Indus Gas Share Discussion Threads

[rs2ooo] 16/8/2009 01:43

Haven't read your posts bluenose, but think I get the drift of this thread.

My favourite patterns:

1) 3 push MACD.

This is where price makes 3 higher highs whilst MACD makes 3 lower lows each with a crossover as follows:



2) RSI of 93+. Find any chart with an hourly RSI of 93 or more and go short. They are not easy to find, but they never fail.

3) Weekly Gravestone Doji's on FX. Check out last weeks one on Cable. I shorted the gap-up open last Sunday, after which there was no upside.

4) And finally, one to ponder over - A perfect weekly Doji on DOW:




And although not one of my favourite patterns, it becomes interesting with the combination of a spinning top and a resistance on the FTSE:

[bleunose] 15/8/2009 17:59

moosh ,

in a market that been pumped by quantative easing unfortunatly technical analysis sometimes goes out the window . its the reason i find myself where i am this recent rise i think caught many offside . common sense tells u that the country is in a mess . as many companies results are showing us that it aint no better .. but the chart is saying we are coming out off it ...only time will tell i quess

[moosh2] 15/8/2009 14:53

indeed. it's nice to find some really good companies on their fundamentals, and then just to dive in and jump out when the indicators say so, on wotever term you're happy with, days, weeks, months. i have no recommendations cos' i'm still testing waters myself, but i reckon that understanding techs right now, when the economy is as rubbish as it is, means that when it does recover properly, you'll know with more confidence when the best times to buy and sell (or not) are, and rather than lumping in halfway up an uptrend, getting in nearer the bottom using techs such as macd and rsi, will just (theoretically) make more profit. i don't know why lots don't bother checking out techs. it ain't difficult and it'll probably help making more profit.

[bleunose] 15/8/2009 13:26

Its using indicators and trying to get the Risk Reward / Emotional trading in the right balance . I have made and lost a lot of money trying to get this right

[bleunose] 15/8/2009 13:23

cheers moosh2

[moosh2] 15/8/2009 13:21

oh, and i like using 15/45/100 simple moving average (SMA) crossovers, but i also like 9/26/200 volume weighted average price crossovers too.

wooooooooooo!!!!!!!!!!!!

[bleunose] 15/8/2009 13:15

Pivot points

Pivot Points
Calculation:
P = (yesterday's high + yesterday's low + yesterday's close)/3
R2 = P + (yesterday's high-yesterday's low)
R1 = 2 * P-yesterday's low
S1 = 2 * P-yesterday's high
S2 = P - (yesterday's high-yesterday's low)
R2 and R1 two resistances
S1 and S2 two supports,
p pivot point.

Interpretation:
This indicator represents the pivot point and two levels of support and resistance.
The indicator enables you to know if the price is close to strategic levels and encourages you to take positions in the market.

[bleunose] 15/8/2009 13:14

MACD

MACD - Moving Average Convergence Divergence
Calculation :
The blue line of the MACD is obtained by substracting the y days exponential moving average from the x days exponential moving average
The red line of the MACD is obtained by calculating a z days exponential moving average of the blue line.
x, y and z are the MACD parameters, typically equal respectively to 12, 26 and 9.
The MACD histogram is obtained by substracting the red line from the blue line.

Interpretation :

MACD is an excellent trend indicator, and partly minimises the delays obtained with the usage of simple moving averages.
There are 2 basic ways to use MACD:
Crossings:
A buy opportunity appears when MACD crosses upwards its signal line.
A sell signal may be triggered when MACD crosses downwards its signal line.
The divergences between the MACD histogram and the price quote identify major reversal points and give strong buy/sell signals.
A bullish divergence occurs when stock prices make new lows while the MACD histogram fails to make new lows.
A bearish divergence occurs when the stock price makes new highs while the MACD histogram fails to make new highs.
The bullish and bearish divergences are more significant when the MACD is in an overbought or oversold level.
The opportunities appearing in longer time horizons (weekly, monthly..) generate larger price movements.

i like the 1 , 2 ,3 min 5 min crossover for a trade with direction . as long as RSI is aligned the direction you are going . THe zero line cross over is key


A video off u tube to help the newbies

[bleunose] 15/8/2009 13:12

RSI

RSI

Calculation:
RSI(on n period)=100-100/(1+p) with p=(average of n days up/average of n days down).

Interpretation :
RSI is an overbought / oversold indicator. Buy signals occur generally when crossing the 30 level and sell signals when crossing the 70 level.
RSI is always scaled between 0 and 100.

It also gives good divergence signals.
A bullish divergence occurs when the stock price makes new lows while the RSI fails to make new lows.
A bearish divergence occurs when the stock price makes new highs while the RSI fails to make new highs.

Post 7 from moosh

i like RSI (5 period) on daily and hourly - and tend to lump in once i've seen bullish divergence on RSI or macd or both. that's the theory - the penny only dropped few weeks ago regarding RSI usefulness so not tested it out in practice but checked back on loads of chart and found RSI(5) to be good to get the lows, even if it is just to get 10% profit). always best to use RSI(5) oversold alongside macd once macd has crossed up above signal from below zero. but i prefer risk taking and tend to lump in in a dollar cost averaging exercise anyway.

u tube video

moosh uses 5 period moving average

[bleunose] 15/8/2009 13:06

Moving averages

i use simple moving average 20 day and 50 day ..Any views welcome on what averages tothetr people use o use

Moving Average
Calculation :
Simple Moving Average = (TodayClose+PreviousClose+..Close([X-1] day before)/X. X is the parameter determining the number of days to consider in the calculation
The Exponential Moving Average gives a stonger weighting to the most recent prices and thus reacts more to the last price changes.Calculation:
%exponentiel=2/(period+1).
(close of the day * %exponential)+(yesterday's moving average * (100-%exponential))
. You could use the weighted moving average.
Calculation:

MA=(P1Ct+P2C(t-1)+...+PnC(t-n))/(P1+P2+...+Pn), P as period and Ct the close at the date t.

Interpretation :
Moving averages are one of the most popular technical analysis tools.
They are useful in highlighting a trend because they display the average price of a security at a given time.
Put 0 in the parameter box in order not to display the moving average.

When the short moving average rises above the long moving average there is an upward trend and when the short moving average falls below the long moving average there is a downward trend. You could equally use only one moving average and compare it with the price for trading purposes.

[bleunose] 15/8/2009 13:05

Trading Discipline Rules - Risk UNDERCONSTRUCTION
Dont bet/invest with money that isnt yours
Learn about your emotions before a trade.

You are trading other traders, not the actual stock. You have to be aware of the psychology and emotions behind trading.

Be very aware of your own emotions. Irrational behavior is every trader's downfall. If you are yelling at your computer screen, imploring your stocks to move in your direction, you have to ask yourself, "Is this rational?" Ease in. Ease out. Keep your stops. No yelling.

Money management is the secret to success. Don't overweight your trades. The more you overweight a trade, the more "hope" comes into play when it goes against you. Hope is to trading as acid is to skin. The longer you leave it in place, the more painful the outcome will be
Refuse to damage your capital. This means sticking to your stops and sometimes staying out of the market.
Amateur traders turn into professional traders when they stop looking for the "next great technical indicator" and start controlling their risk on each trade.

to be continued



.

[bleunose] 15/8/2009 13:03

Starting with the basics of chart patterns . What should u have on your screen as a day trader / invester ...No gamblers on here ....


I have obvious price is the main part of you screen
Price
The price represents the evolution of the stock.
It can be presented in several forms (curve, bar chart, candlestick, mountain, histogram).
You can modify the style of presentation by making a right click on the price. With a left click, select Properties price and choose the style of presentation.
Suggestion:
For a more informed analysis, we suggest you use bar chart or candlestick presentation. This allows you to access maximum information (open, high, low, close).

[bleunose] 15/8/2009 12:54

i just wanted to try and create a thread to help me understand and discuss in details trading indicators and methods to improve Any contributions are welcome to improve your own trading ! if you make a comment on any of the trading methods then i will add it to the headers

What no one learns early on is Trade Size and cutting your looses quick ......When to get out of a bad trade setting stops at a level that wont bust your account with a few bad trades is key . i hope to elaborate on this later

understanding youself first may well be a good start


just a snippet from that article which i found really to the point

Perhaps it is because trading normally is ten percent learning
about the market and 90 percent learning about you.
Unfortunately, if a trader doesn’t know himself, the markets are
a very expensive place to find out. If traders were to spend half
as much time studying their own behavioral patterns as they did
studying the markets, the benefit to the bottom line would be
much greater than having unlimited access to every course,
video, system or technical book ever written on the markets

Links hxxp://www.trading-naked.com/Setups.htm

hxxp://www.tradingsmarts.com/4percentrule.htm

FOREX LINK FOR PIVOTS
hxxp://www.allpivotpoints.com/pivot_points/pivotcore-exchange-forex-symbol-EURUSD.html

[tenapen] 14/8/2009 11:34

Edited,

square1 - 13 Aug'09 - 08:18 - 40 of 42

After some "MORE" consideration of the figures, it seems the market recognises the value.

Regards.

[par555] 13/8/2009 21:14

Steady progress and as yet undiscovered by the ramping /deramping element.

A good place to be IMHO

[square1] 13/8/2009 08:18

After some consideration of the figures, it seems the market recognises the value

[tenapen] 12/8/2009 11:15

A solid hold IMO.

I'll add on any dips.

Regards.

[square1] 12/8/2009 08:58

Well everytrhing appears to running according to plan. With guaranteed income from GAIL from Apr and huge upside potential from further gas discovery as obviously increasing demand the future remains very bright IMHO.

[tenapen] 05/8/2009 08:34

Indus will provide an additional operations update in it Annual Financial Results for the year ended 31 March 2009, which it intends to announce on 12th August 2009.
END



Only one week to find out if i have hitched my trailor to a donkey or a stallion.

[azalea] 13/5/2009 09:13

House broker Arden partners 11/5 forecasts

2009 Ptx £ -0.6m Eps -0.3p

2010 Ptx £ 4.25m Eps 2.3p

[azalea] 10/5/2009 07:52

jackal2
Many thanks. I added 1k in the dip(and I said it wouldn't fall back), so did someone else, which pulled the share price back up a bit - very sensitive to any sort of volume, either way. The big draw for me with INDI is the existing proven reserves being able to supply the aforementioned 33.5m cuftpd, for 12 years! Given that the family hold 89.5%, if INDI is going for a full listing, presumably the company will have to issue more shares, or, the family will have to sell some of their stake to meet demand.

[jackal2] 09/5/2009 19:34

INDIAN POWER COMPANY HAS A FOOT ON THE GAS.

The Alternative Investment Market (AIM) offers investors a couple of chances to tap into the demand for power in India although KSK power ventur this week announced plans to move to the full list later this year. So, perhaps it is time to look at indus gas, which joined Aim less than a year ago. Its shares quickly rose from 164p to 240p, before hitting a low of 105p at the end of the year. However, they have started to recover after last week's announcement of a "take or pay" sales deal with the gas authority of India (GAIL) with an expected value of $600M. indus will start to supply 7m cubic feet a day from next April, increasing that over the following year to 33.5m cu ft. The gas will come from the SGL field, in which Indus has a 63% interest. Gail has yet to construct the pipeline to the end-user, a power plant in Rajasthan. But the commercialisation of indus's initial production will take some of the risk out of further exploration.

regards.

[azalea] 07/5/2009 08:11

Jackal2
That is interesting, can you tell me what the FT said? I do not see the share price calming down(falling back). I am watching CEY, will take a look at CFM.