Teach A Man To Fish And.........
- Thread starter Saint
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Assessing the trend using pivots is everything,but an indicator or two can be of great help.I was first introduced by Karthik(karthikmarar) to TRIX,and the divergences that it has thrown up gives me that confirmation as an added signal.
Also have a look at ADX,+DI,-DI .........again a great help for a Trend follower.
And of course the Moving Average ,RSI and the Stochastics..........all this info is there on stockcharts.com/education,and all over the web.Added info on TRIX,go to TRIX Tricks by Karthik.
And of course,this forum is full of individuals who seem to know every nuance of every indicator.
But do remember
rice is important,pivots tell us everything,indicators are more of an add-on(good to have some around that tell us that we are on the right path!)
All the best!
Happy Trading!
Saint
Also have a look at ADX,+DI,-DI .........again a great help for a Trend follower.
And of course the Moving Average ,RSI and the Stochastics..........all this info is there on stockcharts.com/education,and all over the web.Added info on TRIX,go to TRIX Tricks by Karthik.
And of course,this forum is full of individuals who seem to know every nuance of every indicator.
But do remember
rice is important,pivots tell us everything,indicators are more of an add-on(good to have some around that tell us that we are on the right path!)All the best!
Happy Trading!
Saint
This thread was started with a view to expose a beginner to few things that become what is day to day bread and butter for a position trader.
We sometimes tend to over complicate our lives,and we tend to complicate our trading as well.We get into severe question mode and then we get into an "analysis paralysis",.......we seem to be more interested in getting ourselves the latest indicator and the latest software than we are in trading them.Not that they are not required,but they are meant as a means to an end.That end being,trading the markets and making profits from the trading.
This thread ends here.......abruptly I must say,but has to end here.For the beginner having a look at the markets,I hope that this thread has exposed to what trendlines,trends,pivots,chart patterns,etc are all about.I sincerely hope that you have a look at www.stockcharts.com/education .......practically all that is needed for profitting from just eyeballing charts is there.
But the secret of massive profits lies in great entries,great exits and Money Management...........in our search for the Holy Grail to Trading,we sometimes fail to realise that there actually is none.That verily is the Holy Grail,I guess........but getting thorough in Risk management concepts is the nearest one gets to it!!
This thread has been all about trend following,and as said before,not predicting them..........our job is to just go with the flow,our learning just to assess the direction of the flow.You'll be surprised at the massive profits that one can make in just going with the flow of the markets.
So,my friends,do keep things simple,get your trends right,put your money management stuff in place,......and allow the market to do the rest!
As said many times before,Ride the Trend and Enjoy the Ride!
Wishing you all the very best in your path to Trading Mastery and Trading Brilliance.May you all always be students of the market,hope you continue your learning,and hope you all rake in the moolah!!
Wishing you all the health,happiness,peace and prosperity in your lives!
Happy Trading!
Saint
ps:I apologise for the garbled nature of thought flow.......neither a teacher or an author!And another thing,if anyone would like to keep in touch with me,contact Karthik for means to get to me.And do bother him with your queries and doubts as well..........the answer he would give is the answer that I would have given.
We sometimes tend to over complicate our lives,and we tend to complicate our trading as well.We get into severe question mode and then we get into an "analysis paralysis",.......we seem to be more interested in getting ourselves the latest indicator and the latest software than we are in trading them.Not that they are not required,but they are meant as a means to an end.That end being,trading the markets and making profits from the trading.
This thread ends here.......abruptly I must say,but has to end here.For the beginner having a look at the markets,I hope that this thread has exposed to what trendlines,trends,pivots,chart patterns,etc are all about.I sincerely hope that you have a look at www.stockcharts.com/education .......practically all that is needed for profitting from just eyeballing charts is there.
But the secret of massive profits lies in great entries,great exits and Money Management...........in our search for the Holy Grail to Trading,we sometimes fail to realise that there actually is none.That verily is the Holy Grail,I guess........but getting thorough in Risk management concepts is the nearest one gets to it!!
This thread has been all about trend following,and as said before,not predicting them..........our job is to just go with the flow,our learning just to assess the direction of the flow.You'll be surprised at the massive profits that one can make in just going with the flow of the markets.
So,my friends,do keep things simple,get your trends right,put your money management stuff in place,......and allow the market to do the rest!
As said many times before,Ride the Trend and Enjoy the Ride!
Wishing you all the very best in your path to Trading Mastery and Trading Brilliance.May you all always be students of the market,hope you continue your learning,and hope you all rake in the moolah!!
Wishing you all the health,happiness,peace and prosperity in your lives!
Happy Trading!
Saint
ps:I apologise for the garbled nature of thought flow.......neither a teacher or an author!And another thing,if anyone would like to keep in touch with me,contact Karthik for means to get to me.And do bother him with your queries and doubts as well..........the answer he would give is the answer that I would have given.
This thread was started with a view to expose a beginner to few things that become what is day to day bread and butter for a position trader.
We sometimes tend to over complicate our lives,and we tend to complicate our trading as well.We get into severe question mode and then we get into an "analysis paralysis",.......we seem to be more interested in getting ourselves the latest indicator and the latest software than we are in trading them.Not that they are not required,but they are meant as a means to an end.That end being,trading the markets and making profits from the trading.
This thread ends here.......abruptly I must say,but has to end here.For the beginner having a look at the markets,I hope that this thread has exposed to what trendlines,trends,pivots,chart patterns,etc are all about.I sincerely hope that you have a look at www.stockcharts.com/education .......practically all that is needed for profitting from just eyeballing charts is there.
But the secret of massive profits lies in great entries,great exits and Money Management...........in our search for the Holy Grail to Trading,we sometimes fail to realise that there actually is none.That verily is the Holy Grail,I guess........but getting thorough in Risk management concepts is the nearest one gets to it!!
This thread has been all about trend following,and as said before,not predicting them..........our job is to just go with the flow,our learning just to assess the direction of the flow.You'll be surprised at the massive profits that one can make in just going with the flow of the markets.
So,my friends,do keep things simple,get your trends right,put your money management stuff in place,......and allow the market to do the rest!
As said many times before,Ride the Trend and Enjoy the Ride!
Wishing you all the very best in your path to Trading Mastery and Trading Brilliance.May you all always be students of the market,hope you continue your learning,and hope you all rake in the moolah!!
Wishing you all the health,happiness,peace and prosperity in your lives!
Happy Trading!
Saint
ps:I apologise for the garbled nature of thought flow.......neither a teacher or an author!And another thing,if anyone would like to keep in touch with me,contact Karthik for means to get to me.And do bother him with your queries and doubts as well..........the answer he would give is the answer that I would have given.
We sometimes tend to over complicate our lives,and we tend to complicate our trading as well.We get into severe question mode and then we get into an "analysis paralysis",.......we seem to be more interested in getting ourselves the latest indicator and the latest software than we are in trading them.Not that they are not required,but they are meant as a means to an end.That end being,trading the markets and making profits from the trading.
This thread ends here.......abruptly I must say,but has to end here.For the beginner having a look at the markets,I hope that this thread has exposed to what trendlines,trends,pivots,chart patterns,etc are all about.I sincerely hope that you have a look at www.stockcharts.com/education .......practically all that is needed for profitting from just eyeballing charts is there.
But the secret of massive profits lies in great entries,great exits and Money Management...........in our search for the Holy Grail to Trading,we sometimes fail to realise that there actually is none.That verily is the Holy Grail,I guess........but getting thorough in Risk management concepts is the nearest one gets to it!!
This thread has been all about trend following,and as said before,not predicting them..........our job is to just go with the flow,our learning just to assess the direction of the flow.You'll be surprised at the massive profits that one can make in just going with the flow of the markets.
So,my friends,do keep things simple,get your trends right,put your money management stuff in place,......and allow the market to do the rest!
As said many times before,Ride the Trend and Enjoy the Ride!
Wishing you all the very best in your path to Trading Mastery and Trading Brilliance.May you all always be students of the market,hope you continue your learning,and hope you all rake in the moolah!!
Wishing you all the health,happiness,peace and prosperity in your lives!
Happy Trading!
Saint
ps:I apologise for the garbled nature of thought flow.......neither a teacher or an author!And another thing,if anyone would like to keep in touch with me,contact Karthik for means to get to me.And do bother him with your queries and doubts as well..........the answer he would give is the answer that I would have given.
I would like to thank you very much for your greatest contribution in this forum. Believe me - I'm reading this thread for second time from the first post(with another good contribution by gobatman..). Although they are simple, they are very important basics.
This thread has changed my look into seeing the trading market. I was of the view that one need to find a magic wand - indicators that will give an edge. But your views has changed everything. Even my first trade was based on your idea(buyed a share when - "the bullish candle took over the previous candle's high..in the buy setup post).
I would thank you once again for your contribution.
All the best,
Praveen.
P.S: So you mean you are leaving traderji.com? If you dont mind, can you give me the reason for your decision. If its personal leave it.
Hi Saint,
Thank you so very much for all that you have contributed.Wishing you and your family all the best as well,and plz inform once in Bangalore.
It has been the greatest moment of "luck" for me to have chanced upon this forum and to have seen it through the time of 2 great people-Saint and Amit.
.....and a greater moment to have finally met up with you.
Plz keep in touch,and once everything is resolved,looking fwd to the return of Amit and yourself.
Sincere thanks,
Avinash
Thank you so very much for all that you have contributed.Wishing you and your family all the best as well,and plz inform once in Bangalore.
It has been the greatest moment of "luck" for me to have chanced upon this forum and to have seen it through the time of 2 great people-Saint and Amit.
.....and a greater moment to have finally met up with you.
Plz keep in touch,and once everything is resolved,looking fwd to the return of Amit and yourself.
Sincere thanks,
Avinash
SIZE="4"]Dear Saint........
Thank u for ur great contribution & help to the newcomers like me.
I wish very success to u in ur future life + trading.
Please join us once in a while & guide us.
If u r joining or available on any other forum pl. let me know so that I will also join it.
Regards.........[/SIZE]
Thank u for ur great contribution & help to the newcomers like me.
I wish very success to u in ur future life + trading.
Please join us once in a while & guide us.
If u r joining or available on any other forum pl. let me know so that I will also join it.
Regards.........[/SIZE]
This day was coming for some time now----very sad to hear that you will not be around.
Looking at the bright side,you have left behind so much for us newcomers that acts as something of a launch pad for the future.
I thank you so much for all that you have done-----and may God bless you and your family for the service done here.
Please look in once in a while whenever you get the time.
Sincerely,
Dhanya
ps:I feel a bit lost without Amit and yourself,but as you said,shall post all queries in future to Karthik.Thanks!
Looking at the bright side,you have left behind so much for us newcomers that acts as something of a launch pad for the future.
I thank you so much for all that you have done-----and may God bless you and your family for the service done here.
Please look in once in a while whenever you get the time.
Sincerely,
Dhanya
ps:I feel a bit lost without Amit and yourself,but as you said,shall post all queries in future to Karthik.Thanks!
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
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| G | charts in Teach A Man To Fish And | Technical Analysis | 1 | |
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| N | Teach A Man To Fish | Technical Analysis | 7 | |
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