Hi Paul, this is not a question of them being independent markets. The INDL ETF is setup so as to produce 3X Nifty returns on a daily basis. Why it does not happen regularly, I do not know, but if the intention is to mimic Nifty, and if their algorithm is good, I would expect its charts to be sharper than Nifty's charts. The variation will be that since it is traded in US markets, its hourly charts will never match Nifty which is traded on a different schedule. Only daily charts should be comparable. Anyway, without the data, it is hard to validate. I was hoping that since you had DJIA, you might have INDL, but I realize DJIA is a major index. All right ...
Some of my forecasts
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The most popular ones are FAS and FAZ, average daily range is 5%, biggest move in a single day is 30%. 
Transaction charges are very high so best entry is via options.
Transaction charges are very high so best entry is via options.
I prefer INDL/INDZ because I have the Nifty data, and INDL should co-relate to Nifty. Maybe not all the time, but if you can identify the pivot points correctly, it can give significant returns without needing more charts. And since everyone talks about Nifty, my analysis is reconfirmed and this can become lower-risk [ Yeah I am still dependent on analysis from others, but while I had 3 pure-charts based trades in 2011, I have already crossed that number in 2012, so things are not so bad. ]
Sir,
Is the Eur/Gbp heading to the bottom of the Monthly cloud at .8167 ?
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Sorry, saw this post of yours after I wrote -
http://www.traderji.com/forex/48152-some-my-forecasts-305.html#post627372
Is the Eur/Gbp heading to the bottom of the Monthly cloud at .8167 ?
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Sorry, saw this post of yours after I wrote -
http://www.traderji.com/forex/48152-some-my-forecasts-305.html#post627372
Re: Eur/usd
Raj, I mentioned somewhere (I use the latter term loosely, because I can't remember where I published it.) this was one of the easiest weeks I ever had in doing the Weekly Forecast. It was like the charts were in 3D, and yelling in my ear, "This is the way it is going to be!"
As a result, this week has been a good beginning of the year for me.
Raj, I mentioned somewhere (I use the latter term loosely, because I can't remember where I published it.) this was one of the easiest weeks I ever had in doing the Weekly Forecast. It was like the charts were in 3D, and yelling in my ear, "This is the way it is going to be!"
As a result, this week has been a good beginning of the year for me.
Re: Eur/usd
One of the things being in commissioned sales for 20 years taught me is that there are going to be ups and downs. There are weeks it seems everybody hates your product. There are other times it seems they flock to buy it.
Trading is like commissioned sales. I'm sure Raj is doing well in his trading, but 2012 is off to a rocky start. I'm sure he will be making a comeback in style.
One of the things being in commissioned sales for 20 years taught me is that there are going to be ups and downs. There are weeks it seems everybody hates your product. There are other times it seems they flock to buy it.
Trading is like commissioned sales. I'm sure Raj is doing well in his trading, but 2012 is off to a rocky start. I'm sure he will be making a comeback in style.
haha don't worry raj bhai next time you will make it large everything was pretty much bearish on eur/usd there was no reason to go long ! I got a 200 point move on djia that almost killed me
! I got a 200 point move on djia that almost killed me
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