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| Technical Analysis The technical arena of indiTraders |
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| The Following User Says Thank You to que sera sera For This Useful Post: | ||
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Thanks guys,
I would love to post more but the only problem is the time constraints since I'm busy with Forex Trading more than the Stocks. If I'm able to find a Broker who offers CFDs on Indian Stocks then I'm sure that will create the interest in Nifty and force me to look at these stocks on regular basis ... Cheers, Asher ichi360
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| The Following 3 Users Say Thank You to ichi360 For This Useful Post: | ||
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Ichimoku Analysis is perhaps the best tool in Technical Analysis when it comes to find the Support and Resistance in market. The good thing is that it gives extremely clear signals of when to enter or exit from a Trade and also when to hold your Investments (as you can see in the Chart).
In this particular example, you would have entered into the Long Trade at around 214.00 just after the Kumo Breakout and the Signal was also confirmed by a Bullish Chikou-Span (Green line). The highest price we've seen since our Entry was 627.60 which means a profit of 413.6. Just assume if we bought 1,000 Shares of Tata Steel at 214, you should have had a profit of 403,000 (based on the closing price of 31st Dec 2009 at 617.6) which is more than 200% ROI of your initial investment. |
| The Following 3 Users Say Thank You to ichi360 For This Useful Post: | ||
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ICHIMOKU seems to be the safe trading system, AND THATS WHY THE RIGHT TRADING SYSTEM.
I have added exploration and reinforced signals numbering them. Numbering as follows-- Strong Signals---1 Medium Signals--2 Weak Signals----3 Please read original maker remark, who found many times Weak Signals perform better, while many a times strong signals fail. |
| The Following 14 Users Say Thank You to shiree For This Useful Post: | ||
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Your Friend... The Trend!
By Brandon Wendell, Online Trading Academy Senior Instructor and Trader Mentor In analyzing many new traders' performances, I have seen a disturbing pattern. I notice that they are willing to enter long and short positions in the same security, in the same trading day. When I analyze their trades with them, they quickly see how one side of the market was much more profitable than the other. So why do we try to fight the trend instead of embracing it and trading in the safer, more profitable direction? Read full article at--- Lessons from the Pros - 12/30/2009 Issue - Stocks Article: Your Friend... The Trend! Last edited by shiree; 03-01-2010 at 12:27 PM. |
| The Following 8 Users Say Thank You to shiree For This Useful Post: | ||
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