Candlestick patterns are not an absolute trading method neither using them gives an edge in the Market. How many Times have you failed trying to buy and sell at conventional candlesticks? Have you ever back tested the Candlestick Patterns? What is the probability ratio? If you tried answering these questions you will find out that, Candlesticks are worse than Moving averages when compared with static evidence
2014 was a year of remarkable returns in equity market. Even with poor geopolitical situations from Ukraine to Middle-east- Investors enjoyed the Bullish fun feast and Dow theorist licked their chopsticks,but events are lining up a different way . 2015 likely will be a year of volatility and uncertainty.
I tried to understand how Indian economy might perform in 2015 by analyzing some statistics and macro trends, wittering around graphs and pictures these are my conclusions for 2015 based on common sense and logic.
One of my favorite trader,Paul Tudor Jones once said “I believe the best Money is at the market turns, Everyone says you get killed trying to pick tops and bottoms – Well for 12 years ,I have missed the meat (Trend)in the middle but, I have made lot of money at tops and bottoms”.
Whether you’re an Investor or a speculator Knowledge,Experience and discipline are the keys for successful market profits.Every serious market player travelling along the path understands the value of knowledge,Some serious knowledge about markets accomplished by reading books-articles or by gaining experience along the way of ups and downs.
The beauty of price action is its enormous flexibility, and various application through different methods and strategies. It can be modified, restructured, can be back tested using programming skills. In this way Price action is not just a discretionary trading strategy, but overall fine tuning aspect which anyone can use and modify according to their ideas.
Price action is a study of technical analysis that can bring quite a bit of benefit to the trader. By focusing on price and price alone, investigating previous movements and how markets have reacted – traders can look to get the cleanest technical picture of a given market that might be available.
Markets are complicated. Market analysis is complicated. Developing a trading method certainly can be complicated. But trading cannot be complicated. The act of placing trades and evaluating results must be as streamlined and simplified as possible. Here are a few suggestions for things you can do today, with investing an enormous amount of time and energy, to improve your trading or investing.
We know the famous statement,95% of retail traders are losers and I don’t know if this is true! because there is no clear evidence or statistics about that.But regardless,the question you must be asking yourself is “What are those 5% of traders doing that set them aside from the losers”. The internet is filled with clever marketers that know how to target those emotions of yours in fancy sales pages.They promise you the world and build up your hopes high, only to disappoint you with a crappy low quality product that doesn’t work.
The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation, as used by many retail traders and often institutionally where algorithmic trading is not employed. Since it ignores the fundamental factors of a security and looks primarily at the security’s price history — although sometimes it considers values derived from that price history — it is a form of technical analysis
If there is one thing that bugs a lot of market participants is the credibility of the Technical Analysis and understanding whether is it useful or not in actual application.Here I am trying to map out the exact myths and facts of Technical analysis in simple terms which might help us to grasp the key points.It is not the first time such a debate is proposed under the table.
Tata consultancy services is one of the few popular stocks in the service sector.But recently-it moved into a Range bound environment which caught my eye. Technically market is in a consolidation Phase