Sensex

Friday, November 20, 2009

Re: [Technical-Investor] K.A. Vish - AFL - Kbrain

 

Dear AP and Seniors,
Is suzlon a sell now as it is touching the resistance (down trend line) with red candle + very high volume. I am not that confident in TA. Can u advice whether it is a correct observation.
 
thanks and regards
tkrajnambiar


From: Prashanth K <prash454.ta@gmail.com>
To: Technical-Investor@yahoogroups.com
Sent: Tue, 10 November, 2009 12:05:23 PM
Subject: Re: [Technical-Investor] K.A. Vish - AFL - Kbrain

 

I am using AB Ver.5.28 Beta, but the formula seems to be backward compatible since no new features are being used.


Error may creep in due to the extremely high lookback period that has been set here,

SetBarsRequired( 1000000,0) ;

Reduce it and the problem should disappear.

Am also attaching the AFL I used to test herewith.

Cheers

Prashanth

On Tue, Nov 10, 2009 at 1:16 PM, Chandrashekhar Bondre <cnbondre@yahoo. com> wrote:
 

Hi,
 
Prashant Sir,
 
I did it as per your instructions but getting the errors as stated earlier.
 
Thanks and Regards,
 
 
CNB

Sent: Tue, November 10, 2009 12:28:00 PM

Subject: Re: [Technical-Investor ] K.A. Vish - AFL - Kbrain

 

To get a Buy / Sell Signal, you need to Scan.


Before you scan, click on Parameters and change 
BrianTrend1Signal to Yes from the default No.

Cheers

Prashanth

On Tue, Nov 10, 2009 at 12:24 PM, Chandrashekhar Bondre <cnbondre@yahoo. com> wrote:
 

Hi,
 
Prashant Sir,
 
Thanks a lot for your quick responce. Sir, it would be sufficient buy n sell for now.
 
Thanks and Regards. 


From: Prashanth K <prash454.ta@ gmail.com> Sent: Tue, November 10, 2009 11:55:40 AM

Subject: Re: [Technical-Investor ] K.A. Vish - AFL - Kbrain

 

What are the variables / parameters you require in the Exploration?


Cheers

Prashanth

On Mon, Nov 9, 2009 at 8:27 PM, Chandrashekhar Bondre <cnbondre@yahoo. com> wrote:
 

Respected ,
 
FJ and Vish,
 
Please accept my thanks for a quick reply and taking efforts to help me out.
Sir, I tried my level best before posting the request and got the errors as described by "FJ". 
Ploting has no problem with the afl;  but EXPLORATION part is very very difficult for me.
Hence again requesting the Seniors to help.
 
Regards,
 
CNB


From: FLOYD JOHNY LEWIS <fjl24@yahoo. com> Sent: Mon, November 9, 2009 12:11:34 AM
Subject: Re: [Technical-Investor ] K.A. Vish - AFL - Kbrain

 

Dear Vish
 
Tried using the exploration based on the below complete AFL as was posted by CNB after applying your filters.
 
Unfortunately, am getting couple of errors pertaining to initialization of "p", "tm", "bstop" etc - Error No 29 - variables not initialized before use.
 
Am not able to understand why as the above variables have been initialized in the AFL code.
 
Would appreciate if you could give your valuable comments on the same.
 
Thanks in advance
Best Regards
Floyd

--- On Sun, 11/8/09, Vijay Lingam <ohmmsai@yahoo. in> wrote:

From: Vijay Lingam <ohmmsai@yahoo. in>
Subject: Re: [Technical-Investor ] OOPS
To: Technical-Investor@ yahoogroups. com
Date: Sunday, November 8, 2009, 1:11 PM

 

Very good formula. thanks for the sender.

From: vish <vichooo_1999@ yahoo.com>
To: Technical-Investor@ yahoogroups. com
Sent: Sun, 8 November, 2009 8:09:57 PM
Subject: Re: [Technical-Investor ] OOPS

 
Add these lines at the end of the afl ( as Buy and sell has already been defined in the afl)
 
Filter=Buy OR Sell ;
AddColumn( IIf( Buy, 66, 83 ), "Signal", formatChar );
AddColumn(Close,"close" );
 
 
cheers



From: Chandrashekhar Bondre <cnbondre@yahoo. com>
To: Technical-Investor@ yahoogroups. com
Sent: Sun, November 8, 2009 7:53:39 PM
Subject: Re: [Technical-Investor ] OOPS

 
Respected Seniors,
 
Will somebody add and post EXPLORATION part in the attached afl by KARTHIK SIR'S, K-BRAIN afl.
 
//KBrain System Coded by Karthikmarar. Blog. www.stocktechnician .blogspot. com email. karthikmarar@ yahoo.com
//System based on the BrainTrend system in Metatrader
// The Turquiose colored Dot indicates start of a Up Trend
// The Magenta DOt indicates end of an Up move and beginning of a downmove
// The system is a Stop and reverse system
_SECTION_BEGIN( "KBrain") ;
//========== ========= =====Initiation= ========= ========= =====
SetBarsRequired( 1000000,0) ;
SetChartOptions( 0,chartShowArrow s|chartShowDates );
GraphXSpace = 15;
bts=ParamToggle( "BrainTrend1 signal","No| Yes" ,0);
btst=ParamToggle( "BrainTrend1 stop","No|Yes" ,0);
btsl=ParamToggle( "BrainTrend1 stop line","No|Yes" ,0);
period=Param( "Period", 14,6,20,1) ;
x1=53;
x2=47;
d=2.3;
f=7;
s=1.5;
range=ATR(f) ;
Range1 = ATR(f)/d;
Range2 = (ATR(f)*s)/4;
range3=ATR(10) ;
R = ((HHV(H,period) - C) /(HHV (H,period) -LLV (L,period))) *-100;
EMA1= EMA(R,Period) ;
EMA2= EMA(EMA1,5);
Difference= EMA1 - EMA2;
ZeroLagEMA= EMA1 + Difference;
value2=abs(ZeroLagE MA);

function PercentR( periods )
{
 return -100 * ( HHV( H, periods ) - C )/( HHV( H, periods ) - LLV( L, periods ) );
}

for( i = period+10; i < BarCount; i++ )
{
C[0]=0;
Value2[0]=0;
p[0]=0;
Plot1[0]=0;
Plot2[0]=0;
Val1=0;
Val2=0;
temp[0]=0;
Value3[0]=0;
tm[0]=0;
p1[i]=0;
bt1[0]=0;
bt2[0]=0;
r[0]=0;
bt1a[0]=0;
bt2a[0]=0;
istop[0]=Val1[ 0];
stop[i]=Val1[ 0];
bstop[0]=0;
sstop[i]=0;
//========== ========= ========= ======Indicators ========= ========= ========= =
{
if (value2[i] < x2 AND abs(Close[i] -Close[i- 2]) > range1[i])
 p[i] = 1 ;
else
{
if (value2[i] > x1 AND abs(Close[i] -Close[i- 2]) > Range1[i])
 p[i] = 2 ;
else
 p[i]=0;
}
}
if ((value2[i] < x2 AND p[i] == 1) OR (value2[i] < x2 AND p[i] == 0))
{
if (abs(Close[i] -Close[i- 2]) > Range1[i])
{
Plot1[i]=H[i] ;
Plot2[i]=L[i] ;
}
else
{
Plot1[i]=Plot1[ i-1];
Plot2[i]=Plot2[ i-1];
}
}
else
{
if ((value2[i] > x1 AND p[i] == 2) OR (value2[i] > x1 AND p[i] == 0))
         
{
Plot1[i]=L[i] ;
Plot2[i]=H[i] ;   
}
else
{
Plot1[i]=Plot1[ i-1];
Plot2[i]=Plot2[ i-1];
}
}
//========== ========KBrain Signal ============ ========= ========= ======
{
if (value2[i] < x2 AND (abs(Close[i] -Close[i- 2]) > Range1[i]))
{
if (p[i] == 1 OR p[i] == 0)
Value3[i]=L[ i]-range3[ i];
val1[i]=Value3[ i];
p[i]=1;
temp[i]=1;
}
else
{
temp[i]=temp[ i-1];
}
{
if (value2[i] > x1 AND (abs(Close[i] -Close[i- 2]) > Range1[i]))
{
if (p[i] == 2 OR p[i] == 0)
Value3[i]=H[ i]+range3[ i];
val2[i]=Value3[ i];
p[i]=2;
temp[i]=2;; 
}
}
}
{
if (temp[i]==1 AND Plot1[i]>0 AND tm[i] != 1)
 tm[i]= 1;
if (temp[i]==2 AND Plot2[i]>0 AND tm[i] != 2)
 tm[i]=2;
}
//========== ========= ========= ===stop== ========= ========= ========= ========= ==
{
if (value2[i] < x2 AND (abs(Close[i] -Close[i- 2]) > Range1[i])AND p[i] !=2)
   {
     value3[i]=L[ i]-range3[ i];
     va1[i]=Value3[ i];
     p1[i]=2;
     r[i]=Va1[i];
     bstop[i]=Va1[ i];
     bt2[i]=bt2[i- 1];
     }
     
if (value2[i] > x1 AND (abs(Close[i] -Close[i- 2]) > Range1[i])AND p[i] !=1)
  
     {
     Value3[i]=H[ i]+range3[ i];
     va2[i]=Value3[ i];
     p1[i]=1;
      
     r[i]=Va2[i];
     sstop[i]=Value3[ i];
     bt1[i]=bt1[i- 1];
     }
   
  }
 
if (val1[i] == 0 AND val2[i] == 0 AND p[i] == 0 )
         {
         bstop[i]=bstop[ i-1];
         sstop[i]=sstop[ i-1];
         }
    
if (bstop[i]<bstop[i-1] AND tm[i]==1 AND tm[i-1]==1) bstop[i]=bstop[ i-1];
if (sstop[i]>sstop[i-1] AND tm[i]==2 AND tm[i-1]==2) sstop[i]=sstop[ i-1];
 
}
//========== ========= ========= =SYSTEM== ========= ========= ========= =========
Mycolor=IIf( p==1,colorLime, IIf(p==2, colorRed, colorBlue) );
PlotOHLC( Open,  High,  Low,  Close, "", Mycolor, styleBar| styleThick   );
PlotShapes( shapeCircle* (bts AND tm==1 AND Ref(tm,-1)== 2),colorTurquois e, 0, bstop, 0 );
PlotShapes( shapeCircle* (bts AND tm==2 AND Ref(tm,-1)== 1), colorCustom12, 0, sstop, 0 );
PlotShapes( IIf(btst AND p==1,shapeSmallCirc le,Null), colorTurquoise, 0,bstop,0) ;
Plot(IIf(btsl AND tm==1,bstop, Null),"", colorPaleBlue, 1);
PlotShapes( IIf(btst AND p==2,shapeSmallCirc le,Null), colorCustom12, 0,sstop,0) ;
Plot(IIf(btsl AND tm==2,sstop, Null),"", colorLightYellow ,1);
Buy=Cover=(bts AND tm==1 AND Ref(tm,-1)== 2);
Sell=Short=( bts AND tm==2 AND Ref(tm,-1)== 1);
SellPrice=ValueWhen (Sell,C,1) ;
BuyPrice=ValueWhen( Buy,C,1);
Long=Flip(Buy, Sell);
Shrt=Flip(Sell, Buy );
_SECTION_END( );
//========== =======TITLE= ========= ========= ========= ========= ========= ========= ========= ========= ========= ========= =====
_SECTION_BEGIN( "Title");
if( Status("action" ) == actionIndicator )
(
Title = EncodeColor( colorWhite) + "KBrain V 1.0. " + " - " +  Name() + " - " + EncodeColor( colorRed) + Interval(2) + EncodeColor( colorWhite) +
 "  - " + Date() +" - "+"\n" +EncodeColor( colorYellow) +"Op-"+O+"  "+"Hi-"+H+"  "+"Lo-"+L+"  "+
"Cl-"+C+"  "+ "Vol= "+ WriteVal(V)+ "\n"+
EncodeColor( colorLime) +
WriteIf (Buy , " GO LONG / Reverse Signal at "+C+"  ","")+
WriteIf (Sell , " EXIT LONG / Reverse Signal at "+C+"  ","")+"\n"+EncodeCo lor(colorWhite) +
WriteIf(Sell , "Total Profit/Loss for the Last Trade Rs."+(C-BuyPrice) +"","")+
WriteIf(Buy  , "Total Profit/Loss for the Last trade Rs."+(SellPrice- C)+"","") +
WriteIf(Long AND NOT Buy, "Trade : Long - Entry price Rs."+(BuyPrice) ,"")+
WriteIf(shrt AND NOT Sell, "Trade : Short - Entry price Rs."+(SellPrice) ,"")+"\n" +
WriteIf(Long AND NOT Buy, "Current Profit/Loss Rs."+(C-BuyPrice) +"","")+
WriteIf(shrt AND NOT Sell, "Current Profit/Loss Rs."+(SellPrice- C)+"","") );
PlotShapes(IIf( Buy,shapeUpArrow , shapeNone),colorBri ghtGreen, 0,L, Offset=-75);
PlotShapes(IIf( Sell,shapeDownAr row,shapeNone) , colorYellow, 0,H, Offset=-75);
_SECTION_END( );
 
 
 "Experts" please help to add EXPLORATION part to the master piece afl.
 
Thanks  and regards,
 
CNB


From: sunil kini <sunil.kini@yahoo. co.in>
To: Technical-Investor@ yahoogroups. com
Sent: Sun, November 8, 2009 2:05:53 PM
Subject: Re: [Technical-Investor ] OOPS

 
Dear Prashant
  Please post AFL for the OOPS patttern scan.
 
Thank You


From: Abhijit <ap19632000@yahoo. com>
To: Technical-Investor@ yahoogroups. com
Sent: Sat, 7 November, 2009 12:26:19 PM
Subject: [Technical-Investor ] OOPS

 
In chart patterns, there is a not-so-well- known pattern called OOPS buy or OOPS sell.
 
I have spotted an OOPS buy in Suzlon, and it is a coincidence that this buy is on daily, weekly as well as MONTHLY charts.
 
I can safely say that as long as this month's low holds, this will be a multibagger in months to come.
 
I had last seen this pattern on L & T at its low in March this year near 600, and it has gone up 3 times in less than 9 months.
 
Will Suzlon do the same?
 
No harm in buying some with a stop loss of this months low - so far, that is 53.8.
 
I do not want to explain the pattern here - I gave a seacrh in google - 'chart pattern oops buy', and got  12,200 matches..please do your own search.
 
Chart attached.
 
Cheers,
 
AP
 
 
 


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Re: [Technical-Investor] Perfectionism-Please take 5 minutes and read carefully

 

Though I cannot do it, I believe that almost all charts can be read with
great accuracy and there is surefire evidence to this. When a person say
perfection cannot be achieved, it should be heard and understood as
"Atleast I could not achieve it".

At times, I have seen famous hardcore technical analysts(one of them is a
regular guest at CNBC TV18) basing their opinions on fundamentals like PE
ration, EPS, etc. Opposite has also been observed. What meaning should we
make of this? The most appropriate meaning if this is - neither the
technical nor the fundamental analyst knows anything for sure about what
they are doing. They are just playing the guess game.

Pull up charts of Indian markets and major foreign markets(read Dow Jones).
You will see similar volume and price patterns. This means that there are
surely some people who can read the market with great accuracy. These
people can recognize accumulation and distribution with very great success.
However, it is unlikely that you are one of them.

A question to ask ourself- Just because we heard someone saying 'Idealism
does not exist' or 'Perfection is impossible', are we stopping ourselves
from improving by consoling ourself saying 'Why to work hard for something
that does not exist'?

Perfectionism is not the result, it is a by-product of our methods. And if
our methods are flawed, expecting perfectionism is only going to
disappoint. For ex: We all know that 'past performance is not a guarantee
of future performance'. Inspite this, you find a vast majority of traders
using moving averages. My purpose is not to criticize anybody's moving
average trading system. Buy using moving averages, we are forming a
subconscious assumption that price will behave as it has behaved in the
past. Since our assumption is wrong or rather not always correct, a trading
system which is based on that assumption will automatically inherit the
flaws.

On Sat, 21 Nov 2009 10:48:24 +0530 (IST), Meerut Money Managers
<meerutmoneymanagers@yahoo.in> wrote:
> Perfectionism
> Trading is not about perfection. It is about probability and progress.
All
> charts, analyses (fundamental and technical) and trading plans are built
on
> probabilities.
> Why then, do so many traders strive for perfection? Why do so many
traders
> miss trades, waiting for exactly the right entry and then beat up on
> themselves when it doesn't come and the position runs away while they
sit
> there scratching their heads and condemning themselves?
> Why are so many traders trying to turn a game of probability into one of
> 100% certainty?
> The answer lies in one of the cardinal sins of trading which is
> PERFECTIONISM.
> Perfectionism can be a great help to people in many professions, but can
be
> fatal to a trader. Perfectionists, always trying to find the Holy Grail
of
> trading go from one service to another, from one system to another,
looking
> for a way that they can be right all the time. YES! Now, I found it.
It's
> this trading room, or this service, or this indicator! Wait… something
is
> wrong here. Not all of these trades are working and I have draw downs!
How
> can it be that this particular method failed and I actually had to take a
> loss? Must be something wrong. I will try harder and look for an even
> better system, a more expensive service, a new and improved guru, some
> absolutely no-fail software so that I can have ONLY WINNING TRADES.
> This is perfectionism in action. Not only does this type of irrational
> behavior and belief undermine and demoralize a trader, but it takes away
> all the enjoyment and fun of being in the markets. It leads to depression
> with depletion of psychic and physical energy, and leaves the
perfectionist
> to confront his basic and overriding fear— fear of failure. In the
> extreme, it leads to physical and mental illness, including addiction to
> prescription drugs, alcohol, or illegal substances as well as other
> addictions. The pain of failure or the haunting fear of failure is simply
> overwhelming, and one turns to whatever works to medicate the pain.
> If you have a perfectionist mentality when trading, you are setting
> yourself up for failure, because it is a "given" that you will
> experience losses along the way. You must begin to think of trading as a
> game of probability. Your losses ( that you hope will return to
breakeven)
> will kill you. If you cannot take a loss when it is small ( because of
the
> need to be perfect), then you will watch that small loss grow into a
larger
> loss and so on into a vicious cycle of more and more pain for the
> perfectionist. Trading on hope does not work. The markets can remain
> irrational for a lot longer than you can remain solvent.
> The object should be excellence in trading, not perfection. Moreover, it
is
> essential to strive for excellence over a sustained period, as opposed to
> judging that each trade must be excellent. This is a marathon…not a
> sprint.
> The greatest traders know how to take cut losses and let winning
positions
> run. Perfectionists often do exactly the opposite. They get in at the
wrong
> time, stay in too long and then get out the wrong time. Perfectionists
are
> always striving and never arriving. The market will find the flaw in a
> perfectionist trader and exploit it day after day. The market is your
> greatest teacher and your most demanding critic, so take this wonderful
> opportunity every day to learn about yourself and make yourself strong.
> If you see in yourself this trait of perfectionism rearing its ugly head,
> it's OK to get angry at it and even yell or curse at it. Do whatever it
> takes to acknowledge it and then find a way to fix it.
> Here are a few suggestions:
> * Try to appreciate and enjoy the process as well as the outcome.
> * Set more achievable and realistic goals for your trading.
> * Remember that your self-worth and your worth as a human being to those
> who love you does not fluctuate from day to day depending on if you win
or
> lose that day.
> * Focus less on achievement and more on enjoyment. Trading is serious,
but
> it should be fun and not something which one approaches with fear and
> dread.
> * Lighten up. Laugh more (especially at yourself).
> * Learn from your mistakes, and forgive yourself and make peace with
your
> past. Strive to be better…not perfect…just a amazing human work in
> progress.
> "If we were always to wait for the most favorable combination of
> circumstances, no enterprise would ever be undertaken. There can be no
end
> without a beginning–there was never an enterprise in which everything
> fitted in perfectly, for chance plays a leading part in the affairs of
all
> men. Obedience to rule does not ensure success, but success, on the other
> hand, furnishes a canon – a rule of conduct" ~ Napoleon Bonaparte
>  THANKS & REGARDS
>
>
> MEERUT MONEY MANAGERS (MMM)
> www.meerutmoneymanagers.com
>
>
> Disclaimer :This e-mail is confidential & for information only. It cannot
> be legally privileged. If you are not the addressee you may not copy,
> forward, disclose or use any part of it. You are also hereby notified
that
> any use, any form of reproduction, dissemination, disclosure,
modification,
> distribution and/or publication of this e-mail message,contents or its
> attachment(s) other than by its intended recipient(s) is strictly
> prohibited. If you have received this message in error,please delete it
and
> all copies from your system and notify the sender immediately by return
> e-mail. Internet communications cannot be guaranteed to be timely,secure,
> error or virus-free. The sender does not accept liability for any errors
or
> omissions. The contents of this message may not necessarily represent the
> views or policies of the sender/MMM. The contents of this message &
> attachment (if any) is not a legal binding on the sender and cannot be
> produced or challenged in
> any legal department/court.
>
>
> The INTERNET now has a personality. YOURS! See your Yahoo!
Homepage.
> http://in.yahoo.com/

--
Thank you,
-Rohan Shenoy.
+91 98191 48661 , rohanshenoy.com

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Re: Fw: [Technical-Investor] options data 1811

 

Hi Jayakrishnan,
 
I also use QT for analysis, but don't know to configure Index charts in QT. Please share how u did it.
Happy Investing,
 
Radhey Shyam Maurya
 
 


--- On Fri, 20/11/09, Jayakrishnan <jayakrish2001@yahoo.com> wrote:

From: Jayakrishnan <jayakrish2001@yahoo.com>
Subject: Re: Fw: [Technical-Investor] options data 1811
To: Technical-Investor@yahoogroups.com
Date: Friday, 20 November, 2009, 8:04 PM

 

Dear Abhijeet,

I enclose todays NIFTY chart. (Since there is no futures data available in Quote Tracker I open QT and my India bulls trader terminal and trade in Nifty futures).

I went short at the pivot at 4977 setting the target at S1 4902. Till around 11.30 nothing was happening. The EMA's are flat, BBands are coming together, I thought its going to be range bound day, so I covered the short.

At 13.46, the EMA cross over has taken place in the chart along with MACD/signal line cross over. The entry signal was generated at 4970 levels. As I already made up my mind its going to be a range bound day, I was taking my lunch very leisurely.

When I came back, it was moving very fast at 4900 levels, I could get in at around 5010 only. Because R2 is placed at 5064, it thought upside is still there and I could get minimum 30 to 35 points. And I exited at 5050 when the price bars started moving away from the upper BB, so I thought the move has lost its steam.

Had I was not at my lunch table, I would have entered at 4977 the pivot level,  because when the price touch the upper BB, the upper band was slopping up nicely  and the lower band is also slopping down which is a very good sign of a good run upwards.

Second and most important thing, I use 12 Range bar for trading Nifty futures and I usually check before I enter, with 8 Range bar chart to confirm the trend in both charts. Usually cross overs and signal triggering happens first in the smaller range bar chart 8 R.

But to my surprise, this time MACD crossed first in 12 Range bar chart and at that particular time 8 R chart was still bearish. I quickly realized there going to be a fast and furious move upside.

Best Regards,

Jayakrishnan.


--- On Fri, 11/20/09, Ray Seth <rayseth@gmail. com> wrote:


From: Ray Seth <rayseth@gmail. com>
Subject: Re: Fw: [Technical-Investor ] options data 1811
To: Technical-Investor@ yahoogroups. com
Date: Friday, November 20, 2009, 7:02 PM

Indicators merely indicate - I think sudden spurts are difficult to be
captured since indicators mostly lag.

On Fri, Nov 20, 2009 at 4:35 PM, Abhijeet Parihar
<abhijeet1807@ gmail.com> wrote:
> Guys, RSI is still overbought, Stochs still giving sell signal, MACD
> on daily chart is also shouting sell. Then its baffling to see such a
> massive nd sudden upmove. How does one predict such move? Did any one
> predict this through indicators or charts?
> Thanks
> Abhijeet
>
> On 11/20/09, Abhijit <ap19632000@yahoo. com> wrote:
>> Both, the 4900 ce and 5100 pe indicate that Nifty might not go below 4930-
>> 50, and if at all it does, there will be a huge unwinding of longs.
>>
>> Low today 4932.8...... .5050 as I type this.
>>
>> Cheers,
>>
>> AP
>>
>>
>>
>> ----- Original Message -----
>> From: Abhijit
>> To: Technical-Investor@ yahoogroups. com
>> Sent: Wednesday, November 18, 2009 10:04 PM
>> Subject: Re: [Technical-Investor ] options data 1811
>>
>>
>>
>>
>> There is another way of studying Options which is also equally successful in
>> predicting the trend--- intra day charts of options.
>>
>> Charts of Nov 4900 ce and 5100 pe attached.
>>
>> The 4900 ce chart confirms what Vish has said - that upside is limited for
>> now. Moreover, between yesterday and today, there were 6 tops at 113 for
>> 5000 ce (yes, SIX tops).
>>
>> The 4900 ce indicates that it has topped out for the short term and so has
>> the Nifty.
>>
>> However, the 5100 pe also says that downside is limited, and it has a good
>> resistance at 125 - 128.
>>
>> Both, the 4900 ce and 5100 pe indicate that Nifty might not go below 4930-
>> 50, and if at all it does, there will be a huge unwinding of longs.
>>
>> Cheers,
>>
>> AP
>>   ----- Original Message -----
>>   From: vish
>>   To: Technical-Investor@ yahoogroups. com
>>   Sent: Wednesday, November 18, 2009 7:41 PM
>>   Subject: Re: [Technical-Investor ] options data 1811
>>
>>
>>
>>
>>   Options with increase in OI
>>
>>         Ticker  Date/Time  close ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         PE4800NIFTY1109  11/18/2009  10.75  (0.05)  5,619,300   7,580,550
>> 1,123,600   1,312,300   20.94
>>         PE5000NIFTY1109  11/18/2009  43.35  (0.90)  9,899,550   5,471,450
>> (2,092,100)  621,650   12.82
>>         CE5100NIFTY1109  11/18/2009  41.60  (9.60)  9,024,550   4,367,200
>> (717,350)  369,250   9.24
>>         PE4900NIFTY1109  11/18/2009  21.60  0.10   6,572,800   6,088,150
>> (479,850)  295,400   5.1
>>         PE4900NIFTY1209  11/18/2009  100.15  (2.40)  611,900   1,093,700
>> 317,300   294,950   36.93
>>         CE5000NIFTY1109  11/18/2009  95.00  (11.30)  7,522,700   4,084,050
>> (2,239,200)  284,700   7.49
>>         PE5100NIFTY1109  11/18/2009  85.15  0.35   5,007,300   2,082,150
>> 1,312,750   212,700   11.38
>>         PE5000NIFTY1209  11/18/2009  136.20  (1.20)  544,950   1,294,450
>> 88,300   190,900   17.3
>>         PE4000NIFTY0110  11/18/2009  20.15  (2.10)  144,000   159,300
>> 107,400   113,400   247.06
>>         CE5200NIFTY1109  11/18/2009  13.60  (5.35)  3,567,700   3,198,900
>> (558,200)  112,550   3.65
>>
>>
>>
>>   Options with decrease in OI
>>
>>         Ticker  Date/Time  close ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         PE4500NIFTY1109  11/18/2009  1.85  (0.60)  1,320,500   3,880,900
>> 376,150   (656,700)  -14.47
>>         PE4400NIFTY1109  11/18/2009  1.40  (0.45)  594,500   2,333,700
>> 13,900   (326,900)  -12.29
>>         PE4600NIFTY1109  11/18/2009  2.55  (0.55)  1,861,100   4,008,050
>> 305,650   (308,000)  -7.14
>>         PE4700NIFTY1109  11/18/2009  5.05  (0.45)  2,002,450   5,440,050
>> (775,050)  (222,750)  -3.93
>>         PE4200NIFTY1109  11/18/2009  1.05  (0.30)  267,350   1,079,100
>> 26,400   (166,250)  -13.35
>>         PE4100NIFTY1109  11/18/2009  0.95  (0.25)  171,600   666,650
>> 36,350   (125,400)  -15.83
>>         CE4900NIFTY1109  11/18/2009  172.00  (10.60)  756,900   2,458,750
>> (332,100)  (114,050)  -4.43
>>         CE4800NIFTY1109  11/18/2009  260.85  (10.65)  318,550   2,064,050
>> (118,800)  (108,000)  -4.97
>>         PE4300NIFTY1109  11/18/2009  1.20  (0.25)  235,700   1,785,700
>> 26,850   (104,600)  -5.53
>>         CE4800NIFTY0310  11/18/2009  492.80  18.20   100,050   54,100
>> 100,000   (100,000)  -64.89
>>
>>
>>   Max OI  in nifty options
>>   Nifty Range is now 4800 to 5100  ( No change fr 4800-5100 on  Tuesday)
>>
>>         Ticker  Date/Time  close ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         PE4800NIFTY1109  11/18/2009  10.75  (0.05)  5,619,300   7,580,550
>> 1,123,600   1,312,300   20.94
>>         PE4900NIFTY1109  11/18/2009  21.60  0.10   6,572,800   6,088,150
>> (479,850)  295,400   5.1
>>         PE5000NIFTY1109  11/18/2009  43.35  (0.90)  9,899,550   5,471,450
>> (2,092,100)  621,650   12.82
>>         PE4700NIFTY1109  11/18/2009  5.05  (0.45)  2,002,450   5,440,050
>> (775,050)  (222,750)  -3.93
>>         CE5100NIFTY1109  11/18/2009  41.60  (9.60)  9,024,550   4,367,200
>> (717,350)  369,250   9.24
>>         CE5000NIFTY1109  11/18/2009  95.00  (11.30)  7,522,700   4,084,050
>> (2,239,200)  284,700   7.49
>>         PE4600NIFTY1109  11/18/2009  2.55  (0.55)  1,861,100   4,008,050
>> 305,650   (308,000)  -7.14
>>         PE4500NIFTY1109  11/18/2009  1.85  (0.60)  1,320,500   3,880,900
>> 376,150   (656,700)  -14.47
>>         CE5200NIFTY1109  11/18/2009  13.60  (5.35)  3,567,700   3,198,900
>> (558,200)  112,550   3.65
>>         PE4500NIFTY1209  11/18/2009  28.10  (3.95)  540,250   2,654,300
>> 312,400   87,350   3.4
>>
>>
>>   FII & DII Turnover (BSE + NSE)
>>         (Rs. crore)
>>        FII  DII
>>         Trade Date Buy Sales Net Buy Sales Net
>>         18/11/09 2,597.45 2,185.32 412.13 1,091.23 1,347.96 -256.73
>>         17/11/09 2,376.47 1,913.05 463.42 931.18 1,166.72 -235.54
>>         16/11/09 2,446.31 1,901.67 544.64 843.31 1,137.95 -294.64
>>         Nov, 09 31,252.81 27,620.03 3,632.78 16,386.87 15,577.19 809.68
>>         Since 1/1/09   * 520,186.99 498,371.04 21,815.95 270,927.07
>> 246,333.80 24,593.27
>>
>>
>>   FIIs buy DIIs sell!
>>
>>   Nifty data since 3/11/2009
>>
>>         Ticker  Date/Time  high  low  Range
>>         ^NSEI  11/3/2009  4,729.85   4,538.50   191.35
>>         ^NSEI  11/4/2009  4,717.80   4,565.00   152.80
>>         ^NSEI  11/5/2009  4,776.35   4,610.60   165.75
>>         ^NSEI  11/6/2009  4,836.20   4,764.85   71.35
>>         ^NSEI  11/9/2009  4,905.25   4,789.90   115.35
>>         ^NSEI  11/10/2009  4,947.70   4,860.10   87.60
>>         ^NSEI  11/11/2009  5,016.70   4,870.05   146.65
>>         ^NSEI  11/12/2009  5,014.40   4,924.75   89.65
>>         ^NSEI  11/13/2009  5,017.90   4,942.65   75.25
>>         ^NSEI  11/16/2009  5,073.20   4,994.00   79.20
>>         ^NSEI  11/17/2009  5,074.00   5,010.15   63.85
>>         ^NSEI  11/18/2009  5,079.30   5,041.65   37.65
>>
>>
>>   If you observe the lows not a single day since 3rd Nov 2009, previous day
>> low has been breached in spite of some selling pressure on some days during
>> late hours. Higher high and higher low continues but the daily range is
>> getting smaller.
>>
>>   cheers
>>   vish
>>
>>
>>
>>
>> ------------ --------- --------- --------- --------- --------- --------- --------- ---
>>   From: vish <vichooo_1999@ yahoo.com>
>>   To: Technical-Investor@ yahoogroups. com
>>   Sent: Tue, November 17, 2009 7:28:57 PM
>>   Subject: Re: [Technical-Investor ] options data 1711
>>
>>
>>
>>
>>   Options with increase in OI
>>
>>         Ticker  Date/Time  close  ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         CE4900NIFTY1209  11/17/2009  273.05   (11.95)  1,185,600   1,466,700
>>   1,073,550   908,050   162.54
>>         PE5100NIFTY1109  11/17/2009  84.80   (11.60)  3,694,550   1,869,450
>>  (214,250)  240,050   14.73
>>         PE4800NIFTY1209  11/17/2009  76.35   (9.00)  772,400   1,470,750
>> 494,000   238,050   19.31
>>         CE5100NIFTY1109  11/17/2009  51.20   (7.80)  9,741,900   3,997,950
>> 1,354,650   232,400   6.17
>>         CE5000NIFTY1109  11/17/2009  106.30   (7.30)  9,761,900   3,799,350
>>  3,993,750   223,700   6.26
>>         CE5000NIFTY0310  11/17/2009  358.10   (18.90)  200,050   291,300
>> 199,000   200,000   219.06
>>         CE5200NIFTY1109  11/17/2009  18.95   (6.85)  4,125,900   3,086,350
>> 619,950   182,550   6.29
>>         PE5000NIFTY1209  11/17/2009  137.40   (10.70)  456,650   1,103,550
>> 212,550   178,400   19.28
>>         CE5200NIFTY1209  11/17/2009  112.05   (9.05)  391,100   1,141,200
>> 155,950   134,300   13.34
>>         CE5100NIFTY1209  11/17/2009  155.60   (11.25)  341,600   910,500
>> 87,150   127,800   16.33
>>         PE4500NIFTY0110  11/17/2009  63.00   (3.25)  113,950   121,350
>> 112,950   112,750   1,311.05
>>         CE5300NIFTY1109  11/17/2009  6.05   (3.50)  1,259,800   1,973,100
>> (43,450)  112,400   6.04
>>         PE4600NIFTY1209  11/17/2009  41.95   (4.90)  284,600   1,509,800
>> (389,250)  111,100   7.94
>>         PE4300NIFTY1209  11/17/2009  19.05   (2.75)  305,400   2,034,700
>> (77,000)  100,050   5.17
>>
>>
>>
>>   Options with decrease in OI
>>
>>
>>
>>
>>         Ticker  Date/Time  close  ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         PE4600NIFTY1109  11/17/2009  3.10   (3.15)  1,555,450   4,316,050
>> 173,050   (345,850)  (7.42)
>>         CE4800NIFTY1109  11/17/2009  271.50   (4.95)  437,350   2,172,050
>> 23,850   (253,350)  (10.45)
>>         CE4900NIFTY1109  11/17/2009  182.60   (5.15)  1,089,000   2,572,800
>>  207,150   (227,850)  (8.14)
>>         PE4900NIFTY1109  11/17/2009  21.50   (8.45)  7,052,650   5,792,750
>> 1,125,650   (155,500)  (2.61)
>>         PE4700NIFTY1109  11/17/2009  5.50   (4.70)  2,777,500   5,662,800
>> 65,850   (155,400)  (2.67)
>>         PE4500NIFTY1109  11/17/2009  2.45   (1.65)  944,350   4,537,600
>> (209,950)  (141,800)  (3.03)
>>         PE4400NIFTY1109  11/17/2009  1.85   (1.30)  580,600   2,660,600
>> (319,150)  (101,500)  (3.67)
>>         PE4200NIFTY1109  11/17/2009  1.35   (0.65)  240,950   1,245,350
>> 3,500   (101,200)  (7.52)
>>         CE4700NIFTY1109  11/17/2009  364.35   (4.45)  175,300   2,113,300
>> 14,100   (79,700)  (3.63)
>>         CE5400NIFTY1109  11/17/2009  2.35   (1.85)  386,000   1,119,600
>> (150,350)  (55,500)  (4.72)
>>
>>
>>   Puts shorts are being covered. Prelude to a fall?
>>
>>   Max OI  in nifty options
>>
>>   Nifty Range is now 4800 to 5100  ( No change fr 4800-5100 on  Monday)
>>
>>
>>
>>         Ticker  Date/Time  close  ch in Pr  volume  Open Int  ch in volume
>> ch in OI today  ch in OI % today
>>         PE4800NIFTY1109  11/17/2009  10.80   (6.50)  4,495,700   6,268,250
>> (62,750)  49,150   0.79
>>         PE4900NIFTY1109  11/17/2009  21.50   (8.45)  7,052,650   5,792,750
>> 1,125,650   (155,500)  (2.61)
>>         PE4700NIFTY1109  11/17/2009  5.50   (4.70)  2,777,500   5,662,800
>> 65,850   (155,400)  (2.67)
>>         PE5000NIFTY1109  11/17/2009  44.25   (9.85)  11,991,650   4,849,800
>>  3,533,000   (54,800)  (1.12)
>>         PE4500NIFTY1109  11/17/2009  2.45   (1.65)  944,350   4,537,600
>> (209,950)  (141,800)  (3.03)
>>         PE4600NIFTY1109  11/17/2009  3.10   (3.15)  1,555,450   4,316,050
>> 173,050   (345,850)  (7.42)
>>         CE5100NIFTY1109  11/17/2009  51.20   (7.80)  9,741,900   3,997,950
>> 1,354,650   232,400   6.17
>>         CE5000NIFTY1109  11/17/2009  106.30   (7.30)  9,761,900   3,799,350
>>  3,993,750   223,700   6.26
>>         CE5200NIFTY1109  11/17/2009  18.95   (6.85)  4,125,900   3,086,350
>> 619,950   182,550   6.29
>>         PE4400NIFTY1109  11/17/2009  1.85   (1.30)  580,600   2,660,600
>> (319,150)  (101,500)  (3.67)
>>
>>
>>
>>
>>   Nifty data since 3/11/2009
>>
>>         Ticker  Date/Time  open  high  low  close
>>         ^NSEI  11/3/2009  4,712.25   4,729.85   4,538.50   4,563.90
>>         ^NSEI  11/4/2009  4,567.30   4,717.80   4,565.00   4,710.80
>>         ^NSEI  11/5/2009  4,711.65   4,776.35   4,610.60   4,765.55
>>         ^NSEI  11/6/2009  4,767.50   4,836.20   4,764.85   4,796.15
>>         ^NSEI  11/9/2009  4,796.15   4,905.25   4,789.90   4,898.40
>>         ^NSEI  11/10/2009  4,898.90   4,947.70   4,860.10   4,881.70
>>         ^NSEI  11/11/2009  4,882.30   5,016.70   4,870.05   5,003.95
>>         ^NSEI  11/12/2009  5,004.40   5,014.40   4,924.75   4,952.65
>>         ^NSEI  11/13/2009  4,952.35   5,017.90   4,942.65   4,998.95
>>         ^NSEI  11/16/2009  4,996.50   5,073.20   4,994.00   5,058.05
>>         ^NSEI  11/17/2009  5,058.95   5,074.00   5,010.15   5,062.25
>>
>>
>>   If you observe the lows not a single day since 3rd Nov 2009, previous day
>> low has been breached in spite of some selling pressure on some days during
>> late hours. Higher high and higher low continues.
>>
>>
>>
>>   FII & DII Turnover (BSE + NSE)
>>         (Rs. crore)
>>        FII  DII
>>         Trade Date Buy Sales Net Buy Sales Net
>>         17/11/09 2,376.47 1,913.05 463.42 931.18 1,166.72 -235.54
>>         16/11/09 2,446.31 1,901.67 544.64 843.31 1,137.95 -294.64
>>         13/11/09 2,156.51 1,685.39 471.12 1,076.34 1,101.74 -25.40
>>         Nov, 09 28,655.36 25,434.71 3,220.65 15,295.63 14,229.23 1,066.40
>>         Since 1/1/09   * 517,589.53 496,185.73 21,403.80 269,835.84
>> 244,985.84 24,850.00
>>
>>   Based on Highs and lows and the continued FII buying, outlook continues to
>> be bullish but options data suggests caution as some profit booking in puts
>> have taken place.
>>
>>   cheers
>>   vish
>>
>>
>>
>>
>>
>
>
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>
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Re: [Technical-Investor] Perfectionism-Please take 5 minutes and read carefully

 



PERFECTLY said.........
 
rk
----- Original Message -----
Sent: Saturday, November 21, 2009 10:48 AM
Subject: [Technical-Investor] Perfectionism-Please take 5 minutes and read carefully

Perfectionism

Trading is not about perfection. It is about probability and progress. All charts, analyses (fundamental and technical) and trading plans are built on probabilities.

Why then, do so many traders strive for perfection? Why do so many traders miss trades, waiting for exactly the right entry and then beat up on themselves when it doesn't come and the position runs away while they sit there scratching their heads and condemning themselves?

Why are so many traders trying to turn a game of probability into one of 100% certainty?

The answer lies in one of the cardinal sins of trading which is PERFECTIONISM.

Perfectionism can be a great help to people in many professions, but can be fatal to a trader. Perfectionists, always trying to find the Holy Grail of trading go from one service to another, from one system to another, looking for a way that they can be right all the time. YES! Now, I found it. It's this trading room, or this service, or this indicator! Wait… something is wrong here. Not all of these trades are working and I have draw downs! How can it be that this particular method failed and I actually had to take a loss? Must be something wrong. I will try harder and look for an even better system, a more expensive service, a new and improved guru, some absolutely no-fail software so that I can have ONLY WINNING TRADES.

This is perfectionism in action. Not only does this type of irrational behavior and belief undermine and demoralize a trader, but it takes away all the enjoyment and fun of being in the markets. It leads to depression with depletion of psychic and physical energy, and leaves the perfectionist to confront his basic and overriding fear— fear of failure. In the extreme, it leads to physical and mental illness, including addiction to prescription drugs, alcohol, or illegal substances as well as other addictions. The pain of failure or the haunting fear of failure is simply overwhelming, and one turns to whatever works to medicate the pain.

If you have a perfectionist mentality when trading, you are setting yourself up for failure, because it is a "given" that you will experience losses along the way. You must begin to think of trading as a game of probability. Your losses ( that you hope will return to breakeven) will kill you. If you cannot take a loss when it is small ( because of the need to be perfect), then you will watch that small loss grow into a larger loss and so on into a vicious cycle of more and more pain for the perfectionist. Trading on hope does not work. The markets can remain irrational for a lot longer than you can remain solvent.

The object should be excellence in trading, not perfection. Moreover, it is essential to strive for excellence over a sustained period, as opposed to judging that each trade must be excellent. This is a marathon…not a sprint.

The greatest traders know how to take cut losses and let winning positions run. Perfectionists often do exactly the opposite. They get in at the wrong time, stay in too long and then get out the wrong time. Perfectionists are always striving and never arriving. The market will find the flaw in a perfectionist trader and exploit it day after day. The market is your greatest teacher and your most demanding critic, so take this wonderful opportunity every day to learn about yourself and make yourself strong.

If you see in yourself this trait of perfectionism rearing its ugly head, it's OK to get angry at it and even yell or curse at it. Do whatever it takes to acknowledge it and then find a way to fix it.

Here are a few suggestions:

  • Try to appreciate and enjoy the process as well as the outcome.
  • Set more achievable and realistic goals for your trading.
  • Remember that your self-worth and your worth as a human being to those who love you does not fluctuate from day to day depending on if you win or lose that day.
  • Focus less on achievement and more on enjoyment. Trading is serious, but it should be fun and not something which one approaches with fear and dread.
  • Lighten up. Laugh more (especially at yourself).
  • Learn from your mistakes, and forgive yourself and make peace with your past. Strive to be better…not perfect…just a amazing human work in progress.
"If we were always to wait for the most favorable combination of circumstances, no enterprise would ever be undertaken. There can be no end without a beginning–there was never an enterprise in which everything fitted in perfectly, for chance plays a leading part in the affairs of all men. Obedience to rule does not ensure success, but success, on the other hand, furnishes a canon – a rule of conduct" ~ Napoleon Bonaparte
 
THANKS & REGARDS


MEERUT MONEY MANAGERS (MMM)
www.meerutmoneymanagers.com


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