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Technical Analysis has never been seen as a viable tool for generating income / wealth from the markets and the number of jokes surrounding that are legion to say the least. The Oracle of Omaha once said and I quote ” “I realized technical analysis didn’t work when I turned the charts upside down and didn’t get a different answer.”...
Support and Resistances are the key tools of technical analysts who rely on the chart for making their assumptions. The key concept here is that of human psychology. A support is a place where the markets have made a bullish reversal earlier and one where one can expect fresh buying to come in and a resistance is a point where...
Many a time, On my way to Office and on my way to Home, I come across daredevils who ride their vehicles as if they are in a Moto-GP race. While most onlookers either shake their heads or just ignore them, there are a few young guns who get influenced and attempt to compete with them, either straightaway or when...
I am currently reading the much acclaimed “Stock Trader’s Almanac 2015” and the first major seasonal indicator that comes up for discussion is the January Barometer. Designed by Yale Hirsch in 1972, the January Barometer states that as S&P 500 goes in January so goes the year. The Indicator has been successful 89.1% of the time since 1950. In India,...
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money – Ed Seykota A very simple statement yet so deep is the philosophy behind it. Its amazing that I did not understand the depth of the statement when I went about showcasing why certain strategies...
A systematic trader faces several dilemmas when he is trying to figure out the best time frame he should use. Should he go with a 5 / 15 minute bar where he will get a lot of signals or should he chose the 60 / 120 minute bar where signals are far less. For those trading the hourly / 120...
Portfolio Yoga
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