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

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Dear Saint,

What should be the Larger & Shorter Time Frames in Day Trading. Can it be 15/5 or 5/2 or 5/1 or 15/5/1 mins. I am trying to go through the Thread studiously, some how not able to pick the ropes. Will keep trying till I pick up atleast rudimentary stuff.

Cheers
PAKatil
That depends on you......15/5 works for me with an eye on the 60....but your call.

Saint
 
Dear Saint,
This is SENSEX Daily chart. does this qualify a falling wedge?

regards,
Tapaswi.S
Nope Tapaswi.......running in a channel to the down.As far as patterns are concerned,I'd like it that the pattern just jumps out of the charts........in this case,you could draw triangles,or wedges,cups and handles,h&s.......looks like a pattern there for each one of us.

Not clear cut,and therefore would not call it a falling wedge.....

Keep em coming,Tapaswi....some good stuff from you last few days!

All the best!
Saint
 
hello saint,

posting on traderji after a long time. What a week of trading it has been. 2nd inside bar on weekly chart. Have attached a 5 min chart of nif-fut of last 5 trading session. Could u please explain the daily entry and exits of these 5 sessions whenever time permits. It would be really helpful to clear some of my doubts. Hope i am not bothering u. Thanks in advance.

gvnarendra
 

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Nope Tapaswi.......running in a channel to the down.As far as patterns are concerned,I'd like it that the pattern just jumps out of the charts........in this case,you could draw triangles,or wedges,cups and handles,h&s.......looks like a pattern there for each one of us.

Not clear cut,and therefore would not call it a falling wedge.....

Keep em coming,Tapaswi....some good stuff from you last few days!

All the best!
Saint

Thanks Saint,

best regards,
Tapaswi.S
 
hello saint,

posting on traderji after a long time. What a week of trading it has been. 2nd inside bar on weekly chart. Have attached a 5 min chart of nif-fut of last 5 trading session. Could u please explain the daily entry and exits of these 5 sessions whenever time permits. It would be really helpful to clear some of my doubts. Hope i am not bothering u. Thanks in advance.

gvnarendra
Hi Narendra,

So good to hear from you again....


Shall post charts on the last 5days 5min candles shortly.

Saint
 
Hello Saint,
In most of the charts i have gone through(Books) trendlines are mostly drawn with perfection.Please find the attached charts of Reliance Communication,you might notice that there is a break of the trend line with a high of 495.80.My query is does this make the trendline(triangle) invalid due to the break out or can we consider as a one off glitch.If you have allready answered the query else where please feel free to ignore the query and i will look out for the answers.
Thanks

Hi Narendra,

So good to hear from you again....


Shall post charts on the last 5days 5min candles shortly.

Saint
 

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