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

[anupammore]

hi everybody can somebody suggest me a good technical analysis software with which i can work online

 

[nick721156]

Hello Saint,

I also have similar questions. Sometimes while mentioning trailing stoplosses you mention about Pivot breaks and sometimes you mention about previous 2 bars method.

Will it be possible for you to to guide us on when to use previous 2 bars and when to use pivot breaks?

Once again many thanks for your help and teachings.

Kind regards,
shrineha

dear friend,

although question was out to saint, i am trying to answer your question.

when the upward inclination of a chart is normal, we raise our stoploss to the next higher pivot low once higher pivot high is taken out. however, if the upward trend is very steep we put our stoploss at the low of previous 2 bars.

it is the steepness of the uptrend that differentiates both the stoplosses.

regards,

nick

 

[djsinha]

dear sinha,

can i post a private message to you?

regards,

Nick

Sorry for the late reply. Yes you can. Why not?

 

[mahesh2007]

what lies ahead for ONGC on 9 june.

enclosed chart shows-

(1)hanging man formation-->stock to be shorted
(2) bullish crossover of MACD over signal--> to go long
(3)MA(5) is bullishly crossing over MA(9)---> to go long
(4)RSI=50-->anything can happen
Sr. members plz comment,how u shall interpret the chart and what position u shall take for tomorrow?
regards
mahesh

 

[djsinha]

what lies ahead for ONGC on 9 june.

enclosed chart shows-

(1)hanging man formation-->stock to be shorted
(2) bullish crossover of MACD over signal--> to go long
(3)MA(5) is bullishly crossing over MA(9)---> to go long
(4)RSI=50-->anything can happen
Sr. members plz comment,how u shall interpret the chart and what position u shall take for tomorrow?
regards
mahesh

Dear Mahesh
We here just purely follow the trend. No MACD, no RSI, no MA crossover. Just pure pivot play.
In ONGC, we find the weekly is forming lower pivot highs and lower pivot lows. So, an intermediate downtrend phase. Hence we'll short.
Next issue is when to short? Now we see that weekly is about to take a rally. So we'll wait for the rally on the weekly to get over. Then on the next to next candle to the candle (say, candle 'c') forming the pivot high, we'll look to short.
The next question that obviously comes is....on the entire week represented by the candle c+1, on which day will we short? For that we pull out the daily chart. Now the day on which the prev pivot low will get cracked...we'll short below the lowest pivot low...keeping SL at prev pivot high.

See...I've given a very detailed step-by-step procedure. Hope this helps.
Saint, pls see...have I missed anything?

Cheers
D J Sinha

 

[ganeshsai76]

Japanese candlesticks were used by rice traders in japan for whom tech. analysis term might as well be a rock's name on jupiter.It should be therefore visualized not memorized...TRAIN YOUR EYES..LISTEN TO YOUR HEART,,,THIS IS TRADING

 

[Reji]

Dear Saint,

Is it the right time to enter CAIRN? Price closed above last week high of 298. Chart attached.

Regards

Reji

 

[maddy_invest]

Hi Saint,

Attached is the daily chart for spice telecom.It is in a uptrend since April.
It has completed the buy setup.Is it a good buy as the volume is also good?
I'm not able to decide as the market situation is very bad.
I am thinking for a buy price around 56 with a stoploss of 52.92.

Maddy

 

[Pchartis]

Senior members
Pls answer my query regarding valid chart patterns given in 402 of below linkhttp://www.traderji.com/technical-an...cgrath-41.html

Regards

 

[Pchartis]

Since above link not given properly here I am reesubmeeting my query of valid chart patterns, any senior memebers care to answer
http://www.traderji.com/technical-analysis/12686-kiss-like-mcgrath-41.html

Regards