Random thoughts on technical analysis

[columbus]

One can start accumulating RCOM in small lots in the range 380~360.

 

[praveen taneja]

alex sir want to know one thing more how u make so sexy charts with good figure on them??????????????

 

[orderflow13]

alex sir want to know one thing more how u make so sexy charts with good figure on them??????????????

lol wt a sense of humor
answer is cuz m born charming,else follows with ease .....

 

[orderflow13]

Alex, can you pls post your views on RCOM?? it seems to stand on its support of 380.. not moving much... any views?

macd is showing clear bullish divergence, stock is on its long term support, for equity trader it wil be crime if he wont buy few quantity now, for future,or margin trader it will be wait for consolidation on the range of todays high,low,so adx will turn positive, rsi will start rising as well n i wont surprise it will go to touch 440 quickly.
p.s. underline market is weak on chart, so wait for underline market to bcome steady.

 

[orderflow13]

Global rap up

Currency seems all set for correction. it might again stop our falling rupee a bit.
And that might give some support for infy n rise in commodity cuz of this might trigger or commodity heavy ( 31 % ) index jump from 3900 levels?
offcource its all assumptions,but if i want to invest i will start doing 2morrow it self, bit by bit

 

[orderflow13]

s&p must stay abobe 1250( fib level).if in three days (5 trading days by half = 2.5 )we remain above that we in consolidation to bullish move.

 

[orderflow13]

GLOBAL WRAP UP II

Market is interlinked with each other
p.s. whoever new to trade plz dont think that market is so complicated.I am also new to trade in many ways.market is very simple and easy.What i try to post here are random thoughts on technical analysis.
By observing nifty at first is good for every one

 

[orderflow13]

Chart Diary​

"Show me a trader with good record keeping habit,I will show you the successful trader "- Sir Alexander Elder.
We all here come together to become a successful trader.so start keeping our trading diary with our chart patterns to back test our results.
My views on state of art softwares are very clear.They may have facility of backtracking your system,strategy,success ratio,but they dont have back tracking system to detect the fault in your mental behavior.
Logic is Simple any master softwares in the world are not connected with your brain.when you see the signal on the chart which makes you interested then make a note on it,type why you like this signal,note the day,time and save it on separate folder on pc.
When you look back at charts after months,days,a specific pattern emerge through all those saved charts.
That patter will be pattern of your brain.
Now what you look in the chart? what you look in the tape? which signal to look for?what it must indicates?how we interpret it?Then i say dont bother wt u should see and interpret,just note it down what you felt,n keep studying the books,threads on market, you will see the filtering process of your technical analyst brain .You yourself will come one day with ur own system.
As long as i go .i am still learning markets,i am way behind to achieve the goal,i am just sharing the thoughts cuz we might help each other.
when i see my saved charts through years,only one pattern emerges.... trees and flowers,rivers and mountains just kidding.
I may have skipped the homework in school,but this homework may costs me the fortune.
Alex

 

[orderflow13]

 

[orderflow13]

Turning point by many way
Today,rising dollar fall globally,hope it may give our rupee some breathing space,and weakening dollar will now create a bullish move in commodity's, gold rose up to whopping 11 % in one day!!,crude rose 6%, and s & p turn very bearish now,parabola sar getting steeper,and nasdaq indx cracked today,historically nasdaq often leads to the overall index.
A rising commodity means higher inflation,and now if dollar getting weaker we dont have any chances to lower our inflation below 10. We in a big trouble fundamentally,at least for a shorter turm.
What worries me is the gain in gold.As historically gold supposed as a good bet against inflation and uncertainty.Rising gold indicates rising insecurity and disbelief on equity markets .
Plus i must add vix ( us) rose higher ( 36),that means we have consolidation for coming days,and hope weak hands wiped out,but it can go more higher.