Home >> Profile >> Vimal Raj

Profile

Vimal Raj

Vimal Raj

Joining Date: 13 Oct , 2011
Last Login: 11:11 AM - 06 Feb , 2014
IP Address of Last Login - 101.222.254.xxx
Profile Verified by Mobile.

Reply for: MUDRAA IS LOSING ITS CHARM

Vimal Raj at 10:24 AM - Feb 06, 2014 ( )

 Jaya Sharma 

please understand.

i am asking qus to mudradians right.This is not only my personal prob...

Lot of members leave mudraa bcoz in this issue.(Mod concept).

Reply for: MUDRAA IS LOSING ITS CHARM

Vimal Raj at 10:19 AM - Feb 06, 2014 ( )

From : Leena Sebas at 09:50 AM - Feb 06, 2014 28 minutes ago )

your thread is deleting every time only because of one reason, you always try to give a back door advt about some site and keep on talking about it to bring the attention of the public..it is as simple as that vimal...

i guess to understand that , it dont require much rocket science...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Dear Leena just see your replied in my thread in dec 2013.

LEE

Reply for: MUDRAA IS LOSING ITS CHARM

Vimal Raj at 09:50 AM - Feb 06, 2014 ( )

the threads that are  deleted belongs to those which  promote some personal site which showing bank details and mobile numbers in india..

Still i am searching this rule, i cannot find out this rule in mudraa.

~~~~~~~~~~~~~~~~~~~~

sample... all the software sites update at myself before 1or 2 years back... admin accepted...

http://www.mudraa.com/trading/154865/0/real-time-nse-web-based-free-charts-vimalraj-.html

http://www.mudraa.com/trading/76871/0/nse-and-bse-real-time-charts-motivewave-software-.html

http://www.mudraa.com/trading/77738/0/point-and-figure-charts-nse-and-bse-.html

Reply for: MUDRAA IS LOSING ITS CHARM

Vimal Raj at 09:21 PM - Feb 05, 2014 ( )

Admin note that : mudraa.com visitors data chart now forming "Head and shoulders"pattern Innocent

Reply for: Nifty spot analysis [Vimalraj]

Vimal Raj at 09:15 AM - Feb 05, 2014 ( )

 

Dead-Cat Bounce Or Recovery?
 

NiftyFuture Strong resistance at : 6058 -6063.

Once if hold above this level then we may see short covering rally up to: 6200 level

In case if not sustain and hold above 6063 then nifty future tries to break recent swing low.
 

Reply for: Free nse mcx real time data in metatrader

Vimal Raj at 08:51 AM - Feb 05, 2014 ( )

Rajan Singh

Click open an Account , then it will genrate auto id and password..

Reply for: Mudraa library [vimalraj]

Vimal Raj at 08:59 AM - Jan 29, 2014 ( )

http://goo.gl/wKmrYV

Reply for: Best Collection of AFL's and Excel softwares

Vimal Raj at 11:23 AM - Jan 27, 2014 ( )

Automated Nifty Intraday Levels Calculator

File contain virus.... 

Reply for: Mudraa library [vimalraj]

Vimal Raj at 09:11 AM - Jan 27, 2014 ( )

http://goo.gl/hpZZSw

Reply for: Need NF free real time data link/website

Vimal Raj at 10:48 PM - Jan 17, 2014 ( )

Sanjaya Dora

I have mashirt limted version  file..[ i will send you in your inbox]

if you have any trading terminal just connect...it will be support for rt update only 2 scripts.


Reply for: Vinoth's Crudeoil trading Experience [Vimalraj]

Vimal Raj at 09:15 PM - Jan 17, 2014 ( )

4 Reasons to Lose Money

You might have heard this many times before. But these are the Ultimate truths about the weak & irrational traders. If you control your decisions over these 4 major reasons, I believe, you will be walking on the right path to success in trading. Many years ago, I myself, was a victim of these errors. Through self analysis I had the chance to rectify them. I just want to highlight them here so that others too get benefitted.

The 4 Fatal Errors that make you lose Money in Trading
1) Over Trading : If you have made a loss in the previous trade, never mind to take it back immediately. Fine, whatever lost is lost! Don't panic to grab them back. Because market won't work that, actually. You need to plan the recovery more patiently than making profits.

2) Ungrounded Information : You trade on information from unknown source. May be he is your Broker, Advisory firm, any other freely available chart based trading system. You should use them as a aid but not as a source. If you want to make a decision let it be based on some grounded theory, proven method or your own practice/experiment.

3) Leverage (Exposure) : If you are not 100% sure about the outcome of your trade then don't use Exposures. Try to understand them, Exposure create better opportunities to make additional profits. But they should be utilized only when you are sure about the probabilities. If your winning rate is above 50% and risk:reward is >1 or risk:reward is > 3+ only then you can make use of it. Or else, believe me, it is not meant for you. Until you master your own trading techniques avoiding exposure will help to control your Greed & Fear. If you don't follow this, you will never learn to control your Emotions.

4) Lack of Plan : Firstly planning covers all the above. Learn to organize your trades. What to do when things go against or in favour of you. Create a list of procedures to follow
SAMPLE
1) Check List to confirm that your decision is right.
i. Based on what info the decision is made?
ii. Is this a emotional Trade?
iii. Am I over trading?
iv. How much Qty to trade? & etc.
2) How much loss you can bear for a particular Trade.
3) When to Book the Profits.
4) What to do if this Trade is a loser.
5) What to do if this is a winner.
6) How to handle the Profit. Whether to Accumulate it for compounding or Take it out.

Trading is not a rocket science, one has to create a balance between his logical thinking & control over emotion.
Nothing more… I always regret for those who lose money, but that's what trading is about.

Thanks to :Flyer

New Thread: MCX IEOD DATA 2014 [VIMALRAJ]

Vimal Raj at 07:53 AM - Jan 05, 2014 ( )

MCX IEOD DATA 2014

Try to Upload All symbols Ieod Data.

New Thread: Vinoth's Crudeoil trading Experience [Vimalraj]

Vimal Raj at 05:58 AM - Jan 05, 2014 ( )

Here i want to share how to earn from crude oil trading in MCX...

Here i will give you the baby steps for success in crude oil trading...

Watch it.. and learn something from it... This is purely for newbies....

Crude oil is my friend...Crude oil is not a commodity... Crude oil is a human for me..

I can talk with crude oil, I can walk with Crude oil, I can Sleep With crude oil 

So Crude oil is always my friend... I can know the every movement of my friend(Crude Oil)

Watch here... some interesting matters to be posted here with articles and images, etc....to win in the crude oil trading...

New Thread: 2014 ~ celebrate with vimalraj

Vimal Raj at 12:00 AM - Jan 01, 2014 ( )



From: vimal raj at 12:23 AM - Jan 01, 2014( )


         

New Thread: Favorite World Films [vimalraj]

Vimal Raj at 09:02 AM - Dec 31, 2013 ( )

New Thread: MENTHAOIL POSITIONAL [VIMALRAJ]

Vimal Raj at 09:49 AM - Dec 27, 2013 ( )

Aggressive traders Buy menthaoil jan 2014 contract  above 2 lots  : 837.00

stoploss : 818.00

~~~~~~~~~~~~~~~~~~~~~~~~

Risky traders wait for call... we will update after conform trend reversal ..



From: vimal raj at 12:19 PM - Dec 27, 2013( )




From: vimal raj at 01:40 PM - Dec 27, 2013( )


Buy trggered ///

New Thread: Mudraa library [vimalraj]

Vimal Raj at 10:49 PM - Dec 23, 2013 ( )

Dear friends,

Here you can update your favorite books and pdf's

It will be more help for beginners and learners.

Technical Analysis , Risk Management , Finance and Investing and Strategies 



From: vimal raj at 11:42 PM - Dec 23, 2013( )


Uploading files to MediaFire

How to upload a file on MediaFire?

  • Click on this link: http://www.mediafire.com/
  • Registration is now mandatory. If you do not have an account, click on Sign Up.
  • Sign in to your account
  • In the left column, you can create folders to organize your files.
  • Click on Upload and a window will open. Click on + button at the bottom left:
  • Navigate to the file you want to upload, select it and click Open.


  • Then click on "Begin Upload" and wait.
  • Click "Copy Link" to copy the link that leads to your file, you can then share it with other users.

Note that:

  • In the free mode the maximum file size is limited to 200 MB per upload.

New Thread: SBIN ~ POSITIONAL TRADE [VIMALRAJ]

Vimal Raj at 02:17 PM - Dec 23, 2013 ( )

Buy SBIN jan 2014 future : cmp : 1782
Buy SBIN jan2014 1800 call option : 61.40
Buy SBIN jan2014 1800 put option : 78.30



New Thread: Three Buddha Top And Bottoms [vimalraj]

Vimal Raj at 10:08 AM - Dec 22, 2013 ( )

Three Buddha Top Chart Example

a candlestick chart with a head and shoulder pattern 

The chart above of the S&P 500 ETF (SPY) illustrates a three Buddha top. The main idea is that prices on the third buddha failed to make an equal or higher high than the middle Buddha. In fact bulls were unable to come close to the first or second Buddha high. Once prices fell below the lows between the first and second Buddha and the second and third Buddha (the lowest blue line on the chart), bulls were completely rejected and prices began to fall downward.

Inverted Three Buddha Bottom Example

candlesticks chart with a reverse head and shoulders pattern 

The chart above of Hewlett Packard (HPQ) illustrates an inverted three Buddha bottom. The first low was created by a bullish counterattack line, the middle low was created by a hammer, and the third and final inverted Buddha was created by a bullish engulfing pattern. Once prices exceeded the peaks in between the first and second inverted Buddha and the second and third inverted Buddha, the inverted three Buddha bottom was confirmed.

New Thread: Tweezer Bottom & Tweezer Top [vimalraj]

Vimal Raj at 09:02 AM - Dec 22, 2013 ( )

TWEEZER BOTTOM VS. TWEEZER TOP 

Both Tweezer Bottom & Tweezer Top are reversal patterns.
Whether a pattern is bearish or bullish reversal, it depends upon whether it appears at the end of a downtrend (Tweezer Bottom) or an uptrend (Tweezer Top).

A Tweezer pattern forms when two or more candlesticks touch the same bottom / low price (for Tweezer Bottom) or the same top / high price (for Tweezer Top).
In standard technical analysis, this pattern can be comparable to the Double Bottom or Double Top.

The Tweezer can be composed of candlesticks with real bodies, shadows, and/or doji candlestick.
They also may occur on consecutive or nearby trading sessions.
When the Tweezer occurs on two consecutive trading sessions, not only would it be easier to spot, the pattern also carries higher chances of reversal.

TWEEZER BOTTOM (BULLISH)
Tweezer Bottom is a bottom reversal pattern / bullish reversal pattern.
It could be formed at the end of a downtrend, or during a pullback within an uptrend, or at the support.

Tweezer Bottom is formed when two or more candlesticks touch an identical bottom (low price), and then the price bounces higher.
The candlesticks can be composed of candlesticks with real bodies, shadows, and/or doji candlesticks.
For the candle’s body, the color of the body is not very important. It can be white (bullish candle) or black/red (bearish candle).

Some possibilities of Tweezer Bottom pattern:
* Two real candlestick bodies with the same low price.
* The lower shadows of two consecutive candles (e.g. two Hammers) touch an identical bottom level.
* The real body on the 1st day and the lower shadow of the following day hit the same low price.
* The lower shadow on the 1st day’s candle and the real body of the following day hit the same bottom level.




A Tweezer Bottom pattern is considered to be more significant when the two candlesticks that comprise the Tweezers pattern also form another candlestick reversal patterns.

For example:

If the two candlesticks of Harami Cross Bullish (or Harami Bullish) hit the same low price, it could be an important bullish reversal signal, as the same two candlesticks form a Tweezer Bottom as well as a Harami Cross Bullish (or Harami Bullish).

Basically, Tweezer Bottom implies that at the bottom level, bears (sellers) were not able to push the price lower. As a result, the pattern signifies a short-term support level and signals a possible turning point.

The price action immediately after the Tweezer Bottom candles should be watch carefully.

If the bottom / low price formed by the two candles is penetrated, then price is likely to decrease to at least the next important support level.

If the bottom / low price hold, then the Tweezer Bottom may provide a potential reversal signal.

A confirmation should be needed in terms of the price to continue to rise and even close higher.


TWEEZER TOP (BEARISH)

Tweezer Top is a top reversal pattern / bearish reversal pattern.
It could be formed at the end of an uptrend, or during a bounce within a downtrend, or at the resistance.

Tweezer Top is formed when two or more candlesticks touch identical tops (high price), and then the price drops lower.
The candlesticks can be composed of real bodies, shadows, and/or dojis.

Some possibilities of Tweezer Top pattern:
* Two real candlestick bodies with the same high price.
* The upper shadows of two consecutive candles (e.g. two Shooting Stars) touch an identical top level.
* The real body on the 1st day and the upper shadow (or doji’s high) of the following day hit the same high price.
* The upper shadow (or doji’s high) on the 1st day’s candle and the real body of the following day hit the same top level.




A Tweezer Top pattern is considered to be more significant when the two candlesticks that comprise the Tweezers pattern also form another candlestick reversal patterns.

For example:

If the two candlesticks of Harami Cross Bearish (or Harami Bearish) hit the same high price, it could be an important bearish reversal signal, as the same two candlesticks form a Tweezer Top as well as a Harami Cross Bearish (or Harami Bearish).

Tweezer Top implies that at the top level, bulls (buyers) were not able to drive the price higher. As a result, the pattern signifies a short-term resistance level and signals a possible turning point.

The price action immediately after the Tweezer Top candles should be watch carefully.

If the top / high price formed by the two candles is penetrated, then price is likely to increase to at least the next important resistance level.

If the top / high price hold, then the Tweezer Top may provide a potential reversal signal.

A confirmation should be needed in terms of the price to continue to drop and even close lower.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


New Thread: MUDRAS FOR INNER HEALING [vimalraj]

Vimal Raj at 08:24 AM - Dec 22, 2013 ( )

Six Mudras for Inner Peace

Mudras are an investment you make in yourself; the pay off is a feeling of well being and inner peace. If you come home from work feeling frustrated or burned out, mudras offer you relief.
Experiment with the following mudras. Some may work better for you than others. As you work with them you will begin to feel as though you have had a good massage. Before you begin you may feel jazzed and confused, and end feeling calm and focused.

RELEASE — CALMNESS

Let go of unwanted tensions

Calmness Mudra
This mudra draws anxiety and tension to your hand and lets it drain out.
How to do it:
  • Sit straight and tall.
  • Bend your elbows so your forearms are perpendicular to the floor and hands are at ear level.
  • Extend your fingers straight up, and rotate your hands back and forth.
Note: When done, let anxiety drain out by dropping your hands loosely to your sides and gently wiggling them.

RELAX — TRANQUILITY

Promotes grounding

Tranquility Mudra
Tranquility helps you cut though external and internal chaos to find a place of inner peace.
How to do it:
  • Sit straight and tall.
  • Bend elbows so your arms are in front of your chest.
  • Place the palm of your right hand on top of your left arm. Move the top of your left hand up, touching the underside of your right arm.
  • Keep fingers straight and together.
  • Breathe deeply from your belly.

RESTORE — COMFORT

Invite soft energy into your heart

Comfort Mudra
Life deals us many losses — death, loss of job or dream. These events leave us feeling depleted. You can comfort yourself with this mudra.
How to do it:
  • Sit straight and tall.
  • Bend elbows and extend them out.
  • Put your hands on the upper chest, fingers pointing towards each other.
  • Imagine your hands warming your heart.
  • Breathe deeply from your belly.

RECHARGE — ENERGY

Recharge yourself

Energy Mudra
When your battery runs out of energy this mudra is like plugging yourself into a wall socket.
How to do it:
  • Sit straight and tall.
  • Extend arms from the body to the sides.
  • Make circles with the tips of the thumbs and index fingers.
  • Breathe deeply from your belly.

REFRAME THINKING — PROSPERITY

Live with abundance

Our thoughts limit our possibilities. This mudra changes our perceptions You take in what you need and you pour out your contribution. When you hold tight there is no room for the new.
Prosperity Mudra (Open)
How to do it:
  • Sit straight and tall.
  • Take in — Place elbows close to your body and extend your arms out. Turn palms up with little fingers touching to form a bowl, symbolizing willingness to receive.
  • Prosperity Mudra (Empty)
    Give out — Turn palms over with index fingers touching to empty your bowl so you can receive more.

REFRESH MIND — BALANCE

Increase concentration

Balance Mudra
When you feel scattered you cannot concentrate or hear your internal wisdom. This mudra helps balance and concentration.
How to do it:
  • Sit straight and tall.
  • Bend elbows so your hands are just in front of you, just above your navel.
  • Rest the back of the left hand in the palm of the right hand.
  • Keep fingers together.
  • Breathe deeply from your belly.
 
 
 
 
 
Fingers and Mudras

Concept of MudrasMudras are all about the fingers, and each finger is packed with nerve endings, energy and a meaning all its own. The correct play of the fingers gives the Mudra the potency to heal. Let us take a look at the five fingers: 

  • The thumb represents the element earth, the stomach and worry.


  • The index finger represents the element metal, the lungs, and the large intestine and the emotions are depression, sadness and grief.


  • The middle finger is the element fire, the heart, small intestine, circulatory and respiratory systems, and the emotions are impatience and hastiness.


  • The ring finger is the element wood and is connected to the liver, gall bladder, and nervous system, and corresponds to anger.


  • The little finger corresponds to water, the kidneys, and fear.


  • In palmistry and astrology too the fingers depict profound meaning. 
 
 
Little finger: Mercury - The little finger relates to communication and it is associated with the second chakra. 

Ring finger: Apollo - The ring finger refers to relationships and is associated with Apollo, the sun god and the root chakra. 

Middle finger: Saturn - The middle finger refers to responsibility and is associated with the throat chakra, the gateway of purity. 

Index finger: Jupiter - The index finger refers to self-worth and is associated with the heart chakra. 

Thumb: Mars - The thumb refers to self-assertion and is associated with the fire element. 
  
 
 
 
 
 
 
 
 
 
AkashMudra

 
 
 
 
HridayMudra
 
 
 
JalMudra
 
 
LingMudra
 
 
PachanMudra
 
 
 
 PranMudra
 
 
PrithviMudra
 
 SuryaMudra
 
 
VayuMudra

New Thread: NSE Trading holidays for the calendar year 2014 [vimal]

Vimal Raj at 11:32 PM - Dec 21, 2013 ( )



From: vimal raj at 11:53 PM - Dec 21, 2013( )




From: vimal raj at 09:45 AM - Dec 23, 2013( )


New Thread: Nifty intraday trading strategy [Vimalraj]

Vimal Raj at 09:42 PM - Dec 21, 2013 ( )

Can try this setup for intraday play....

This strategy is for purely intraday.It has given me 600 points gain in last 6 days after brokerage. 

STRATEGY 

1) Time frame 3-min for EMA CROSSOVER and 5- min for PSAR (PARABOLIC STOP AND REVERSE) 

2)In 3min tf, EMA3 and EMA15 cross over to be taken for buy and sell 

3) if we get a buy signal from ema cross over, then look at psar for confirmation as follow 

4)make time frame 5-min,select PSAR, add 20-ema. 
if psar is below the cmp and cmp is above 20-ema, then it is a CONFIRMED BUY.(After step 3 then step 4) 

5)Always buy 2 lots.Book 1 lot at +15 point , 2nd lot at +30 points. 
If CONFIRMED SELL SIGN is generated, then reverse position. 

Thanks to :sonila

New Thread: THREE-BAR REVERSAL PATTERN [vimalraj]

Vimal Raj at 12:56 PM - Dec 13, 2013 ( )

Alton Hill from TradingSim, a day trading simulator, wrote about an enhanced three bar reversal pattern for day trading.

According to Alton Hill, three-bar reversals are too common in intraday time-frames. To select the best three-bar reversal patterns for day trading, he wants the third bar in the pattern to close above the highs of the first two bars.

The diagram below demonstrates the difference between the usual three-bar reversal pattern and Alton Hill’s day trading version.

RULES FOR LONG

  1. Bar 1 closes down
  2. Low of Bar 2 is below low of Bar 1 (and Bar 3)
  3. Bar 3 closes above the high of both Bar 1 and Bar 2
  4. Buy at close of Bar 3

RULES FOR SHORT

  1. Bar 1 closes up
  2. High of Bar 2 is above high of Bar 1 (and Bar 3)
  3. Bar 3 closes below the low of both Bar 1 and Bar 2
  4. Sell at close of Bar 3

WINNING TRADE


This a 5-minute chart of ES futures. It shows the regular session. I included part of the previous section to show the up trend that ended yesterday. After our entry, the prices drifted up for the rest of the session.

  1. The previous session ended with a strong bull trend.
  2. The three-bar reversal pattern was also the right shoulder of a bullish head and shoulders formation. (You might have noticed that the head of the formation was a regular three-bar reversal pattern. In this case, it gave a better entry than our enhanced pattern.)
  3. The last bar of the pattern closed above the highs of the two previous bars. That was our signal to buy.

LOSING TRADE


This is a 5-minute chart of E-mini Dow contract. Despite a strong signal bar, the pattern failed immediately after entry.

  1. Although prices were dropping consecutively for seven bars, the increasing buying pressureis obvious as the bars show long bottom tails (shadows).
  2. Tails developed at the top of the bars during the pullback upwards. Tails on both top and bottom of the bars are giving us mixed signals, implying that prices might be congesting soon.
  3. If we ignored the above warning signs and shorted the three-bar reversal pattern, it is difficult to find a worse entry point.

REVIEW – THREE-BAR REVERSAL PATTERN FOR DAY TRADING

This modified three-bar reversal pattern is impressive. A simple rule has turned this commonplace pattern into a powerful setup.

In fact, this added rule is asking for confirmation of the pattern in advance. (Applying the technique of candle blending, if Bar 3 in a normal three bar reversal pattern has good follow-through in Bar 4, blending Bar 3 and Bar 4 would have resulted in this enhanced three bar reversal pattern.)

You can easily combine this pattern with other indicators or price patterns to find high probability trade setups. The winning example is a great combination of a head and shoulders formation and a three bar reversal pattern.

However, due to the extra rule, the signal bar (Bar 3) tends to have a large range. As our stops are usually placed on the opposite end of the signal bar, the trade risk might be higher. We should either cut down our trade size or tighten the stop if possible. If you are unable to manage the risk, then skip the trade setup.

One last point to note is that if the middle bar of the pattern is an outside bar, be very careful. Outside bars often precede wild and unpredictable price action.

If you want to read more about three-bar patterns, you must take a look at our review of Johnan Prathap’s Three Bar Inside Bar Pattern and Thomas Bulkowski’s “Are Three Bar Patterns Reliable for Stocks?” article in Technical Analysis of Stocks & Commodities magazine.

New Thread: Micro Double Top and Bottom[vimalraj]

Vimal Raj at 07:35 PM - Dec 12, 2013 ( )

Micro Double Top and Bottom /   Entries

Smaller time frame charts may form micro double top and double bottom patterns. When these form at areas of entry, trades may be taken using a stop market order at the break of the middle swing.

Figure 1

Figure 1 of gold futures shows a micro double bottom with Point 1 and 2 being the bottoms. A long entry can be taken when price breaks above the swing high between Point 1 and 2, as shown by the red line.

Figure 2 

Figure 2 shows a micro double top in AUD/USD with Point 1 and 2 being the tops. A short entry can be taken when price breaks below the swing low between the two legs. The entry is shown by the red line.

Triple Top and Bottom

A variation involving three micro tops or bottomsmay be found at times. The entry for a micro triple bottom is above the swing highs between the legs. The entry for a micro triple top is below the swing lows between the legs.

Figure 3

Figure 3 of JP Morgan Chase shows a micro triple bottom with bottoms at Points 1, 2, and 3. A long stop market entry can be taken when price breaks above the swing highs between the legs. This entry is shown by the red line.

Stop Placement

Stops should generally be placed a place where the trade is definitely not working. Since a triple bottom or wedge may develop from a double bottom, stops could be placed at twice the height of the double bottom or top. Tight stops are meant to be tagged.

New Thread: Decision Point Trading[vimalraj]

Vimal Raj at 01:39 PM - Dec 12, 2013 ( )

SMART TRADER

2.01. Holy Grail

When I started trading, I was also like any other novice. I was searching for the Holy
Grail. I thought trading is all about knowledge and research. I was always searching for
new indicators, learning technical analysis and doing back testing.
I was not able to make any progress. I could impress my friends and some trading forum
members with my deep knowledge. But I was not making money, worse I was losing
consistently.
Finally it dawned on me that, I was on the wrong track. There was no point in digging
any deeper. I was totally confused. I did not know which way to proceed. At some point
of time, I really thought about quitting.
Luckily, while surfing the net I stumbled upon yourtradingcoach.com of Lance Beggs. I
was impressed with his market knowledge and insights. Everything he wrote made sense
to me. I bought his six volume book YTC Price Action Trader and read it many times. The
book changed my approach to trading. It was a new beginning.
My methods are much different from how Lance Beggs trades. But the core concepts are
same. I blended his methods with my existing knowledge base and developed my own
style. I learned one thing. Any method which is not based on the basic market behavior
ignoring the reality of the dual auction process will fail to make money in the long run.
Profitable trading is very simple. Win one out of two trades and win more than the losing
trade.
For that we need to
1. Identify a location from where we can expect a non random directional price
move
2. Trade with the trend
3. Cut the losses short and
4. Let the winners run
Identifying the right location is the most important thing. This requires defining a structure
for the market, a frame work within which the price moves. Surprisingly I found that
almost all technical analysis were attempting to do the same thing Rest is all about tactics
which can be tackled with little experience.



Download pdf :-

http://goo.gl/I27VwR



From: vimal raj at 03:05 PM - Dec 12, 2013( )


 six volume book YTC Price Action Trader :- download link 

http://goo.gl/Y63uSo

New Thread: NATURALGAS POSITIONAL VIEW 12/12/2013 [VIMALRAJ]

Vimal Raj at 08:52 AM - Dec 12, 2013 ( )

New Thread: MCX IEOD DATA [VIMALRAJ]

Vimal Raj at 07:57 AM - Dec 12, 2013 ( )

MCX IEOD INTRADAY DATA :: 5 MIN DATA 

17/10/2013 TO 10/12/2013 

DOWNLOAD LINK :-

http://mcxcrudetrade.hostoi.com/server555/mcxieod/



From: vimal raj at 10:07 AM - Dec 12, 2013( )


MCX IEOD INTRADAY DATA :: 5 MIN DATA 

17/10/2013 TO 10/12/2013 

DOWNLOAD LINK II :-

http://www.4shared.com/rar/aCERUg3S/mcxieod.html

New Thread: Pin Bars Pattern [VIMALRAJ]

Vimal Raj at 09:00 AM - Dec 08, 2013 ( )

Pin Bars Pattern

A pin bar is actually a candlestick pattern where the main body of the candle is very small with a long wick. The wick of the pin bar is two to three times the size of its body. Pin bar formations assist traders to find reversal setups for exhaustive trends and fading corrective moves for trend continuation setups.

Pin bars are also referred to as hammers/ hanging man and shooting stars. There are two types of pin bars namely: the bearish pin bar and the bullish pin bar. The bearish pin bar occurs after an uptrend and has a head with the real body and a long upper shadow.
Figure 1: Showing a bullish pin bar and a bearish pin bar




The color of the head can either be red or green and/or white or black depending on your bar chart. Bullish pin bars that have a bull close will be much stronger reversal signals than those with a bear close. Vice versa for a bearish reversal pin bar.
Figure 2: Showing a bullish pin bar in an uptrend and a bearish one in a downtrend



The bullish reversal pin bars are great indicators of the incoming profitability of the market while the bearish reversal pin bars signify the losses of the market. Acquaintance with pin bars will enable a price action trader to identify potential reversals and/or signifying a continuation depending upon the type and location.

Pin bars also occur at correction levels and main market turning points; including the falling trends, rising trends and range bound environments. Pin bars are most accurate trading indicators when they are joined with high support or resistance levels, main trend ratification, and clear formation.

Traders can make entries, exits and place stop-losses in the market simply by following the pin bars and how they form. They can enter a bullish or bearish pin bar as it breaks either the high or low of the real body depending on the direction of trading.

An effective pin bar trading strategy is vital to price action trading for identifying high probability setups. The pin bar can be traded on any time frame and from appropriate price action support and resistance levels.


How to Profit with Pin Bars

What are pin bars? Pin bars are single-candlestick reversal patterns. In other words, they are candlestick patterns which are made up of one single candle, often appearing at the top of a trend or at the bottom of a trend.

Pin bars are formed when there is a foregoing trend, and the pin bar candle opens and moves in the direction of the previous trend, only for traders in contrary positions to enter the market and drive the price of the asset in the opposite direction. The result is a candle that looks like a lollipop, with a long shadow, a short body oriented towards one end of the candle, and a short shadow on the other side of the body. The pin bar candlesticks are also known forex as:

a)      Hammer
b)      Hanging man
c)      Inverted hammer
d)      Shooting star

The hammer and inverted hammer are bullish reversal pin bars, while the shooting star and hanging man are bearish reversal pin bars.

Pin bars are very important price action patterns because their appearance is a signal that the sentiment in the market has changed, and that it may be time to unwind previous positions and take up new ones in the opposite direction (read this article for more on this).

The signals given by pin bars are not always accurate if you don’t really understand them in the context of the prior price action. For this reason, traders must use a means of confirmation or signal filtering to increase the accuracy of the pin bar signal.  But when combined with the right information and price action, they can be powerful signals and great way to enter the market.

Trading with Pin Bars

The process of trading with pin bars is simple.

a)      Identify the current trend.
b)      Identify the pin bar.
c)      Combine the pin bar with a method of trade confirmation (i.e. at key support and resistance areas, at event areas, pullbacks to the 20ema, etc)
d)      Execute the trade either at the open or on a 50% retracement of the pin bar

It is not usually hard to identify the current trend. Simply looking at the chart and the direction of the price movement will indicate what the trend has been.  You can also look for impulsive and corrective price action.

Identifying the pin bar is the next step. A true pin bar can be recognized by the following characteristics:

a)      It has a short body
b)      It must have a long shadow on the end that is opposite the direction of the trend, in the direction of the reversal
c)      The pin bar should ideally have a closing price that is lower than the open price for a bearish reversal pin bar, and close above the candle open if the pi nbar is a bullish reversal pin bar.

Only pin bars located at either end of the trend should be used. Pin bars occurring at areas of market consolidation or in the middle of a trend will not produce good trading opportunities.

Once the pin bar occurrs at the top or bottom of a trend, and has been identified, it is time to combine the pin bar with a method of trade confirmation. One of the best methods of trade confirmation is by checking to see if the pin bar is at a strong region of support or resistance where price action has had a strong reaction in the past.  You can call these event areas, or areas of impulsive price action.

On intraday price action trading, using pivot points for the day works pretty consistently. All a trader needs to do is to download an automatic pivot point tool, apply it to the chart, and the key levels of support and resistance will be displayed.

Typically, the opportunity is to look for where a bearish pin bar forms on a resistance (R1, R2, R3) or where a bullish pin bar is on a support (S1, S2, S3). These are shown in the charts below:




From: vimal raj at 09:03 AM - Dec 08, 2013( )


The Pin Bar

The above picture is a perfect example of a pin bar.  A pin bar is essentially a candlestick that closes with a very small body and a very long wick in 1 direction.  Martin Pring wrote a book, Pring on Price Patterns, in the mid-2000’s, and in it he identified this candlestick formation.  In Pring’s research he began to notice this candlestick formation appearing at the tops and bottoms of large market reversals, and he ended up discovering that this small candle oftentimes indicates possible trend exhaustion and possible reversal.

How To Trade The Pin
First of all, not all pin bars are created equal.  Thus, in order to trade this strategy properly, you should only trade the most defined pin bars that form in currency trading.

Key Levels
The best pin bars form at significant areas of support/resistance.  Therefore, you do not want to trade pins that form in the middle of consolidation.  Instead, you want to trade them at exhaustion points of strong support/resistance as determined by the use of price action analysis via trendlines, fib levels, pivot points, previous swings, etc.

Trend is Your Friend
The best pins form in the direction of the overall trend.  Thus, if the overall trend is bullish and a bearish correction forms, you want to look for a pin bar to form during the bearish correction as a signal that price is about to resume the bullish trend.
 
Entry & Exit
Entry is always on the break of the pin bar’s nose and the stop loss is always placed a few pips beyond the pin’s wick.

Timeframes
In classical technical analysis, it is known that technical setups that occur on higher timeframes tend to be more reliable because the setup is encompassing a wider set of data.  Thus, a price pattern on a 4 Hour chart will tend to be more reliable, then a similar price pattern that occurs on the 5 Minute chart. Pin bars are no different.  The best pin bars are those that form on the 4 Hour and Daily chart.



From: vimal raj at 11:30 AM - Dec 08, 2013( )




From: vimal raj at 08:47 PM - Dec 23, 2013( )


In the picture above, you’ll see two occurrences of the hammer candlestick formation. The first hammer (pictured on the left) did not work out. You would have been stopped out if you had placed your stop loss one pip below the bottom of that hammer.

Using the stochastic oscillator would have given you a clear signal to stay out of the first trade, because the hammer occurred during a cycle high (according to the indicator) and near the overbought level (80). Since the hammer is a bullish reversal signal, we would prefer the stochastic indicator to be in or near the oversold area (20). This would have been one indication to stay out of that trade.

The second hammer formation (pictured on the right) worked out nicely. Price never came close to taking the stop loss out before surging upward. In this case, the stochastic oscillator indicated that price was making a cycle low and was near the oversold level (20). Let’s take a look at another 

New Thread: CANDLESTICK AND PRICE PATTERNS [VIMALRAJ]

Vimal Raj at 05:56 PM - Dec 07, 2013 ( )

Here...I WILL UPDATE CANDLESTICK PATTERNS

AND 

PRICE PATTERN ( INSIDEBAR , NR7 ...) IN DAILY...

LEARN - CANDLE STICKS PATTERNS (SUNDAY SPECIAL)

http://www.mudraa.com/trading/59492/0/learn-candle-sticks-patterns-sunday-special-.html



From: vimal raj at 08:13 AM - Dec 17, 2013( )


Learn Candlestick pattern base options trading :-

download pdf file here :- 



From: vimal raj at 08:31 AM - Dec 17, 2013( )


http://share.pdfonline.com/2013/12/16/dac7ee457c5545e3a54e4700eec73cf7/ophCandlestick.htm

New Thread: ADANIPOWER ~ F&O COMBINE [vimalraj]

Vimal Raj at 12:10 PM - Dec 07, 2013 ( )

Monday ADANIPOWER EQ Once trade above 41.00 Then

BUY ADANIPOWER JAN2014 FUTURE 1 LOT : +

BUY ADANIPOWER 40 PUT OPTION [DEC 2013] 1 LOT : 

BUY ADANIPOWER 42.50 CALL OPTION [ DEC 2013] 1 LOT :

[ 42.50 CALL WE WILL EXIT ONCE RECOVER THE PUT PREMIUM ]

Threads by Vimal Raj
TitleDate
MCX IEOD DATA 2014 [VIMALRAJ] [9 ] Commodity Calls 05 Jan, 2014
Vinoth's Crudeoil trading Experience [Vimalraj] [40 ] Commodity Calls 05 Jan, 2014
2014 ~ celebrate with vimalraj [13 ] General Discussion 01 Jan, 2014
Favorite World Films [vimalraj] [9 ] General Discussion 31 Dec, 2013
MENTHAOIL POSITIONAL [VIMALRAJ] [12 ] Commodity Calls 27 Dec, 2013
Mudraa library [vimalraj] [245 ] General Discussion 23 Dec, 2013
SBIN ~ POSITIONAL TRADE [VIMALRAJ] [2 ] Futures & Options 23 Dec, 2013
Three Buddha Top And Bottoms [vimalraj] [12 ] Learning Section 22 Dec, 2013
Tweezer Bottom & Tweezer Top [vimalraj] [4 ] Learning Section 22 Dec, 2013
MUDRAS FOR INNER HEALING [vimalraj] [6 ] General Discussion 22 Dec, 2013
NSE Trading holidays for the calendar year 2014 [vimal] [3 ] General Discussion 21 Dec, 2013
Nifty intraday trading strategy [Vimalraj] [11 ] Learning Section 21 Dec, 2013
THREE-BAR REVERSAL PATTERN [vimalraj] [10 ] Learning Section 13 Dec, 2013
Micro Double Top and Bottom[vimalraj] [3 ] General Discussion 12 Dec, 2013
Decision Point Trading[vimalraj] [20 ] General Discussion 12 Dec, 2013
NATURALGAS POSITIONAL VIEW 12/12/2013 [VIMALRAJ] [5 ] Commodity Calls 12 Dec, 2013
MCX IEOD DATA [VIMALRAJ] [2 ] Commodity Calls 12 Dec, 2013
Pin Bars Pattern [VIMALRAJ] [2 ] Learning Section 08 Dec, 2013
CANDLESTICK AND PRICE PATTERNS [VIMALRAJ] [7 ] General Discussion 07 Dec, 2013
ADANIPOWER ~ F&O COMBINE [vimalraj] [2 ] Futures & Options 07 Dec, 2013
UNIONBANK ~ F&O COMBINE [vimalraj] [1 ] Futures & Options 06 Dec, 2013
short term delivery picks [vimalraj] [14 ] General Discussion 06 Dec, 2013
LEADM RISKY POSITIONAL [VIMALRAJ] [6 ] Commodity Calls 05 Dec, 2013
ASIANPAINT ~ POSITIONAL [vimalraj] [3 ] Futures & Options 05 Dec, 2013
TATAMOTORS ~ TRAP TRADE [Vimalraj] [2 ] Futures & Options 04 Dec, 2013
SILVER POSITIONAL VIEW 03.12.13 [VIMALRAJ] [3 ] Commodity Calls 03 Dec, 2013
BHARTIARTL ~ NRIB PATTERN [VIMALRAJ] [8 ] Learning Section 03 Dec, 2013
Double Inside Bar Setup [vimalraj] [8 ] Learning Section 03 Dec, 2013
BANKNIFTY13DEC12200CE ~ UNBELIEVABLE [VIMALRAJ] [7 ] Futures & Options 03 Dec, 2013
COMMODITY INTRADAY RIDE [VIMALRAJ] [14 ] Commodity Calls 02 Dec, 2013
Banknifty Option Intra Ride [VIMALRAJ] [16 ] Banking Sector 02 Dec, 2013
Banknifty Spot Long Term View [vimalraj] [13 ] Learning Section 02 Dec, 2013
MENTHAOIL POSITIONAL [VIMALRAJ] [1 ] Commodity Calls 02 Dec, 2013
BEWARE STOCKS LISTS - DEC 2013 [VIMALRAJ] [8 ] General Discussion 01 Dec, 2013
JINDALSTEL ~Rs.500 - 530 [vimalraj] [12 ] General Discussion 01 Dec, 2013
USDINR ANALYSIS 1.12.2013 [VIMALRAJ] [14 ] Commodity Calls 01 Dec, 2013
OPTIONS RIDE DEC 2013 [VIMALRAJ] [35 ] Futures & Options 01 Dec, 2013
Double Doji Candlestick Pattern [vimalraj] [24 ] Learning Section 01 Dec, 2013
Master Candle setup [vimalraj] [21 ] Learning Section 01 Dec, 2013
OptionsOracle-Working [vimalraj [7 ] Futures & Options 30 Nov, 2013
CRUDEOIL POSITIONAL VIEW 30.11.13 [VIMALRAJ] [179 ] Commodity Calls 30 Nov, 2013
2/20-DAY EMA BREAKOUT [Vimalraj] [5 ] Intraday Section 30 Nov, 2013
HIKKAKE PATTERN ~ simple pattern [vimalraj] [22 ] Learning Section 30 Nov, 2013
Nifty spot analysis [Vimalraj] [181 ] General Discussion 30 Nov, 2013
Nse EOD data 1994 to 2013 [vimalraj] [1 ] General Discussion 21 Oct, 2013
COALINDIA BEAR TRAP OPTION [VIMALRAJ] [2 ] Futures & Options 20 Oct, 2013
HINDUNILVR ~ Double Doji Breakout possible ??? [8 ] FMCG Sector 20 Oct, 2013
Adani Enterprises bullish wolf wave [vimalraj] [10 ] ADANI ENTERPRISES LTD. 20 Oct, 2013
What about nifty next ? 21/10/2013 [vimalraj] [7 ] Futures & Options 18 Oct, 2013
What about nifty next ? 17/10/2013 [vimalraj] [7 ] Futures & Options 17 Oct, 2013
1 to 50 of 847<< Previous Next

Following (0)