Some of my forecasts

[4xpipcounter]

BTW, watch for some more huge volatile moves in the Indian markets. I'm aware there was a holiday on Monday. One thing that is common with all markets, and that is they don't really rest. This can be noticeable in the strong spikes you get on Mondays. It is simply making up for 2 days off. All the markets, except the Indian markets were open on Monday. Now the Indian markets really have some lost time to make up for.

 

[ashwani chadha]

Re: Reliant

Ashwani, thank-you! That once again shows my unfamiliarity with Indian markets. One my platform is says, "Rel Ind", so I thought it was Reliant.

dear paul,i was not still aware that you are an indian gone to usa several years back and settled their or an american but now i feel you are an american not an indian settled in america but still if you will clear i will be thank full( rel ind )stands for reliance industry

 

[prst]

BTW, watch for some more huge volatile moves in the Indian markets. I'm aware there was a holiday on Monday. One thing that is common with all markets, and that is they don't really rest. This can be noticeable in the strong spikes you get on Mondays. It is simply making up for 2 days off. All the markets, except the Indian markets were open on Monday. Now the Indian markets really have some lost time to make up for.

hi,

generally is it good to trade after 10(after 1 hour of market open)?
some of the books advocate this philosophy.
what u feel about it ?

 

[sanjosedesi]

Re: Reliant

dear paul,i was not still aware that you are an indian gone to usa several years back and settled their or an american but now i feel you are an american not an indian settled in america but still if you will clear i will be thank full( rel ind )stands for reliance industry

Google for his username and go to his blog and you will find his true origins. He is one guy who does not care about fundamentals and can give his analysis by just looking at the charts. That's why the confusion on reliance / reliant. Similarly if he does not know that reliance is part of nifty or if nift is part of reliance (I think he knows by now), don't be surprised. you will get forecasts either way.

 

[4xpipcounter]

Re: Reliant

Ashwani, I have never been in India. I was born in America, but lived 2 1/2 years of my childhood in the UK. OTT, I've always lived in America.

I am in this forum, because I like it here, the people, and the value system. I just feel good about this forum. I follow the Indian markets, because that is what people want in this forum.

dear paul,i was not still aware that you are an indian gone to usa several years back and settled their or an american but now i feel you are an american not an indian settled in america but still if you will clear i will be thank full( rel ind )stands for reliance industry

 

[4xpipcounter]

Uploaded with ImageShack.us

PRST, I would agree with you if it is wanting to avoid huge volatile swings. OTOH, a look at the daily on Nifty shows all the gaps in the downtrend, which is points that would have been missed in that downtrend.

Personally. I've mentioned this before, but I use my charts as a road map to guide me to a final destination. This may be a daytrade, or positional type of trade, but if a point is on my radar, I stay in the trade until it is hit.

In essence, I am saying both of our perspectives are right based on how we trade and all other methodological factors.

hi,

generally is it good to trade after 10(after 1 hour of market open)?
some of the books advocate this philosophy.
what u feel about it ?

 

[ashwani chadha]

Re: Reliant

Google for his username and go to his blog and you will find his true origins. He is one guy who does not care about fundamentals and can give his analysis by just looking at the charts. That's why the confusion on reliance / reliant. Similarly if he does not know that reliance is part of nifty or if nift is part of reliance (I think he knows by now), don't be surprised. you will get forecasts either way.

dear sanosedesi,i knew mr paul is an expert in technicals,i have learnt lot of things from their various posts ,he is a good friend of mine at this thread as trading for living is my profession also but i trade in commodity rather then forex,so i knew very well,that for doing technical study on the basis of the charts,we have nothing to do with the name of the company,mine was just a friendly post to mr. paul thanks

 

[4xpipcounter]

Re: Reliant

SJD, I got a chuckle out of your post based on previous conversations.

Google for his username and go to his blog and you will find his true origins. He is one guy who does not care about fundamentals and can give his analysis by just looking at the charts. That's why the confusion on reliance / reliant. Similarly if he does not know that reliance is part of nifty or if nift is part of reliance (I think he knows by now), don't be surprised. you will get forecasts either way.

 

[4xpipcounter]

Re: Reliant

Ashwani, we are all friends here. I'm sure the motive behind SJD was to direct you to my blog in order to clear up my background.

LOL, anyone that has read this thread to any degree probably knows I don't give a hoot about FA's

dear sanosedesi,i knew mr paul is an expert in technicals,i have learnt lot of things from their various posts ,he is a good friend of mine at this thread as trading for living is my profession also but i trade in commodity rather then forex,so i knew very well,that for doing technical study on the basis of the charts,we have nothing to do with the name of the company,mine was just a friendly post to mr. paul thanks

 

[4xpipcounter]

CHF/JPY update

Uploaded with ImageShack.us

The first major support was hit by this freight train at the top of the daily cloud at 96.06 (actual dip--96.12). It is very possible to see a correction back to the WR1 at 101.38.

I didn't mean to include the RSI in my analysis. I was experimenting then left it there without thinking.