iCharts Discussions

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

All Charting softwares have default Linear Scaling on "Y" Axis with price equally distributed. With the given Layout, one can visualise the trading opportunity as explained below.

When Nifty or a Stock advances from one level to another, one can BUY with SL on closing basis on previous level as per "Y" Axis in Scaling. Normal tendency of certain scrips to retrace to 50% level between BUY and SL and will move in the same direction. Reverse is true for Shorting.

THE BEST GIFTED TOOL FOR CHART ANALYSIS IS OUR OWN EYES AND THANK GOD FOR THIS WONDERFUL TOOL.

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

KISS - "KEEP IT SIMPLE,STUPID"

sunilhv0 · White Belt Joined: 11 Jan 2007 Posts: 5

Dear Sir,

This is a very simple strategy which no one has noticed. But few questions i have:

1. What is the Time frame of the chart.
2. What EMA u have drawn.
3. Is this a always in trade strategy? As either Long or short must be always on.
4. And we keep trailing the trade when price closes above 1 level.

Will be grateful for clarification, so that i can use this for trading effectively.

regards,

Sunil

info · White Belt Joined: 16 Jul 2011 Posts: 58

I want to ask which EMA used in these chart ?
Please clarify with time frame
Thanks.

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

See the "Y" scale for Nifty Future.. I consider that as trading level.

It declined all the way to test 5350 and never closed below that level and now bounced back to 5404. Movedup by 54 points in no time.

Simple tool to make money..

mayurnsk · Posted: Wed Feb 08, 2012 5:24 pm Post subject:

Hello Sir

Nice to see you back in the ichart & forum after long long time.... you as well as sunilhvo.

Very Happy

Regards
Mayurnsk

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Hi Mayur

Thanks.. I sent this thread link to all our old friends Sunil/ NVKS / Dr mathew and Shobby

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Hello Info / Sunil

The Charts are 30 Minutes Time Frame with 34 EMA. Keep Trailing the Stop when it moves from one level to another.

Always keep Simple techniques in trading.

Soon, I will show you all how Fib & Gann vibrates in market. I have made slight adjustment to Gann numbers.

dracula · White Belt Joined: 07 Dec 2011 Posts: 31

Hello sir,

It's like a sweet Melody in a distorted atmosphere... Feeling Lucky to share this platform with seniors like you, who are having time tested experience in this market...Thanks for sparing your valueable time for us.

Warm regards
Manav chowdhary

mayurnsk · Posted: Wed Feb 08, 2012 7:12 pm Post subject:

Rameshraja Sir!!

hope to see those all fellas back in action once again.

Regards
Mayurnsk

drsmathew · White Belt Joined: 29 Oct 2006 Posts: 1

hello sir
nice to see you in icharts after a long time,the beauty about you is that you are an eternal innovator of trading systems,yet again you have come up with a simple and effective tool,while people chase complex systems. Brings back memories of good old days of health educative session and intresting interactions at shout box during its early days, keep up the good work sir and god bless you,
regards,
drsmathew

ProTrader · Site Admin Joined: 06 Jul 2008 Posts: 433

Knowledge should always flow like a river and quench the thirst of travellers on the way. Some travellers do pollute by throwing plastic and stones. But the river keeps flowing and quenching thirst.

I think the sessions can still happen.

Bring back those old good days.. Smile

Regards,
ProTrader

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Hello Mr Manish Agarwal

Thanks Very Happy

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

Mr RK

In sideways market, no technical tool will work efficiently and this is not going to be an exception.