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

[gobatman2001]

I personally prefer Candlesticks to Bar,but that's a personal choice...........if you have been trading bar charts all this while,and feel that you are more comfortable with it,no probs.But for those who are interested in Candlesticks,please go to the belowmentioned thread by Gobatman...basically all important patterns in one page.

http://www.traderji.com/55095-post1.html

Do go through them,we can briefly go through a few,but do remember one thing.............More important to identify the pattern,than to boast of each and every Japanese name memmorized.We are here to trade and make profits from it,not to be scholars......

These patterns are even more reliable on the weekly charts.......on the daily,not that much.But the knowledge of all that we had done so far and some basic Candlesticks Analysis makes the decision we take even more accurate,more precise.

Thanks Gobatman for the list ....

All the best!
Saint

Thanks! Saint. This is just a drop in the ocean compared to what you have given us.

I am in the process of compiling all the posts that you have posted in an organised manner. Will upload the same once you have finished. Will treasure the posts till the day I die.

Attached is a screenshot of the folders (with all the respective posts) that I am making. It's basically in accordance to the step by step method that you have used to teach us to fish.

With warmest regards,
Amit

 

[shrinivas]

Thanks! Saint. This is just a drop in the ocean compared to what you have given us.

I am in the process of compiling all the posts that you have posted in an organised manner. Will upload the same once you have finished. Will treasure the posts till the day I die.

Attached is a screenshot of the folders (with all the respective posts) that I am making. It's basically in accordance to the step by step method that you have used to teach us to fish.

With warmest regards,
Amit

Ahhhhh...
gobatman, I've just copy pasted this and made a word file, with all the charts in it...you've done it in a better manner..would wait when saint is finished on this one...I've recently started reading good tech books and this thread starts everything from base and teaches the most crucial facts in simplest possible forms..thanks a lot for that saint..and thanks gobatman for participation..

all the best..

ganeshhity

 

[amaren]

hi
you are doing a great job. I will be waiting for it. when do you hope to put it up.

I am in the process of compiling all the posts that you have posted in an organised manner. Will upload the same once you have finished. Will treasure the posts till the day I die.

Attached is a screenshot of the folders (with all the respective posts) that I am making. It's basically in accordance to the step by step method that you have used to teach us to fish.

With warmest regards,
Amit

 

[gobatman2001]

Ahhhhh...
gobatman, I've just copy pasted this and made a word file, with all the charts in it...you've done it in a better manner..would wait when saint is finished on this one...I've recently started reading good tech books and this thread starts everything from base and teaches the most crucial facts in simplest possible forms..thanks a lot for that saint..and thanks gobatman for participation..

all the best..

ganeshhity

Hi! Ganesh,

It's good to know that everyone is participating. Can you please upload what you have compiled to http://rapidshare.de/

Might help me in my compilation too.

Cheers,
Amit

 

[gobatman2001]

hi
you are doing a great job. I will be waiting for it. when do you hope to put it up.

Hi! Amaren,

Once Saint is done with the thread, I would be able to finish the compilation in 3 -4 days.

Cheers,
Amit

 

[gobatman2001]

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

Dear Saint,

May God bless you for all that you have done and may all your dreams come true.

Cheers, thanks & regards,
Amit

 

[bvpraveen]

Hi Saint,

I'm a begineer and I'm learning the TA concepts very seriously for the past 1.5.months and following up this thread - "Teach a man a fish..."
very slowly for the past 1month, so that I can understand all the basics well.

Now I've some doubts regarding the buy/stoploss signal using the pivots, which you had taught in one of your earlier post.

[I use the word theory to mean your words:"...buy after the second candlestick takes over the high of the previous candlestick...."]

Referring to the attached chart, can you please explain me the following queries?:

I placed all those "black coloured" buy/stoploss according to your theory, which I hope are correct. I've doubts in those "Rose" coloured buy/stoploss.

Question1: If you notice those rose coloured ones,
a)they are placed according to your same "theory".
b)they are only at pullbacks
c)but as we can see they are placed somewhat in the middle of the "up trend", which leads to breaking out of the stop loss very very soon, although the uptrend is intact.
d)so both rose and black coloured ones are from the same theory, buy rose is wrong(I guess) and blacks are correct. WHY IS IT SO? (or) How should one behave in those "rose" coloured pullbacks?

Question2:In case of "stoploss3" where should be the stoploss exactly:
a) below the low of red bar or
b) below the low of green bar?

Please reply me when you are free,
Waiting for your answers,
Thanks a lot,
Praveen.

 

[amaren]

hi
am i seeing the formation of pennant in "i-Flex" (from 17/8/2006 on-wards) correctely. Please guide.

 

[Vinayak]

Positive Divergence of Price wrt MACD

A positive divergence occurs when MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher lows or a second low that is higher than the previous low. Positive divergences are probably the least common of the three signals, but are usually the most reliable and lead to the biggest moves.

see attached charts of Arvind mills in weekly and daily mode.

This thread was a great thread to read

Heartiest thanks to Saint. Great Job saint. I hope we all use this.

Thanks to this post on MACD as well

But may I request a little more explanation on MACD and what sort of signals does an MACD give. For e.g. what is "...and makes a lower reaction low. .."

Thanks in adv & regards
Vinayak

 

[Vinayak]

Hi Rahul,

We get a downtrend once the previous pivot low is taken out and then we get a confirmation with a lower pivot high, and yes, as you mentioned goes on to take out that previous pivot low yet again.

But the trade that we are in currently is because of its uptrend. So long we make higher pivot lows and highs we are looking good. A question on its uptrend and we are out...........do not wait for a confirmation of downtrend. If the stock makes new highs,and then goes sideways,and that all important previous pivot low is not taken out,we are still in the trade.But that previous pivot low being taken out is an indication of a change in the present uptrend,and although we do not have confirmation of downtrend yet,we are out and looking elsewhere for more uptrends to capitalise on.

Happy Trading!
Saint

Hi Saint

Your posts and follow up are excellent - top, 5 star rated posts. Keep them coming

This is my second / third reply in this very thread today.

I just saw the thread an hour ago and I suppose by the time I finish this thread, I'd feel like having done a full certification course on charting. No jokes

Great ... simply great !!

Two questions to you if you have the time
----------------------------------------------------

Looking at three stocks, ICICI, EID Parry and Hind Zinc, (well I'm a new commoner here), I get the following ideas

1. EID Parry - Hold or Buy. 165 ~ 175 seems to be a support line. Still one may have to look at a longer term data ?

2. ICICI - Sideways over the last one week. Still a sell signal over the last two sessions (NOT sure if this I charts chart has today's data already. so may be one has to check tomorrow to see if 25th Aug 2006 prices are included)

3. Hindustan Zinc - In a sideways channel between 500 ~ 600. I am unable to decide

But I'd REALLY appreciate your expert comments and questions / corrections to my thoughts

regards
V

I've uploaded the max files allowed. So 1 file may be missing