.e: AT the high/open of yesterday's tiny daily bar.Always Price precedes indicator

Being conservative one can wait for a next tiny lower swing high and then break of bottom.

 

[Raghavacc]

Sreenath is one whom admire the most and below is what he has to say .Its from "Need a mentor" thread .I implemented what he has suggested and it makes big difference.

Unfortunately ,Sreenath is US and not bleacher since very long time. Over to Sreenath.....

I.Emotional Flood: It's about 20 minutes in length, in the last CD from a Tony Robbins program. You don't need the cd to do it. You can do it yourself. Just make sure you write all those thoughts after you do it and develop a catalog of past successes and future desired successes.
Here's what it leads you through.
1. First few seconds, you blow all negative thoughts, past, present.....etc
2. Recalling all past successes no matter how little or big in the past and then you flood your brain with those memories at supersonic speed(music in the background).
3. Flooding your mind with positive images of your future outcomes/vision, NOW at a rapid rate.
The feeling what you get is euphoric and the state of mind retains it for two-three days, sometimes even a week. Helps me to stay focused only on the good that happened in my life and only on those images which suit me for my future.

II. Fruit Only Breakfast: This along with a fresh salad before lunch and dinner I feel makes a huge difference to your energy levles, your digestive system and in the end affect your mental attitude. Basically I tend to either drink fresh(squeezed using a juicer)fruit juice or eat only fruit for breakfast and not eat anything else for at least 2 hours after eating it. Very, very few people are aware of the junk they feed to their bodies and the subsequent impact it has on their awareness and their long term health. I was lucky enough to learn these things a while ago
Fruit(better wash them to make sure they are clean once you bring them home;doesn't have to be organically grown but better if you can afford it)and fresh vegetables come closest to the nature of fluids within our bodies and our digestive systems don't have to work hard as compared to eating carbohydrates for example. If you read Tony's book Unlimited power there's an entire chapter on this and he even distinguishes between different types of fruit(acidic and alkaline variety) and you shouldn't mix some of them when you eat. In general, alkalizing your body is the way to go, acidifyiing is the surest way to poorest health. Basically these you eat is to make sure that wind, bile and phlegm are in perfect balance to be healthy and mentally aware(vatha, pitta, kapha). Fresh salad(never add those dressings you find at the supermarkets;I tend to mix lemon juice with olive oil and sometimes add a bit of garlic and make my own dressing)is a must, IMO before any lunch or dinner you eat. This will ease and enhance digestion.

Daily Trading Sheet: This is basically any sheet you make up for the parameters you're following for your technical analysis. Typical numbers you can log in are daily h/l/c, patterns like whether its a narrow range day or a wide range day, pivot numbers. Everyone follows their own method/s and the columns you have will be dictated by the key numbers in your methodology.

 

[Raghavacc]

Dear Friends,


Here we go with much awaited work.
-----------------------------------------------
My daytrading - General Guidelines -PDF file
http://www.mediafire.com/?xwdcy8c7x4ccpfl
-----------------------------------------------
Word file
http://www.mediafire.com/?w0ld5mwlwyf1iqc
---------------------------------------------
Please note that the file took me many many hours to compile.Its not a final version.It may need small tweak here and there ,we may have to go for spell check and addition ,deletion will be there as usual. All these are due to my time constraints.

Hi Dan,

Since you are an authority on word ,I will be grateful if you can please advice on its final compilation,alignments and settings.

All beginners can right away start refering the file while we come up with a final version after edition as soon as possible.

------------------------------------------------------------------
Now to my dear friend Aditya,

Since pulling out all the charts from the mother thread was a tedious task I have decided to take your help. I have decided to finish this work in 2 phases. They are:
1.The file I have embedded above.
2.The file containing charts against each section of file 1 as a cross reference.

Once we do this we will merge both the files and make it one file.Shortly I will let you know how to go about.

 

[adityasaraf007]

Raghavji....... it was a hectic last week for me...... have to finish other commitments by Monday..... so just couldn't update the file any further...... anyways I would get back to you regarding finalizing the process as soon as I can......

Till that time please bear with me (last week the bhaloos ruled too ).

Regards,
Aditya

 

[Raghavacc]

Raghavji....... it was a hectic last week for me...... have to finish other commitments by Monday..... so just couldn't update the file any further...... anyways I would get back to you regarding finalizing the process as soon as I can......

Till that time please bear with me (last week the bhaloos ruled too ).

Regards,
Aditya

Aditya,

Please take your own time and finish all important works. No problems.Today I would put needed charts and will come with the edited version of the file I posted above.

From tomorrow onwards I will be heavily occupied with my new project and will not be able to give anytime here.

Once I finish the work this evening, I would let you know what all values you can add to that file. The same you can take it forward and finish at your free time....

Have a happy time

 

[samy21k]

Kicking of this thread to post my trading style with analysis.My inspiration to develop this system came from these 2 threads .

http://www.traderji.com/day-trading/30182-how-trade-oscillator.html

http://www.traderji.com/day-trading/27421-bollingerbands.html

I love reading them again and again whenever I make a mistake in my trading to plugin my mistakes.

I should say this system must belong to these 2 highly helpfull people. There is nothing which I can call as mine.

I am extremely thankful to both of them.They are not only great traders .they are great teachers too.Here our objective is to learn as much as possible. combine both the style, add Pivot breaks, Divergence,candlestick signals,Price action and make it a robust but simple and understandable method.Anyone is welcome to ask any questions relating to system and add their positive sugessions and comment for improving the system. However pls keep unwanted and irrelevant questions away.


Further I must say that my deepest regard goes to ST and AW10 for their high level of understanding of market .I humbly request both of them as well as other seniors to visit this thread and help in every aspect for overall improvement.

This thread is from a student and will be for students who are keen to learn .We will be keeping all the ego's and arrogance away and will act as we are all companions. Seniors will guide whenever we get in to trouble.

I will start posting charts as well as my analysis for those trades from today.

Regards
Raghav

Hi Raghav,

I really liked your posts, but as I dont know much of the market I didnt understood the short forms used.

I am very much new to markets and dont know anything, but have interest in learning how to read market condition and when to et in and out and get some profit and understand the market by doing this.

Once getting to know the market and get right analysis then will think whether to start in volume or no, or shar my knowledge with other really interested in trading in volume.

If you can help me learn some of the things.

Thanks for your help in posting all the details.

 

[Raghavacc]

Here is the final version of PDF file containing guidelines.In this file I have added price action charts as well at the end of the file .Those charts are not the same charted posted in my mother thread.They are the charts mostly of last 30-40 days.

Now how to go about?

First we need to thoroughly go through the below PDF and ensure that we understand each of the subject mentioned therein.

Once we are sure that we understood what I have written in PDF we can go through my thread for detailed discussion on each of those subjects.

No one can detail all the aspects of trading in a matter of 1-2 years as Trading is a vast subject.Hence I have given a basics on which you can build upon.I think all other aspects I have already discussed and what all we need is "JUST DO IT"

I will finish off my job in next 2-3 posts.

http://www.mediafire.com/?wi2chcvcal9v68k

 

[Raghavacc]

Raghavji
Sorry to take precious space of TJ and your time also the time of other members.I could not stop myself to write this.It is quiet evident from your post that you are burdened with lots of work load.Still find time to write up for us.The subject is as I (dumb headed) try to understand is complex.
My pray is please take it easy.You may not know brother Devia Ramesh got heart attach and had to be operated upon,my believe due to excessive mental work load.Regards.
Partha Roy

Dear Friend Partha,

Reply to this post was pending from long time as I was in the job of completing all other priorities.

On this earth there are not even a single creature which is dumb.In such case how A sacred person like you who is born as a human-The best of the best births can be a dumb?

We pass many many births before getting this priceless gift called "Human birth".Hence even not for a fraction of second you should not think you are a "Dumb".The word "dumb' Is a dumb English word.Leave it right now.

Our mind has unlimited potential. Whatever we are ,its because of our mind and thoughts.Whatever you will be in the future will be because of you today's thoughts.People make valuation of everything else.However have you seen any one making valuation of Mind and soul?

I have written enough on the power of our mind in my "Mind and meditation "section.

Thats why I say make efforts,make efforts.Why ?Most of people think if we make efforts and they go in vain .Thats it.Its a waste.

Listen - Whatever you do .its not a waste.It comes along with you in each birth.

Bharata was a son of Rama.during his last days of life he was doing penace and Sadhana and he saw a baby deer deserted by her mother. He liked it too much and he took it to his place and it became his favourite till he died. In his next birth he took a birth of a deer due to his deep love towards deer but this deer used to be alone from the group and sit silently for hours together.Why ?Our Puranas say whatever efforts you put during this life it is carried forward.Its like Future contracts.Each contract is like a each birth.Price is like your efforts/mind/soul.Say price of Nifty on 31st July 2011 is 5500.Now contract expired.

On 1st of Aug also price remained same ,May e 20-30 points here and there ,But a new contract.Like this our efforts also go with us birth by birth.....Hence make maximum efforts.There is nothing in the world which your mind cannot understand.What if I die tomorrow? No bothering.Just think only contract has expired.Price will continue...

Regarding my friend Murthy's comments:I am not at all angry or furious at him when I told him "A kettle kept upside down cannot be filled with water".I never imagined all of you will be so much affected by that reply by me.What all I told him was "Lets appreciate efforts of others.Lets be gentle and caring while pointing out mistakes".One of my elderly relative always told me "You get you what you search for.If you search for mistakes you get mistakes, if you search for best of the things ,you get best of the things,if you search for success ,you get success".

Infact I am gratefull to Murthy for those comments as later I thought
"Why I did that typo"?
Answer "I was just 6/10 in typing.
Then a question "Why can't I make it 8/10 or 9/10 in typing which can plug in these typo's?

I have decided to improve my typing skills further.Thats how I take things positively in life.After all we are all on this earth to make the best out of this life.There is no time for making big issues out of silly things.....Isn't it?

 

[Raghavacc]

Re:AN UNAVOIDABLE CHAIN CALELD KARMA

Person gets birth.One is born is a rich family.Another in a poorest family.The person born in poor family has all the talents,still he struggles a lot for his education,then for his job and to make it to middle class its takes him 40 years.

The rich person gets whatever he wants and he never faces any kind of issues with his education ,job or finance.

Now there are 2 business man .One extremely talented .He toils hard, he puts all of his physical and mental energy .still he piles up losses.

Another is a mediocre businessman,not highly talented ,still he is highly successful.

2 male children in a same family.One is born and is very gorgeous.Anotehr is a handicapped.

An office goer says this to his wife " See I have been slogging for 20 years".Still I travel with a Bajaj Chetak. Look at Bajuwala,he joined a Software 3years back and now he bought Honda City,He has got 2 sites."What am I up to?

For some people things make the way automatically.Whatever they do it turns in to gold.For some one else nothing works.Whatever efforts they put ,it tuns to be a failure.

The above questions are facts of life and haunts every born human being.The common man on the street suffers from this peculiar phenomena and struggles and juggles by this puzzle. Why to me ?Why ?why?why?

Neither science nor math nor logic can answer these questions bacause all of them deal with materials.

Our Rishi's always lived for true meaning of life.They always wanted to know after all what is that makes us so different.Rich,poor,healthy,diceased,talented,illiterate ????

The answer they found was "KARMA". Newton said"Every action has an equal and opposite reaction".He said it in 17th Century.

However this theory was originally Conceived by our Rishi's 5000 years ago itself!!.They told each of your action will have a reaction.

Now this richness ,poverty ,good health,dicease all these are because of our past deeds ( Either good deeds called as Punya or bad deeds called as Paapa).It chases we people from birth to birth.

Continued.......................

 

[Raghavacc]

So that Paapa or Punya gets accumulated and decides our day today beings.The same we call as luck.

Luck is nothing but a force beyond our control.My grandfather always says "God is neither good nor bad.He/she is like fertile land.he gives you back whatever seeds you put.You put mango seed.You get mango's.You put weeds, you get weeds".

Kabir says " होए पेड़ बबूल का आम कहाँ से पाए कबीर !..."

Hence whatever we do, even the tiny things will have its reaction on our future life.It means noble deeds noble results and vice versa.

Purandara Dasa says " when wealth comes searching for you ,you go searching the needy and do handfull of charity".

But what we do when we have good times and Bank Balance?.Simple. when we have good times our temples are the Bars, our God is brandy's and whisky's,we worship shopping and celebrities.

Kabir says "दुःख में सुमिरण सबा करे
सुख में करे न कोई
जो सुख में सुमिरन करे
तो दुःख काये को होए कबीर!
तो दुःख कए को होए......"

He says 'you forgot to do good things when you had good times.If you do good things in good times,where is the question of bad times?

In trading doing good things means adding to the winners I suppose.!!

LETS DO BEST OF THE THINGS WHEN WE HAVE HEALTH AND WEALTH SINCE BAD TIMES CAN BE ROUND THE CORNER.IT CAN BE NEXT MINUTE, NEXT HOUR, NEXT DAY.

Continued......