Indus Gas Share Discussion Threads

[bleunose] 26/8/2009 12:24

Tuesday 25th August
Day's Close 4,916.8
Previous Close 4,896.2
Previous Open 4,881.2
Change +20.570
% Change +0.42%
Volume 1,032,000,000
Index Activity
Day's Open 4,871.3
Day's High 4,923.3
Day's Low 4,863.6
20-Day Close M.A. 4,711.6
50-Day Close M.A. 4,474.9
65-Day Volume M.A. 1,070,307,695

[chippy2] 26/8/2009 11:51

bluenose....

You might find this of interest....mc just posted it on the ftse thread..

[daveinchy] 26/8/2009 06:50

bleunose - Great idea for thread.
IG charts use - IT Finance Charts. Have you tried the backtesting and proscreen functions available. If you haven't tried these it might be worth putting some time in to get to know what they do - they are very useful.

[mroalan] 25/8/2009 13:11

up/running cheers guys,don,t knock it have a look.

[hithere2] 25/8/2009 11:04

sounds more like a bullish investor with his head in the clouds...ooooer...groan...

[bleunose] 25/8/2009 10:59

mrolan ig markets have them in their charts

The Ichimoku study consists of 4 lines, calculated as follows:

1) Tenkan-Sen or Conversion Line = (Highest High + Lowest Low) / 2, for the past p1 periods;

2) Kijun-Sen or Base Line = (Highest High + Lowest Low) / 2, for the past p2 periods;

3) Senkou Span A or Leading Span A = (Tenkan-Sen + Kijun-Sen) / 2, plotted p4 periods ahead;

4) Senkou Span B or Leading Span B = (Highest High + Lowest Low) / 2, for the past p3 periods, plotted p4 periods ahead.

By default p1=9, p2=26, p3=52, p4=26.


Kumo, or Clouds is area between Senkou Span A and B.


Buy signal is generated when Tenkan-Sen crosses Kijun-Sen from below, sell signal is generated when Tenkan-Sen crosses Kijun-Sen from above.


Clouds play the role of support/resistance areas and help identify trends. When the price is above clouds, the trend is bullish. When the price is below clouds, the trend is bearish.

[mroalan] 25/8/2009 10:48

HT.THANKS I,VE E-MAILED THEM.

[square1] 25/8/2009 10:07

Heading to £5? It looks that way

[hithere2] 25/8/2009 10:06

mroalan www.deal4free.com

[hithere2] 25/8/2009 09:38

Great great thread Bleu.

Th 61.8% Fib is the most accurate the only problem is learning which high and low to choose and that comes with experience. There many different sets of tools to use that will work well. The key to being successful is as you pointed out at the top. Setting a SMALL stop that is easy to recoup if wrong and always using good money mangement. If these two things are ignored then it doesn't matter how much you make you will simply lose it ALL at a later date.

[mroalan] 25/8/2009 08:32

does anyone know where you can get itchmoku charts live, brokers ect,i,ve found it on metatrader but only for forex !

[noon] 25/8/2009 08:21

already posted but i have this one in my fav. folder



bleunose- it might be a good idea to put these links on your header for easy access.

btw advfn links in a header do not work.

[mornington crescent] 25/8/2009 08:16

you will find that all candles need later confirmation

[andonis] 25/8/2009 07:53

Good thread blue...
RS, re Gravestone Doji.....If you look at the Monthly Chart of DJI the June Gravestone Doji did not work out.
I wonder if alone it is sufficient indicator.

[bleunose] 25/8/2009 07:52

i set this up really to see if i could involve people to talk about all different aspects about trading and everyones different interpretations . i agree there is tons of stuff to use its about getting one that works for you and sticking with it

[mornington crescent] 25/8/2009 07:47

bleu

you seem to be attaching great importance to indicators

but have you actually tried trading without them ?

try it

you will learn a lot more about market/price action than you would think

[bammbamm] 25/8/2009 00:53

snap, there's lots of good articles in this link


Try and find your own system that works and follow it. If you can, spend time just watching the live charts while you paper trade and don't use too many indicators of the same type eg rsi, stochastic and macd.
Good luck.

[bleunose] 25/8/2009 00:34

Futures prices tend to give clues as to where the next days trading action is heading . for me looking at futures highs and lows are usually good for a reversal it ties in with pivots if macd/ rsi / support /resistance is also on alignment with price ..

[snap23] 25/8/2009 00:33

Good on yer still learning but with good company.

[bammbamm] 25/8/2009 00:30

Snap, works fine with IG (I only posted advfn charts as don't know how to upload other charts).
The important point is that both lines stayed above 80 so the uptrend was strong and any pull backs were bear traps and buying opportunities until below 80 again and yes I made a few quid thanks.

[snap23] 25/8/2009 00:25

Dont use advfn charts only IG's,thanks all the same.Looks as though it popped over a few time but if ur keep ur bottle ud have made a few quid thanks.

[bammbamm] 25/8/2009 00:17

Snap, sure does! Here's the recent UKX rally, I've added the rsi to show the so called overbought:


Be aware though that advfn is not so reliable with stochastic and indices.

RS I only use them on a daily chart and tend to use the actual readings and the direction the lines are pointing.

[bleunose] 25/8/2009 00:10

weekly

Index Value
Intraweek Close 4,896.2
Previous Weekly Close 4,850.9
Previous Weekly Open 4,679.5
Change +45.340
% Change +0.93%
Volume 901,000,000
Index Activity
Week's Open 4,881.2
Intraweek High 4,911.4
Intraweek Low 4,868.9
20-Week Close M.A. 4,388.5
50-Week Close M.A. 4,298.8
20-Week Volume M.A. 5,444,200,000

[rs2ooo] 25/8/2009 00:09

I like that bammbamm and will look out for it. Stochs give me too many false signals so i don't use them, but anything that can give me a better understanding of interpreting what they are trying to say is great. Thanks.