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Signals, so many of them


6 replies to this topic

#1
easha

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    Aoa
    Question is when charts r generating a new reversal signal every day, what should we do. Look at pol first it created 1-bulish harami then very next it is converted in to 2- Piercing pattern and after one more day i think it is 3- inverted hammer shooting star.

    So what can we incurr about trend from three different singnals(one bearish and two bulish) in four days, first two signal r created at 15 day EMA so can we emply that it will not break its 15 day EMA. Should go for majority?

    Regards Easha


    ps:As i am new i may have spotted wrong signals and i have also taken the liberty of relaxing the criteria a litle bit.
    The only thing worse than beating a dead horse is BETTING ON ONE.


    #2
    Adeel

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    View Posteasha, on Aug 25 2006, 01:12 PM, said:

    Aoa
    Question is when charts r generating a new reversal signal every day, what should we do. Look at pol first it created 1-bulish harami then very next it is converted in to 2- Piercing pattern and after one more day i think it is 3- inverted hammer shooting star.

    So what can we incurr about trend from three different singnals(one bearish and two bulish) in four days, first two signal r created at 15 day EMA so can we emply that it will not break its 15 day EMA. Should go for majority?

    Regards Easha
    ps:As i am new i may have spotted wrong signals and i have also taken the liberty of relaxing the criteria a litle bit.
    No your question is very valid as far as technical analysis is concerned and requires a detailed follow up but I am leaving for the weekend right now. However i will try to give further awnsers if you have any, once I come back on monday.

    A quick awnser is to make your own "indicator" list ( not the signals of a single indicator ) and then analyse the scrip based on those indicators and go for the visible majority i.e 2:1 ratio

    Overall trend of market and index heavy weights is also important. follow the rule "NEVER EVER TRADE AGAINST THE INDEX'S TREND IN BLUE CHIP ITEMS". Second and Third Tier scrips however can be traded against the index's trend if all the indicators for that particular scrip suggest same action.
    Adeel Akhtar,

    #3
    mavirk

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    Hi Guys,

    I am very uncomfortable with entry price tragets for stocks that are trading on a high, but have fundamental potential to go higher.

    How does one enter such stocks? Is there any method?

    #4
    Stock Guru

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    Flip a coin :fingerscrossed:

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    #5
    mavirk

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    View PostStock Guru, on Jun 18 2007, 10:34 PM, said:

    Flip a coin :fingerscrossed:

    Good Idea. :goodl:

    #6
    AbDuLmAtEeNkHaN

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    View Postmavirk, on Jun 18 2007, 10:23 AM, said:

    Hi Guys,

    I am very uncomfortable with entry price tragets for stocks that are trading on a high, but have fundamental potential to go higher.

    How does one enter such stocks? Is there any method?

    bro my 2 cent

    if I have 5 scripts which are trading high but have fundamental potential and I donít have any option to select from them then I will select 3 top best from the 5 scripts and see how much shares do I have to purchase each ... if I have to get 1000 shares each then I will go at current rate with 500 and will leave the half in cash format so if any un unexpected situation comes up I will get a chance to avg and I donít get more burden and if it raise from the current more then I will enjoy my 500 and say Allhamdollilah :fingerscrossed:

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