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
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Sir,
ReplyDeleteThis morning I ventured to calculate SAR for one of the stocks of my portfolio. But, I faced the following difficulties, which I wish will be eased with your help.
1. RSI peak --- Question is RSI or what period, 14 or other?
2. ATR ----- How to apply the same.
Will you please HELP me learn a little of TA?
SIR,
ReplyDeleteDo come to my help, please.
Hi vvvvv,
ReplyDeletethe approach that i use is subjective and it change with changing market conditions...so it will depend on your stock that you were tracking.
RSI i use is default 14..
ATR can be 1 period for short term...and as high at 3 period for long term
It all depend on what your time horizon is ...I will put a detain post on above...i dont know when...but working on atr and rsi calculator...so that people can know how they actually work....follow the prices...and reduce your dependence on indicators
Try to see 1,2,3 ,5 days of price highs and lows ,and get a feel for it....try to observe the trend without indicators
sir,
ReplyDeleteIt is gmr infra that I was tracking. 1 tr is 4.2 & 3 atr is 4.076 . 5 day high & low 61.95/50.50. 200 dma is 68.45. CMP 55.45. RSI 14 IS @ 31.98 moving upwards.
Question is, as the trend is down what should the SAR be?
hi vvvvv,
ReplyDeleteOk thats great gmrinfra was fine ...no need to provide data (next time onwards)...well trend is clearly down...SAR will be 200 ema on 5 mins charts...you can forget atr and rsi for tomorrow
Atr is used in sideways markets...and as long as it remains below 60 rsi ...its going down....these are just broad rule...applicable for tomorrow,just get a feel of prices(minimize indicator use...see how it has been making Lower highs and lower low for last three day...thats more than enough to tell you its going down)
I hope if you are trading in it you are trading SHORT...good luck