New Intermed Uptrend!!

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coljaspal said:
Hi VAggarwal,
I'm not an expert on mutual funds, but have been investing/dealing with some of them since ten odd years, and might be able to help if there you have any specific queries. I did answer one, something very basic on dividends etc, this morning on the MF forum
Hi Colonel,

Great going..........thanks!!And thank you for those kind words as well.......sincerely appreciated!! :)

Saint
 
saint said:
CONTINUATION PATTERNS

SYMMETRICAL TRIANGLE

-usually this one is a pause in the trend,before resuming the prior trend before the formation of the triangle.
-So,therefore,if the previous trend is up,expect a breakout and resumption of the uptrend.
-the average duration is about few months looking at daily charts.
-If the peaks are connected,we'll get a down sloping line.Connect the troughs,and we'll get an upsloping line.
-The point where these 2 lines could possibly meet is called the apex.
-When we see a symmetrical triangle,we are looking for the contination of the previous trend.Say the previous trend was an uptrend,we expect a breakout.
-When the close of that bar /candle is over the downsloping line connecting all the peaks,we say that a breakout has taken place.
-In a symmetrical triangle,we expect the breakout somehere between the half way to the threequarter point from the apex.
-If prices keep remaining within that triangle even after the threequarter point,that breakout may happen,but now a less powerful pattern.
-Once prices breakout,we could have a pullback ....this upper line that connected all the peaks and was resistance.........now becomes support.
-As in most patterns,volume decreases within the symmetrical triangle.
-On penetration of the upper line,expect a pick up in volume.

Trading :First draw the upper lines.Then the lower lines.If a breakout happens when it should,measure the height of the highest point in the triangle ,annd drop aline to the bottom line of the triangle........Let's call this "x".Now add "x" to the breakout area,...........this is our initial target after which we trail stop upwards.Buy the breakout and add on pullback,and then sit back and enjoy the ride.

Interesting point: Quite a few times,the bullish symmetrical triangle breaks down,just prior to resuming an uptrend..........usually occurs very close to the apex.
-characeterised by a 2-3 days of breakdown on high volume before sharply turning higher and resuming the uptrend.
-So,if we get prices moving near the apex of a bullish triangle,and then a big jump in volume on a breakdown,it's a warning of a shakeout bar/candle.
Thank u Saint..........the only problem is if you had just joined,all those other teachings that you may have posted earlier.....is like looking for a needle in the haystack!Wish there was some other way.......

Dhanya
 

karthikmarar

Well-Known Member
Saint

That's a double..Hundred pages and 1000 posts. Actually I wanted to post the 1000th post on the 100th page....Danya has beaten me on the 1000th post.....Had to go out for a meeting....Congrats..my friend.

regards

karthik
 
Hello Saint!

Congrats 100 pages and 1000 posts.....
Thank you for all the Support and Education you are giving us.
You have Been a constant source of inspiration in this world of trading....
Happy to be a part of such a wonderful forum.....

best wishes

Regards

Roneeth
 
roneeth said:
Hello Saint!

Congrats 100 pages and 1000 posts.....
Thank you for all the Support and Education you are giving us.
You have Been a constant source of inspiration in this world of trading....
Happy to be a part of such a wonderful forum.....

best wishes

Regards

Roneeth
Congrats Saint .....
On 100 Pages ,,, 1000 posts ,, will see 200 pages soon , on the this noble thread .
Vinsu
 
vinsu said:
Saint, AmitBe, Ravi, Supra, Creameee and others ,,

What stuff you guys are made of ??? Ask , Ask, Ask ...Respected Saint's quote above ...Always ready to help others, always there to explain , explain , explain again and again , give wonderful suggestions on scrips , educate others on technicals , spend your own time to analyse scrips - for others , answering never-ending and often repetitive queries and so on ......i can keep adding your contributions to this forum ...
But why such selfless service ?
Maybe bcos you are Indians ? Maybe you get some satisfaction by helping others ?
Please educate me , enlighten me with your thoughts and mindset that is behind this service ...
Maybe i have missed a lot being out of India for 8 years , but this forum and the service rendered by you guys has touched me a lot .

Emotionally moved NRI
Vinsu
Dear Vinsu,

I would like to answer your query through one of my earlier post, just repeating here again.

I hope the idea given below is the prime reason for me to share knowledge in form of articles & posts.

"It is impossible to imagine a contemporary American who has demonstrated anything remotely resembling the breadth of interests of Benjamin Franklin. He was a central participant in the drafting of both the Declaration of Independence and the Constitution, and a signer of both. He not only established a fire company and an insurance company, but a library, an academy and college, a hospital, and a learned society, all the while running a successful printing business at which he made his living.

Like many entrepreneurs, Franklin was also an inventor, creating among other devices the lightning rod and the Franklin stove. He made no attempt to patent the lightning rod for his own profit, and declined the offer by the Governor of the Commonwealth for a patent on his Franklin stove. That "Pennsylvania fireplace" that he invented in 1744 to economize on fuel and improve the efficiency of home heating was designed to benefit the public at large. For Franklin believed that, "knowledge was not the personal property of its discoverer, but the common property of all. As we enjoy great advantages from the inventions of others," he wrote, "we should be glad of an opportunity to serve others by any invention of ours, and this we should do freely and generously."


Many contributors in this forum has the same reason for their contribution as per my belief.

cheers,
nkpanjiyar
 
nkpanjiyar said:
Dear Vinsu,

I would like to answer your query through one of my earlier post, just repeating here again.

I hope the idea given below is the prime reason for me to share knowledge in form of articles & posts.

"It is impossible to imagine a contemporary American who has demonstrated anything remotely resembling the breadth of interests of Benjamin Franklin. He was a central participant in the drafting of both the Declaration of Independence and the Constitution, and a signer of both. He not only established a fire company and an insurance company, but a library, an academy and college, a hospital, and a learned society, all the while running a successful printing business at which he made his living.

Like many entrepreneurs, Franklin was also an inventor, creating among other devices the lightning rod and the Franklin stove. He made no attempt to patent the lightning rod for his own profit, and declined the offer by the Governor of the Commonwealth for a patent on his Franklin stove. That "Pennsylvania fireplace" that he invented in 1744 to economize on fuel and improve the efficiency of home heating was designed to benefit the public at large. For Franklin believed that, "knowledge was not the personal property of its discoverer, but the common property of all. As we enjoy great advantages from the inventions of others," he wrote, "we should be glad of an opportunity to serve others by any invention of ours, and this we should do freely and generously."


Many contributors in this forum has the same reason for their contribution as per my belief.

cheers,
nkpanjiyar
Dear nkpanjiyar,,,

Your post above and this forum at large ,will help me to make myself a better person for the world ...Teaching me a great leason of life .
regards
Vinsu
 
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