Anand

I think what u wanted to ask was ..how to identify market trends rather than markets..which are Bullish , bearish and sideways in the time frame you choose to analyse...a bear trend can be a phase in the bullish scenario of a higher degree.

Oscillators like RSI can help us show the bearish and bullish phase of the market and help determining the target aswell. There are many ways to find a trend the simplest being the higher hi higher lows and lower hi and lower lows and many other complex ways

Some ways of trend determination are like a Golden cross , price above the 200 ma , elliot followers have there own ways , dow follower there own and there are somany others. So many people talk about bull markets and bear markets...if you get a short trade (based on the system you follow) in a "Bull Market" will you not take it ?...i think these terms are for investors , for traders they have to take care of many things because if you take a long and place sl below the 200 day MA or wait for moving average crossover then God save you

There is a chinese saying

"A beggar lives meal to meal. A peasant lives day to day. A farmer lives season to season. A nobleman lives year to year. A king lives 10 years at a time, and an emperor lives a century at a time."

You choose what you are as for me i am mostly a beggar sometimes a peasant (a happy little world of an intraday and swing trader).

Hi Abhishek,

There are hundred's of indicators, although it's desirable to know the functionality and utility of all of them but this approach is not practical.

Even the most successful traders in the world have their favorite set of indicators which help them to churn consistent profits 85-90 % of time. The trick is not to know when to use an indicator but how to use it.

All the indicators can broadly be classified under momentum, volume, breath, derivative or mix of either of these. You can choose 1 or at best 2 indicators from each category try to understand how they are calculated? How do they work under different market conditions?

The trick is to understand the character of an indicator you wish to use and if needed modify it's parameters to suit your trading style. This requires extensive research and hard work but it's worth it.

As it's said "Be Jack of all tools but master of some".

I would highly recommend you "Technical Analysis for Trading Professionals" by Constance Brown.

And before you do any of that it's better you spend time with yourself and understand your own character, do your own self assessment and design a trading plan with which you are comfortable with and then choose tools to execute that plan.

Regards,

Manish

Well i find these ways to analyse market trends very lagging. By the time it is figured out, lot of time passes by. In that case i dont think we need to use lots of indicators anymore, one or 2 can do the trick by themselves. Dont see any need to use so many of them & using different ones in different conditions, will only lead to more confusion, more inaction & less efficient trading.

Gunjan

Can you tell me how to calculate targets using RSI?? Would really love to know & learn that.

Regards
Anand Sancheti