Calls for 20-05-2010

  • INDIANB -Sell
Rest During Mkt Hrs. Mkts. looks week. Small bounce-back could be expected.
Posted by Yogesh Kumar at 5/20/2010 09:00:00 AM

2 comments:

  1. Mayank SharmaMay 29, 2010 at 1:33 PM

    hi Yogesh,

    nice to see that ur now explaining and posting charts too. but it still goes above the head. i see u've quite some indicators but u seem to favour some and pretty much neglect others. i see u in PNB,going long despite the parabolic SAR dot being above the bar. also in the same trade, u r long despite the VMACD line taking a dip almost immediately upon u taking the trade. the line (or lines) keeps going down the whole time, but u persist with the trade.
    so i think most of ur pressure is on the RSI, if the trend there looks up, u take the trade.sure ur using other things to confirm also, but in ur unique way.

    regards
    Mayank Sharma

    ReplyDelete
  2. Yogesh KumarJune 2, 2010 at 11:18 PM

    Dear Mayank
    Thanks for comments/queries. First of all i won't show any chart while hiding any of the indicator. If i use any of the indicator i will show it on the charts also.

    Secondly, after taking any trade there is 100% risk of it's failure. I judge chart formations on several time frame. My greatest time frame is Hrly. - then 30mins. then 15mins. and so on. Side by side i also see vol Vs price action. If i get some promising message i get in.

    In this process, i reject TA formations several times and picks some of them sometimes.

    In a sigle time frame/style of chart successful Intra-day trade for grater gain is not possible - i think.

    Further queries/clarifications are welcome.

    Regards.

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