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

[ametrader]

hello saint,
well i hav been followin this thread for sometmie now,and seriously it as been very helpful.but i wanted to knoww some thing thts out of this thread, hope u can help out wit it.
I like stocks which hav momentum.those stocks which move 200% in a month n stuff.so i have been following allot of stocks in the bse, tht suddenly, jus start movin from circiut to circiut, and in a few cases the volumes being low.I wanted to kno wat makes these stock jus start rising tht way?
for e.g. 'OSCAR INVEST(bse)' has gone up 289% in this month, so wat tht factor tht governs such moves?

thanks...

 

[Grey Fox]

Saint,

This is the 1st post I have ever made on this forum, but was compelled to do so, having just spent most of the day enthralled with reading this thread from start to finish.
Mate, my hat is off to you, "fish" would have to be the most practical, beneficial & common sense piece of writing I have read in decades.
I have cut and pasted the lot and aim to pass it out to all the members of our trading group at next months meeting.
Many thanks & all the best in whatever you do.

GreyFox
(now older and wiser for having found this thread)

 

[Ankit Jain]

Hi sorry to answer this as u had posted it to Saint. First of all black candle is not formed cause the day close is below the previous day close. A black candle forms if the close is below todays open itself.




Now booking profit is up to u. If u are a trend follower you would book part profits when trend line is violated. then u would exit the rest when the previous pivot low is also taken as that would mean uptrend is in question. Remember trend is valid till the proof of evidence proves otherwise(as Martin pring says)

your stop loss should not be below as once the price moves so much above you should have had trailing stop losses. and in any case if it was below then also if u are a trend follower you should exit by now.

Now candlestick would be a different understanding. it depends where the small black candle has formed. Has it formed within the body of the previous white candle. Above it. Below it. If it has formed within the body then it could be a Harami pattern. above would be a evening star. all these need confirmation the next day.

Also, a confirmation just shows that current trend has ended. It does not tell us if it will reverse, it could move sideways. It might be a small correction a large one. Magnitude cannot be judged. Hence, candlesticks are more beneficial if used with other indicators. A confirmation with trend line being violated, or any other indicator turning negative is more useful. Though u can use it individually too but a confirmation is a must.

Hope this answer your query. Saint please add whatever I have missed out on.


Rgds

Rahul

Hello Saint/Rahul

I amm totally confused about this candlesticks...Can u just explain it agian...

Regards

 

[jchshee]

Hi Grand Master Saint!!

Tq for showing us the light to trading profitability via simplicity and objectivity observation of the chart. Instead of complicating the chart with various holy grail indicators, we are being taught to use basic techniques which are not affected by subjectiveness. Master Saint, would you consider starting another thread on trading shorter time frame using what you have exposed & taught to us??? Tq!!!

 

[bvpraveen]

Hello Saint and others,

Long time since I've read posts in this thread. This thread had been my first source for basics of TA. I will keep track of this thread now-on-wards.

I've got some questions. Please try to answer them when you find time.

1.How to deal with a sudden long bar with huge volume? This becomes important when the stock is not "popular", etc. For eg. please look at the attached charts.

2. What I'm thinking is we can exit when it reaches one pre-determined target, say 5%. This 5% I think is getting achieved very easily in such kind of charts. For eg. the scripts in the charts achieved 5% the next day. I've noticed some stocks which behaves as explained above.

3. Does that 5% look like gambling? After all money making is the motto of a trader, right? I agree that this is possible only if we trade in low volumes.
This can be helpful for small traders, say who trades with Rs.1 lakh., etc

I'm posting these questions and charts only for learning purpose. Any views are welcome.

Thanks,
Praveen.

 

[Saint]

Saint,

This is the 1st post I have ever made on this forum, but was compelled to do so, having just spent most of the day enthralled with reading this thread from start to finish.
Mate, my hat is off to you, "fish" would have to be the most practical, beneficial & common sense piece of writing I have read in decades.
I have cut and pasted the lot and aim to pass it out to all the members of our trading group at next months meeting.
Many thanks & all the best in whatever you do.

GreyFox
(now older and wiser for having found this thread)

Hi Grey Fox,

ThanQ for all your kind words,my friend..........most sincerely appreciated.

Saint

 

[Saint]

Hello Saint/Rahul

I amm totally confused about this candlesticks...Can u just explain it agian...

Regards

Hi Ankit,

If you could ask something specific that you would like to know regarding Candlesticks,could probably zero in on an answer.

Awaiting your question.....


Saint

 

[Satyen]

hi saint

thank you very much helping us to learn TA

i have a doubt (may be silly) some where you told during pullback we should wait and when previous days high taken out then we should enter into the trade . if price opens higher than the previous days high and closes below it
then where should we enter

Waiting your reply

Satya

 

[p_haolader]

Hi Saint,

Great Work, I have started going over Murphy's Tech Analysis. I must admit I owe you and AmitBE for my great interest in TA. I must admit also admit that I have somehow missed out this thread until recently - a damn fool that I am. But I guess I have redeemed myself by going over it end to end.

Thanks for the spreading light of knowledge.

-Partha

 

[Saint]

Hi Saint,

Great Work, I have started going over Murphy's Tech Analysis. I must admit I owe you and AmitBE for my great interest in TA. I must admit also admit that I have somehow missed out this thread until recently - a damn fool that I am. But I guess I have redeemed myself by going over it end to end.

Thanks for the spreading light of knowledge.

-Partha

Most welcome,Partha.....and thank YOU for this post.

Saint