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Stock Tips

Discussion in 'Traders Coffee Shop' started by siva934127, Nov 26, 2013.

  1. siva934127

    siva934127 Member

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    In media technical analysts are providing more than 10 stock tips every day.

    Are they using any tools to select the stock?

    For me it is taking much time and days also to select the perfect stock based on technical analysis to buy.

    Please let me know if you have any information.

    Thanks,
    Siva.
     
    siva934127, Nov 26, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes they use the tools to generate levels which they don't invest in.
     
    shabbir, Nov 26, 2013
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  3. siva934127

    siva934127 Member

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    Please let me know the tools, cant we generate levels like them?

    Thanks,
    Siva.
     
    siva934127, Nov 26, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Products like Meta Stock, Ami Broker
     
    shabbir, Nov 27, 2013
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  5. kajaria

    kajaria New Member

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    Hello Shabbir , for day trading I am using BOLLINGER BANDS and SMA for 20 days and 60 days , with a timeframe of 10 mins duration, its correct pl advice.
     
    kajaria, Dec 6, 2013
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Wow, good strike.
     
    sanjay_sansanwal, Dec 6, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    No. Because you are based on purely mathematical and I prefer purely price based action and then maths to add to the price action strategy
     
    shabbir, Dec 6, 2013
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  8. siva934127

    siva934127 Member

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    Could you please explain more clearly, about price based action and price action strategy?

    Can I assume your answer is, depends on the stock price movement (up/down) and have to change the technical settings based on the stock movement?

    Please correct me if i am wrong.

    Thanks,
    Siva.
     
    Last edited: Dec 6, 2013
    siva934127, Dec 6, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Its done in the ebook and patterns like higher top higher bottom and W. Where is it not completely mathematical but more on the visual representation of charts.

    Yes but then how we read them is more important.
     
    shabbir, Dec 7, 2013
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