Hello,
I myself am no good trader to advise other traders, but here are my thoughts,
>> i have no trading system.
A trading system is nothing but a set of rules that you intend to follow. Many successful traders do not even know anything about coding a system. Hence I feel that not having a trading system should be no handicap.
>> i enter in nifty by reading macd, rsi, slow & fast stoch with 20-50-200 min ema on yahoo
Do not mix too many oscillators since they all have the same weakness and strength and by mixing them, you can be making a deadly cocktail :).
Its actually in above place that a system can be helpful since you can see what works and what does not.
>> my problem is i can read chart to take position but can't get result in practical
Not sure I understand. If your chart is giving a buy and it works, why will it not work in real time(unless you are not able to take the trade due to fear of loss).
>> if yes, i will post my reading. although it will be childish ones
Nah! Do not worry about what others think about your views, take everything in the spirit of learning :). Do post, posting makes one's own thoughts more clear than it is before we start to write the post.
Cheers
Prashanth
On Fri, Nov 27, 2009 at 3:09 PM, PRS PTL <galaxypvhd69@yahoo.co.in > wrote:
dear prashanth, i trade intra with bar reversal on 60-30-15 min chart. i have no trading system. trade on angel diet which provides lesser parameters. i enter in nifty by reading macd, rsi, slow & fast stoch with 20-50-200 min ema on yahoo. i generally take position on finding bar reversal and conversion on rsi and macd. i make chart of nifty with macd, rsi, stoch, rsi, vol, pcr, vix, on daily as well as weekly. also make chart of bank nifty on daily and weekly and sbi and tata steel on daily with same parameters. all charts in excel. my problem is i can read chart to take position but can't get result in practical. can u help by any way by pin point loop hole? if yes, i will post my reading. although it will be childish ones. but be gratefull if u can take a look at it. by the way. v have only t in difference in name. thanks.
From: Prashanth K <prash454.ta@gmail.com >Sent: Fri, 27 November, 2009 12:13:42 PM
Subject: Re: [Technical-Investor] BUY NIFTY 4830-4850, HOLD FOR TGT 5500-5600
I am a Trend Follower and hence for me, I trade what the system tells me. Yesterday went short and shall keep the same till it says to reverse.
But the important point is as to whether this is just another panic or a precursor to something larger.In May of 1997, a attack on the Thai currency started what we know as the ASEAN Crisis. It did not at that point of time inflect India since we were a closed Economy.Can the current Dubai problem start a similar trend which affects everyone world wide? I think only time will tell, but the ASEAN crisis is worth a read.CheersPrashanthOn Fri, Nov 27, 2009 at 11:53 AM, BALAJI Jayaraman <bctbalaji@gmail. com> wrote:Those who buy in this panic will be benefited.
BUY NIFTY @ 4830-4850, HOLD FOR TGT 5500-5600 // Bank Nifty heading 10500+
Nifty (spot) cmp 4841 / 4842 // as i write this // 4837-4824 is important support zone and bounce back expected
Dont panic. Use dips wisely & be an opportunist. Markets will be heavily volatile. Be ready to face it.
Rgds/Balaji
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