Stocks To Keep A Close Eye On

[rajeabc]

Savant Sir,

Can this be taken as Hanging Man. A Bearish Pattern.

Theoretically you need to wait till tomorrow I think. Do You remember I asked you to check TISCO in afternoon because I saw this pattern forming up there as well.
But if you check Nifty chart (you have posted) since July you will notice that most of the time it was a gap up rally after this kind of pattern..

Will wait for Savant Sir reply...

 

[SavantGarde]

Hi Rajput,

Don't know much about Hanging Man except the spelling...anyways looking at the Last Candle....50-60% of the Lower Wick is all that price can retrace for tomorrow...and should perhaps close above the Blue wiggly on your chart....very strong support is the low of the Lower Wick.....

SavantGarde

Savant Sir,

Can this be taken as Hanging Man. A Bearish Pattern.

 

[saivenkat]

Bro price action par apne Patte dheere dheere khol rahe ho ek baar ek lambi si post mein samjha dete to mujh jaise anadiyon ka bhi bhala ho jaata

Who will translate this for me in Englease.. i mean angreyji mey.. any translators?

 

[skumar7777]

You are absolutely right. It would be more fulfilling to chase even a 1%-2% return consistently (phew, that still sounds like a lot) rather than a 10% return once in a while until you get to a level of experience like SGji.

I believe you are referring to a screenshot he posted where the quantity was 125 and if I am not wrong, it refers to the number of shares per Futures Lot, not the number of lots (SG - please correct if not).

Thats what I'm trying to say. Few days back I saw he sold something like 150 SBI lots in the screenshot he gave.(I'll leave the calculations to you) Now if I go running after 80k with my not so great experience, Im sure one wrong trade will wipe out my account.

Again as I said earlier, I dont expect myself to execute those kind of accurate calls....even if he gives me a "how to" book on his trading style. Till the time I don't experience the market movements myself, I'm not going after even 20k.

 

[DanPickUp]

Hi adiselur

Read this again and again. You will see the mix which I meant and which I use. There are more informations I can use, but this is a basic look about what is used. I never talk about that, that I only use TA. TA is a very important part in my way of decision making. It is a part under other parts.

http://www.traderji.com/equities/10035-stocks-keep-close-eye-1510.html#post494672

That some people are idiots is clear. People which use only charts are no idiots. They only have to understand what they read on the chart.

If you have more information, implement them in your system and do not make it to complicate.

SG has a specific way of looking at certain information like bid ask, OHLC, average traded price, buy price, sell price, last quantity and so on. It is his way of decision making and if you like to use also charts in your decision making, do it, as I do and many, many successful traders all over the world.

There is no better or worse. There is only : Understand your informations you have and use them the right way.

Calling other people idiots, which are real TA traders, is not the way traders do. But I can tell you, that my mentor had the same stupid ideas about other trading styles than his one. It seems to be a behavior of a certain kind of traders.

Each one has his trading style, as mentioned by goofy and other ones here in the last few post.

Use, what is good from SG and put in your own ideas from the chart you have. As SG has many years of experience with his way of decision making, you may use some time to find your own way.

Do not believe, that SG way of trading is the only one on earth ! He is may the only one, which gives you ideas when to enter and when to leave the trade. So, that is why he is to respect. His trading style is his one of a kind and if you want to add some more on that, DO IT.

Take care

DanPickUp

 

[absolute.zero]

Hi Anil,

Will reply later after updating EOD...need to look at the chart for this....

10 Lots.... You went out to rob the bank or what....

SavantGarde

Savant Sir,

No intentions to rob the bank, but entirely it was my fault. I admit it. Despiting knowing some basic rules to trade learnt through great traders like you, yesterday I did a big mistake and bought one PA of Tatasteel when I saw price climbing up. I was in a view to exit with a little profit as I assessed some correction, but it didn't correct and went up and up. Thereafter, I started averaging trying some ways to exit with no profit - no loss but trapped and ended up with 9 more lots with losses mounted up pretty high. So, I decided to carry forward. But, that also proved WRONG, as losses went bigger today.

Such a situation is keeping me worried and stressed and now I want to get rid off that, with a hope that i may re-enter some other trade to recover some losses. But, very much confused what to do. Thats why asking views. I am biased and unable to decide at my own.

Thanks

- Anil

 

[SavantGarde]

It means... I am revealing it in drops... and suggestion from PT is that why not make one single post with everything concerning PA

SavantGarde

Who will translate this for me in Englease.. i mean angreyji mey.. any translators?

 

[saivenkat]

Savant sir is trading from 2004 till now. So how can we get the moral out of his bid ask trading method in a single day of observation. It is peer understanding of the movement of the Market Shares. It comes with time, and there is no logic behind it. Cause somethings, movements, actions, reactions, after this much time of trading burries deep inside one in such a way that they come out naturally without applying mind. What we say robotic or mechanical trading. So time and experience is what is needed.

Rajputz bro.. Today is the day we comrades has started to take our first step in learning price action of SG bro's concept.
So, i must say the " Initial interest" that sticks to every man, when a new initiative is started, is what found today..So that could be the reason for tons of queries, based on price action today..

As days pass on.. we could see many people here will lose steam in it... and interest will fade away.. only handful of us will go on to the next stage..( in your words) next stage of beta testing..

Lets see who will withstand the endurance test..:thumb:

Saivenkat

 

[skumar7777]

It means that Praveenji is eager to get his hands on the stock market Kamadhenu and he is asking SG whether he will reveal his secrets in installments or in a single long post. He feels that it will be better for illiterates (his words, not mine, can also be translated as idiots :lol like him if it is in one post.

:lol:

Added later - Praveenji, all in jest.

Who will translate this for me in Englease.. i mean angreyji mey.. any translators?

 

[SavantGarde]

Hi SK,

You are correct it is 1 Lot of SBIN not 150 lots of SBIN as indicated YLS...

SavantGarde

You are absolutely right. It would be more fulfilling to chase even a 1%-2% return consistently (phew, that still sounds like a lot) rather than a 10% return once in a while until you get to a level of experience like SGji.

I believe you are referring to a screenshot he posted where the quantity was 125 and if I am not wrong, it refers to the number of shares per Futures Lot, not the number of lots (SG - please correct if not).