Thursday, June 5, 2014

Nifty breaks out of the consolidating channel @ 7425.


shriram said...

The Idea-train is flowing today ,so let me write it as i get it...

From an EW perspective, Markets have 2 primary MODES, Motive & Corrective
Learn to use EW as a philosophy & now use SCIENCE to make the ART more Hi-prob.

Digi. Signal Processing Maths & Radio Theory allow for mathematical segregation of the market in 2 modes
1. Consolidation / Corrective --> HiFreQ noise
2. Trending / Brkout-down --> Low FreQ DATA

What we need is a MATHEMATICAL "FM Radio" ... One that Dynamically tunes out the Hi-FReQ Noise (whipsaw) & only plays the Low-FreQ Melody of TREND !

Signal -to - Noise Ratio (SNR) : Low-FreQ TREND / Hi-FreQ Noise ...threshold for this ratio determines the % Quality of a Corrective ending & a new TREND EMERGING

Then our job reduces to search for PATTERNS (WW, EW, classic TA, harmonics), & OI behaviour that allow such a SNR trigger to generate a Hi-prob , Hi R:R, TRADE TRIGGER

Work out ur ENTRY, place the ISL, know ur Tgts for Exit.. Pre-program it in ur head & then Execute

Science + Art + Discipline + Arjun Focus --> Maketh a Trade Warrior :-)

deepak pinto said...

Today market had to do it and did it in style.
0 b tl of the flat corrective.has been broken in lesser time than c formed.
Also today it belied the fact that a triangle was forming. It had given an early indication early on with a gap up and sharp upmove at the start of the present impulse.

deepak pinto said...

As a suggestion to choosing a system
Go with the one that responds to change in a tf which is suitable to ones temperament , time available, risk appetite.
The more the system is in sync with price action the better.
As the only thing constant is change

Pattern Trading said...

Good evening master and all blog amtes

Hindalco breakout : CLICK HERE

ankita said...

Any gap up will be selling opportunity.

Ashish Agarwal said...
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