Trading Strategies Using Technical Analysis

[Apurv7164]

Thanks a ton Raunak for your guidance... Actually i was going through some material of Steve Nison to refresh my knowledge and i got this point of combining 2 candles against one long candle... searching for similar situation, i happen to visit the chart of NIITTECH which is making similar patter i.e. one long white and 2 significant sized black so thought of raising this point for open discussion so that many can learn and others can refreshe knowledge...

I am not holding this stock but now i m getting sense of buying it for scalp trading with the risk reward of 1:2 or 1:3 depending on where i can get it...

Thank you sir...

 

[gautamsinghsaini]

Hi Raunak,

In IDEA according to weekly charts, can this be called as a possible breakout from the descending triangle formation? We had high volumes too last week(though, it was a red candle) when it broke out. So, is this valid formation?

hi vmonu.which charting sowtware u r using.

 

[vmonu]

Hi gautamsinghsaini, it is Amibroker

 

[SwingKing]

Thanks a ton Raunak for your guidance... Actually i was going through some material of Steve Nison to refresh my knowledge and i got this point of combining 2 candles against one long candle... searching for similar situation, i happen to visit the chart of NIITTECH which is making similar patter i.e. one long white and 2 significant sized black so thought of raising this point for open discussion so that many can learn and others can refreshe knowledge...

I am not holding this stock but now i m getting sense of buying it for scalp trading with the risk reward of 1:2 or 1:3 depending on where i can get it...

Thank you sir...

Apurv,

This might sound strange. But why wait for 1:2 or 1:3 risk reward trades. To me this concept does not make sense. I go for trades with 1:1 rewards. It just depends on the setup and the probability of it running in my favor. This is contrary to what you might have read in some books. But for me, the concept of risk to reward is blown out of proportion.

Tc

 

[simple_trader]

Apurv,

This might sound strange. But why wait for 1:2 or 1:3 risk reward trades. To me this concept does not make sense. I go for trades with 1:1 rewards. It just depends on the setup and the probability of it running in my favor. This is contrary to what you might have read in some books. But for me, the concept of risk to reward is blown out of proportion.

Tc

I think the same.

 

[Apurv7164]

Hello Raunak and Simple_Trader,

Ur point is valid but problem with me is I am not having consistently profitable trades and hence I m waiting for 1:2 to 1:3 risk reward to keep my account in profit... hard and stupidic to accept and speak a loud in public but my success vs failure ratio is 1:1 so if i trade with 1:1 risk reward, i end up having no profit - no loss... which is not worth investing employing money, time and efforts especially... No offense, just a personal opinion....

On separate note, I found something interesting on RPower chart... may not be applicable in real life trading but still thought of sharing with you all for the discussion...

 

[SwingKing]

Hello Raunak and Simple_Trader,

Ur point is valid but problem with me is I am not having consistently profitable trades and hence I m waiting for 1:2 to 1:3 risk reward to keep my account in profit... hard and stupidic to accept and speak a loud in public but my success vs failure ratio is 1:1 so if i trade with 1:1 risk reward, i end up having no profit - no loss... which is not worth investing employing money, time and efforts especially... No offense, just a personal opinion....

Apurv, this is completely normal. I'll advise you to develop a mechanical system first and trade it till you develop the necessary skills to analyze charts with higher probability using discretion based analysis. Hence be patient, read a book on how to develop systems and then go and build one.

Regarding RPOWER

What you are trying to do here is very effective. And amazingly this works with very good accuracy. However, ask yourself this: What does market tell you when correction bars are increasing? Can you tell me what this means? If you can't find the answer, let me know.

Tc

 

[blackberry]

Regarding RPOWER

What you are trying to do here is very effective. And amazingly this works with very good accuracy. However, ask yourself this: What does market tell you when correction bars are increasing? Can you tell me what this means? If you can't find the answer, let me know.

Tc

Sir,Me also Interested to know.

 

[gautamsinghsaini]

Hi gautamsinghsaini, it is Amibroker

thanks vmonu 4 ur feed back.what is the charge of ami broker for monthly basic.

 

[mithoon]

would anyone please advice where i can get RT TRIN data for NSE intraday.