iCharts Discussions

[suresheetal]

Hi Friends,

Pl. Suggest Me That Which & How Upper And Lower Indicators Are To Be Use For Delivery Trading Charts.

[t.chatterjee]

i use bollinger band and 20/50/200 ema as upper indicator to find possible support and resistance levels as upper indicator


and volume and rsi as lower indicator
while the volume confirms each moves the rsi shows the overbought/oversold zonesof the security

but one thing to mention, there r lots of indicators available, but i personally depend on these, its my personal opinion only

[pradeepgolfer]

Dear Suresheetal

It is not advisable to take people's suggestions and trade-you have to be responsible for your own money.

Ed Seykota "Until you master the basic literature and spend some time with successful traders, you might consider confining your trading to the supermarket"

You can go to this link and you will find everything you need to know about indicators and other things in technical analysis

http://stockcharts.com/help/doku.php?id=chart_school

To make money you need to work: all the best

[t.chatterjee]

u r right, i wud suggest our friend to read about indicators and their usage then take paper trade to master the art and then only he shud trade,
infact everything varies as per ones attitude and risk appetite.
but personally i feel, one should have any oscillator such as william %r, sts or rsi to know the overbought and over sold levels.
volumes-to coinfirm if the trend is in right direction...ie... supported by volumes or not
and finally some indicator to find out the support/resistance levels to find out where to buy and where to sell,
personally i think the more simple u make it the more powerfull the speculation becomes...what u think abt it pradip bhaiyya??

[pradeepgolfer]

See,boss,how does a novice know what is simple and what is complicated.
You and I may know. Even if he knows, he will not be confident about it and you know what happens if you are not confident:the market will scare you out of your position, even though you are right. After this happenned to me about 2000 times over many years, I then knew when not to be scared.
If not, anyone can read a book and start making money.
See what is taught throughout our schooling is useless to earn a living-but it is necessary to learn all the rubbish first.
There is no EASY WAY.