Nifty Futures Trading Part 2 (Positional)

[Czar]

lol ya & I 'm tossing the coin to find out the market tomorrow, one of the best ways to find out you know its right 50% of the times atleast, most accurate

 

[satyamsit]

A break of May 06 swing could finish any hope of the long term bull market theory... the coppock meter suggest all is not lost, but on the verge.... Abreak now & 2365 would be the next medium term target... which is the 100 month MA + 78.6 ret.

Sir, can u give me some link or other resources from whr i can read abt cappock indicator? thank you.

 

[Czar]

as I said earlier I dont read ( I belong to the illiterate population ) but had heard some talk about this somewhere... sorry but this is what I do, keep trying out indicators & making out on my own... but I'm sure If you google it you'll find lots of knowledge base... from what I have seen it signals the beginning of Bull markets... (& please no Sirs here or heads will roll )

 

[satyamsit]

as I said earlier I dont read ( I belong to the illiterate population ) but had heard some talk about this somewhere... sorry but this is what I do, keep trying out indicators & making out on my own... but I'm sure If you google it you'll find lots of knowledge base... from what I have seen it signals the beginning of Bull markets... (& please no Sirs here or heads will roll )

thanx a lot. did google and got some useful pages on it.

 

[pkamalesh]

satyam...have seen ur fibb levels charts..plzz help me doin that too..coz i never used fibbo till now...still learning about the retracements...any ways if u find time help me out with that and any useful formulas in metastock as wel....

 

[xtalk]

Czar, if you use weighted method in coppock indicator you'd get -10 value. I guess you have used exponential.

In MetaStock the Coppock Indicator is simple...create a Indicator builder and paste

Mov(ROC(C,14,%)+ROC(C,11,%),10,W);

Test it on monthly chart only.

 

[xtalk]

Czar, if you use weighted method in coppock indicator you'd get -10 value. I guess you have used exponential.

In MetaStock the Coppock Indicator is simple...create a Indicator builder and paste

Mov(ROC(C,14,%)+ROC(C,11,%),10,W);



Test it on monthly chart only.

 

[satyamsit]

satyam...have seen ur fibb levels charts..plzz help me doin that too..coz i never used fibbo till now...still learning about the retracements...any ways if u find time help me out with that and any useful formulas in metastock as wel....

Kamalesh there r no such formula for fibo projection incorporated in metastock... more appropriate wud be saying i m unaware of that. i am just a learner and still trying hard to get some idea from the charts posted hr by various seniors for last one month. what i can suggest u to get some idea on Elliot wave theory and the implication of Fibonacci in the EW (which i think more important than wave counts). i can suggest u one book u can go for.
Fibonacci applications and strategies and application for traders - Robert fischer. search it in any file sharing site by authors name, u'll get that. i got that from 4 s h a r e d . c o m. it helped me a lot. hopefully it'll do the same for u. but just for an information my favourite tool is trendline and trying to learn every bit from satyajitda's charts. and yes thats the best method. fibo will help u to project probable targets.
thank you.

 

[mitasatyajit]

 

[orderflow13]