This Tech. tool keeps you on the right side. Take trades once this gives the go ahead. Until then, don't enter.
SLOW MACD(12,26,9) is a trend & momentum indicator.
S.MACD provides clear buy & sell signals using either "Turning dn or up & Triggering" as well as divergences.
Always start with higher t/f (WeeK) to align with the current forces. It does not mean, there won't be any counter trend moves for which you need to step down (Day & Hour).
Know the trade taken based on the t/f & accordingly stay for big move(week) or exit quickly (Hour)
Having followed most indicators (used to calculate formula & write dn & plot it in graph paper; hence, felt them), you just need S.Macd to make consistent money.
You don't need to make money every hour But like the fishermen, wait patiently for the signal, be it Hour/ day or week
Trend following is this:
You could do HH & HL or LH & LL but you'll miss out much-that's OK for investments.
For a trader, this trend indicator is a true friend; It'll not let you down. It keeps you on right side of trend if only you read them from top(Week) to down(Day & Hour)
Trend doesn't discriminate between motabhai & chotabhai.
When it changes direction, do not fool yourself with fundamentals & news flows. Price is king & it gets reflected as trend.
Learn to discriminate between a downtrend & a correction as shown in the week chart.
RSI or Macd ?
It's ok to sit on a debating table & argue. When in business, your money is at stake follow which ever works well. Do not follow MACD just because a good presentation is put forth. IF RSI works & makes money for you, don't abandon cos' you're used to it
Your choice
Trend following for Intraday/positional trading: #Tataconsum
Week trend: UP & above trigger(Not shown here)
Day trend: UP & above trigger
Hour trend: UP since 19th 13.15Hrs & triggered on 20th
15-Min trend: Trending up since 19th 12.15 Hrs.
Once 15min./Hour trigger down, exit.
Trend following for Intraday/positional trading: #SunPharma
This template for safe trading
Pharma sector in uptrend;
Better stocks there-Cipla, Cadilla, Divis, etc; still this most under performing stock gave good returns in ST trading.
Remember: To take profits off the table.
Become independent.
This template for trading but week/ Day for investments.
It works. You need to believe in them & have patience.
Presently, market consolidating. Don't attempt anything against current downtrend(corrective)
Once you get the "all clear", right position to trade
Remember it was suggested that IT stocks have topped out few weeks ago. It was based on this trend indicator
Since then, IT stocks rose to form -ve divergence. How do you trade, then ?
Once you get week signal, you, then, look for signal from Day & hour combination to give "sell"
Remember it was suggested that FMCG stocks have bottomed out few weeks ago. It was based on this trend indicator.
Now, Day suggesting a sell with Hour displaying -ve divergence.
Stocks like #Hdfc, #Hindunilvr, #Asianpaint (MF holdings) have some smooth movements.
This Tech. tool keeps you on right side. Take trades once it gives the go ahead
SLOW MACD(12,26,9) is a trend & momentum indicator
It provides clear buy & sell signals using either "Turning down or up & Triggering" & divergences
Current buy signal producing almost 750 points🙏
One of the old, classic Technical tool:
MACD - Moving Average Convergence Divergence.
Using it for many years with 3 t/f, week/Day/Hour - produces good results when you patiently wait for combined signals. Other times, use it with small exposure.
Remember: Market cycles repeat
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#Nifty seems to have done a 5 from 15579 to 15876.
Look at retrace: "15763" - 38%
78.6% retrace of 15962-15579 fall is "15880", high is 15876
Bearish view remains
However, the structure from 15579 to 15876 is of 5 waves & not "abc"
However, we keep a sl below 50% retrace of this rise @ 15728
Presently (2)nd wave unfolding holding "15725"
Keep both options open
Whenever you find 2 scenarios in play, wait for "resolution"
Aggressively, you could initiate a trade at critical reversal zone
For Eg: Rise fm 15769 was part of (iii)rd as per 1 scenario and 1st of that would pause at 15864-884 as per pivots. you sell & cover @ ivth, 15769
#Itc
having moved up from 200.9 to 209.65 (1st wave), consolidating in a "Flag pattern" so far.
Ahead of Q1 results, it could trade in "206 - 208.75" range.
Break out above "208.75" (for the 3rd wave/ "B" of 2).
View gets negated below "204-205"
#Itc
EW points out to low risk zones - 206.2-206.5 as (2)nd wave for targeting 208.5+ for (3)rd.
IF fails, you lose small; IF works, you gain big, LRHR.
#Itc
EW points out to low risk zone-206.2-206.5 as (2)nd - "Low done "206.5"
That's how you choose LRHR trades
This is 5 min t/f; choose in Hour or Day t/f a similar (1) & (2) set up, imagine the gain of (3)rd wave
Let us see IF this one does a good (3)rd of 5 min. t/f to 208.5
Can one depend on Technical analysis signals for trading & expect to generate regular income? If TA helps you generate accurate signals with an annual return of 40%-50% then all the traders must be millionaires & no one would lose money, but that doesn’t seem to be the case. 1/n
So what are the limitations & how can one expect to EARN A LIVING BY TRADING
Larry Williams generated documented 100000% returns when he won Robbins Cup Trading Championship. He was teaching the EXACT Trading techniques & TA principles that he used in achieving these results
2/n
When asked during training If you are going to give away your secrets to everybody in the world, all will use them & if all will do the same, no one will get anything. So why are you giving it?
He said, " YOU ARE WRONG"! He further said, "EVERYONE WILL DO IT IS A CHIMERA!"
3/n
#Nifty on making a low of 14626 displays +ve divergence & has completed downside normal targets of Pivot & Camarilla tables.
#Nifty does a double +ve divergences.
As per pre-market plan, only a breach of 14595 would be bearish.
Low done 14603 & trading @ 14641... more to come holding 14610.
#Nifty divergences failed; 14610 broken.
Higher t/f - week's weak technical taking it's toll.
Heading towards lower end of BB/ Channel break...