Teach A Man To Fish And.........

[blest]

i must say am really impressed with what am already seeing here.just wanted to say hi and go back to read every post to meet up.thanks

 

[djsinha]

Dear Saint. I have just started learning abt stock market this year 2007. I feel really fortunate to visit this site . For the past 20 days i am going through your posts and always felt really happy abt the way you were helping out forum members.Infact i am bit embarrased because even though i could not understand it so cleary unlike other board members who seems to have got a hunch of it..

I could not understand how to find the trend because it seems complex coz of following..once if you clarify these points i think i can understand a bit more

1. first of all where do we get to see weekly charts ? (i am sorry if this is a insane question but i really dont know ...moneycontrol has some charts but its not easy to analyse)
2. suppose i want to invest in some XYZ scrip ..is there any time frame for this scrip after which this becomes tradable..for eg a newly listed scrip will not give us much idea due to unavailabilty of data
3.how many weeks should i consider?


extremely sorry for these kind of doubts
but this is what i am
really a novice..could nt even ask better doubts

U need a professional software like Amibroker or metastock. I've used both. I found amibroker in more userfriendly and easy to use and learn. U can download amibroker from www.4shared.com. For uploading EOD data to amibroker refer to the software section.

No such thing as timeframe after which a stock will become tradable. See two weeks data or in other words, see the weekly chart after two weeks. You'll see two candles. You see the second high and low is higher than the previous high and low - that's it. Analyse the daily and get in. Nothing nore than that.

 

[funnyfriendbilu]

Thanks alot....

 

[ukit]

Hello GD

I am not qualified to answer your query. Just adding my 2 cents . .

Your question reflects similar dilema I was facing, perhaps all of us newbies will have to face, till such time we have not finally setteled down with a choice of time frame for our trades.

In this method given out by SAINT for trend following, we are refering to 2 time frames. A higher TF for the broader picture and a smaller one for entries and exits.

In your case if you are trading on the Daily Time Frame using EoD charts, your exit will be on a break of Pivot Low on that time frame, weekly TF is for trend guidance, so you will be looking again for a Long entry if weekly is still in an uptrend.

I trade this method for Intraday. In my case was struggling with 1 minute / 5 minute choice with a similar thought process, finally seclected the 5 minutes with 30 mins for an anchor chart for trend guidance.



It makes perfect sense to me, or maybe I am also equally confused

Do keep posting regularly, maybe with your charts, it will helps us all to exchange views and get feedback from SAINT

Thanks
nb

Hi

Saint or NB

For an Intraday If we use 30 mins or 60 mins Chart for trend guidance/direction what should be the time period of such a chart we will be looking at .I mean should it be 60 mins charts of few days from today or few weeks from today

Thanks
Ukit

 

[pappilon]

Hello Friends,

As the famous Chinese Proverb goes,"Give a man a fish,you feed him for a day.Teach a man to fish,and you feed him for a lifetime."

This thread is a result of multiple emails from fellow members with a desire to learn how to trade,rather than to just take the calls here and there.This thread may not catch the interest of many,as the "many" are always interested in the 'fish' rather than learning how to.But this thread is intended for the few........the few that want to learn,or at least make a beginning to learn how to trade,the few that do not wish to bow to any other individual or organiztion as authority when it comes to decision making but instead wish to come to these decisions by himself/herself.

This thread will be of no help to those who make trading decisions based on the fundamentals.This thread will be of no help to the many that wish to know what this company did or wat was the news when a stock broke out.This thread will be of no use to a few members here,all brilliant traders,all great minds--Amit,Jaideep,Ajay,Vinay(JoyVerma),Joy_Mitali,Vince,Karthik,Ivan among others for there is nothing new that this thread has to offer to them,that they do not already know and are implementing day after day,trade after trade.

This thread is for the newcomer to charts and who has that desire to learn.It is for the student of the market by a student of the market.I am no master,no teacher,no expert,all words that I abhor........this thread is to my friends who want to learn,from a friend who is just sharing what little he knows.

All the best!
Saint

excellent start ! impressive !

 

[jugal.verma]

'Imagine we have Area A.Rally starts from Area A which is followed by a decline to an area that is higher than Area A.We call this new area where the stock has declined to as Area B.So on so forth..Therefore Area B is higher than Area A,Area C is higher than Area B,so on so forth.We have therefore what is called an uptrend.These areas are pivotal areas where the stock stops its decline and rallies upwards.We refer to these turning points as pivots. '

I am not sure that I was able to grasp it. May I request you to depit this by a graph or an image?

Thanks and regards,
Jugal

 

[jugal.verma]

'Imagine we have Area A.Rally starts from Area A which is followed by a decline to an area that is higher than Area A.We call this new area where the stock has declined to as Area B.So on so forth..Therefore Area B is higher than Area A,Area C is higher than Area B,so on so forth.We have therefore what is called an uptrend.These areas are pivotal areas where the stock stops its decline and rallies upwards.We refer to these turning points as pivots. '

I am not sure that I was able to grasp it. May I request you to depit this by a graph or an image?

Thanks and regards,
Jugal

 

[aijaz159]

excellent start ! impressive !

Hi saint, Im a beginner, a learner, well said this is a place for people who want to learn, experts and pros should help n guide us.
Saint I have a small question, im following this pattern before buying any stock. I get a call from any where, i check its PE/EPS Annual turnover/profit for last 5 years. if all the above are strong and good then i buy the stock, should i look further before placing an order. your reply shall be appreciated. thanks.
ajaz.

 

[sillu_m]

Dear saint i m following this site since oct 07......i learn most of the things told by u. But during day trading i found difficult to set up entry point. The time frames for different types of charts arevery confusing to me..........So its a request plz if u find sparetime then let us know the secrets of setting entry point on various time frames. Different peoples have different criterion...but i want to know in ur language.I m ur greatest admirer as i learn the whole trading knowledge from this thread....so plz once again discuss the time frames w.r.t charts...and on what time frames which pattern should get the preference for considering.....some times a pattern get confusing like e.g a pattern ascending triangle but at the same time it also looks like double top or tripple top......So what should we do and what points should we keep in our mind to make an decision.

Thanx

-- sillu

 

[newbee]

Hello SAINT

Not seen your post for quite some time. Thought you would be on Vacation, but Holiday Season's long over ...

Hope to see your posts again.

Thanks for everything

nb
___________________________________
TRADE WHAT YOU SEE, NOT WHAT YOU THINK