@IlangoFrom the TT, the 5DEMA to 55DEMA and the 5SMA to 200SMA are lined up in perfect descending order. Could u please let me know the inference?
@illango sir can you add force index in the charts@just nifty followers does any one use force index with nifty if yes i see -ve divergence can anyone clarify that
@ Indus,It is bullishly aligned; the effort to bring them to a bullish alignment could result in some profit booking.
@ charan prasad,My contention is:Any new indicator would be a modification on the existing one.If markets evolve, you could fine tune the existing indicators.For eg: If 14 period rsi is not effective, change the "period number" to either 9 or 5 depending on the time frame that suits you.All the indicators are derived from just one source namely "Price".Hence, if a person is not able to make money from , say a macd indicator, he is not going to make money from any other indicator.This is not to belittle force index but to emphasize the point that choose a study that suits you and then be steadfast & disciplined with it. Nothing can give you consistent rewards than being loyal to a particular study....till it loses its efficiency.
Goodafternoon master,Please keep on pouring "Golden words".We are making Note.Thanks and Regards Always!!!
Ilango sirRegarding your post above on the use of new indicators , please let me know your opinion on the use of Volume based indicators , use of the same for confirmation of trends and divergencesI recently came across the book ' Investing with Volume Analysis by Buff Pelz Dormeier ' , He is the inventor of VWMA & VPCI.. The book has made me look more deeply at Volume and understand how it affects trends / consolidationsThere is a extremely interesting section on how institutional players hide their volumes under market noise and how to pick the same using specific indicators..Last few days i was thinking of referring that book here so our JN friends here who are interested can look into itYour views will be greatly appreciated..
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5922, POC-5912, VAL-5902, WVAH:5907, Pivot:5915, R1:5937, VWAP:5943PE writers are back, with scattered addition from 6000-5500 level, the Bears are mainly concentrating at 6000 with OI now above 87 lacs, another dull with a range of 22 points in Future…Thanks & Regards
@Ilango,the movment currently is concentrated along 5900-01 i.e around this hour pivot. This is also the support line (and rising). if NS break this then can it be considered as 3rd completed and 4th correction starts...
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Did sis give this advt purposefully?
@ CDG,Golden ratio of the rise from 5880 is held @ 5894.Incase that fails, another golden ratio is positioned @ 5882 for the rise from 5859.Until then, watch the quantum of correction so far....only 24 points.
Ok.. thanks Ilango...
@ Kranti ,Price is supreme.Even the volumes are manipulated with "circular trading".Price can not be manipulated in the higher T/F.The freak fall in DOW few months ago could impact only the "Intraday".If you have a software that does analysis of volume, that would definitely be more efficient than just the study of prices.Watching the price patterns have revealed to me more than enough clues that I have never felt the need for any additional studies. In that sense, Elliott Wave study is the best to capture the price & its patterns with sufficient guidelines for validations, signals of importance, impending large moves.
rishi ji maan gaya that is the reason people have so much respect 4 u
Thank you Ilango Sir.. I greatly appreciate your views.
SujathaSemai adi adichinga ponga.. i am laughing like anything
"Hence, if a person is not able to make money from , say a macd indicator, he is not going to make money from any other indicator."Dear Sir you have very nicely said, you totally agree with you.
@Sujatha sis,What is todays menu idaly or samosa?
HangSang is woopin 500 points up.....What are these guys up to?????
SujathaNan sutha tamilan..thirunelveli..living in pune. Kranti is sort of nick name with certain background
Kranti - OKKKK :) in some places if v call "johny" dog also coming man also coming :P should be careful with name???nilesh ji - am in "ekadesi" mode..u know wat is ekadesi??
NF premium increasing....
New Post Done.
Sujatha mam on fasting...No wonder Nifty is in tight range...
My god..What an example?..Anyway just to put things in perpective I follow Osho and the name given there is part of the process of dis identification techniques...Chetas falls under same category
krantu ! all along you were talikng in confused language , what happened suddenly , dont reveal all our secrets , you have not yet learned how to give confusing answer like akka, :)) too bad
What to do chetas..dog example brought me out from the closet