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gandhiadg
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Thank You PivotProfiler and all for your valuable replies in terms of guidance. Now, how does a begginer encompass all these valuable ideas into an actionable plan? Results could only follow then. Thanks in advance. gandhiadg
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Thks for the replies. As for the details sought by Mr.Paul, i would say that i would be referring to a swing chart on daily basis (end of the day chart) with a swing parameter set at 3% . i would be looking to complete my roundtrip for buy and sell typicall within 3/5 days and would look to a value addition of about 5% for the transaction. The chart could be trending or range bound. which indicators to go by when planning for a such a trade plan as going by the oscillator levels have more often trapped me in an incorrect trade. expert guidance requested. thks in advance. gandhiadg.
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Frm:gandhiadg; As A Beginner To Technical Analysis I Would Like To Request A Clear Understanding And Insight From The Experienced Traders On The The Interpretations Related To Oscillatior Position For Short Term Trading Purposes. For Example When Rsi Is In Overbought Zone And The Reading Increasing From 60 To 75 To 81 And So On. Now Is It An Overbought Position For The Market To Reverse Or Bulls Are Getting Stonger. Similarly For Oversold Position When The Reading Drops Below 30 And Continues To Do, Is The Market Preparing To Reverse Or The Bears Are Getting Stronger. What Could Be The Practical Guideline To Decipher Between The Two With A Good Level Of Probabilitly To Enable Taking Better Trading Decision Thks In Advance. Gandhiadg.