Tuesday, November 3, 2015
Friday, August 29, 2014
Aug 29, 2014. - Trend checking
trying to verify this on indian equities market:
Rule 23 - if the high of the stock is also the high of AO, then there is a high likelihood that there might be a higher high coming in 2 months time.
CHecking this by going over 1 yr stock charts.
Rule 23 - if the high of the stock is also the high of AO, then there is a high likelihood that there might be a higher high coming in 2 months time.
CHecking this by going over 1 yr stock charts.
Tuesday, March 25, 2014
Trend Identification
Trying to identify trend using alligator lines on stocks.
- Plot SMA lines for 5 bars and 13 bars.
- Look for cross over points.
- When lines are traveling parallel and very close then do nothing
- when lines start to converge do nothing
- when lines start to diverse, enter the position.
- trend typically lasts 2 week to 6 weeks.
- Plot SMA lines for 5 bars and 13 bars.
- Look for cross over points.
- When lines are traveling parallel and very close then do nothing
- when lines start to converge do nothing
- when lines start to diverse, enter the position.
- trend typically lasts 2 week to 6 weeks.
Thursday, March 13, 2014
March 14, trending vs non-trending
Just by looking at the graphs and comparing SMA 5 vs SMA 13, trying to forecast which ones are trending up or down. Dataset: Icharts
Neclife - trending up - buy at 19
Nehaint - trending up - buy at 13.7
Neocorp - Sleeping (about to trend) - around 10
Nepcmicon - Trending down - about to end - sell at 2.5
Nesco - Sleeping (about to trend up) - around 800
Nestleind - Sleeping
Tracking this also in a separate excel sheet.
Neclife - trending up - buy at 19
Nehaint - trending up - buy at 13.7
Neocorp - Sleeping (about to trend) - around 10
Nepcmicon - Trending down - about to end - sell at 2.5
Nesco - Sleeping (about to trend up) - around 800
Nestleind - Sleeping
Tracking this also in a separate excel sheet.
Wednesday, March 12, 2014
Trading - learning about post-rallly choppy market
1. Always after a rally, there will be some sort of choppy market.
2. If you enter choppy market, you will loose money.
3. Usually all option types will be negative in a choppy market.
4. The trades are range bound and trending formula does not work.
5. Do not try to accumulate, believing its a low or good price.
If market is choppy, its good to trade in future as you can get 10-20 points on one side at any point of time.
Trade options when trend is going on, as you can make returns in multiples.
2. If you enter choppy market, you will loose money.
3. Usually all option types will be negative in a choppy market.
4. The trades are range bound and trending formula does not work.
5. Do not try to accumulate, believing its a low or good price.
If market is choppy, its good to trade in future as you can get 10-20 points on one side at any point of time.
Trade options when trend is going on, as you can make returns in multiples.
Wednesday, March 5, 2014
Trade with the trend
For intraday trading, Always trade with the trend.
i.e. wait for market to open. Wait for 1 hour.
See whether a high is broken or a low is broken after that.
Place your orders above the second high/low broken and keep adding at each subsequent local maxima or minima.
Stoploss should be previous day's close and move it along the trend but 2 points behind the recent broken maxima or minima.
i.e. wait for market to open. Wait for 1 hour.
See whether a high is broken or a low is broken after that.
Place your orders above the second high/low broken and keep adding at each subsequent local maxima or minima.
Stoploss should be previous day's close and move it along the trend but 2 points behind the recent broken maxima or minima.
Thursday, December 19, 2013
Wavecount Dec 19th Analysis
Today's gap up and then down move proves that option 1 or 2 are in play here. So assessing today's move vide yesterday's analysis:
1) This could be the start of C wave correction. The correction will be choppy and we need to be very careful about the end of the correction because a strong up or down move may start with this correction.
today market came to 6161 i.e. very close to previous low of 6151. If this breached then we will start looking for an end to this correction close to 6050 i.e. another 100 points down expected.
2) downward wave 3 started. the huge spike in volume does suggest it could be a wave 3 down. however, then wave 2 was too small for that. If this is true then expected end of wave 3 =
wave 1*(1 to 1.6) = 329 to 526, therefore the target = 5940 to 5750. This is too steep. So looking somewhere around 6000. Below 6000, might be looking for these targets.
1) This could be the start of C wave correction. The correction will be choppy and we need to be very careful about the end of the correction because a strong up or down move may start with this correction.
today market came to 6161 i.e. very close to previous low of 6151. If this breached then we will start looking for an end to this correction close to 6050 i.e. another 100 points down expected.
2) downward wave 3 started. the huge spike in volume does suggest it could be a wave 3 down. however, then wave 2 was too small for that. If this is true then expected end of wave 3 =
wave 1*(1 to 1.6) = 329 to 526, therefore the target = 5940 to 5750. This is too steep. So looking somewhere around 6000. Below 6000, might be looking for these targets.
Subscribe to:
Comments (Atom)