Priyanvada's chit chat home ...

[SavantGarde]

a) You Will Always Have Over Billing Issues With Reliance...Therefore Forget & Let It Die.

b) Best Service Is Still MTNL, If It Is Available Get That & It Is Quite Cheap For Unlimited Plan & Speed Is Excellent.

c) EDGE & GPRS Are All Pathetically Slow They Don't Even Need Any Mention.

SavantGarde

Prasadam, Rajesh Sir Or Savant Sir,

just want your opinion ...

I had bought Reliance Netconnect Rs. 1100/- per month postpaid plan, with the instrument costing me 3500/- ...

10 GB was my monthly limit ... and while watching informed trades and other stuff I made it 11 GB ... They Cut my connection and charged me 3800 Bill ... ...

I never payed that ...

Now after 20 days they have emailed me a New bill 1800Rs. ...

It seems I have bought a put and I am heading to reach AT the Money!


Meanwhile I have bought Airtel EDGE connection ... 700Rs./month and unlimited usage ... which is working so so ...

So whats your opinion what should I do ...

Pay for Relaince (Since the net speed is mind blowing) or wait till expiry ???

 

[prasadam]

@SG & rajesh,

forgot to mention.

atleast one astrologer is expection 50% correction in stock markets as well as gold.

http://www.mahendraprophecy.com/LatestFlash.asp?Pyear=0&page=1#year

 

[SavantGarde]

50% Correction.....

Let Me Tell You We Are.....We Are Going To Take Out The Historical High First Before Their Prediction

SavantGarde

@SG & rajesh,

forgot to mention.

atleast one astrologer is expection 50% correction in stock markets as well as gold.

http://www.mahendraprophecy.com/LatestFlash.asp?Pyear=0&page=1#year

 

[priyanvada]

@ priyanvada

before answering your question,

I want to know the logic behind this experiment, and I am sure it will answer your question. so, kindly explain the logic.

Lemme have my dinner .. then i will explain the logic is and what I am searching for!

 

[priyanvada]

@ priyanvada

before answering your question,

I want to know the logic behind this experiment, and I am sure it will answer your question. so, kindly explain the logic.

A)
... I put some conditions in front of me and carried out a study on nifty stocks... Conditions are ...

1. You are allowed to day trade only once in a given stock.
2. You know in advance what will be days high and what will be days low!
3. You will day trade only in nifty Fifty stocks!

With above conditions what stocks will you choose for day trading??

I thought those stocks should be preffered most in above case,which show a ratio of {(Days High - Days Low)/Stock price} consistant and higher than average ratio of all Nifty stocks ...

I know reality is very much different than that stated in above conditions... but I was puzzeled on how to filter out stocks from a group stocks which are statistically more prefferable than the other stocks in the group?...

... then Savant Sir have advised me to Observe!... because statistics may tell something true but we should obseve in many intraday situations to face better REAL truth, as How much standard trading opportunities (example: - BB pierce or compression and so on...) a given stock gives ?

...This thing should only decide wheather a given stock is more worth for day trading than other ones in the field or not?!

B)
Liquidity/Price behaviour: -

In the days of weekly Blue, I was experiementing with your BB (9,2) system for 1 minute charts ... for standard entry and smart exit!

Examples: -

I) Unitech price behaviour shown very much uniform price behaviour but low in ration: -

II) DIVISLAB as per Savant Sirs suggestion shown superb score in the ratio study but very non-smooth price behaviour to trade easily in 1 min scalping ...

So this way selection of say 10 to 15 stocks beautiful stocks for trading through BB(9,2) Standard Entry and Smart Exit is a real problem for me now ... Only observation as per suggestion of Savant Sir can solve this ... with little help from priyanvada's statistical lab for initial range filtering!

... And like BB(9,2), i want to select RIGHT stocks for BB(20,3) for 10 minute candle... and finally backtest them for last 3 to 6 months, and finally day trade with Relaxed mindset!

You have suggested ATR ... I want to know how it can help me in selecting stocks for day trading????!

 

[prasadam]

If you have to give a name to the difference between high and low, will you name it as range or true range?

 

[prasadam]

ok.

so, what you have done is find out the true range in priyanvada's way.

ATR14 = average true range of 14 bars.


ATR21 = average true range of 21 bars.

=> what I have asked you is to verify the trailing 14 day true range of the stocks you have selected using monthly averages.

got it??

 

[SavantGarde]

How Come Your Stochastic Setting Is Showing (3,5,3)
It Should Be (5,3,3) Or (5,3,4)

SavantGarde

 

[priyanvada]

If you have to give a name to the difference between high and low, will you name it as range or true range?

... I don't have any problem by calling it Range or true range,...But these words are still strangers in my dictionary ... I am still yet to get used with them and I am still not sure of their exact meanings

Anyway heres an email I received from Mr. Sharekhan, I wish you tell what it means??

This refers to the outstanding position you had in respect of Settlement Number # 116

The 3 Cipla Ltd. shares sold by you and not delivered were auctioned @ Rs 268.0167/- aggregating to Rs 804.05/-.

We have debited your account to the extent of the above sum.

Please feel free to write to us in case of any further query and we shall be glad to help you.

Too late now, time to switch off my eyes ...

Early to bed n early to rise...
Priyanvada is getting wise!

 

[priyanvada]

How Come Your Stochastic Setting Is Showing (3,5,3)
It Should Be (5,3,3) Or (5,3,4)

SavantGarde

Yea.... I have already asked Prasadam one million times about that ... but somegow didn't got the exact answer as what is what!