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

[Saint]

I am finding it extremely difficult to maintain a regular tempo for a myriad of personal reasons......I sincerely apologise.

I hope to rush through over the next few weeks,and throw out as much as possible,.........................after which this thread comes to its end.

Thanks,
All the Best!
Saint

 

[AMITBE]

I am finding it extremely difficult to maintain a regular tempo for a myriad of personal reasons......I sincerely apologise.

I hope to rush through over the next few weeks,and throw out as much as possible,.........................after which this thread comes to its end.

Thanks,
All the Best!
Saint

Saint, I look forward to each of your post for all the teachings contained here.
Yet, I understand where you're coming from.
There's no call for an apology, and if anything, I wish to thank you for all you've done for all of us at the forum.

All the very best to you,whichever way life takes you, and take good care.
With utmost regards.

 

[rahulg77]

Hi saint,

I agree with Amit. There is no need for an apology. Infact what u, amit, joy, karthik, ajay, satya, vvonteru( pls forgive me if i miss on names here) are doing for the forum is so selfless. No school, college, university can teach matter that is contained within this forum. maybe if we have world war three and human race gets extinct and a new breed comes up and after a million years they excavate to find old civilizations and they find this forum it will be like a bible, geeta or maybe the Holy grail for them.

So thank u all

Rgds

Rahul

 

[karthikmarar]

Hi saint

Your apology shows only your greatness my friend. What you have so far for the forum and scores of young traders is remarkable. Mere words are not enough to thank you for all that you have done for us. You have already left your footprint in our hearts.

We do understand. Personal commitments take the first priority in life.

Of course we hope to see you around in the forum whenever time permits.

Wising you all the very best in life.

Warm regards

Karthik

 

[Saint]

There's still more that one has to learn about Money management......I hope this is at least a start.

And 2 posts that one has to go through,one from Credit Violet,and another from Swing Trader........

http://www.traderji.com/945-post1.html

http://www.traderji.com/23951-post1.html

All the best!
Saint

 

[Saint]

I sincerely hope that one realises the importance of money management ....... all the above is nothing but a start.It is vital to position size properly,vital to have a max risk,vital to have a point after which one pulls the plugs.........

Very,very important.........this is the Holy Grail of Trading,knowing which you have an edge over your rival,not knowing which,it's only a matter of time before the market swallows your account with glee..

All the best!
Saint

 

[Saint]

As we had discussed previously,a successful trader who trades the ongoing trend of the market is he who is able to stick with the present moment,the "now".........it really does not matter what our intellect tells us where the market is going or not going,the fact is that it really does not matter what we think about the market........The reality is the market move in itself.

Our job as a trader trading the trends of the market is merely to latch on to a trend and stay out of the forecasting business.The problem with this latching on to the trend business is that we don't get to go to a party and show off all our stock knowledge,fundamental/technical skills........In this business,we practically shut our brains and follow the trend.So no glitz or glamour in this,.............nothing to really show off.But you do have banking personnel running after you with ideas on where you should put your money that is growing slowly and steadily in your account!

We therefore use price as everything,now some will tell you of the importance of Price and Time,etc...........as maintained before,Trading Truth has as many paths to it as there are traders,and to each his own.

Now using price,trendlines to give us warning signals,and pivots that tell us to jump ship when that trend of that time frame is over,and some traditional tech chart patterns,our job is nearly almost over.Coupled with a few indicators,and certain patterns to keep a look out for,we are about done....

Keep things as simple as possible.......I know that isn't a style statement these days especially amongst tech traders........do your experimentation,and once you have things figured out,keep things very simple.

All the best!
Saint

 

[Saint]

WIDE RANGE BAR :

When you get a Wide Range Bar ,especially out of a basing consolidating sideways move,get ready for a big move in that direction.Don't expect it to pullback and give you an opportunity to cimb aboard.Sometimes it does,but in many times,it keeps exploding higher.

What is a WRB?Don't complicate things by adding more critria than the simple fact,a bar that makes a wide move in that time frame and closing at or near the high of that bar/candle.

The beauty of a WRB..........if you get one,buy the pullback,with a stop below the low of that very bar.Else,buy the high of that bar.If we get a WRB,and it reverses,a WRB failure is an ominous sign of a big move down.

Another thing to look at:a WRB with accompanying increase in volume out of a sideways base.

And look out for a WRB that can happen after a big rally........could signify a turnaround soon.

So,look out for the WRB!

All the best!
Saint

 

[Saint]

Another example :In this case,Dabur had a huge uptrend,and then we get a WRB.A WRB after a long run up should send alarm bells off as this could mean a possible turn around,an intermed top.

Dabur Charts attached below!

All the best!
Saint

 

[Saint]

Another example of a trade that we had taken a year back,based on the power of the WRB.

All the best!
Saint