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

[Saint]

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

If you are trading the 5 or 15min chart,use the hourly as a guide,for clear perspective.

Saint

 

[Saint]

excellent start ! impressive !

Thanks for the kind words,Papillon


Saint

 

[Saint]

'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

Welcome to Traderji,Jugal.....shall do,but after getting some sleep!!

Tae care,and all the best!

Saint

 

[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

me too waiting for ur answer dear friend.

 

[Saint]

me too waiting for ur answer dear friend.

Shall get to it,Sillu....apologies for the wait!

Saint

 

[Saint]

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

Thanks for all the warm remarks......if not said before,a Warm Welcome to Traderji.

Yep,can get confusing at times.

Broadly speaking,never ever disrespect the longer time frame that you keep for maintaining perspective.

But,to clarify further,let us get to individual charts ......nothing like eyeballing the charts for clarity.

If you don't mind,let me answer all queries first...

All the best!
Saint

 

[Saint]

Dear Saint,
It's long since you last wrote on this post. Your examples of trading the nifty futures intraday acted as good case studies for all of us. Please don't discontinue with htis thread. Continue posting your daily trades of nifty futures. Learning from you is like fun and full enjoyment. So, please carry on with the good work that you started.

Cheers
djsinha

Your inputs are valuable as well,DJ.....thanks for your warm remarks!

Saint

 

[sudoku1]

Thanks for all the warm remarks......if not said before,a Warm Welcome to Traderji.

Yep,can get confusing at times.

Broadly speaking,never ever disrespect the longer time frame that you keep for maintaining perspective.

But,to clarify further,let us get to individual charts ......nothing like eyeballing the charts for clarity.

If you don't mind,let me answer all queries first...

All the best!
Saint

but friend , u were the one who was uncomfortable with our level of 18975....!!! ystrday.....!!!!
any way , wellcome to the amazing world of technicals........
yes , go with the flood......!!!!!always.

 

[Saint]

Dear saint


I doubt if I have come across anybody else who is so willing to share his knowledge so that others can benefit, without any benefit to himself. I think the name saint suits perfectly to you. I have been trying to learn technical analysis thru some books and some courses , but none have been
so educational as your thread. You are doing a wonderful and selfless thing.

god bless you and keep it up

Sandeep

Thanx Sandeep for your kind words....


All the best!
Saint

 

[Saint]

but friend , u were the one who was uncomfortable with our level of 18975....!!! ystrday.....!!!!
any way , wellcome to the amazing world of technicals........
yes , go with the flood......!!!!!always.

Have been in that world for more than a decade now.....but thanks for the welcome.

Never uncomfortable with any levels,quite happy that you were having stop areas to get out.Only thing I was pointing out was the holding till close........people who did not hold from your famed 14425 levels which you may have entered pre-Traderji,and was entering at 20000 levels,to ask them to wait for 17605 to get out.......dangerous game in the long run.

Ah,go with the flow always.....Flood or Trickle!

Thank you for your comments

Saint