Atma March2013

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2|ATMASPHERE OCTOBER2012

CONTENTS

LetterfromthePresident Page3

EditorsNote Page4

UsingPointandFigureChartstoImproveYourExistingTradingApproachIIIUsingMurreyMathLinesby

AbnashSingh Page5

PointandFigureTraps:Clearrulesfordefiningtrappedbulls&bearsbyPrashantShahPage9

BookReview ADXcellenceBySumeetJainPage16

ForthcomingEvents Page18

PastEventsUpdate Page19

ATMAWebinarSeries Page23

Thisnewsletter isproducedby theAssociationofTechnicalMarketAnalysts.Allcommentsandeditorialmaterialdonotnecessarily reflect theorganization's

opinionnordoes it constituteanendorsementby theAssociationofTechnicalMarketAnalystsoranyof itsofficers,ofanyproductsor servicesmentioned.

Sources are believed to be reliable at time of publication, but not guaranteed. The Association of TechnicalMarket Analysts and its officers, assume no

responsibilityforerrorsoromissions.

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NOVEMBER2012 ATMASPHERE|3

LETTERFROMTHEPRESIDENT

DearColleagues,

Yetanotherfinancialyearcomestoacloseandthereismuchaccomplishedwithclearprospectsforyetanevenbetteryearaheadfor

us.Toreflectbriefly:yourATMAhostedtwolargemegaeventsfeaturingglobalspeakersattheBSEInternationalConventionHallwith

an illustriouspartner,theBSEBrokersForum,weshiftedtoamuchbiggerandnicerofficeforourExecutiveTeam,rightnexttothe

BSETradingHall,wecreatedtheworldsfirstELibraryonthesubjectofTechnicalAnalysis,weestablishednotonlyapanIndiareachforourmonthly chapter

meetings,butalsoformalizedtheexpansionofourpartnershipwiththeMTA,Inc.tonowincludeNepal,BangladeshandSriLankawithinourspanofwork.

We have gone onto creating a powerful deliverymechanism for high qualitywebinarswhich can accommodate up to a 1000 participants.Needless to

emphasize,thatthishighqualitymonthlypublicationcomingbyeachmonth,isawinningfeatherinourcap,aswell.

Withendlessgrowth,reachandactivitymaterializingATMAlikeanyotherprogressiveorganizationiseverreadytoabsorbgoodmindsandgoodhearts.We

are keen toexpandourBoardofTrustees,expandourvolunteer committees,and recruitmorepeople toenhanceourExecutiveTeams.Pleasedo step

forwardwithanyrecommendationsornominationsthatyoubelievewillbringvaluetoATMA.

Aprofessional isonewhocanbe reliedupon for regularwork.ATMASphereby thisyardstickhas come tobecomeaprofessionalpieceofwork.Agreat

initiative isone that isownedwidelyby itsbeneficiaries. It istimenowthatATMASphere findsa largerparticipationandthusownership.Toenhancethe

qualityofcontributionsandthequantityofcontributionsforevenbetterreadingmaterials,IamaskingtheEditortoinitiateappropriatemonthlyawardsfor

thebest

contributions.

Sincerely,

Sushil Kedia

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4|ATMASPHERE NOVEMBER2012

EDITORSNOTE

Inthis

issue

AbnashSinghintroducesustoMurreyMathLinesandexplainstheirusageonPoint&FigureCharts.

PrashantShahexplainstrappatternsinPoint&FigureChartswithillustrations.

SumeetJainreviewsADXcellencebyCharlesBSchaap.

PleaseletusknowwhatyouaredoingandallowustoshareyourapplicationofthetoolsoftechnicalanalysistothereadersofATMASpherebysendingan

emailtoeditor@atmaindia.net.YoucansubscribetoATMASpherecompletelyfreebyclickinghere.

Sincerely,

Meghana V Malkan

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USING POINT AND FIGURE CHARTS TO

IMPROVE YOUR EXISTING TRADING

APPROACH

III

USING

MURRAY

MATH

LINES

BYMR.ABNASHSINGH

Murrey math lines (MML) is a relatively new trading indicator showing

supportsand

resistances,

and

helps

in

finding

trends

and

trend

changes.

The

indicatorwasdevelopedby T.HenningMurrey andhas some similarity to

Fibonacci retracement and pivot points. MML was created based on the

observationsofGannstudiesandisasimplewaytoimplementGann.

Murreymath lines comprise 9 equidistant lineswhich run parallel to one

another.MM

lines

from

the

bottom

are

at

the

levels

0/8,

1/8,

2/8,

3/8,

4/8,

5/8,6/8,7/8and8/8.0/8 istheoversold lineand8/8theoverbought line;

thesearethehardestlinestocrossandaround75%ofthetime,thecrossing

triggerspricereversal.Therangebetween3/8and5/8isthenormaltrading

rangeandpricetendstoconsolidateatthese levelsbeforefalling (3/8 line)

or

rising

(5/8)

beyond

this

trading

range.

LikeFibonacciretracements,whenthepriceisbetweentwolines,theupper

lineisconsideredasresistanceandlowerlineisconsideredassupport.When

theprice risesabove5/8and touches6/8, ithasa tendency to reverse to

retest the 5/8 level before heading high. The same is also applicable to

downtrends;thepricetendstoreversetoretestthe3/8levelbeforeheading

down.

Caution:MurreyMathlinesareasetofsupportandresistancelinesandlike

anysuch

line

are

NOT

predictive.

Which

means

that

when

you

trade

with

these lines, there isa risk inherent in the trade,which ismitigatedby the

"likelihood" of pricemoving in the direction suggested byMurrey.Hence,

anytradingstrategybasedonMurreyMathlinesorMMLmusthaveastrong

riskmanagementorstoplossoverlaytoavoidlosingcapital

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Plotting the lines: Please check the Amibroker formulas given in the link

http://www.tradewithme.me/tradingsystemsivmurraymaths.html.

DetailedexplanationoftheOctavetheoryand logic isbeyond thescopeof

this

article.

The

chart

in

Figure

1

is

courtesy

Big

Mikes

Trading

Blog.

TradingMurrayMath(MM)lines:

SimplerulestotradeMMlinesareasfollows:

Always look for a test of a MM level and a retracement before

enteringatrade.

Bouncesfrom0/8and8/8withafollowthroughpassing1/8and7/8

linesarehighprobabilitysuccesstrades.

Price bouncing from the mid line 4/8 and rising above or falling

througharealternativetrades.Asthisisusuallythemarketpricemid

range,rangingperiodscanleadtomanyunproductivetrades.

Downsidebreakoutthatfallsbelow0/8andcrossesthebreakoutline

2/8orcrosses8/8andtheupsidebreakoutlevel+2/8areadditional

tradingpoints.

PointandFigureapplication:

Forthe

purpose

of

trading,

the

0,1,4,7,8

/8

and

+2/8

and

2/8

levels

are

the

appropriatelinestoplot.

The inherentnoisecancellationandthe inbuiltretracementbasedbreakout

logic of point and figure method enables MM lines trading to be done

conveniently.Seethechartsinfigures2and3.

Figure2showsaconventionalbarchartforNiftyFutures,where2tradesare

eithermissedor are faulty.By theirverynature thatPointandFigurebuy

andsellsignalsaregeneratedasdoubletopsordoublebottomsthatinclude

a

retracement

before

the

buy

or

sell

signal

is

generated,

the

signals

generatedcomplywiththeMMlinestradinglogicverywell,whichishelped

withthenoisecancellationfeatureofPnF.

SeeFigure3fortradesasseenonPointandFigurecharts.Noticehowthe

signalsaregeneratedwithoutanyambiguity.

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Abnashisaseasonedindustryprofessionalwithover30

yearsof

experience

in

the

IT

industry

working

in

various

leadership roles in reputed organizations. He has a

backgroundofbothIIMandIITandaftercompletinghis

last work stint, grew his interest in trading to a full

fledged business with his online presence

throughwww.TradeWithMe.Me. His focus is on trading and educating

othersinthestockmarkets.

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P&FTRAPS:CLEARRULESFORDEFINING

TRAPPEDBULLS&BEARS

BYMR.

PRASHANT

SHAH

IwroteonNiftyandPointandFigureCatapultpattern inNovembermonth

newsletter and explained that one can find them more affordable and

tradable in high low P&F charts than close only charts due to horizontal

natureofthepattern.

IamdiscussingP&FTrappatterninthisedition.WeoftenusethewordsBull

traps and Bear traps in conventional charting patterns.We usuallymean

patternfailuresorfalsebreakoutswhenwesaythat.

PatternExplanation:

PointandFigureTrapsare4columnpatternsthatareveryclearandsimple

tounderstand.ExampleofBulltrapandBeartrapP&Fpatternareshownin

Figure1 and 2 respectively. In simplewords,Bull Trap is apatternwhere

DoubleBottom sell signal is generated immediately afterDouble Topbuy.

And Bear Trap is a pattern where Double Top buy signal is generated

immediatelyafterDoubleBottomsell.

Figure1:BullTrap Figure2:BearTrap

ForthosewhoarenewtoP&Fcharting,DoubleTopbuysignal isgenerated

whencurrentcolumnofXrisesabovethetopofpreviouscolumnofX.And

DoubleBottom sell signal is generatedwhen current columnof Obreaks

belowthepreviousdowncolumnofO.

Bull Trap is a bearish reversal pattern and Bear Trap is a bullish reversal

pattern. Immediate reversal signal is importantandhence it isa4 column

pattern. 6 column patterns are variation of Trap pattern and should be

treatedquietdifferently.

Examplesof

Pattern

occurrence:

Figure3showsexampleofBearTraps in1%boxvaluechartofNiftyclosing

pricesalongwithsubjectivetrend lines.BullTrapsareshown inFigure4of

same chart of Nifty. Observe the trading opportunities and piece of

information itcanprovide insubjectiveanalysis.Subjective linesaredrawn

toobservethepatternsinuptrendinganddowntrendingprices.

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Figure3:BearTrapsshownin1%x3BoxNiftyPointandFigureChart

Figure4:BullTrapsshownin1%x3BoxNiftyPointandFigureChart

Itis

difficult

to

define

Traps

such

clearly

in

any

other

charting

method.

P&F

Trappatternprovideinformationimmediatelythattradershavegotstuckin

recentbreakout.

LogicofformationComparisonwithCandlestickcharts:

It is important to understand the formation in other charts when Trap

pattern has occurred in P&F chart. The width of the bar or candlestick

patterndependsonchosenboxvalueinP&Fchart.

HavealookatFigure4.P&FandCandlestickchartsareplottedforthesame

timeperiod.P&FchartofNifty isof0.25%boxvalue.Thereare2beartrap

patternsthathaveoccurredduringOctoberNovember2012.Observethe

candlestick chart of same period. Situation of Trap can also be seen in

candlestickchartbuteasytoobserveinP&Fchart.

It

is

also

interesting

to

know

that

Bear

traps

in

uptrend

form

mini

bottoms

and soverticalcountscanbe taken from suchpatternbreakouts.Thatcan

helptradersforpricedirectionandtarget.

P&F chartplotted in Figure 5 isHigh Low chartofbox value 10. TwoBull

Trapshaveoccurred in JanFeb2013 inP&F chart.Observewidthof the

pattern incandlestickchartcomparedtoFigure4dueto lowerboxvalue in

P&F chart. Knowledge of Traps in P&F while trading even short term

candlestickpatterns

can

help.

These

chart

comparisons

can

help

one

in

understandingthelogicofformationofTrapsinP&Fcharts.

IhaveseenTrappatternsinverylowboxsizesofP&Fchartswhenshooting

starorengulfingpatternhaveappearedincandlestickchart.Sometimeprice

patterns that are not easily found in bar or candle charts can easilybeen

observedinP&Fobjectiveformations.

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Figure5:

Nifty

Daily

candlestick

chart

and

0.25%

x3Point

and

Figure

Chart

Figure6:NiftyDailycandlestickchartand10x3HighLowPointandFigure

Chart

TradingTraps:

Trapalonecanalsobetradedbut it is importanttocheckmagnitudeofthe

pattern

to

check

affordability.

Figure

7

shows

Wide

and

narrow

trap

formations.

TrapStop losswillnotbeaffordable ifpatternbreakoutcolumn isrelatively

longer.Thereisnopointintakingatradeifexitispracticallynotaffordable.

PatternAshown intheFigure7 isaBullTrappatternwithrelatively longer

columns at breakout. If stop loss is kept when pattern is negated than

practically this is not the affordable opportunity. These are wide traps.

PatternB

is

arelatively

narrow

and

easily

tradable.

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Figure7:Nifty0.25%x3P&FChart

Ibelieveaffordability isvery importantfactor intrading.Predefinedorwell

defined entry and exit scenario is very important aspect of trading in any

timeframes.Talkingabouttargetsanddirectionisaboutbusinessofgossips

anddifferentfromtrading.

Blue resistance line shown in Figure 7 is 45 degree trend line. Bull Trap

occurringat resistance is important informationandadding toaffordability

aspectoftrading.

ImportanceofFilters:

Traps can be filteredwith other tools in Point and Figure charts such as

Movingaverages,Envelopes,Bollingerbandsetc.One important featureof

P&Fis45degreetrendlinesduetoitsfixedaspectratio.

Figure 8 shows Bull Traps in 45 degree down trend and Bear Traps in 45

degreeup trendsof0.25%boxvalueofNifty. Ihaveshownverticalcounts

frombreakoutcolumns.Asmentionedbefore,BullTraps inDowntrendand

BearTrapsinuptrendcangiveustheopportunitytocountbecausetheyalso

formminitopsandbottomsrespectively.

Figure 9 showsBear traps indown trend andBull traps inuptrend in the

samechart.ItwillhelptoobservethattradingTrapsagainstthetrendisnot

advisable.PlotdifferentboxvalueP&Fchartsandtrythis. Icanassurethat

observationwillbeveryinteresting.

Figure8:

Nifty

0.25%

x3Point

and

Figure

Chart

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Figure9:Nifty0.25%x3PointandFigureChart

Trapsarereversalpatterns. BeartrapsinuptrendingmarketsandBulltraps

indown trendingmarketscanbe tradedaspullbacksystem.ABulltrap in

extendedtrend isasignofsometoppish formation inpricesandbreachof

recent45degreeinternallineafterthesameisaworryingsignforbulls.

Traps on close only charts should be preferred for trading. Series of

horizontal

columns

and

intraday

volatility

can

generate

frequent

Traps

in

Highlowcharts.Trapsonclosingbasisaremoreimportant.

P&Fanalysiscancomplementanykindofanalysisandmustproveimportant

weaponinatradersarsenal.AlltheP&FchartsIhaveusedherearedaily3

boxreversalP&Fcharts.Nexttimewillwriteonsomeinterestingformations

of1boxP&Fcharts.

PrashantShahisaCharteredMarketTechnician(CMT)

andCertifiedFinancialTechnician (CFTe)recognizedby

MTA and IFTA respectively. He is having more than 8

years of Capital Market experience and currently

workingasAssociateVicePresidentwithIIFLinPune.Youcanreachhimat

[email protected].

8/10/2019 Atma March2013

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BOOKREVIEWADXcellence

REVIEWEDBYSUMEETJAIN

Author:CharlesBSchaap

ISBN10:0977713210

AbouttheAuthor:CharlesB.Schaap,Jr.,D.O.isanorthernCalifornianative

andgrewupinthebeautifulRussianRivervalley.Thesonoftwo,smalltown

physicians,hepracticedmedicinefor15yearsbeforetransitioningtothelife

ofafulltimetraderofequitiesandfutures.HeistheauthorofADXcellence

PowerTrendStrategies(2006)and InvestwithSuccessBigProfitsforSmall

Investors (2008).Dr. Schaaphaswrittennumerous articles for trading and

investmentpublications,broadcastedmany educationalwebinars, and is a

soughtafterspeakeratinternationalconferencesontrading.

ADXwasdevelopedbyJ.WellesWilderandfirstdiscussed inhis1978book

New concepts inTechnical trading systems. Sohere is abookentirelyon

ADX. Many basic concepts on DMI and ADX can be easily found on the

internettoday.AlmostallofthechartingsoftwaresavailabletodayplotADX.

ManytrendfollowersalsouseADXasaprimarytool.

Thebigdifference isthisbookoffers istheunderstandingaboutADX.Right

fromstockselectionto itsusage intradingsystemsandspottingattractive

tradingopportunities,properentriesandexits.Allusing theADX,yes, this

bookcovers itall.Therearemanybooksavailable inthemarketthattryto

explainoverallpictureanddonotget into thedetails.That isnot thecase

here.YouwillfindeverythingthatexistsabouttheADXindicatorhere.There

arealotofgraphsinthebookandwhilegoingthroughyouwouldnevermiss

that.Nicepictorialpresentationsaboutcrossovershavebeenput.

ADXcellence explains you everything about the indicator. What is not

covered in thisbook then?Well ifyouare looking formoneymanagement

concepts

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Some

important concepts like expectancyof trading strategiesmentioned in the

bookarealsomissing.

Inallthebookconsiststhemostsuccinctandstraightforwarddiscussionon

ADX.Amustreadfortrendfollowersandwerecommendthatthisbookmust

beread.

And

for

those

who

are

into

Trend

following

systems,

it

is

amust

haveinyourreadinglist.

Mr. Sumeet Jain is a Senior Manager, Institutional Research Desk, Asit C

Mehta Investment Intermediates Ltd., Mumbai. You can reach him at

[email protected]

8/10/2019 Atma March2013

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8/10/2019 Atma March2013

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8th

ATMAPUNEMEETING

Date:6thApril,2013

Venue:MCCIATradeTower,ICCComplex

AssemblyHall,Mumbai

Timing:1.45

pm

to

5.00

pm

Speaker: Mr. Sanjay Narayan Mahajan, exATMA Pune Chapter

Head.AnexCognizantemployeeandaChemicalEngineer,he isthe

founderofSumoGains,aResearch,AdvisoryandTrainingcompany

providing training inTechnicalAnalysis.He is currentlypursuinghis

CMTcertification.

Pointsof

Study

in

Brief:

WhatisHybridAnalysis?

Why,When& forwhom the combination of Technical and

FundamentalAnalysisresearchcouldyieldoptimumresults?

FORTHCOMINGEVENTS

8/10/2019 Atma March2013

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8

th

ATMA

KOLKATA

MEETING

Date:2ndFebruary,2013

AttendedBy 16participants

HeldatMangalamBusinessCentre

TopicofstudyVolume,OpenInterest&Volatility

Presented by Mr. Vivek Joshi, Technical Research Analyst by

professionwithanexperienceofaroundeightyearsnow.APGDBM

from IMTGhaziabadandasciencegraduate,hewriteshisownblog

http://madaboutstocks.blogspot.com.

Focusof

the

Meeting:

Importanceofthevolume,openinterest&volatility

indicators

Howtoanalyzevolume,openinterest&volatility

Howdoesvolume,openinterest&volatilityhelpinbetter

analysisofMarkets.

28th

ATMA

MUMBAI

MEETING

PASTEVENTSUPDATES

Date16thFebruary,2013

AttendedBy 60Participants

HeldatAssemblyHall,St.XaviersCollege

TopicofStudyRiskmanagementtechniquesintrading

usingAverageTrueRangeandVolbands

PresentedbyMr.GnanasekarThiagarajan,Head Commtrendz

Research,acommodityresearchandadvisorycompany.Hewasamarket

makerintheG7currencies,quotingpricesconstantly.Aconsultantand

advisoryboard

member,

MCX,

he

writes

afortnightly

column

for

The

EconomicTimesblogsiteonGlobalcommoditiesandForexmarkets.He

wasrecentlyawardedTheBestMarketAnalyst,fortheCommodity

marketsbytheFMofIndia.

FocusoftheMeeting:

A

risk

management

system,

which

uses

the

Average

True

Range

and

combinesitwithotherstatisticalmodelstoidentifyfalsetrendingmoves.

AreliablemodelcalledVolatilitybandstoplaceidealstoplosspointsfor

bothintradayandpositionalmoves.

8/10/2019 Atma March2013

20/27


11th

ATMABANGLOREMEETING 9th

ATMAKOLKATTAMEETING

Date:17thFebruary,2013

AttendedBy:40Participants

Heldat:SriBhagawanMahaveerJainCollege

Topicofstudy:AnUnconventionalApproachtoTechnical

Analysis

Presentedby Mr.BharatDugar,CMTandaportfoliomanager,

heconsiders technicalanalysis tobe thekey input in the stock

selectioncriteria.Tweakingofexistingtechnicalanalysisaxioms

tomakethemmoreeffectivehasbeenhisforte.

FocusoftheMeeting:

An unconventional & fresh look at basic technical

analysis

SimpleBar

Setups

ChartPatterns

Indicators

RelationbetweenfundamentaldataofUSA&India

EconomicIndicator

Date:9thMarch2013


Heldat: ThePalladianLounge

Topicof

study:

RisewithElliotWaveandOpenDiscussionofTradingSetUps

PresentedbyDr.SanjaySinha,M.V.Sc(Micro)Goldmedalist,

PGDFM,MBA(IM).HeisaDirectorwithM/S.NarnoliaSecurities

Ltd. &exclusiveregionalpartnerofM/S.MotilalOswal

SecuritiesLtd.

Mr.SushilKedia,B.Com.GraduateCWA,PGDBM,M.Sc.(Fin

Eng),FRM,CAIA,CMT.AFounderPresidentoftheAssociationof

TechnicalMarketAnalysts,heservesontheBoardofDirectors

oftheMarketTechniciansAssociation,Inc.andisfirstAsianever

tobeelectedtothisposition.

FocusoftheMeeting:

HowtoanalyzetheTrendinalltimeframes

Usetechnicaltoolsincombinationwithfundamentaltoolsto

determinedirectionoftrend

8/10/2019 Atma March2013

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7th

ATMAPUNEMEETING 29th

ATMAMUMBAIMEETING

Date:10thMarch2013

Attendedby 20Participants

HeldatBVRaoHall,Pune

TopicofStudy CombiningFibonacci&TimeCycleswithElliot

Wave

PresentedbyVishalDalvi,B.E,MBA,CMTandacofounderat

Waves Research & Advisory Pvt. Ltd. An Affiliate memberof

Chartered Financial Analyst Institute and is a CMT Level II

candidate,VishalworkedwithInfosysTechnologiesLtd.fortwo

yearsasasoftwareengineer.Currentlyheisanactivetraderand

managesFund

at

Waves

Research

&

Advisory

Pvt

Ltd

using

varioustechnicaltools

FocusoftheMeeting:

HousingPriceIndex(HPI)

ConsumerConfidenceIndex(CCI)

ConsumerPriceIndex(CPI)

Combiningitalltogether

Date:23rdMarch2013

Attendees 43Participants

HeldatXaviersAssemblyHall

TopicofStudy: AmplifyingTechnicalsusingEconometrics

Presented by Mr. Shubham Agarwal,Head of Technical

ResearchatMotilalOswalSecuritiesLtd.ACMT,andaCFA,Heis

a regular faceofvariousmediachannels /newspapersandhis

methodologyofresearchputshiminaleagueofhisown.

FocusoftheMeeting:

Whyconventionaltechnicalpatternsandstudiesare

becomingredundant?

Understandingsocialbehaviorusingeconometricmodels

Correlationandzscoreindicator

Howtosynergizeeconometricsandtechnicalanalysisfor

greaterobjectivity

Newparadigminintermarketanalysis

8/10/2019 Atma March2013

22/27


12th

ATMABANGALOREMEETING

Date:24thMarch,2013

Heldat:SriBhagawanMahaveerJainCollege,

ConferenceHall,Bangalore

TopicofStudy StockpickingforIntradayTrades

using

Technical

Screeners

Presentedby Mr.AnuraagSabooaTechnicalAnalyst,

atTradersCockpit.comisresponsiblefordrivingtheTechnical

AnalysisSoftwareroadmapatTradersCockpit.com.APGDMfromIIM,

BangaloreandElectricalandElectronicsEngineeringfromIITChennai,

he

has

been

actively

trading

Equities

and

Commodities

on

Indian

exchangesforover6years.

FocusoftheMeeting:

FractalsandPivots

StochasticsandCandlesticks

MultiTimeFrameScanning

SuperTrendIndicatoretc.

MultiTimeFrameScanning

20th

ATMADELHIMEETING

Date:23rdMarch2013

AttendedBy65Participants

Heldat:IndiaInternationalCentre(AnnexBuilding)

LectureHall2,NewDelhi

Topicof

Study

Rule

based

Trading

Presentedby Mr.BharatChugh,founderofB.C.Consultants(BCC),

areputedandtrustedprovideroffinancialservicestoitsclients.He

hasbuiltastateoftheartinfrastructurewithworldclasstoolssuchas

AdvanceGETandMetastock.Hehasdevelopedmanyinnovative

ProductsandInvestmentstrategiesthathavestoodthetestoftime.

Focusof

the

Meeting:

Knowwhattotrade,whentotrade&howtotrade.

InvestmentderivativestrategytomaximizereturnfromtheIndia

growthstory.

8/10/2019 Atma March2013

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ATMAWEBINAR

SERIES

1



Topicofstudy:RelativeStrengthIndex

NewInsights

Presentedby Mr.VishalMalkan,founderof

MalkansviewanInstitutewhichprovidestraininginTechnical

Analysis&BehavioralFinance.ACMT,heisaproprietarytrader

acrossvariousassetclasses.Hetrains&mentorsprofessionaltraders

andisaFacultyatBSETrainingInstitute,D&BTrainingSolutions,NSE,

etc.

FocusoftheWebinar:

DivergenceisaMyth

RangeShift

Behavior

ReverseDivergence&PriceTargets

ATMAWEBINAR

SERIES

2



Topicofstudy:IchimokuKinkoHyo

Presentedby Mr.AnilPadia,Head R&DDept,KediaSharesand

StockBrokers.HeiscurrentlytrainingtheTreasuryDepartmentof

RosyBlueLtd.tomanagetheirForex(hedging&prop.desk)

operationsandisempanelledwithICICIDirecttotraintheirclientsin

DerivativesandTechnicalAnalysis.

FocusoftheWebinar:

IchimokuKinkoHyo trading system amultifunctional trading

systemthatidentifiestheTrendatitsnascentstage&filterstheNon

Trendingphaseout.

Measuring the strength of the trend & providing

Resistance/Supportlevels

where

positions

can

be

initiated

or

liquidated.

WEBINARSERIES

8/10/2019 Atma March2013

24/27


ATMAWEBINARSERIES3



Topicofstudy:JisekiTrading&RiskManagement

Indices

Presentedby Mr.MukulPal,FounderofOrpheusCapitalsisaCMT,

MBAFinance.Anactivetrainerandspeaker,hehasconducted

trainingprogramsforThomsonReuters,OilandGasForumRomania,

BombayStockExchangeandCanadianSocietyofTechnicalAnalysts.

Focusof

the

Webinar:

JisekiTrading astatisticalapproachtoshorttermtrading.

CreatingOrpheusRiskManagementIndices,developedby

OrpheusCapitals.

TheORMI

Index

8/10/2019 Atma March2013

25/27


8/10/2019 Atma March2013

26/27


BenefitsofMembershipwiththeATMA

ApplyforyourATMAMembershipToday!

8/10/2019 Atma March2013

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Documents

Atma March2013