Popular Posts
How To Become A Stock Trader - 6 Stages Of Development As A Share Market Trader, Trading For A Living – A Practical idea?,How to use the market calls table, Simple Money Management Rules For Online Stock Trading, Buy Only and Sell Only Watch List, How do I calculate Stop and Reverse (SAR) Level ?, How to avoid whipsaws in trading, Inspirational Quotes - For Good And Bad Times, Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines, Diagonal [Leading (LD) and Ending (ED)],Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Flat (FL), Double Sideways (D3), Triple Sideways (T3), Triangle [Contracting (CT) and Expanding (ET)], Download - Elliott Wave Calculator,Free online Black Scholes option value and option greeks calculator,Free Download - Position Sizing Calculator For Stocks, Commodity And Forex Trading Using Microsoft Excel, Stock screener based on comparative relative strength indicator method, How to filter stock's information, to get the data for your portfolio scrips, Calculating Compound Annual Growth Rate (CAGR) for investment, Stock Scan setup using Narrow Range Seven (NR7) Strategy, Average True Range (ATR) Indicator Calculator Excel Sheet, Pivot Point, Support and Resistance Calculator for Intraday Trading, Relative Strength Index (RSI), Fibonacci Extension, Fibonacci Retracement, Compounding Calculator, Simple and Exponential moving average in Excel, DJIA Today [FREE DOW FUTURES LIVE CHART] Price Rate
Anuj,
ReplyDeleteI have seen that your levels seem to be good. Can I ask what's your basis for arriving these? - Unless its proprietary/confidential :)
Hi Girish
ReplyDeleteNice to see your comments here,you are quite active in Viren and Shai's blog.
Regarding levels I feel they are not that good.And I personally have not traded well.I think it depends how an individual trader use the information,probably you know better how to use these levels(to time your entries and exits),while I still struggle.
http://financeandtradingmadeeasy.blogspot.com/2010/01/how-to-use-market-calls-table.html
http://financeandtradingmadeeasy.blogspot.com/2010/01/how-do-i-calculate-sar.html
Above two posts you have the details about the levels and how to use them.
These are short term levels.The key thing is to identify day's range and manage your position with respect short term trend.I am sure you are good with that already.Specially with your open interest skills.
Do share how you use them or any particular strategy around these levels that you use.
Good luck...Cheers.
Thanks man!
ReplyDeleteI will take a look at ur links.
I have been looking at the ICICI bank levels and they seem to have played out well in the past few days. Its just that ICICIBANK has whipsawed a lot around your SAR levels few times. The extremes (range) for ICICIBANK are captured well in your system.
For Nifty I follow Market profile and VWAP for supports/resistances.
@Girish
ReplyDeleteYes after a great run in September we have seen choppy markets,specially during Coal India IPO .Unless one's entry is good,it would have led to bad exits.Trading must have been tough for a majority of people.
Cheers mate!
Hi Anuj,
ReplyDeleteafter a long time, I wrote a new post on my blog - on the topic of use of technical analysis in portfolio management. thought you might be interested. thanks ... best wishes ....
SOM
ReplyDeleteThanks...for telling me about the post...I will check it out soon.Feel free to post a link as well in future