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

[avinash]

Hi Saint,

Whether Anil is here or not,I am rather curious as to the answer to that question.It would be great to know if you also use certain indicators to help you in the decision making process.

Avinash

 

[mainlink]

hi all,
i found this site very educational. i hope it helps.
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1180+26322,00.html

mainlink

 

[anilpalan]

Hi Anil,

Thank you for your kind words......as for your question,haven't seen you around for some time,do reply to this post.......we can then go through a few points.

Saint

Dear Saint,

Because there was no reply from you I stopped going through blog, however, today casually going through it I saw your reply. Pl. advise now

anil palan

 

[anilpalan]

Hi Saint,

Whether Anil is here or not,I am rather curious as to the answer to that question.It would be great to know if you also use certain indicators to help you in the decision making process.

Avinash

Hi Avinash,

I think seniors like you also can guide us. I some times go through blogs. Your recommendations are timely but I have my own way of investing in markets which is generally for a duration of 3 weeks to 3-6 months and I select my own shares based on chart reading.

anil palan

 

[Saint]

Hi Saint,

Whether Anil is here or not,I am rather curious as to the answer to that question.It would be great to know if you also use certain indicators to help you in the decision making process.

Avinash

Hi Avinash,

Nothing as far as medium to long term trades are concerned,price that's about it......and of course my beloved pivots.

Intradays to short term,price and pivots as always..........and I use TRIX (thanx to Karthik) and ADX.

Like what Kuldeep said.......

TRIX is a momentum indicator that displays the percent rate-of-change of a triple exponentially smoothed moving average of a security's closing price. TRIX is a leading indicator and can be used to anticipate turning points in a trend through its divergence with the security price. It works best in conjuction with ADX. ADX shows whether there is a trend whereas TRIX together with its signal line gives very good entry points.

Saint

 

[winstonn]

hello dear saint!

the very first thing is that you are a very good human!!! like saints you have been giving endlessly!!

And not to mention a great trader!

you know saint , yesterday night i kept on reading your posts and now i am feeling sleepy cauz i did'nt sleep whole night reading your posts!

great work!!!!!
wish u good fortune
winston

 

[Saint]

hello dear saint!

the very first thing is that you are a very good human!!! like saints you have been giving endlessly!!

And not to mention a great trader!

you know saint , yesterday night i kept on reading your posts and now i am feeling sleepy cauz i did'nt sleep whole night reading your posts!

great work!!!!!
wish u good fortune
winston

Thank you,Winston for those very kind words......sincerely appreciated.

Saint

 

[winstonn]

hi saint ,
how are you ? felt good at your response,

well, all the things you have been teaching here are gems and i would like to ask you whether the chart patterns are reliable in forex markets? little out on my track, but really curious????

i have demo A/c, i see your fav. pivot highs and low work really good on forex, but chart patterns here are really less reliable.
wht do u say??

thanxs
winston

 

[Saint]

hi saint ,
how are you ? felt good at your response,

well, all the things you have been teaching here are gems and i would like to ask you whether the chart patterns are reliable in forex markets? little out on my track, but really curious????

i have demo A/c, i see your fav. pivot highs and low work really good on forex, but chart patterns here are really less reliable.
wht do u say??

thanxs
winston

Hi Winston,

A chart pattern merely tells us where we might possibly go from here......if we get an ascending triangle after an uptrend,we accept the sideways movement as nothing but a pause in its uptrend.We are therefore expecting a move out of this triangle to the up,and resume its uptrend.Can an ascending triangle break down?Surely........well,this we call a failed pattern.So either way,it qualifies as a chart pattern

The beauty of any sideways movement,be it just some sideways consolidation,or a symm triangle or any of the triangles,is that we get to enter into the stock at minimal risk with a stop just below the base formed.

So,use the chart patterns as a low risk entry point,instead of its predictive value in the future direction that it is headed........a breakout and a pullback gives a great entry as we latch on to a stock threatening to take off.A failed breakout,.....no probs,we reverse directions,and short it to glory.Either way,chart patterns come in handy,although knowing it is not an absolute necessity.

As for forex mkts,you will have to assess what really works there.....I used to trade failure patterns day in and day out in the US markets.In the Indian mkts,classical patterns seem to work.......so depends,you have to check it out yourself.

All the best!
Happy Trading!
Saint

 

[winstonn]

thanxs a lot dear!!!!!!!!!!