- Understanding Trend is the most basic. Often beginners questions revolve round Trend determination.One good post on this by Tucker report.
- What Indicators trader should use and the steps to follow in looking at a price chart ? 20EMA,50 EMA, 200 SMA and Bollinger Band ( 20,2,0) together with MACD (3,10,0) is the preferred approach of Corey Rosenbloom.
- Reasoning in terms of Key levels to watch, idenfying any confluence in all these price levels, developing an IF / THEN logic will build a solid foundation for the trader.
- Using multiple timeframes in our analysis. Studying daily chart, weekly chart in conjunction or reading both 15-min and 30-min Intraday chart.
- Having tools to detect TREND CHANGE
- Trying to answer the frequent question of best time frame to Trade
- Interesting post on the relevance of Trading Education.
- I will be emphasising on the various free tools available to the Indian retail trader in his quest for trading success.
- This 2-Day ful time program will help investors and traders take independent decisions, make sense of the randomness of markets, decode the jargon of financial media anr recommendations/ tips from brokers and consultants.
Devoted to understanding market mechanics,the market's relentless search for truth and self appraisal with continuous feed back from participants. Appreciating the Camouflage, Deception,Delay, Feedback , Aggression,Decay,Frustation,Tension, and its release, Euphoria,Nurture from the markets
Saturday, December 4, 2010
Technical Analysis training Program
Saturday, November 21, 2009
Fading Other Traders' positions
- Trading floor used to give advantage of reading other traders or Tells.
- Can similar edge be gained in brokerage trading rooms where novice traders positions are displayed to all?
- What are the characteristics of "fadeable" traders ?
- I am surprised to find sometimes the positions of other traders overriding all indicators, TA patterns will give a clue to short term positions.
- If daytrading needs flash opinion on a stock what better market tell than an injured trader on the other side?
- This may sound cruel but the practice of deception is the nature of the market.
- Some characteristics of the trades I can fade are
- When there is a random stop on a losing trade
- Trader has taken a position rather than voicing his opinion
- Revege trading is visible
- Trader is trying to break even
- Cursing or exhorting the financial instrument
- Entering into trade to avoid regret
- Lowering stops on a losing trade
- Avoiding when the trader is strong or profiting in the trade
- Quick and random profit booking by the trader for emotional reasons
- Larger than normal size by the trader
- Timeframe of fadable trader should match your own
Can these observations of traders strength or weakness in a particular trade give an edge at least for entering the position and relying upon TA and indicators for managing and exiting the trades ? I had lot of anecdotal evidence of Stockbrokers fading the positions of their clients when they run their prop books.
Can the daytrader use this as a shortcut cutting across opinions , news, TA and Random noise?
Market Structure differences 2010 Vs 2020
Some of the changes I have observed in Market structure in 2020 compared to around 2010 Huge increase in trading Volumes Predominant ...
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Some of the changes I have observed in Market structure in 2020 compared to around 2010 Huge increase in trading Volumes Predominant ...
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BlackSwan is organising a seminar on Intraday Trading - Best Practices at Hyderabad. 1.Our office is at Flat 402, Srigurudatta Towers, Niza...