Stocks To Keep A Close Eye On

[panglagar]

Re: Stocks To Keep A Close Eye On - Chapter II

Savant Saheb

Could you please suggest some stocks for long term investment..say >6months to 1 year?

Thanks in advance

Panglagar

 

[kum2305]

Hi @ Enygma:

Can you help understand some of the ways one can "predict" the next candle?

Kumar

2. Since we are looking at EOD charts, we will have to wait for Monday's closing to see what the colour of the bar would be. But do we have it? Depending upon the opening price, by the afternon we can "predict" to some extent whether Monday's candle would be green or red. So depending upon that, the short position can be carried forward.


Regards,
Enygma.

 

[hills_5000]

Man.. ! if someone could do that he'd be a millionair by now... what the charts do is tell you what the market is thinking ..taking all factors into account... we are taking a position based on the recent past / trend .. and expolting it to continue..using technical analysis and other cues... the first thing you have to understand is that a chart tells u of what has happened in the past...and using that u try and predict what will happen in the immediate future..and make buck or two out of it...

experts pls amplify / add on..

Hi @ Enygma:

Can you help understand some of the ways one can "predict" the next candle?

Kumar

 

[enygma]

I am using it on daily charts for now and my exit is when price closes below EMA20. Sell gets triggered the next day. Working on a group of stocks with this strategy. I think Savant's system exits when 70% of the candle body is below the EMA 20.

Regards,
Enygma.

Hi,

Enygma,

Plotting EMA20 on weekly time frame giving fantastic picture!

What is the strategy for EXIT ?

Regards,

CNB

 

[enygma]

There is only one way of "predicting" the next candle as I mentioned in the post you quoted. Remember that red and green candle indicate whether the closing price is lower than the opening price or not. Red and green have nothing to do with whether the stock gained over previous day's closing or not.

If closing price is greater than opening price on Monday, Monday's candle on EOD charts will be green otherwise red. So, by afternoon, if you know the opening price of a stock, you can figure out from the CMP how the candle is going to look like, unless some big boy did not like the colour you are trying to paint

The stock in discussion was Unitech, opened around 98, was above 102 most part of the day. By 2:30, you could have predicted a green candle for it for today, unless ofcourse Izzner decided to short it

This is useful in intraday BB trading as well - sometimes you do not have to wait for a candle in a 10 min TF to finish before deciding your next action.

Regards,
Enygma.

Hi @ Enygma:

Can you help understand some of the ways one can "predict" the next candle?

Kumar

 

[chaitanyagoa]

Hi Enygma,

Whenever you buy options, you pay the entire premium for that option, so no additional margins are required. Margins are blocked if you sell options.

So u mean if the total cost of buying a 'X' lot is 10000, then i only need to have 10000. Is my understanding correct?:thumb:

Thanks

 

[enygma]

Savant in Holiday Clothes on a beach .... Lounge Chair, Cocktail in Hand ..


Perhaps

Just Perhaps

Laptop in the lap, wireless internet and busy playing oily games. (Do not get ideas - he is just going long on crude)

Regards,
Enygma.

Hi Enygma & Ken

How Does One Draw....Myself In Holiday Clothes On A Beach...Lounge Chair, Cocktail In Hand.....Hmmm.... Perhaps Playing Beach Volley Ball....

Forget It...Can't Draw.....Therefore Just Imagine....I Am On Holiday....Wow ! What Luxury....Thanks Guys....Enygma & Ken.


SavantGarde

 

[chaitanyagoa]

Savant in Holiday Clothes on a beach .... Lounge Chair, Cocktail in Hand ..


Perhaps

Just Perhaps

Laptop in the lap, wireless internet and busy playing oily games. (Do not get ideas - he is just going long on crude)

Regards,
Enygma.

Hahaha very well said

 

[enygma]

Plus 111 odd bucks as brokerage and taxes at ICICIDirect for a Nifty lot

Yes Sir - that is the leverage of options - that has bought downfall of many a great man and institution

You pay the premium, you get the "option" to exercise, you square off - you get back the amount with profit/loss.

Regards,
Enygma.

So u mean if the total cost of buying a 'X' lot is 10000, then i only need to have 10000. Is my understanding correct?:thumb:

Thanks

 

[talisman]

Pooja,

Positional is something close to my heart so could not avoid responding to this. While you are at defining your system - put out your entry and exit strategies clearly. I think you are using too many indicators, so try to define how you will be using each of this.

Ken has given a bunch of triggers that Savant's system uses above. You should atleast use 3 months but you should have a couple of years of weekly data atleast. Weekly data is required so that you know past resistances and supports - very important for positional. Do a backtesting of your strategy on few of stocks. The EMA20 system that is mentioned above has always looked very simple and powerful to me.

Regards,
Enygma.

Enygma,

Probably I am asking for too much but would it be possible for you to show a scrip with a chart that has this EMA20 system which ultimately resulted into the long/short/swing trading decision making. I got the theory aspect and checked few ones (cesc, rolta, pfc etc) on icharts.in. But one visual will make it even more clear to my understanding.

Thanks a ton.