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

[nick721156]

Till PH2 of your chart,it's an uptrend,now it's a dntrend........more importantly,have a look at the chart.It is a perfectly untradable chart,at least with pivots............Amit,if you are around,that's what I mean by an ugly looking chart.

Better piece of advice,Nick,from my end...............If you see such a chart,don't bother trying to decipher it.Chuck it,Move on to the next one.

Saint

dear saint,

we come across many charts like this and get confused with what to do!! Thanks a lot for your quick reply and guidance.

with warm regards,

nick

 

[mahesh2007]

Dear saint!

in the adjoining chart please confirm-

(A)
is (1) pivot high or rounding top?
can we consider it our normal pivot high?

(B)
Are (2) and (3) could be considered as pivot high and pivot low respectively?

(c)what is 4 ?

regards
mahesh

 

[r_qumar]

Hello Seniors

Doubt again.

I am attaching charts of HEG. what happened was

i) weekly made higher Low
ii) Enterd the trade when daily closed above previous daily high.

But within 3 days, SL got Hit.

wondering what am I missing.

Regards
Raj

 

[shrineha]

Thnaks Nick and Saint.

Kind regards,
Shrineha

Shrineha,

Same as what Nick stated above.....Thanx Nick.

Saint

 

[djsinha]

Hello Seniors

Doubt again.

I am attaching charts of HEG. what happened was

i) weekly made higher Low
ii) Enterd the trade when daily closed above previous daily high.

But within 3 days, SL got Hit.

wondering what am I missing.

Regards
Raj

Dear Raj
It's nice to see you put up charts and asking for correctness of the trade that you actually undertook.
Anyway, I'm stating my observations pointwise:

(1) Weekly made higher low...but not higher high. Till weekly makes higher high we can't say for sure that uptrend is in progress. See the weekly chart......the next pivot high is also of the same value as the prev one making it look very much like a double top formation.

(2) Even if you have entered...taking some risks...and somewhat predicting what's going to hapen....then also.....you shud have exited the whole when you saw that the next day was a gap-up opening.

(3) Lastly not a very clean chart to trade. Lots of ups and downs and choppy beahviour.

Also, never get discouraged when SLs are hit. That's the part of the game.

Cheers
D J Sinha

 

[r_qumar]

Dear Raj
It's nice to see you put up charts and asking for correctness of the trade that you actually undertook.
Anyway, I'm stating my observations pointwise:

(1) Weekly made higher low...but not higher high. Till weekly makes higher high we can't say for sure that uptrend is in progress. See the weekly chart......the next pivot high is also of the same value as the prev one making it look very much like a double top formation.

(2) Even if you have entered...taking some risks...and somewhat predicting what's going to hapen....then also.....you shud have exited the whole when you saw that the next day was a gap-up opening.

(3) Lastly not a very clean chart to trade. Lots of ups and downs and choppy beahviour.

Also, never get discouraged when SLs are hit. That's the part of the game.

Cheers
D J Sinha

Thanks DJSinha.

This was paper trading so no real loss at all.

Regards
Raj

 

[jamit_05]

Saint, are you eyein Infosys. It is in weekly uptrend... is it a good place to park mucho money?

 

[Saint]

Saint, are you eyein Infosys. It is in weekly uptrend... is it a good place to park mucho money?

To angle in an entry and capitalise on the intermediate uptrend,you could first allow the daily to get into a downtrend.That weekly needs a decline which will translate into a downtrend on the daily.Capitalise then to plonk some.

Saint

 

[jamit_05]

Great. I am not aiming for huge returns... but just want to park-up a bit at a decent place.

 

[jamit_05]

Hello Seniors

Doubt again.

I am attaching charts of HEG. what happened was

i) weekly made higher Low
ii) Enterd the trade when daily closed above previous daily high.

But within 3 days, SL got Hit.

wondering what am I missing.

Regards
Raj

What you are definitely missing is that you shouldve waited for the weekly to make a higher pivot high.