From last December I have been studying a unique subject in psychology. Today I have completed a month studying that topic. Today I am back with my plan for 2012. Even though it was ready last December but not properly designed.
What are the special things, I am doing for this year?
In this year, I am going to complete chapter 9,10,11,13&18 of my book(TA of the FM, by Jhon.J.Murphy). Which cover moving average, Elliot wave theory and all indicators.
Along with it
I had committed to know about F&O last year itself. One of my friend have promised to get to know something about it. Even though it is not my special interest, but it is part of my expedition.
Something regarding my experience with Technical Analysis in 2011
Many people have misconception regarding TA calling it “statistics” with lots of formulas,rules etc etc.. But TA is bit unique form statistics. You can call TA as applied statistics. TA have few set of indications, which mean if a particular sequence happen then the market react in defined way. TA is nothing related to picking your calculator. It is the type of analysis which is used in stock market to understand/ predicts market scenarios. It helps us to understand market sentiments, behaviour and reaction.
“I always go red when my fellow friends say. Do technical analysis fail?”
There is nothing called as failure of technical analysis. What really fail, is your analysis. Technical analyses really say the present scenario of market. And you predict future by some trendlines, indicators, oscillator, parameters and some patterns.
Even I had a big “? Mark” in my head
I was in a state of confusion for over 6 to 7 months. Even I clearly didn’t knew about it. Day by day, 1 by 1, little by little stated knowing things what I had never knew
was not built in a day” Rome
Even I can’t have a burger in a single bite
ATMA is an association which provide an umbrella link for all those people who are having interest towards TA. It not only provides an education it provide a unique social networking where many people share there analysis (those are not money making tips, those are knowledge making tips).
“A new year with new ambition, enthusiasm, a mission heading for a change”