My self invented trading technique for Intra day trading
I wish to introduce myself as M.Ramesh a qualified Chartered Accountant and interested in Research about the Movements of Derivatives such as NIFTY and BankNIFTY and commodities (crudeoil and Natural Gas) in intraday.
This is my self invented technique using the "Theory of Consolidation"
The "Theory of Consolidation" is an untapped resource in the financial markets to predict the movements.
It is more suitable for intraday trading.
I am promoting this idea for the small and medium sized traders in intra day.
Here what i mean as small trader is who is affordable to invest Rs.15000 and medium size trader is affordable to invest in multiples of Rs.15000
Instead of paying for the tips provider you can learn the technique and trade in the market.
Here i dont use any technical indicators because almost all the technical indicators move with the price of the derivative or commodity which wont help you to decide in fixing the trade.
As per my point of view and experience, technical indicators both lagging and leading confuse you in fixing the trade, Because one indicator gives the buy signal and the other indicator gives you the sell signal.
But my self invented technique uses only three displays and NO TECHNICAL INDICATORS
1. Candle Stick Chart
2. Horizontal Lines
3. Fibonacci retracement
The main advantage of this technique is it wont gives you false entries which very common in the financial market. The another advantage is it provides you both the target and stoploss. (if you made a mistake in fixing the target then only stoploss hit) it means target precedes the stop loss
This is my self invented technique using the "Theory of Consolidation"
The "Theory of Consolidation" is an untapped resource in the financial markets to predict the movements.
It is more suitable for intraday trading.
I am promoting this idea for the small and medium sized traders in intra day.
Here what i mean as small trader is who is affordable to invest Rs.15000 and medium size trader is affordable to invest in multiples of Rs.15000
Instead of paying for the tips provider you can learn the technique and trade in the market.
Here i dont use any technical indicators because almost all the technical indicators move with the price of the derivative or commodity which wont help you to decide in fixing the trade.
As per my point of view and experience, technical indicators both lagging and leading confuse you in fixing the trade, Because one indicator gives the buy signal and the other indicator gives you the sell signal.
But my self invented technique uses only three displays and NO TECHNICAL INDICATORS
1. Candle Stick Chart
2. Horizontal Lines
3. Fibonacci retracement
The main advantage of this technique is it wont gives you false entries which very common in the financial market. The another advantage is it provides you both the target and stoploss. (if you made a mistake in fixing the target then only stoploss hit) it means target precedes the stop loss
Comment:
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