Time To Stick My Neck Out "Nifty 5000"

[uasish]

thanks ,my bullishness is confirmed even on the weekly futures chart posted by you.
Hammer in a downtrend is extremely good for the bulls ( the color of hammer is not important) . On the face of it look like a takuri (has three times lower shadow to the length of the body while hammer has twice).
Patttern confirmation will come on monday if nifty has a higher open and a higher close.
Now i can sleep with peace.

Rajaram.dilipkumar,
The indicator on the weekly chart is a Satistical ,one showing Probability distribution of Price,where it is Clear that the Pain is not over on Weekly Time Frame.

Asish
NB: The un-named indicator on Daily Chart is also a Satistical one but yet not back-tested.

 

[rajaram.dilipkumar]

Rajaram.dilipkumar,
The indicator on the weekly chart is a Satistical ,one showing Probability distribution of Price,where it is Clear that the Pain is not over on Weekly Time Frame.

Asish
NB: The un-named indicator on Daily Chart is also a Satistical one but yet not back-tested.

now i cant sleep......

 

[uasish]

Rajaram.dilipkumar,
I just meant we have to be cautious,as Price is Random we try to get some satistical edge in our favour before initiating a trade,the attached chart shows how RCOM Fut has given money earning possibility the Next day.

Asish

 

[rajaram.dilipkumar]

Rajaram.dilipkumar,
I just meant we have to be cautious,as Price is Random we try to get some satistical edge in our favour before initiating a trade,the attached chart shows how RCOM Fut has given money earning possibility the Next day.

Asish

yes,its imp to have as many odds in our favour when we trade and being cautious is very imp in a volatile market as we may run the risk of over-trading .
Infact yesterday i read an interesting article on this topic from EWI...

http://www.elliottwave.com/features/default.aspx?cat=emw*aid=3077*time=pm

Good night ..

 

[uasish]

RCOM Fut gave 2 Long Possibilities on 24th Ag'07 in 1 min chart.

 

[uasish]

Rajaram.dilipkumar,
In RCOM Fut ,now i see a Buy Signal (developed yesterday night ),however my another indicator developed on 18th April'07,is giving a price probability of 526.52 in the weekly chart ,(though the back test of this one has only 68% chance with high max drawdown of 17.8 % ,hence i avoid).
But the indicator no. 269 is backtested (only on historical data not on actual mkt has encouraging result).
As you have observed that the candle stick pattern is in your favour hence with my statistical input this can now be concluded that you may sleep well with Strict Stop Loss .

Asish

 

[rajaram.dilipkumar]

Rajaram.dilipkumar,
In RCOM Fut ,now i see a Buy Signal (developed yesterday night ),however my another indicator developed on 18th April'07,is giving a price probability of 526.52 in the weekly chart ,(though the back test of this one has only 68% chance with high max drawdown of 17.8 % ,hence i avoid).
But the indicator no. 269 is backtested (only on historical data not on actual mkt has encouraging result).
As you have observed that the candle stick pattern is in your favour hence with my statistical input this can now be concluded that you may sleep well with Strict Stop Loss .

Asish

ya, i slept so well that woke up only now ...thanks.....

 

[kkseal]

... But the indicator no. 269 ...

Means you have 268 more!!!!

Asishda you'll make me faint.

 

[uasish]

kalyan,
All backwas ,those which past back tests they are only named,baki all backwas.

Asish

 

[ssprasad]

Ashish da,
In addition to the informative charts posted by you, the name of the charts are even more interesting .
e.g, rcom-fut-rajaram-may-you-can-sleep-well.png ... lol