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Guys, just thought of sharing something useful. To earn 10% or more in a month with 90% probability.
This is one of my own tools. May be this is a well known technique and I am reinventing the wheel; or may be not. If someone knows a better way pls share.
Please note: if you want to use it do your own study first. Nothing will be 100% guaranteed to work.
Why I want to use my own methods:
There are hundreds of tools and techniques intended for profits in stock markets. But what I have experienced is most of them do not work in CSE.
Why?
I am not sure. May be liquidity of CSE counters are not enough. Or may be our market size is not big enough. Or may our shares are not driven by any fundamental reason.
Whatever the reason, standard methods did not work for me so.... what else to do.
I would call this technique 'Attacking the rear end'.
You must have seen (in Discovery channel) lions hunting buffalo herds. They (lions) never attack the front of the herd (sure way to get stabbed). They follow the herd and attack the slowest and isolated buffalo.
That's how I got the name.
For this technique, I prefer to use the tool 'Standard error channel' but, there was a problem. It was not user friendly in DirectFN. So I use a substitute; 'Bollinger bands'
For Bollinger bands, the parameters I used: time periods-40, Method-Simple, Deviations-1.25
ok. This is how I use it for;
Down trending (Low liquidity) shares.
===========================
Use the said Bollinger bands for 6 months daily chart. Observe the trend in general. Observe the gap between the middle and the lower bollinger band lines (1.25 deviation). Check if the price drops to around 1~1.25 deviations from the 'lower band'. If so, buy!
The sell target will be in between the lower band and the middle.
An example is given below; hope it is self explanatory.
https://i.servimg.com/u/f47/16/67/25/58/tpl10.jpg
This is how I use it for;
Sideway trending (Low liquidity) shares.
============================
Try to buy near the lower band. The selling target will be between the middle and the upper band.
An example is given below.
https://i.servimg.com/u/f47/16/67/25/58/lioc10.jpg
I have used the above with a reliable level of 80~90%
If the share is high liquidity, this can be improved further.
Hope I was able to do a little eye opening.
Remember two things:
1. This is to be used in a downtrend.
2. I am still a Simple Swing Trader.
This is one of my own tools. May be this is a well known technique and I am reinventing the wheel; or may be not. If someone knows a better way pls share.
Please note: if you want to use it do your own study first. Nothing will be 100% guaranteed to work.
Why I want to use my own methods:
There are hundreds of tools and techniques intended for profits in stock markets. But what I have experienced is most of them do not work in CSE.
Why?
I am not sure. May be liquidity of CSE counters are not enough. Or may be our market size is not big enough. Or may our shares are not driven by any fundamental reason.
Whatever the reason, standard methods did not work for me so.... what else to do.
I would call this technique 'Attacking the rear end'.
You must have seen (in Discovery channel) lions hunting buffalo herds. They (lions) never attack the front of the herd (sure way to get stabbed). They follow the herd and attack the slowest and isolated buffalo.
That's how I got the name.
For this technique, I prefer to use the tool 'Standard error channel' but, there was a problem. It was not user friendly in DirectFN. So I use a substitute; 'Bollinger bands'
For Bollinger bands, the parameters I used: time periods-40, Method-Simple, Deviations-1.25
ok. This is how I use it for;
Down trending (Low liquidity) shares.
===========================
Use the said Bollinger bands for 6 months daily chart. Observe the trend in general. Observe the gap between the middle and the lower bollinger band lines (1.25 deviation). Check if the price drops to around 1~1.25 deviations from the 'lower band'. If so, buy!
The sell target will be in between the lower band and the middle.
An example is given below; hope it is self explanatory.
https://i.servimg.com/u/f47/16/67/25/58/tpl10.jpg
This is how I use it for;
Sideway trending (Low liquidity) shares.
============================
Try to buy near the lower band. The selling target will be between the middle and the upper band.
An example is given below.
https://i.servimg.com/u/f47/16/67/25/58/lioc10.jpg
I have used the above with a reliable level of 80~90%
If the share is high liquidity, this can be improved further.
Hope I was able to do a little eye opening.
Remember two things:
1. This is to be used in a downtrend.
2. I am still a Simple Swing Trader.
