Wednesday, May 12, 2010
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Charts for the Indian Stock Markets...Realtime and EOD...Nominal Fee For An Awsome Service...!
Charts for the Indian Stock Markets...Realtime and EOD...Nominal Fee For An Awsome Service...!
About Me
- Tryin2Trade
- Hi, I am Manoj and I am trying to be an investor/trader with more emphasis now on investing side.This blog is an attempt to Discipline myself and also serve as my Diary, for recording what I call Ramblings Of An Insane Mind.Since learning is a never ending curve I intend to share my notes with friends who are interested and also would like to learn from others.The posts in this blog are nothing but notes I am making for myself.Nothing on this site should ever be interpreted as advice, research or an invitation to buy or sell any securities. TRADE LESS TRADE SMART!!! Hit me with brickbats at tryin2b@gmail.com
Blog Archive
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2010
(213)
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May
(20)
- Wolfe Wave To The Rescue?????
- Hidden Negative Divergence????
- Nifty Futures Update!!!
- Gold Views!!!
- Reliance Futures.....A Wedgeee Play???
- SnP 500 Views!!!
- Nifty Views!!!
- A Tale of an H&S and Two Divergences!!!
- Shanghai Composite Views!!!
- Readers Contribution....BalrampurChini !!!
- Do You Have A Checklist??? Never Too Late To Make ...
- ICICI Views!!!
- Weekly Glance At The World Indices!!!
- We Lose Some...and Then We Win Some!!!
- ONGC Views!!!
- RIL Views!!!
- SnP 500 Views!!!
- Dollar Views!!!
- SnP 500 Views!!!
- Price/ Volume Breakout Scrips!!!
-
▼
May
(20)
Stuff I Keep Coming Back To
- A Double Top Or A Double Bottom
- A Guru Or A Mentor?
- ADX
- Bear Necessities
- Dennis Gartman’s Trading Rules
- Divergence
- Do You Have A Checklist??? Never Too Late To Make One!!!
- Gaps
- How To Make Money In Bear Market
- Kiss
- Lessons In Investing From The Ancients
- Linda Raschke On Breakouts
- Linda Raschke On Swing Trading
- Linda Raschke On Trading First 30 Mins Breakout
- MACD
- Of Fake Moves...ShakeOuts And End Runs
- Of Inflation Interest Rates
- Presenting NH-NL Index
- Profits From Short Trades
- RSI
- Rule Of 72! It Doesnt Get Easier Than This
- Sell & Sell Short
- Ten Rules for Trader Longevity By Teresa Lo
- The Break-Even Curve
- The Seeking Alpha ETF Investing Guide
- The TA Process...Sweet And Simple...
- This is the Simplest Way You can get to Identify Price Action!!!
- Trade Price...Not The Indicator!!!
- Traders Rehab Program
- Trading Plan For Myself
- Trading Survival Rules
- What Is Open Interest
- You Think..Therefore You Are
Blogs I Frequent
- Afraid To Trade
- Alan Farley
- Barel Karsan
- Bramesh Bhandari
- Brett Steenbarger
- Chris Perruna
- Deepak Singh
- Fundoo Professor
- Gaurav's Blog
- Investment Tools
- Jagoinvestor
- Just Nifty
- Michael Kahn
- Nooresh Merani
- OJN 2
- Pradeep Bonde
- Stock Market Technicals
- Taz Trader
- The Equity Desk
- The Kirk Report
- The Simple Dollar
- The Third Eye
- Toni Hansen
- Trader Mike
- VFM
- Vfm Commune
My Fav Books on Trading
- The Disciplined Trader by Mark Douglas
- The Master Swing Trader by Alan Farley
- Technical Analysis of the Financial Markets by John Murphy
- Come Into My Trading Room by Alexander Elder
- Trading For Living By Alexander Elder
- Encyclopedia Of Chart Patterns by Thomas.N.Bulkwoasky
- Technical Analysis Explained by Martin.J.Pring
Some Links To Learn Technical Analysis
NEWs You Can Use
Twitter Updates
Facebook Badge
When the facts change, I change my mind. What do you do, sir?
Followers
My Book Shelf
4 comments:
Manoj sir,
Today also I observed it worked. If a day trader can get a system which works 70% and in the rest 30% opposite trades work with 90% probability what more can he ask. A day trader cant do much analysis especially in this case where he has to put his trades in 1st 5 min. in additionif he keeps 0.8-1 as target he might get a guud success rate. If open=high short for 0.8% if open = low long for o.8%. 70-80% success can give u decent returns.
Now problem is opening price is usually different in charting packages. Few ppl ignore few ticks to get opening price. How shud this be incorporated.?? I don’t know pls show some direction.
We shud try this with equity or future?
I guess researching this will have its reward but the doubt regarding opening price is lingering. Pls enlighten
Piyush Hi...
Damn I am impressed by the statistics you have come up with...
Ok first things first....you can take prices from NSE site...
Secondly.....I am not a huge fan of day trading...in fact to admit. I was a complete fiasco.....looser...maybe thats because, I am not made up for all those intra day gyrations...this might give me ulcers someday :-( !
You can try them both in equity and futures!!!
Cheers!
manoj sir
The problem is I did not know anything earlier. I used to take prices frm my trading software ‘now’. Later on found ilango sir ignoring few ticks. Even they used to say that nse punches few orders it the start.that is why we do not see gaps in nse data. How do we incorporate this.do they do this in futures too or all futures data is actual trading. Like yesterday(14 may) nifty open and low at the start was 5165 one cud make 15 points on upside easily. 2nd principle if it reverses it reverses by good margin. Everybody knows what happened in afternoon.
If failed in equity (icici bank) one day prices broke o/h just by rsi o/h taken frm now and not website
Planning to make a marketwatch for selected scrips to watch o/h and o/l in 1st few min of trading and later on analyse behaviour.
Another advise required if possible. I used 2652 method of daytrading which trades on breakout. 1st 15 min range is taken and previous day’s range is multiplied by 0.466, o.733 and 1.333, whichever pdr is just greater we buy/sell that break with small profit and sl. It gives 60% accuracy, is there any method which coming to ur mind to improve the system. Here profit is smaller than sl so 60% accuracy doesn’t make money it is just breakeven. But I read this system giving 85% accuracy for some I trade in dlf, tatamotors, tatasteel and icicibank for it. As u r experiences can u suggest something that can make this system work better
Piyush...
Once again I am NOT the right person to advise you on intra/day trading..
2652 method...pardon my ignorance but I am not aware of it...
Any method which gives you 60% accuracy and you follow it with 100% discipline is a WINNER!!!!
Remember we dont have any control over what the market can give us...yet we have full control over what market can take from us....and the GOD of TRADING is your STOP!!!!....
Stops let you decide how much you are willing to relinquish......
Follow whatever trading style that suits your temperament...
But follow it....and follow it with all conviction....
Cheers!!!
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