Stock Market Functioning – Basics
by PRASHANT SHAH -
Dora and Company Before we discuss about Options and derivatives, it is important for the one to have knowledge of how stock market functions. You can skip this chapter if you know the basics of stock market functioning. Meet Dora. His story can help us learn about how stock market functions. He had a business ... Read more
Bibliography
by PRASHANT SHAH -
(In alphabetical order) Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sons, Inc., 2000. Carney, Scott M. Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets. FT Press; 1 ed., April 22, 2010. Covel, Michael W. The Complete TurtleTrader. HarperCollins e-books (2009). Edwards, R. and Magee, ... Read more
Elliott Wave Theory – I
by PRASHANT SHAH -
Ralph Nelson Elliott (1871 – 1948) is a creator of Elliott wave theory. Elliott wave is an established theory and a popular branch of analysis today. But there is one more side of his life which many are not aware of. He entered the accounting field in the mid-1890s and primarily worked in executive positions ... Read more
Pivot Levels
by PRASHANT SHAH -
Trading based on Pivot levels is one of the popular approaches. Both short-term and intraday traders track Pivot levels to identify support and resistance levels in any instrument. Let’s discuss how these levels are calculated. The pivot calculation method considers the previous day prices to calculate the important price reference levels for trading the next ... Read more
Central Pivot Range (CPR)
by PRASHANT SHAH -
CPR is another popular tool. Three lines are plotted on the chart when we plot CPR. The three lines are: CPR, TC and BC. Let’s understand the calculation. You may recall that I explained the calculation of Pivot levels in an earlier article. CPR stands for Central Pivot Range. It is always a center line ... Read more
Camarilla Levels
by PRASHANT SHAH -
Hope you read the earlier newsletter writeup on the pivot levels. Continuing the discussion, we look at the Camarilla levels which is another widely followed tool. Word ‘Camarilla’ is borrowed from Spanish. It translates to a group of confidential and private advisers of the King or person in authority. The Camarilla equation was first developed ... Read more
