Random thoughts on technical analysis
- Thread starter orderflow13
- Start date
Auro Pharma seems to have finally cross the supply zone. However a not of caution as the volume has not come in...
Chart with targets enclosed.
Chart with targets enclosed.
well i calculated ..the free float of auro pharma,its aprx 130 lakh,( assuming corporate houses are trading with half of there total holding,and half stocks they locked,)also promoters aprx 45 % holding is in materialized form(as usually most of promoters prefer).and todays delivery % is 40% that means tomorrow on open in 30 min( expectin market open high)they will bid the stock higher and then start dumping there shares,as they doesnt seem to keen on hold there shares.
Last edited:
C
you gotta explain me the significance of Adx, I mean not just the +DI above the -DI, I still cant figure the ADX movement...
Bought crude with stop of 109
Aurobindo the Histogram is giving divergence... bullish if 360 taken out, but dont know your profit take, maybe by then you would be out ? 38 % retracement comes to 462 of the entire fall, but of the recent fall comes to 357 from where its turned twice...
Bought crude with stop of 109
Aurobindo the Histogram is giving divergence... bullish if 360 taken out, but dont know your profit take, maybe by then you would be out ? 38 % retracement comes to 462 of the entire fall, but of the recent fall comes to 357 from where its turned twice...
Last edited by a moderator:
as u hv pretty good idea,adx is gives signals whether market is in trend or just in consolidation,when adx is at 40 market is in super trend(it will be up trend or down trend,as adx originally hasnt design to show bullish or bearish signs,it designed to show only whether its trending or just trading)and when it is below 20 market is in consolidation,so we wouldnt take any positional calls there( i discovered this few months back to write call or put,on this level,as market not in trend i can earn premium,with option expire worthless),here what i look in adx ... if adx bottoming out from below 20( anything 0,10) then i take positional call,and when it turn upwords as it crosses above 20,then i start pyramiding ( adding position with each rise)and when it in 40 zone i look very closely if adx turning down( to foresee if it will turn down or not i look at the gap of +di & - di ,if gap is feeling adx will turn down more often than not) and here its very very imp,i learned by hard way 
if adx is above or near 40 then divergence signal fails mostly(i mean divergence of macd,rsi etc. is bearish & adx bullishly around 40 then divergence fails)& funnily it start sucking stop losses & market moves viciously,( before that in few trades i suffer losses as divergence failed thanks to 2% stop loss rule),latter i learned that,most black boxes( auto trading softwares which rumored hedge funds operate)gives buy signal when show divergence,and it create lots of volume as there s/l get triggered,as mostly in trending market divergence tend to fail and market moves on n on ...same way going downwards,if turning below 40 u can think of short n all those things ,but i didnt yet used this adx for trading a short yet,as after picking this indicator i hv got six month old bear market,might be we both and all other members use successfully by discussing & planning & eliminating the errors...... thats it,that much i knw about adx czar,n other beginner members who dont have any idea at all about adx then they can just google adx,...as here i didnt explain from start,so sorry for that.
p.s.sorry if i repeated few things u already knew, czar
if adx is above or near 40 then divergence signal fails mostly(i mean divergence of macd,rsi etc. is bearish & adx bullishly around 40 then divergence fails)& funnily it start sucking stop losses & market moves viciously,( before that in few trades i suffer losses as divergence failed thanks to 2% stop loss rule),latter i learned that,most black boxes( auto trading softwares which rumored hedge funds operate)gives buy signal when show divergence,and it create lots of volume as there s/l get triggered,as mostly in trending market divergence tend to fail and market moves on n on ...same way going downwards,if turning below 40 u can think of short n all those things ,but i didnt yet used this adx for trading a short yet,as after picking this indicator i hv got six month old bear market,might be we both and all other members use successfully by discussing & planning & eliminating the errors...... thats it,that much i knw about adx czar,n other beginner members who dont have any idea at all about adx then they can just google adx,...as here i didnt explain from start,so sorry for that.p.s.sorry if i repeated few things u already knew, czar
i am still waiting to enter in crude,as right now prices reflecting electronic trade,when today evenin floor exchange open,then crude will reflect real prices,and sensing there is more panic,move s/l to 108( m assuming u takin position in ncdex/mcx brent crude,)& if u having exposer directly in nymax crude,move s/l 107.80...actually my one frnd havin exposer in nymax( who lives in south carolina,),he was telling this same thing & pleading me to join with him to average his trade as he was feering floor prices,..its what i feel plz forgive me if m confusing u
as he was feering floor prices,..its what i feel plz forgive me if m confusing u | Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Random | General Chit Chat | 2 | |
|
Random Ideas on Intraday trading | Day Trading | 65 | |
| D | ::my Random Ramble:: | Forex | 27 | |
| I | Are Markets Random? | General Trading & Investing Chat | 13 | |
|
Sounding Board and Random Brainstorming | Technical Analysis | 115 |