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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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NOVEMBER2012 ATMASPHERE|5
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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6|ATMASPHERE NOVEMBER2012
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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NOVEMBER2012 ATMASPHERE|7
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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NOVEMBER2012 ATMASPHERE|9
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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10|ATMASPHERE NOVEMBER2012
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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NOVEMBER2012 ATMASPHERE|11
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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12|ATMASPHERE NOVEMBER2012
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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NOVEMBER2012 ATMASPHERE|13
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
8/10/2019 Atma March2013
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14|ATMASPHERE NOVEMBER2012
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8/10/2019 Atma March2013
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16|ATMASPHERE NOVEMBER2012
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
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arealotofgraphsinthebookandwhilegoingthroughyouwouldnevermiss
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ADXcellence explains you everything about the indicator. What is not
covered in thisbook then?Well ifyouare looking formoneymanagement
concepts
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Some
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Inallthebookconsiststhemostsuccinctandstraightforwarddiscussionon
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beread.
And
for
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Trend
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it
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haveinyourreadinglist.
Mr. Sumeet Jain is a Senior Manager, Institutional Research Desk, Asit C
Mehta Investment Intermediates Ltd., Mumbai. You can reach him at
8/10/2019 Atma March2013
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8/10/2019 Atma March2013
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18|ATMASPHERE NOVEMBER2012
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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NOVEMBER2012 ATMASPHERE|19
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
20|ATMASPHERE NOVEMBER2012
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
AttendedBy:20Participants
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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NOVEMBER2012 ATMASPHERE|21
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
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22|ATMASPHERE NOVEMBER2012
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.
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ATMAWEBINAR
SERIES
1
Date:11thFebruary,2013
AttendedBy:30Participants
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
Date:18thFebruary,2013
AttendedBy:25Participants
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
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ATMAWEBINARSERIES3
Date:25thFebruary,2013
AttendedBy:25Participants
Topicofstudy:JisekiTrading&RiskManagement
Indices
Presentedby Mr.MukulPal,FounderofOrpheusCapitalsisaCMT,
MBAFinance.Anactivetrainerandspeaker,hehasconducted
trainingprogramsforThomsonReuters,OilandGasForumRomania,
BombayStockExchangeandCanadianSocietyofTechnicalAnalysts.
Focusof
the
Webinar:
JisekiTrading astatisticalapproachtoshorttermtrading.
CreatingOrpheusRiskManagementIndices,developedby
OrpheusCapitals.
TheORMI
Index
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8/10/2019 Atma March2013
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26|ATMASPHERE NOVEMBER2012
BenefitsofMembershipwiththeATMA
ApplyforyourATMAMembershipToday!
8/10/2019 Atma March2013
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