[FREE DOWNLOAD] Pivot Point Calculator for Intraday Trading With Support and Resistance Levels
Hi all,
Pivot point, support and resistance levels are closely followed by day traders/swing traders to initiate and exit trades
I am uploading a Pivot point calculator.
You can download pivot point, support and resistance calculator for intraday trading from here
You can change the values in grey cells and it will calculate the Pivot Point, Support levels(S1,S2,S3) and Resistance levels (R1,R2,R3)
I will discuss the strategies and problems associated with pivot points some time in future.
Cheers
Related File
Download : Pivot Point Calculator Modifiable (Research Version)
Pivot point, support and resistance levels are closely followed by day traders/swing traders to initiate and exit trades
I am uploading a Pivot point calculator.
You can download pivot point, support and resistance calculator for intraday trading from here
You can change the values in grey cells and it will calculate the Pivot Point, Support levels(S1,S2,S3) and Resistance levels (R1,R2,R3)
I will discuss the strategies and problems associated with pivot points some time in future.
Cheers
Related File
Download : Pivot Point Calculator Modifiable (Research Version)
[FREE DOWNLOAD] RSI Indicator - Relative Strength Index Calculator
Hi all,
Relative Strength Index (RSI) is one of the most commonly used technical indicator in trading.
I am uploading Relative Strength Index (RSI) Calculator Microsoft Excel Spreadsheet below.
You can download it from here
Although all the technical charting softwares provide various indicators, but taking a closer look at how an indicator is constructed gives us important insights into the merits and demerits of that particular technical indicator.
Good luck
Cheers.
Related File
Download : Relative Strength Index (RSI) Calculator Modifiable (Research Version)
Relative Strength Index (RSI) is one of the most commonly used technical indicator in trading.
I am uploading Relative Strength Index (RSI) Calculator Microsoft Excel Spreadsheet below.
You can download it from here
Although all the technical charting softwares provide various indicators, but taking a closer look at how an indicator is constructed gives us important insights into the merits and demerits of that particular technical indicator.
Good luck
Cheers.
Related File
Download : Relative Strength Index (RSI) Calculator Modifiable (Research Version)
Download : Fibonacci Extension Calculator
I have uploaded a Fibonacci Extension Calculator
You can change the values in Orange Cells (to calculate the extension of down move) and Green Cells (to calculate the extension of up move)
Hope you find it useful,although most charting softwares come with fibonacci retracement /projection tool ,therefore are better than this excel calculator.
Related File - Download : Fibonacci Extension Calculator Modifiable (Research Version)
[FREE DOWNLOAD] Fibonacci Retracement Calculator
Hi all,
I have uploaded a Fibonacci retracement calculator.
You can download it from here
You can change the values in Orange Cells (to calculate the retracement of down move) and Green Cells (to calculate the retracement of up move)
I will up load the Fibonacci Projection Calculator tomorrow.
Hope you find it useful,although most charting softwares come with fibonacci retracement /projection tool therefore are better than this excel calculator.
Cheers
Related File
Download : Fibonacci Retracement Calculator Modifiable (Research Version)
I have uploaded a Fibonacci retracement calculator.
You can download it from here
You can change the values in Orange Cells (to calculate the retracement of down move) and Green Cells (to calculate the retracement of up move)
I will up load the Fibonacci Projection Calculator tomorrow.
Hope you find it useful,although most charting softwares come with fibonacci retracement /projection tool therefore are better than this excel calculator.
Cheers
Related File
Download : Fibonacci Retracement Calculator Modifiable (Research Version)
Trader's Talk - 08 February 2010
Hello Traders,
Good morning, beginning of a new day and a new week as well
Nifty fell to a 3 month low on Friday,and on Saturday we saw a bounce back because of late reversal in US markets (on Friday),
Situation was looking very bad till late Friday evening.Now every body is 'watching' how we trade close to 200 day Average which is at 4650 ,I will give more importance to 4538 (November low),that is very important as going below that level will mean we make a lower low on monthly basis which is very bearish
We don't know what will happen.Its pointless talking about what will happen 5 days/week/months ahead
Our approach should be simple....we should take one day at a time...and watch just the swing and the SAR
Hope we have a good trading day
You can post all the comments and suggestions below.
Good morning, beginning of a new day and a new week as well
Nifty fell to a 3 month low on Friday,and on Saturday we saw a bounce back because of late reversal in US markets (on Friday),
Situation was looking very bad till late Friday evening.Now every body is 'watching' how we trade close to 200 day Average which is at 4650 ,I will give more importance to 4538 (November low),that is very important as going below that level will mean we make a lower low on monthly basis which is very bearish
We don't know what will happen.Its pointless talking about what will happen 5 days/week/months ahead
Our approach should be simple....we should take one day at a time...and watch just the swing and the SAR
Hope we have a good trading day
You can post all the comments and suggestions below.
INDIAN MARKETS CALLS FOR 08 FEBRUARY 2010
Hello traders,
I am not able to access updated prices on quote.com..data is missing (Friday morning's as well as Saturday's short trading session)
You can keep trailing stops at 200 EMA on 5 mins charts as we are in trending conditions.(I feel that should keep you away from intra day noise as well as keep you with trend)
I am not able to access updated prices on quote.com..data is missing (Friday morning's as well as Saturday's short trading session)
You can keep trailing stops at 200 EMA on 5 mins charts as we are in trending conditions.(I feel that should keep you away from intra day noise as well as keep you with trend)
SAR @ 200 EMA on 5 mins charts!!!
Hi all ,
As per my broker we have a special session tomorrow,I don't know what's on their mind!!!
Timing are 11:00-12:30 (thank god not at 9 am!!)... transactions will be settled on Tuesdays
Although I would keep SAR at Thursdays(4 th feb) closing price...but people can also have 200 EMA on 5 minutes charts as trailing stop for tomorrow (for stocks and index listed in market calls table)
As we are trading so you should be careful and take the day's trading seriously and not ignore the prices,stating that its just trading for 1.5 hrs (you will still have to have stop losses on your positions)
Good luck
Related Post
Download :Calculator for Moving Averages
As per my broker we have a special session tomorrow,I don't know what's on their mind!!!
Timing are 11:00-12:30 (thank god not at 9 am!!)... transactions will be settled on Tuesdays
Although I would keep SAR at Thursdays(4 th feb) closing price...but people can also have 200 EMA on 5 minutes charts as trailing stop for tomorrow (for stocks and index listed in market calls table)
As we are trading so you should be careful and take the day's trading seriously and not ignore the prices,stating that its just trading for 1.5 hrs (you will still have to have stop losses on your positions)
Good luck
Related Post
Download :Calculator for Moving Averages
Trader's Talk - 05 February 2010
Hello traders,
Good morning to all,although the news from global markets is not good
Most of the stops must have been triggered yesterday afternoon ( the rest will trigger at the open today)and disciplined traders must be out of long positions,and experienced traders must be already short ready to book profits today /or carry forward short for the weekend for more gains
But what about a trader who is still long?...well situation will look very uncomfortable,but even if you are long and had solid money management skills you can still work your way around difficult situations.
First loss is the minimum loss that you have on your account,so before market opens you need to prepare your self for every kind of situation.Prepare an exit plan,market will give many opportunities to make profit if we survive.
So prepare for the worst and hope for the best
Intraday bounce should be sold from now onwards till be get a swing reversal
Be careful of the weekend ahead,they generally create a more bearish/bullish sentiment and current week sentiment get carried forward to next week
We all know that Mondays are very notorious,21 January 2008 (Strong bearish sentiment day) and 18 May 2009 (strong bullish sentiment day) were Mondays...If you were holding positions opposite to the recent trend at that time, it would have been painful
I am not try to create a panic here,the idea is not be careless with your stops,and don't try to catch the falling knives and never average your losing trades
Stock markets are leading indicators of economy.So while the news on economy may be good now,market may be looking at situation months ahead and factoring those conditions now
So forget the news good or bad and follow the prices
Please write all your comments and suggestions in this post...I will be posting this daily, titled "Trader's Talk"
Please write all your comments and suggestions in this post...I will be posting this daily, titled "Trader's Talk"
Good luck
Trading For Living - Is it for You?
Hello Traders,
Recently there was a discussion in Sudarshan's Blog about Trading for living and whether it was a practical idea?
you can check the details in these post
http://www.sudarshanonline.com/2010/01/trading-is-business-also-hobby.html
http://www.sudarshanonline.com/2010/01/trading-is-about-risk-capital.html
I made certain comments about the topic....which were as follows
Hello Sudarshan ji and readers,
whether trading can be done for living is an endless debate.
I firmly believe that trading can be done for living provide certain conditions are met
For example
1)A trader should have enough experience (10,000 hrs)before he decides that he wants to trade for living (if you start to trade for living from day one ...you will fail...badly)
2) A trader should be sufficiently capitalized (if you are trading one contract of mini nifty you should have complete value of contract in your trading account ie 1 lakh approximately),and enough money to trade multiple contracts.With multiple contracts taking ability you can practice better money management
3)Trader should not have any other debt(like educational loan in the case mentioned before)
Odds for achieving success become quite favorable if above conditions are met however experienced traders can work in very demanding conditions as well
Trading is like business,just as you have millions of people running their businesses successfully, so you can be successful too ...quite a lot of businesses fail,so you can fail too in trading
Understanding the risk and managing the risk is all you need
Sudarshan ji, I have been reading your blog since i started trading I am really thankful for your continuous support to fellow traders.
I have recently created a blog,apart from providing global and indian markets updates,my main objective is guiding traders to become responsible and consistent traders
this post the most important in my blog which every trader should read
I call it my holy grail
http://financeandtradingmadeeasy.blogspot.com/2010/01/holy-grail-of-trading-roadmap-to.html
Thanks ,god bless
******************************************
Finding your own space in the trading world is very important,and that takes a lot of time and effort
The sooner we realize that easier and less painful will be our journey towards our goals.
Life (as well a trading ) is all about probabilities,when certain things align in certain ways, things tend to look easy.We find an effortless way around things that once seemed complicated and impossible.
Good luck with your trading
http://www.sudarshanonline.com/2010/01/trading-is-about-risk-capital.html
I made certain comments about the topic....which were as follows
Hello Sudarshan ji and readers,
whether trading can be done for living is an endless debate.
I firmly believe that trading can be done for living provide certain conditions are met
For example
1)A trader should have enough experience (10,000 hrs)before he decides that he wants to trade for living (if you start to trade for living from day one ...you will fail...badly)
2) A trader should be sufficiently capitalized (if you are trading one contract of mini nifty you should have complete value of contract in your trading account ie 1 lakh approximately),and enough money to trade multiple contracts.With multiple contracts taking ability you can practice better money management
3)Trader should not have any other debt(like educational loan in the case mentioned before)
Odds for achieving success become quite favorable if above conditions are met however experienced traders can work in very demanding conditions as well
Trading is like business,just as you have millions of people running their businesses successfully, so you can be successful too ...quite a lot of businesses fail,so you can fail too in trading
Understanding the risk and managing the risk is all you need
Sudarshan ji, I have been reading your blog since i started trading I am really thankful for your continuous support to fellow traders.
I have recently created a blog,apart from providing global and indian markets updates,my main objective is guiding traders to become responsible and consistent traders
this post the most important in my blog which every trader should read
I call it my holy grail
http://financeandtradingmadeeasy.blogspot.com/2010/01/holy-grail-of-trading-roadmap-to.html
Thanks ,god bless
******************************************
Finding your own space in the trading world is very important,and that takes a lot of time and effort
The sooner we realize that easier and less painful will be our journey towards our goals.
Life (as well a trading ) is all about probabilities,when certain things align in certain ways, things tend to look easy.We find an effortless way around things that once seemed complicated and impossible.
Good luck with your trading
Trader's Talk 03 - 04 Feburary 2010
Hi all,
I was not able to upload the Market calls tables,due to net/computer problems.I feel that we are moving away from the main objective of the blog ,which is trader's development and providing help in making a person an independent and consistent trader.
So I will think on these lines more from now on and reduce the focus on Market calls,Indian markets call will continue as I feel that quite a lot of people track Indian markets here.
In the comments section I was asked to add Reliance Capital by one of the visitors,so on popular demand I will include Reliance capital and exclude HDIL from tomorrow from market calls table.
Cheers
I was not able to upload the Market calls tables,due to net/computer problems.I feel that we are moving away from the main objective of the blog ,which is trader's development and providing help in making a person an independent and consistent trader.
So I will think on these lines more from now on and reduce the focus on Market calls,Indian markets call will continue as I feel that quite a lot of people track Indian markets here.
In the comments section I was asked to add Reliance Capital by one of the visitors,so on popular demand I will include Reliance capital and exclude HDIL from tomorrow from market calls table.
Cheers
Trader's Talk - 01 February 2010
Hi all,
Good morning,with a fresh week starting today (hopefully every body had a nice weekend) and the markets at a very crucial point, we get down back to business.The reason I say crucial point is that on Friday we experienced a reversal on a potentially bad news (RBI hiking CRR),while in US markets went down on a good news (US GDP was better than expected (5.7%)),making a sense out of these movements is beyond the thinking of a logical mind(perhaps thats why markets are blamed to be random!!!).
Good morning,with a fresh week starting today (hopefully every body had a nice weekend) and the markets at a very crucial point, we get down back to business.The reason I say crucial point is that on Friday we experienced a reversal on a potentially bad news (RBI hiking CRR),while in US markets went down on a good news (US GDP was better than expected (5.7%)),making a sense out of these movements is beyond the thinking of a logical mind(perhaps thats why markets are blamed to be random!!!).
Referring back to market calls table I can see Nifty in down swing and Bank nifty in up swing,a short term low has perhaps been made.With quite a lot of price correction we might settle into a range and that will start a time correction,.so some choppy days may be ahead.Nevertheless we trade as per swing and take home what markets gives us.
Hope you have a nice trading day ahead.
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