NIFTY 50 future TRENDS
- Thread starter sudoku1
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I don't agree with that chart is intuition plus interpretation which you see fundamentals are realty. None of the businesses in the world work on charts alone fundamentals are stepping stone for it. Even when u use your chart you need the fundamental knowledge of the charts. So its ridiculous to say what comes first. Its like a discussion on what came first hen or egg.
Furthermore besides your chart if you know the local market well you can predict almost everything even before your charts. Everyone knew through their daily activities that prices for food are going up but market peaked out much later and tanked much later chart gave sell signal months later.
If you know the business around you, you can never be let down. Just a bit of general awareness is required too not just simple trading and reading charts that is what i believe.
Furthermore besides your chart if you know the local market well you can predict almost everything even before your charts. Everyone knew through their daily activities that prices for food are going up but market peaked out much later and tanked much later chart gave sell signal months later.
If you know the business around you, you can never be let down. Just a bit of general awareness is required too not just simple trading and reading charts that is what i believe.
You have a strategic choice. Either you can anticipate a move or react to a move.
In anticipation you enter ahead of a move hoping the move will continue inthe direction of primary trend.
Or in an exhaustion kind of setup you are enteringin anticipation of a trend reversal.
Value investor are also anticipation kind of trader. They anticipate that market will recognize the value in the identified stock and that is why the stock will go up.
Reaction kind of traders are breakout traders, trend followers, momentum traders, and growth investors. They react to a breakout or trend change or growth in sales or earnings. They wait for a proof before making trading decision.
In any time frame you can build a strategy based either on anticipation or reaction. A day trader can have a anticipation strategy where he pre identifies opportunities and enters them in anticipation of move. Then there are bulk of traders who are reactive day traders. They react to news, reversals, breakouts or exhaustions.
Both approaches offer opportunities for profitable method building. Once you decide on your basic approach you can find several ways to execute them.
In anticipation you enter ahead of a move hoping the move will continue inthe direction of primary trend.
Or in an exhaustion kind of setup you are enteringin anticipation of a trend reversal.
Value investor are also anticipation kind of trader. They anticipate that market will recognize the value in the identified stock and that is why the stock will go up.
Reaction kind of traders are breakout traders, trend followers, momentum traders, and growth investors. They react to a breakout or trend change or growth in sales or earnings. They wait for a proof before making trading decision.
In any time frame you can build a strategy based either on anticipation or reaction. A day trader can have a anticipation strategy where he pre identifies opportunities and enters them in anticipation of move. Then there are bulk of traders who are reactive day traders. They react to news, reversals, breakouts or exhaustions.
Both approaches offer opportunities for profitable method building. Once you decide on your basic approach you can find several ways to execute them.
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