Random thoughts on technical analysis

[orderflow13]

sir can u post the chart n stretegies u know n how u use them in daily trading really sometime i feel jealous of u that wasted life n known nothing n when u know everything n i know nothing so why waste life n share n consult u is much better .salute to u on everything just everything

lol praveen .. this thread is random thoughts on ta so i use to post different styles and methods, some milk profit by various indicators and some milk profit by chart patterns ( as head and shoulder etc.. ) and some milk profits by support and resistance ( 60 min flow is a ideal and simple method ) ,.. ways are different, aim is one ..so plz dnt be in awe of anything , just trade along with market direction ( as nw a days u seem to be doin ) thats it . imp is stick with ur whatever plan n make a plan of exit and entry b4 taking position .....
Alex

 

[orderflow13]

Sanjyot
Thank you for ur interesting observation .. i will post the chart and we confirm few things .. seems we getting fib no. on time basis. lets see

 

[praveen taneja]

lol praveen .. this thread is random thoughts on ta so i use to post different styles and methods, some milk profit by various indicators and some milk profit by chart patterns ( as head and shoulder etc.. ) and some milk profits by support and resistance ( 60 min flow is a ideal and simple method ) ,.. ways are different, aim is one ..so plz dnt be in awe of anything , just trade along with market direction ( as nw a days u seem to be doin ) thats it . imp is stick with ur whatever plan n make a plan of exit and entry b4 taking position .....
Alex

sir i left a query to work for tomm in nifty fut trading but i think no one hav time for replying a silly question can u pls throw some light on that .Want to buy RIL 2100 call n 1800 put tomm around 40 so wherever RIL move 100Rs i will b in profit + one free call or put ur view will b appreciated

 

[orderflow13]

praveen
i will post ril chart here n share my views .. sorry dint reply b4 .. as m bit mixed in few things

 

[orderflow13]

sir i left a query to work for tomm in nifty fut trading but i think no one hav time for replying a silly question can u pls throw some light on that .Want to buy RIL 2100 call n 1800 put tomm around 40 so wherever RIL move 100Rs i will b in profit + one free call or put ur view will b appreciated

seems good strategy but i assume volatility ( vix ) is on top u may loose out with premium better clear position before Friday

 

[orderflow13]

Hi guys,

I just wanted to share my observation during Bearish Mkt trend. Pls let me know if this is true in your experience. (Pls observe the Figures)

Observation :
(Starting from Jan Top Sensex 21200)
1. First correction took 9 days and Sensex TOP/Int. bottom gives multiplier OF 1.382
2. Then upmove started which lasted for 10 days which gives a multiplier of 1.232 (just divide int. top by previous int. bottom)
3. Then Sensex dropped down for 31 days giving the multiplier of 1.287
4. Again mkt went up for 30 days to give multiplier of 1.208
5. Then MKT tanked again for 51days to give multiplier of 1.417

Till this stage mkt has given a perticular shape and from here onwards u will find a mirror image !!!

6. Now mkt went up for 30 days giving a multiplier of 1.215 (Compare with 4th step)
7. Mkt again tanked to form a new bottom which was today taking 34 days and a multiplier of 1.282 (Compare wit 3rd step)
8. If this is the int.bottom.... My guess is that mkt is in upmove to give us int. top of @ 15400 (compared with 2nd step) and will take little over 10 days to complete.
9. Then mkt may tumble down again to form a LONG TERM bottom @ 11000 which again would most probably take more than 10 days....
10...LAST one observation from hereon mkt will consolidate for min. next 50 trading sessions to form a bottom... in this consolidation it may b possible that mkt may go below 11000 or maynot go.

I have checked this mirror image with previous Bear Mkt during 1992 and 2000 You also check if its true to certain extent. All experienced people pls give your feedback on my OBSERVATION.

If this observation is helpful You may get benefit out of it... since... it cud predict the future course of action.....
HAPPY TRADING !!!

Sanjyot

MY OBSERVATION WITH NIFTY
matches u but i didnt get 1992 -2000 data .. but 2000 to 2003 bear market has a mirror image with this bear market .. at least Elliot waves are same ... thanks for posting as i also got my view clear

 

[orderflow13]

Come up with a thought ( Random as usual ) a home work for all
Providing the link, take a personality test ( click on test for traders ) come up and post ur results, and along with that tell me how u want to trade the market , swing, intra, positional, investment, option writing .. or whatever comes in ur mind ( trading by tossing the coin also included )
http://www.marketpsych.com/personality_test.php#T4
Alex

 

[orderflow13]

working on this indicator

Logic of this indicator is to figure out how smart guys operating, and whether short positions building or long in derivative segment ... aslo back testing how much we must rely on this p/c ratio o.i. indicator ......

p.s. so sorry for no new posts in last week, as figuring out how fchart pro works, and trying to back test few user define indicators )

I finally come up with something like what i wanted.Thanks to the traderji members after digging past threads ( most are of 2006 ) i figure out how to write formula for a software and make ur own indicator.For a guy like me who always scared of sw this was nothin more than a miracle.

I was always dependent on open interest put call ratio, most active calls and puts and adx. I somehow made a o.i pcr and Most active call and put graphical chart

 

[orderflow13]

By alex_laxya

Amazed by dow jones gyrating 600 moves daily ? thinking dow is so volatile ? see the above chart, dow jones ( or s & p 500 ) is at bottom.
No wonder indian market is on top 2.Thinking china is more volatile than us? china is below us in comparison.We r exact match with hang seng.See the 4% moves ( with black color )
Asian markets are more volatile than euro and american markets.
What we can get from it ? well there are few indicators which are very old but not in use.Best ex. is parabolic SAR, it was invented in us in 1980s , unpopular because when market is rangebound it gives mixed signals.
But in comparison our market has no match with america. About range market, we make big moves and swings are big, so those indicators which not suitable for american market we can use it in our favor.

 

[orderflow13]

By alex_laxya