Pattern explorer to use with Amibroker

Gents,
please download pattern explorer and use it to enhance amibroker performance.
You can see
support resistance,
pivot lines,
triangles,wedges etc.


ramesh151

Live data feed into amibroker-avanishkumar

Gents,

please visit www.avanishkumar.in for software that helps you to do intraday trading using amibroker.

The software utility costs 999 rupees for almost 2 years period.

Ramesh151

My latest find -BEST WAY TO TRADE is by VSA

gENTLEMEN,

I was scanning youtube videos.
I saw market manipulation video by TRADEGUIDER. And TOM WILLIAMS, the man who chose to make volume spread analysis.
=========================================
What is most important thing for trading?
Is it price?
No it is not the first thing.
=========================================
Is it technical analysis?
nO it does not work always. The indicators have limitations.They dont work.
What works then?
Get it all here by watching this video
Link
http://www.youtube.com/watch?v=RXYdSyulSGU&feature=related

See How smart money creates mark down in markets, and buy.
Then they create good news and as market goes up they sell to retailers and take money out.
Look for strength on down bars, price closes down on high volume.
when price closes in bottom or middle, it means strength.Smart money is working there.
A low volume upbar means no demand-for smartmoney.
A real uptrend has price bars closing on higher side, with volume on upperside.
One bar you may allow for deviation, for every three bars.
Another video
UNUSUAL BAR
http://www.youtube.com/watch?v=riq-6o7W1rs&feature=related

WEAKNESS APPEARED ON UPBARS
http://www.youtube.com/watch?v=KeoqJs8L70Y&feature=related
wHAT HAPPENS WHEN SUPPLY SWAMPS DEMAND?
gOES ALL THE WAY DOWN.
aLL SHORTS WOULD BE SWALLOWED AS SMART MONEY MARKS THE MARKET UP.
TRENDING SYSTEMS SHOW IT BY COLOUR.

Bear market or buying opportunity(for smartmoney)?

http://www.youtube.com/watch?v=RLf566DKU84&feature=related

News and Tv work for whom?
To push prices down by spreading panic news. Smart money buys,ready with lot of it to buy and absorb all panic selling and say thank you.
-------------------------------------------------------------------
Richard wickoff says trade in harmony with smartmoney.
He forms basis for TOM WILLIAMS and tradeguider software.
--------------------------------------------------------------------
Last link
http://www.youtube.com/watch?v=qYLz9_zbeAY&feature=related

Join Gavin Holmes as he analyzes US stock Apple at a very important price level discussed in the customer seminar on Saturday. This has also been posted on You Tube.
Gavin looks at the "playing field", trend channels that the Smart Money can see and you need to be aware of. As we come down and "Test" an area of ultra high volume (please note in the recording that this was referred to as up bar incorrectly and was referring to ultra high volume bar closing on the high on a gap down) we can wait for the successful test and if proven can find a bottom and buying opportunity in this monthly decline.

BEWARE OF NEWS
wHY UPTRENDS TAKE LONGER TIME TO BUILD,
AND DOWNTRENDS GO FASTER DOWN.

Professional accumulation and distribution.
Watch it. carefully.

Does market manipulation exist? want to see proof?
How do they do it?
http://www.youtube.com/watch?v=TmLr8Ye9wvU&feature=related
BAD NEWS DRIVES HERDS TO SELL THEIR PERFECTLY GOOD STOCKS.

--------------------------------------------------------
What drives the markets?
4 things
supply
demand
no supply
no demand

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Why are they not getting rich? Even though they know

Gentlemen,
This place is great with good eyeopening info.

I follow Amibroker with three formulae,
THEY ARE
1) Support Resistance by Graham Kavanagh,
2)T3 TILSON MOVING AVERAGE,
3)"jim berg volatility ATR STOP SYSTEM".
4) ELDER BULL-BEAR VOLUME FORMULA HELPS IN DECIDING EXITS AND ENTRIES INTO STOCKS.

EDUCATION
SAM SEIDEN is my ideal guru

-He advocates "Supply Demand " as most serious CORE basic thing.I learnt from his lessons about

'How to trade without indicators, and trading common sense."
Sam says,In the markets a clever trader sells his stuff to a novice trader. and he adds,

"If you are in the market and if you dont see any novice traders around, then probably you are the novice waiting to be trapped."

I saw his students beat the markets in his coaching classes.Looks unbelievable but true.
My losses drastically reduced and profits started moving into moderate zone consistently after I started reading SAM SEIDEN lessons. I never joined onlinetrading academy as I cant afford the costs.

Link to one of his lesson

http://www.tradingacademy.com/lessons/lessons20071130.shtm

Eversince I started looking to what Sam Seiden SAYS, I began trading without indicators,suddenly the picture became clear like a holograph.I feel immensely grateful to SAM SEIDEN.


Currently I am into studying futurestrading.

Reason?

My observation of seeing three traders turning into big loosers.(they dont see any novice traders in the market-rest is understood)

Three specialist traders who started to beat the futures markets,got badly beaten,first one lost 100%(he is charterd accountant,but no ecomics sense),second one lost 50%,and stopped trading since 4 months and has no guts to reenter,third one trading since 10 years and gained 20% first then lost 35%, tried again lost 50%, and has no clue even after using tradestation,metastock,t3-fibs nexgen prog.
----------------------------------
I saw that in futures one can loose all the money.I dont trade futures myself,but I have guys who hint me at good opportunity once in a while and their guidance does not fail.the problem is they are not ready to reveal their entry-exit process.The guy says take the trade,take the profits,but dont ask how and why.
So I am wandering like a lonely cloud in trading sky.
----------------------------------
What do i find so far?
So far I found two or three things.
what is must?

A clear strategy with 6 weeks paper trading record is must with observaTIONS BY ONESELF is top priority.
If one cannot prove that his strategy has no winning edge,he should not trade.

1.a)Longer time frames bring bigger losses.
1.b)Position size holds one master key to control losses.
(Avoiding lot sizes costing high costs helps a lot)
2.Risk must not exceed 1% or one is doomed
3.Low risk high reward entry design is must,One needs to dig these opportunities.
4.If one is loosing all that he gains in 20 trades,the guy is unfit and not qualified to trade futures and time to do someother thing.
5. If one is lazy to maintain and analyse and investigate his trades everyday,or every week,he is probably going to loose money sooner or later. gUARANTEED TO FALL INTO BIG DITCH.

I find most of the futures traders trade for fun,for thrill, and they forget main objective to trade is making money.Actually I see them like addicted gamblers .
--------------------------------------
My suggestion.
I wish somebody makes a program which does the following.

It takes feed first 'How much loss you plan to take on a trade?" The guy ANSWERS, 1000 dollars"
it asks, "If loss exceeds 1000 dollars,what is your plan?"
"Exit trade immediately"-he says

The program records the feed.Later it uses this data to
remind and warn the trader.
==========================================================

It takes the trade entry of a trade already intiated,and starts flashing a message on his pc screen
"your loss is now 2000 dollars at 1430hrs"
"What the hell is going on? you said maximum loss 1000 $,but already you are inside the deep well of loss,are you awake or sleeping?"
"yous loss is now 5000 dollars at 1450 hrs"
"YOU STUPID as--ho--!! YOUR LOSS IS NOW 10000 DOLLARS AT 1520HRS,GET the HELL OUT OF HERE-SQUARE OFF NOW!!"

----------------
Three things I study nowadays are

interactive stuff
http://www.nybotlive.com/nybot35nb.swf

Greg seckers ultimate trading sectrets pdf file
http://www.knowledgetoaction.co.uk/

http://www.scribd.com/doc/984129/Three-Bullet-Proof-Strategies-To-Spearhead-Your-Trading-Profits-To-A-New-Record-Breaking-Level

Last thing I look into

http://www.futurestradingsecrets.com/
I have no idea about this course just began looking into it.

thanks guys,Happy trading!

Buy sell strength indicator video

http://www.futures-day-trader.com/public/140.cfm

http://www.futures-day-trader.com/public/147.cfm

How do you see bullish or bearish trading coming?

why futures traders always loose?

http://www.nybotlive.com/nybot35nb.swf

why people loose?
because they dont control loss-risk,
they wait till small becomes big,

instead of trying to aim at 1% risk, they aim at 10% or 20%.

position size
stoploss
risk low-entry
plan

greg secker e book ultimate trading secrets

http://k2afileburst.fileburst.com/ultimate_trading_secrets.pdf

the link below is a great e book.
The whole thing just
Limit risk to 1% in stocks or futures
estimate max risk for futures position,
Lot size*risk(entry minus stoploss)=not to exceed MAX 2000 or 3000 rupees.
to take only such "low risk entries which give at least 3:1 reward to risk ratio."

ttp://k2afileburst.fileburst.com/ultimate_trading_secrets.pdf

Tips4trade recommendations how good it is?

Gentlemen,
The truth about tips4trade recommendations paid offers
-----------------------------------------------------------------------
Regarding the latest subscription offers by tips4trade,
I have my comments as follows

1. The subscription rates are pretty HIGH
2.The profit calculations in the past evaluations take into account
1000 shares. say of Reliance etc -Question
imagine 1000 shares of
Reliance and a common investor buying it 1000 SHARES?-Not a Reality-Not a feasible
stuff.HOW MUCH CASH 0NE NEEDS?pRICE 2996/-PER SHAREiNVESTING RS 3 LAKS IN ONE STOCK?

Ask me what is realistic?Any buy worth a 50000 rupees,considering an average investor-trader
capacity to invest in 4 or 5 stocks maximum,say Rupees 2 laks total
investment.
He must have some spare cash always to buy a stock at best price in
case that possibility arises.

What use it if a guy purchases a stock and it falls next day or after
and he does not have money to buy more at lower price?

It is ok if he averages out by buying another equal amount of same
stock, and have patience to wait for few days or 2 weeks.

As of today, I know people who bought stocks and nifty on 15th january
2008,not as per tips4trade,of course,but they are in a big fix after
nifty dived down over 200 points.
I appreciate the tips4trade recommendations come with a stoploss and a
caution note-buy only if sensex or nifty moves in positive direction.
But please consider if nifty dives after 2 days after you bought, and
if you were not putting your stoploss daily just because you were busy
otherwise.
These are my humble views.
Let the forum come out and say I am wrong or right.I already talked to
my friends who are also members and they agree fully with me.
regards

Evaluate trend of a stock and stay with trend

GENTS,

uSE THE INO.COM method to stay on the rightside of markets.

Please refer ADAM HEWISON's great basic lesson video at

http://club.ino.com/trading/?s=doesn%27t+matter

Moral
IT DOESN"T MATTER WHAT YOU THINK …
Here's a cruel reality of the marketplace.

What matters most is --- you get the direction right.

The reality is, these are trading markets. They are all driven by market sentiment.


What matters most is that you get the direction of the market right. You can only determine the trend by using pure market action. The easiest way to do this is by using a program the tells you in plain english what the
market is doing.
-----------------------------------------------------

SCORE CARD
STRONG UPTREND SCORE +100
STRONG DOWNTREND SCORE -100
----------------------------------------------
SCORE RATINGS
UPTREND

LAST HOUR CLOSE ABOVE 5 HOUR MOVING AVERAGE +10
NEW 3 DAY HIGH ON THIS WEEK FIRST DAY +15
LAST PRICE ABOVE 20 DAY MOVING AVERAGE +20
NEW 3 WEEK HIGH LAST WEEK END +25
NEW 3 MONTH HIGH IN THIS MONTH +30
------------------------------------------------
TOTAL SCORE FOR STRONG UPTREND +100---------------------------------------------------
score of 40 to 60 sideways trend in uptrend
score of -40 to -60, sideways trend in downtrend

DOWNTREND SCORE

LAST HOUR CLOSE BELOW 5 HOUR MOVING AVERAGE -10
NEW 3 DAY LOW ON THIS WEEK FIRST DAY -15
LAST PRICE BELOW 20 DAY MOVING AVERAGE -20
NEW 3 WEEK LOW LAST WEEK END -25
NEW 3 MONTH LOW IN THIS MONTH -30
------------------------------------------------
TOTAL SCORE FOR STRONG DOWNTREND -100

----------------------------------------------------
sO, NOW DONT SAY HOW cAN i EVALUATE MY TREND,i DONT HAVE THESE MOVING AVERAGES ETC?
yOU CAN DO IT.
jUST MODIFY STUFF TO SUIT YOU
UPTREND
1.LAST HOUR CLOSE ABOVE 200 MINUTE MOVING AVERAGE +10(YAHOO FINANCE GIVES THIS)
2.NEW 3 DAY HIGH ON THIS WEEK FIRST DAY +15 (LOOK 5DAY CHART ON YAHOO)
LAST PRICE ABOVE 20 DAY MOVING AVERAGE +20( YAHOO CHART GIVES)
NEW 3 WEEK HIGH LAST WEEK END +25 (SEE 3MONTH CHART AND DETERMINE)
NEW 3 MONTH HIGH IN THIS MONTH +30 (SEE 100DAY CHART IN YAHOO)
------------------------------------------------
TOTAL SCORE FOR STRONG UPTREND +100

tHAT IS IT
GO FOR THE SAME
CHECK AND APPLY
Happy trading!

If you swap your stock,does it benefit?really?

See it
Most of the times,selling the stock we own and buying a more profitable stock is really useless

(unless the stock you own begins a new downtrend.)
---------------------------------------------
I have IDBI stock 200 bought at 171.
now drops to 161.
My feeling
I see REL was at 2630 and drops to 2390. It looks it can give more profits if I swap stock.
I also see TECHM stock drops from 1150 to 1020, and has potential to go back up by 130

Evaluate feasibility and profitability
Is it REALLY worth to sell IDBI and buy REL ?
-------------------------------------------------------------------------
EVALUATE VARIOUS OPTIONS
1.IF i CONTINUE WITH IDBI
2.iF I SELL IDBI AND BUY rel
3. if i sell IDBI and Buy techm

1. Continue case
see IDBI PRICE BEHAVIOUR-moves from 155 to 180 and back
uptrendstock or dntrend stock/? range bound after uptrend
I bought at 171, while support price was 155.
mistake 1, not buying at support
profit possible if i hold idbi, 10 rs per share
for 200 shares, profit=200*10=2000
brokerage buy+_sell=700 max,
net gain=1300 likely

2. sell IDBI and buy REL with same money
money got=200*161=32200
Brokerage loss=700 at 1% to&fro
Buy REL at 2390, I get 14 shares
potential gain with REL 2630-2390=240
GAIN IN FUTURE WITH rel=14*240=3360
REL brokerage costs=700
Loss in IDBI=200*(171-161)=2000 AND BROKERAGE 700=2700
OVERALL NET GAIN DUE TO SWAP=3360 LESS 700 LESS 2000 LESS 700= MINUS 40
RESULT: NEGLIGIBLE GAIN
=================================
3.SWAP TO techm
Buy 33 shares of TECHM at 1030
Likely gain=33*120=3960
OVERALL NET GAIN DUE TO SWAP TO TECHM
=IDBI LOSS-IDBI BRK -TECHM BRK+TECHM GAIN
=-2000-700-700+3960=NET GAIN 560
----------------------------------
Summary
best to hold idbi
Always buy at support to get max profits and exit at resistance
swapping does not serve purpose of more profits unless you trade stuff like options.
hint
say take nifty 5800 PE JAN 31 EXPIRY
price varied from 55 to 74,by 19 rupees.
centre point=64.5 or How about using ATP,average traded price?

1/6 th part=16% of range=3.10 rupees
Evaluate the moving average of option price, and buy 3.10 below it and sell 3.10 above it
the question is
what is most reasonable trading price zone centrepoint? 20ma?
test this
In reliance money brokerage per option=1.20 rupees

Buying 300 options and selling same gets you, gain of 300*6.20=1860 less brk of 360=1500

check it
set it right
test it

Change for better future- Take your first step now

CHANGE for better is a sure possibility if you just dont repeat past mistakes, and stay one step ahead to control risk











2008 will be the same type of year you've always had if something doesn't change.



That something is you.



We can only expect more when we become more. If we don't make the changes that will produce our desired results—nothing happens. If we don't courageously face the things we know will improve our lives, we will not experience any improvements.







Here are some predictions about your future.



If you want more money but don't increase your income while decreasing your spending, you're going to become more financially stressed.
If you don't change your diet and lifestyle to be healthier, you risk becoming or remaining overweight, and will experience dis-ease (lack of ease).
If you don't improve your inner self, some of your relationships will continue to be less than you desire.
If you don't manage your time (and your life) better, you will continue to struggle with not having enough time to do the things you would like to do.
If you don't take care of your personal environment better, you will not be able to handle more than you already have.
If you don't quit your "bad" habits, they will continue to rule your life and get in the way of becoming something better.
If you focus on negative things (including the news), you will not experience an increase of happiness.
If you continue hanging around with the same people, you will stay the same person you are currently.
If you don't courageously face the things that will create a better life for yourself, you will produce the same results, and for some, the same misery, but in different ways.


Well there you have it—your possible future in a nutshell.



You see, it isn't necessary for someone else to predict what 2008 will have in store for you. You can read these nine non-psychic predictions and become your own soothsayer.
In other words—no change equals no change.


What are you going to decide to become in this lifetime? Is it something more than you currently are? What are you willing to give up in order to become the person you desire to be? Are you willing to once-and-for-all make the necessary changes to become that desired person or are you just going to continue letting yourself down?

-------------------------------------------------------

PLEASE ponder OVER three signature phrases:



Do It Now.

Whatever needs to be done—do it right away. Be courageous enough to face the things that are in the way to your better life.

Keep Going.
No matter what the journey is for your life, there will be times when uncertainty prevails. If you continue going toward the life you want with total disregard of any obstacles, you'll always make it to your desires.

It Can Happen For You.
If one person has accomplished something you desire, you too can do the same. If you desire something, it's because it's a real possibility for you. Believe that your desires are there because they are unfulfilled possibilities. Knowing that your dreams can happen gives you the inner key to success. Ask any person who has succeeded before you and that individual will say, "Impossibilities only exist when we believe them to be real."


Are you ready to make 2008 the best year of your life? Are you ready to plan and take actions that will produce your dream life?



It's better to accept your current state of lack than to fool yourself into thinking you are out of control.
The key to any success is to be courageous enough to face what is necessary to make it happen.






May you courageously face your obstacles and change the things that are getting in your way to a better life in 2008

UNLUCKY Traders do these things-YOU AVOID THESE MISTAKES

Gents,
---------------------------------------
Unlucky traders always do these things
---------------------------------------
First biggest mistake

THEY LOOSE THEIR CAPITAL, THEY TALK BIG BUT CANNOT PRESERVE THEIR INITIAL STARTING CAPITAL

Second mistake

THEY NEVER MONITOR THEIR DRAWDOWN, HOW MUCH THEY ALREADY LOST

THIRD MISTAKE
================================
THEY ARE DEAD GOATS AND JUST WATCH THEIR CAPITAL DRAIN OFF, they never start thinking, and corrective action.
procrastination is the biggest enemy of mankind.

NO MONITORING=DEAD TRADER
NO INVESTIGATION OF WHAT HAPPENED=IS LIKE A GOAT WAITING FOR SLAUGHTER BEFORE EID FESTIVAL

NO INITIATIVE TO ANALYSE, FIND MISTAKES and INITIATE NEW ANALYSIS,CORRECTIVE ACTION AS SOON AS POSSIBLE.

ONE TRADER COMPLAINS

1. I dont know what to do now. I lost my capital by 74%. my trading system does not allow me to place any orders.I cant trade but look at sky!!!!!!!!!!
DO these is my suggestion

First
Throw your useless strategy into the sea, BECAUSE IT PROVED THAT YOU ARE UNFIT TO TRADE.
SECOND
Discuss with your intelligent friends,do the thinking,analysis,make a new plan,test it by paper trading.fine tune it. test again.
BRAIN STORMING is the solution
FOR GODS SAKE DONT WAIT TILL ETERNITY TO LEAVE OUT A USELESS METHOD YOU WERE ADOPTING FOR MONTHS OR YEARS TOGETHER. ACT FAST
ACCEPT YOUR SYSTEM WAS WRONG- WAKE UP-GET HELP IF YOU CANT HANDLE IT ALONE.
Third
check your position size, most of the time using a high position size is what screws your account.reduce it.If you were using 20% of capital per trade,reduce it to 10% of capital, or even to 5% capital per trade
Not so clever traders give their profits as higher brokerage charges to ther broker, due to high position sizing,and low profit levels. broker gets rich.

you got screwed up in the first place because you ignored supply demand levels, and tried random entries in the zone that lies far from basic support zone.

you got screwd up because you never properly seriously monitored your account drawdown or losses at least on a weekly basis
----------------------
My sermon to the loosing trader
" And you thought you had the best trading system like tradestation, esignal data feed, and you are the smartest trader?
WRONG. Nobody alive can outsmart the markets.-said by Jesse Livermore.
" And a draw down of 74% of your intial trading capital proves what?