Rank: Newbie
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Joined: 12/18/2006(UTC)
Posts: 6
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Hello 2 all ,[:)] i m new to this forum .I currently work by RSI and BOLLINGER BANDS for trade in NCDEX (indian comm market).Anyone can suggest me the true strategy and indicators to harvest profit. Thanx
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 8/13/2005(UTC)
Posts: 170
Thanks: 7 times
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Sapna,
Every one is in search of the "Holy Grail ".Which actually is not there in full perfection , moreover it varies from individual's time frame & objective.As i am an absolute Intraday / Exteremely short term Swing trader (based on EOD data ) hence many Osc/ Indicator may be very good but does not suit my trading style.Plz determine your trading style ,Risk/Reward ( sustaining capacity both for Profit/Loss ) etc, then search for Indicators / Osc .Actually these indicators / Osc , which have worked on past data & gives you an edge against the odds,always use atleast one confirmatory signal other than your main signal & the trend must start in the higher time frame (than the time frame you use ) , before initiating a trade.Cheers.
Asish
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/18/2006(UTC)
Posts: 6
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hello uashish,
thnx for ur aluable guidence.
but i want to know M I RIGHT OR OTHER PEOPLE WORK ON OTHER STRETEGY
that s all.
thnx once again for reply
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/30/2007(UTC)
Posts: 1
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hi, u shud use rsi macd as well as stochastics with 5/13/26 dema for doing EOD based transactions.
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