Was the CRASH EXPECTED == YES IT WAS

[saji oommen]

Hello Jungle Lion,
How did you get the sensex data into metatrader or is it provided by interbank fx. Yes you are correct Murrey MM is quite reliable in predicting market moves. Sensex is already at 17500 so on monday you mean further fall or upward move.

Kindly let me know if you know any method by which Indian stock market data can be imported into MT4 realtime or EOD.

Regards

Saji

 

[rkkarnani]

Monday Sensex will be 17500

Maybe u mean 16500!!!! A typo???

 

[rkkarnani]

Hello Jungle Lion,
How did you get the sensex data into metatrader or is it provided by interbank fx. Yes you are correct Murrey MM is quite reliable in predicting market moves. Sensex is already at 17500 so on monday you mean further fall or upward move.

Kindly let me know if you know any method by which Indian stock market data can be imported into MT4 realtime or EOD.

Regards

Saji

Saji Sir, The chart of sensex posted by LION is that of Thursday closing, it had already closed around 17500 on Friday!!!!

 

[saji oommen]

Hello Rk

Yes you are correct. I was more interested in how he got NSE data into MT4. Some additional information if you would like

Regarding MM levels interpretation is as follows


8/8 th's and 0/8 th's Lines (Ultimate Resistance)
These lines are the hardest to penetrate on the way up, and give the greatest support on the way down.
(Prices may never make it thru these lines).

7/8 th's Line (Weak, Stall and Reverse)
This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast.
If prices do not stall at this line they will move up to the 8/8 th's line.

6/8 th's and 2/8 th's Lines (Pivot, Reverse)
These two lines are second only to the 4/8 th's line in their ability to force prices to reverse.
This is true whether prices are moving up or down.

5/8 th's Line (Top of Trading Range)
The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines.
If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area".
If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level.



4/8 th's Line (Major Support/Resistance)
This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against.

3/8 th's Line (Bottom of Trading Range)
If prices are below this line and moving upwards, this line is difficult to penetrate.
If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line.

So sensex has closed above 4/8th line and if it holds good.

Regards

Saji

 

[garthastro]

I am happy with the money I make and need not prove it to anyone.

Most importantly I am a forex trader and make well over $200 a day during trading days, stocks is my long term investment portfolio, I do not day trade in stocks.

Like I am holding stocks of index scripts since 2005, and will continue to hold them.

I picked up sail when it still used to be Rs.2, sbi when it was still Rs.232, relpet when it was still Rs.54, and many others like them.

Forex gives me instant profits, unlike stocks.

Very interesting,

Would you be willing to talk about your experience with Forex and why it works so well for you?

Thanks,
agarth

 

[puruchainani]

here we talking about equity!

 

[Prabhjeet]

Hello Rk

Yes you are correct. I was more interested in how he got NSE data into MT4. Some additional information if you would like

Regarding MM levels interpretation is as follows


8/8 th's and 0/8 th's Lines (Ultimate Resistance)
These lines are the hardest to penetrate on the way up, and give the greatest support on the way down.
(Prices may never make it thru these lines).

7/8 th's Line (Weak, Stall and Reverse)
This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast.
If prices do not stall at this line they will move up to the 8/8 th's line.

6/8 th's and 2/8 th's Lines (Pivot, Reverse)
These two lines are second only to the 4/8 th's line in their ability to force prices to reverse.
This is true whether prices are moving up or down.

5/8 th's Line (Top of Trading Range)
The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines.
If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area".
If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level.



4/8 th's Line (Major Support/Resistance)
This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against.

3/8 th's Line (Bottom of Trading Range)
If prices are below this line and moving upwards, this line is difficult to penetrate.
If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line.

So sensex has closed above 4/8th line and if it holds good.

Regards

Saji

Saji I always keep on searching this forum for some new tool that i can add to my trading and you have given me a good toolfor analysis, if you can take some more time to explain where are the targets for some popular trading stocks it will be really helpful to one and all.

REGARDS

 

[AmoghG]

Forex trading is illegal!?

 

[AncientLion]

Firstly forex trading is not illegal, I am a forex broker registered in india under indian company law.

Secondly, i used yahoo finance data for the above charts which was unfortunately 1 day delayed, i am hunting for better dde data

Thirdly, as regards to getting the data into mt4, being a broker i have my own data servers so i can get direct feeds. (i tried yahoo for the first time this week)


AmoghG if forex was illegal then so would reliance money and icici be illegal which allow online forex trading.

 

[AncientLion]

As for forex my favourite is gbp/jpy, very highly predictable, right down to the exact level moves. Never had a red trade on GJ