My/our style is completely different,I think..........
You are already using all the tools you need. But I think,you need strategy now,not tools. I mean where are you gonna buy and sell at the levels of an indicator? That is what you need to know or "plan"! Let's see this strategy :
We buy if :
1. Candlesticks giving bullish signal :
2. At oversold situation
3. At moving average.
4. At support level.
5. At moderate volume.
Above is a strategy that combines candlestick,oscillators,moving average,volume and support level. There could be a more than 20 different types of strategy like above for a TA to stick to..........
You may find it pretty interesting to see that stocks usually act according to strategy. And almost 80% times,strategy works. And it gives disciplined approach to market. Most of all,when a TA has defined strategy to trade,the TA is not scared or panicked or blind...........
You aim is to find our reversal signal...............If you look at the DSE index itself and our forum postings on Index,you would see that the index has reversed just at the support zone. That is reversal. And I don't think you can easily detect it without software. I have no idea how you are gonna do that with Excel.
I suggest you to use software to make life easier. I know it is difficult to break old habit,and establish a new one. But that is worth it.............
TC!!
I think this forum,"dsetrader.com" itself is enough for answering all the queries you have below.............This forum is self fulfilled............You will get anything you want to stand up and get going. Any new trader's life can change forever from this forum.
All you have to do is to find out stuffs of this forum. Use "search",or post queries................I think there are several great guys here enough to answar anything you need to know.............
It looks like you have remained disconnected from the forum for long,and don't usually browse it. If you did,you would see we have not only uploaded the softwares needed to trade in stock market,we have also showed everything needed to setup the database for trading DSE symbols............
Amibroker is always the best.No deny..............
No,written manual is surely not enough for anyone to get going. Help of other advanced users is needed.
We have already uploaded five years data of DSE here. All you need is to save only one page of dse in text format to regularly update the data. There are softwares in this forum to do the work for you of extracting data............
If you are gonna be a very long term trader,then try weekly data,and weekly chart instead of daily data/chart. See the condition of your holdings every weekend and decide accordinly. Hull's long term investment techinque consists of Weekly chart. A very cool stuff!!
No,I don't have such provisions to train and supply the soft in BD................I am also not able to train anyone at the moment. I am too costly for that. I would take big amounts if I ever train TA to ppl face to face/physically.........LOL............Joking...........
Optimizer started to train on software. I am not sure his present standing. You can contact with him.
TC!!!
I have 25 different strategies better than that of below one...........................The following is nothing. That is just a child play type technique.............
But strategy has huge value.Without strategy,you will be doomed to failure. Because if you know what "may" happen next(from past),you would realise/understand what your standing/action should be when things go wrong.
If you check out(taking a long time) the past of all stocks(not only in BD,but also around the world),you would see an amazing thing. And that is,all stocks in its journey have similiar patterns,patterns that repeat themselves. It is just a matter of time...........
Unfotunately,you can't detect anything!!! Because you have no clue as to how to create and detect patterns.........I won't clarify why I am saying this. But this is vital to learning and using TA............
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