Stocks To Keep A Close Eye On

[SavantGarde]

Hi Vicky,

I Know While You Are Fired Up To Learn Everything....Let Me Assure What You Have For The Time Being Is Enough....For Short Term, Long Term & Intraday.....

You Know My Friend, What Is The Definition Of Poison ?

Allow Me To Answer That...

Anything Consumed In Excess Is Poison....One Could Perish By Consuming Too Much Water Too...

Therefore, Master What You Have, Anything New That You Learn, Please Share It With Us All, So We Can Too Learn New Things

Everything Else That You Want To Learn, Including RSI, MACD & Etc....

Will Happen In Due Course....

Happy & Safer Trading

SavantGarde

Savant Sir,

I have too much to learn from you. My knowledge might seems a nothing in front of you.
Can you throw some light on the relation between RSI, MACD and ROC?? Does it has something to do with the MA calculation involved??

 

[SavantGarde]

Hi Sameer,

You Can See From My Triggers How Most Stocks Have Already Crossed Their Bullish Crossover....

Infact You Will Start Seeing SELL Triggers In A Couple Of Weeks

If SMA Crossovers Don't Give You Any BUY Triggers, Others Such As RSI, MACD & ROC Will Also Not....More On How These Can Be Helpful Will Try To Answer Them Over The Weekend

I Trade Forex & It Is Live 24 Hours From Monday To Friday, That Is What Takes Up Most Of My Time.

Most Of The Stocks That I Have On My List Are Already On BUYHOLD, Cant Say About The Others, Moreover When You Scan For Them Scan For Good Volume & Stocks & Disacrd The Illiquid Ones

Happy & Safer Trading

SavantGarde

Hi Savant

I am really delighted looking at the quick reply.

Actually, the previous question stems from another doubt in my mind. I have gone through all the pages in this thread trying to pick up the gyan scattered in between the recommendations and discussions.

I understood the SMA(5,6) and BB(9,2) concept. I tried running a query on my system using SMA(5,6) filter for BUY side but didnt get that crossover happening in last 2 days. So in cases when the markets move up for 7-8 sessions continuously, this might not throw new opportunities and i guess using other indicators will come to rescue.

I wish to understand how to use the indicators like RSI, MACD, Stocs when SMA doesnt work!

Not sure if my doubt makes sense

Regards
Sameer

 

[SavantGarde]

Doc,

Remember, I Had Said Something About My Other Thread 'Nifty Intraday Pivot Points' While Speaking To You On The Phone.....

The Actual Pivot Given There Is A Good Clue To What Can Happen During The Market.

Just Check Yesterdays Pivot Point....& Notice How Low It Is Compared To The NF Close.....

I Know It Is Not Much Visited But Clues There Are Very Important

'JAI BABA'

SavantGarde

Ok. Other Way Round When Most Of S/L's Executed Then It's Due To Consolidation. Just Kidding Captain

Don't Know Much About Consolidation, Well I Know The Word But What It Is Doing In Stock Market? Let Me See....

Thanks.

 

[SavantGarde]

No Fresh BUY Or SELL Triggers For 17th April 2009.

Everything Is As It Is.

Happy & Safer Trading

SavantGarde

 

[docvijay4u]

I Will Check Out It Today. It's Not Visited Much? I'm Sure It Will Be Flooded With Discussions(Like This One), As Always 'When Time Comes.'

Thanks.

Doc,

Remember, I Had Said Something About My Other Thread 'Nifty Intraday Pivot Points' While Speaking To You On The Phone.....

The Actual Pivot Given There Is A Good Clue To What Can Happen During The Market.

Just Check Yesterdays Pivot Point....& Notice How Low It Is Compared To The NF Close.....

I Know It Is Not Much Visited But Clues There Are Very Important

'JAI BABA'

SavantGarde

 

[docvijay4u]

Yes, My Friend I Think Following Steps In My Post Explains It Pretty Well:

- Please Make Sure To Remove Dotted Lines, Code Is In Between Those Dotted Line. Then Go To Analysis > Formula Editor > Paste Code Here > Rename > Save. Now It Should Appear In Custom Folder.
- To Plot SMA And BB Just Drag 'n' Drop AFL File In Custom Folder To Graph. Please Check Rajendrani And PKamlesh Post From This:
http://www.traderji.com/equities/eq...uities/equities/amibroker/27...is-system.html.
- If You Want Scan EOD Data For Trigger Then Go To Analysis > Automatic Analysis > Pick AFL > Select Date For Which You Want To Scan Data > Hit Scan. Aaha....!!! Now You Should See Triggers.

Doc, thanks for the AFL. Doing that scan thing, does Amibroker scan through the database at the scan behest to give you buy and sell signals ??

Yes I Agree. But He Is Not Against Though. Initially I Traded On Few Stocks Which Have Volume Around 2.5L Or More. But I Ran Into Few Problems (Like Stocks Going To Auction When I Sold Them < T+2 Days), I Had Long Conversation On This Topic With SavantJi. So He Suggested Me To Trade INITIALLY Only In 'Highly Liquid Frontline Stocks'. So I Decided To Trade With Those Stocks Only, Until I Gain Some Confidence. You Might Have Read In My Post 'To Find Best Suited Way For You', So It's UpTo You.

Also, somewhere in this thread or maybe other, I think Savant Sir has said that he doesnt believe in volumetric trading. Maybe I am mistaken as my memory isnt so sharp.

Thanks For Chart. Uptil Now My Focus Is Only On SMA, BB So Let Us See What SavantJi Speaks About Other Indicators.

Coming to the nifty going down. I think it has do with the Nifty being oversold for a quite sometime on RSI(14). You can check the chart attached.

Partly You'r Right. In Bullish Market If We See Sell Triggers They Are Not Going To Make Us Happy, Rather They Can Be Used To Exit Previous Long Position(If Any). You Can Always Check Those Sell Trigger For Next Day, And See Yourself What It Tells You. But If You Check Buy Triggers On 2'nd April, Needless To Write Long Post, Charts Will Tell You The Whole Story. Don't Let Those Arrow In Software Decide Your Triggers. Our Eyes Are Much More Powerful Than Those Arrows To Pick Golden Entries.

With that being said,the golden entry rule fails on 2nd April as, it looks like a sell crossover but isnt.

Thanks.

 

[docvijay4u]

Lot Of Sell Triggers From Yesterday:

16 April- 10 Sell Triggers, 1 Buy Trigger
17 April- 22 Sell Triggers, 4 Buy Triggers

Thanks.

 

[vicky_ag]

Hi Vicky,

I Know While You Are Fired Up To Learn Everything....Let Me Assure What You Have For The Time Being Is Enough....For Short Term, Long Term & Intraday.....

You Know My Friend, What Is The Definition Of Poison ?

Allow Me To Answer That...

Anything Consumed In Excess Is Poison....One Could Perish By Consuming Too Much Water Too...

Therefore, Master What You Have, Anything New That You Learn, Please Share It With Us All, So We Can Too Learn New Things

Everything Else That You Want To Learn, Including RSI, MACD & Etc....

Will Happen In Due Course....

Happy & Safer Trading

SavantGarde

Savant Sir, I agree with you on the excess becoming a poison . But, I disagree to it when it comes to knowledge. Knowledge can never be poisonous, you have so many things to learn in your life.

I see your point once it comes to that I am a novice trader who might get overwhlemed by number of indicators but, I have been trading in forex for over a year so, in Indian stock markets definitely a novice but as a trader not a novice. I have been scalping around a 100 pips a day using just an single MA . I am not one of those who base decisions on chart patterns they seem too difficult to understand.

Also, I am not a fool to put my foot into something I dont fully understand. Indian markets are very different when compared to forex. Or to quote you, every market has its own dynamics. Add to this, the fact that I am a scalper but not a position trader. In forex, while I get away with picking wrong position by straddling, stock markets dont allow such a thing. If I made a wrong buy in stocks , I can only sell and not short sell as in case of forex(opening two positions taking profit in one and loss in one). My true love lies with intraday(cause of my scalper nature) but to do that I need to understand, some position and swing trading.

The reason I am into stocks when I can play the big bad game of forex is due to pain in withdrawing the money from my forex brokers.

I have used RSI, MACD etc. and understand the use and calculations and to some extent the relation. But, ROC(rate of change, looked it up yesterday ) is something totally alien. I would like to know more about in and the correlation of it to other indicators.

Hey, maybe we talk sometime, preferrably web chat, cause I have a speech problem.

 

[SavantGarde]

Hi Vicky,

It Was Never Implied That Too Much Knowledge Could Be Poison, What I Tried To Explain With The Analogy Was Give Time To Master What You Have Thereafter You Can Delve Into Other Things Or Even Use Them With What You Are Comfortable.

Anyways, Now Coming To Explanation Of Everything Else That You Want To Know....Will Try & Do That During The Weekend.

Am Really Surprised, With Your Decision To Jump Into Stocks Being A Forex Trader, I Too Trade Forex & For The Kind Of Money That Is Made Therem Can't Imagine Trading Stocks Except Derivatives.

Happy & Safer Trading

SavantGarde

Savant Sir, I agree with you on the excess becoming a poison . But, I disagree to it when it comes to knowledge. Knowledge can never be poisonous, you have so many things to learn in your life.

I see your point once it comes to that I am a novice trader who might get overwhlemed by number of indicators but, I have been trading in forex for over a year so, in Indian stock markets definitely a novice but as a trader not a novice. I have been scalping around a 100 pips a day using just an single MA . I am not one of those who base decisions on chart patterns they seem too difficult to understand.

Also, I am not a fool to put my foot into something I dont fully understand. Indian markets are very different when compared to forex. Or to quote you, every market has its own dynamics. Add to this, the fact that I am a scalper but not a position trader. In forex, while I get away with picking wrong position by straddling, stock markets dont allow such a thing. If I made a wrong buy in stocks , I can only sell and not short sell as in case of forex(opening two positions taking profit in one and loss in one). My true love lies with intraday(cause of my scalper nature) but to do that I need to understand, some position and swing trading.

The reason I am into stocks when I can play the big bad game of forex is due to pain in withdrawing the money from my forex brokers.

I have used RSI, MACD etc. and understand the use and calculations and to some extent the relation. But, ROC(rate of change, looked it up yesterday ) is something totally alien. I would like to know more about in and the correlation of it to other indicators.

Hey, maybe we talk sometime, preferrably web chat, cause I have a speech problem.

 

[vicky_ag]

Savant Sir
My entry to forex was just a stoke of luck. Just a case of mistaken identity would sum up the whole story. You would laugh and even think I am fake when I tell you I dont know what a derivative is?(well I have some idea but still not crystal clear). Basically, I started my trading journey from Forex rather than the other way around for many people. I am making a decent earning in forex but it wouldn't hurt to know something about the market in your own country.
Plus knowing stock markets comes with its own quirks too: I am now a office jester. People who I dont even know, now come to me to ask for suggestions.
Previously, when I used to tell them that I trade forex, I used to get a muted response , saying "I dont know what forex is but Indian markets is difficult. It is like high staks gambling." Well, I am out to prove them wrong, trading is not gambling.

Also, you would be hard pressed to find a market which is trading over 80 on RSI 14 to be still going up and any fall is termed as a consolidation with people still betting on it going long....as it is said "It can happen only in India". This market seems quite interesting.

Hi Vicky,
It Was Never Implied That Too Much Knowledge Could Be Poison, What I Tried To Explain With The Analogy Was Give Time To Master What You Have Thereafter You Can Delve Into Other Things Or Even Use Them With What You Are Comfortable.

Anyways, Now Coming To Explanation Of Everything Else That You Want To Know....Will Try & Do That During The Weekend.

Am Really Surprised, With Your Decision To Jump Into Stocks Being A Forex Trader, I Too Trade Forex & For The Kind Of Money That Is Made Therem Can't Imagine Trading Stocks Except Derivatives.

Happy & Safer Trading

SavantGarde