New Intermed Uptrend!!

[shrinivas]

Great attitude,Ganesh.........there is nothing to add to all that you said.The only thing from my side is a quote from a Japanese Proverb that I saw somewhere that I keep next to my Computer...

"FALL SEVEN TIMES,STAND UP EIGHT."

We have all been through these horrible falls,looking fwd to you making it all back and much more.

Wishing you all the very best in all your endeavours in Life.

All the best!
Saint

Thanks a lot saint.....nice to see your replies....Hmmmm..eight is unlucky for me, i've lost thrice, so hope fourth time, I get up to win the war....4 is all the way lucky for me...he he he ...ho ho ho ...

ganeshhity

 

[rahshil]

Hi Guys I am new member. We have seen one of the biggest swings in Indian Stock Market History. My perception is that there is still volatility left. Watch out for more action next week

 

[ragh_ash]

hi Saint,
this is just part of my learning process.
and whenever i am stuck i turn to my friends on this forum.
attached are 2 charts
1) sesa goa(daily): around the period u have explained all abt trading (enteries and SL). This is my best text book. i read it to understand any of my daily chart and then try to apply. Hope u haven't forgotten that post of ur's.
2) Nifty(daily):latest.
my query is that does u r chart also show same pivots. if not where does it differ.
actually this program is not orginal. i have used it to modify to match the sesgoa chart and am presently using it for study
also as u can see my chart does not show any buy signal now.
regards

 

[Saint]

Thanks a lot saint.....nice to see your replies....Hmmmm..eight is unlucky for me, i've lost thrice, so hope fourth time, I get up to win the war....4 is all the way lucky for me...he he he ...ho ho ho ...

ganeshhity

..........all the best,my friend.

Saint

 

[Saint]

hi Saint,
this is just part of my learning process.
and whenever i am stuck i turn to my friends on this forum.
attached are 2 charts
1) sesa goa(daily): around the period u have explained all abt trading (enteries and SL). This is my best text book. i read it to understand any of my daily chart and then try to apply. Hope u haven't forgotten that post of ur's.
2) Nifty(daily):latest.
my query is that does u r chart also show same pivots. if not where does it differ.
actually this program is not orginal. i have used it to modify to match the sesgoa chart and am presently using it for study
also as u can see my chart does not show any buy signal now.
regards

Hi Ragh_Ash,

The pivots seen are what is obvious to the human eye........I have basically been using just simple charts,TA,and money management rules to trade the markets.I respect the others who use trading systems ,programs,etc,but I personally have had no use with them.......so I would not be able to answer the question.

If the question is program related,please do put fwd the question to Murthy or Joy(Joy_Mitali),they are great minds and have a knack for softawre related stuff as well,am sure they'd be of great help to you.

But,for study,let us just have a look at SESA GOA after all these months..........As we are intermediate traders,we look at the weekly charts,and fine tune an entry off the daily(or hourly) charts.Looking at the weekly,we have a Wide Range Bar on comparatively increased volumes in the first week of July after a nice pullback on the weekly........indicating that SESA GOA was ready to resume its intermediate uptrend.

Not only do we have a WRB(short form for wide range bar),it managed to propel over the 13ema[this is the period ema that I use,up to you which one you are more comfortable with]...another bullish indicator.

This move up continues till the week ending Sept 23rd,in the process taking out the previous highs to form new highs.Then,it's consolidation time forming an ascending triangle till March 2006.An ascending triangle formation,we expect a breakout.

We get that breakout,form another pivot low in the 3rd week of April,and form a new high in the 2nd week of May.May 22nd ,and it breaks the pivot low set in April.............which means that this intermediate long trade is over.

Shall discuss on NIFTY a bit later..........

Happy Trading!
Saint

 

[ragh_ash]

Hi Ragh_Ash,

The pivots seen are what is obvious to the human eye........I have basically been using just simple charts,TA,and money management rules to trade the markets.I respect the others who use trading systems ,programs,etc,but I personally have had no use with them.......so I would not be able to answer the question.

If the question is program related,please do put fwd the question to Murthy or Joy(Joy_Mitali),they are great minds and have a knack for softawre related stuff as well,am sure they'd be of great help to you.

But,for study,let us just have a look at SESA GOA after all these months..........As we are intermediate traders,we look at the weekly charts,and fine tune an entry off the daily(or hourly) charts.Looking at the weekly,we have a Wide Range Bar on comparatively increased volumes in the first week of July after a nice pullback on the weekly........indicating that SESA GOA was ready to resume its intermediate uptrend.

Not only do we have a WRB(short form for wide range bar),it managed to propel over the 13ema[this is the period ema that I use,up to you which one you are more comfortable with]...another bullish indicator.

This move up continues till the week ending Sept 23rd,in the process taking out the previous highs to form new highs.Then,it's consolidation time forming an ascending triangle till March 2006.An ascending triangle formation,we expect a breakout.

We get that breakout,form another pivot low in the 3rd week of April,and form a new high in the 2nd week of May.May 22nd ,and it breaks the pivot low set in April.............which means that this intermediate long trade is over.

Shall discuss on NIFTY a bit later..........

Happy Trading!
Saint

hi saint
thnx a million for reply
my query was not as much to software part as to whether i am understanding pivots correctly.
i print all your other explainations to read and re read . these have become a immense source of knowledge to me
thanks once again

 

[misty]

hi saint i was lookinjg through the charts of astramicrowave products.for last few sessions it is making higher pivot lows.although i m not sure of highs.even the macd line is in + territory .even the 20 day ema is above 50 day ema which i think is a sign of strength.wat r ur views on these aspects and the additional aspects i shud be looking into

 

[misty]

kpit seems to be another chart which seems to make higher pivot highs and lows ur comments pleasee

 

[nilesh78]

Hi saint,
Where are you ?
I have learnt alot from your posts.
Even if market is down we would like to see you in action.
With Love,
NSP

 

[satish_goteti]

Haah. On more of Saint's thread. I have a years worth of reading material..

Great effort Saint...

Satish