Teach A Man To Fish And.........
- Thread starter Saint
- Start date
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Hi Careless,
Look through this thread on pivot analysis,trendlines,etc......and then have a look at the chart posted by you.Quite obvious isn't it,where your entry long would have been.Where your exit should have been and a new entry short should have been...........the basic tenets always remain the same in all timeframes.It is very,very important to know when an uptrend has ceased to be and is now a downtrend......therefore the importance of analysing pivots.
Do look through the concepts explained in this thread again.....we'll have a brief revision of everything over the next few days.
All the best!
Saint
Look through this thread on pivot analysis,trendlines,etc......and then have a look at the chart posted by you.Quite obvious isn't it,where your entry long would have been.Where your exit should have been and a new entry short should have been...........the basic tenets always remain the same in all timeframes.It is very,very important to know when an uptrend has ceased to be and is now a downtrend......therefore the importance of analysing pivots.
Do look through the concepts explained in this thread again.....we'll have a brief revision of everything over the next few days.
All the best!
Saint
Hi! Saint,
All is well. Last May, I went through a roller coaster ride because of the correction. This time, it was a breeze, thanks to you.
I will never ever forget the patience with which you had replied to my queries. I was totally new, but wanted to learn. Who better to learn from than you.
Thank you Sir! once again.
Warm regards,
Amit
All is well. Last May, I went through a roller coaster ride because of the correction. This time, it was a breeze, thanks to you.
I will never ever forget the patience with which you had replied to my queries. I was totally new, but wanted to learn. Who better to learn from than you.
Thank you Sir! once again.
Warm regards,
Amit
This thread is,as always,for the beginner.......and to anyone who appreciates the importance of keeping trading as simple as possible.From here,this thread will be "all over the place" as I sometimes am,in real life.......so do forgive me.
They could be thoughts,maybe something I read from a great book,maybe something from today's trades,maybe a viewpoint,and some additions to what was written previously.
We'll start on something about Short term trading over the next few days.........I feel that those amongst you who would be looking for something spectacular are going to be verrrry disappointed.There are certain rules and disciplines that one follows,and then one does it day after day,every day.One keeps things as simple as possible.....so simple that one gets lulled into boredom.So simple that one cannot even boast of something bombastic to one's friend.
For the majority that are looking forward to all the indicators,and a trading system.......this is not the place to be.There are some fantastic threads by Karthikmarar,and go to "search" and look for posts by CreditViolet.Suggest you go through and ask them for their advice.
This thread ,as always,is for the beginner and the simpleton........somebody who believes that so long as one knows addition,subtraction,multiplication and division,one can trade the markets to great success.My nine year old daughter has started trading the markets when she is having her holidays.I feel she does a better job than many of us because hers is a simple mind.(Seriously thinking of catching my driver as well.......)
So for those few who do not mind making profits the simple way.....let's continue this journey.
Saint
ps:I may not be able to answer doubts and clarify each and every point discussed d/t certain time constraints.........so sincere apologies!
They could be thoughts,maybe something I read from a great book,maybe something from today's trades,maybe a viewpoint,and some additions to what was written previously.
We'll start on something about Short term trading over the next few days.........I feel that those amongst you who would be looking for something spectacular are going to be verrrry disappointed.There are certain rules and disciplines that one follows,and then one does it day after day,every day.One keeps things as simple as possible.....so simple that one gets lulled into boredom.So simple that one cannot even boast of something bombastic to one's friend.
For the majority that are looking forward to all the indicators,and a trading system.......this is not the place to be.There are some fantastic threads by Karthikmarar,and go to "search" and look for posts by CreditViolet.Suggest you go through and ask them for their advice.
This thread ,as always,is for the beginner and the simpleton........somebody who believes that so long as one knows addition,subtraction,multiplication and division,one can trade the markets to great success.My nine year old daughter has started trading the markets when she is having her holidays.I feel she does a better job than many of us because hers is a simple mind.(Seriously thinking of catching my driver as well.......)
So for those few who do not mind making profits the simple way.....let's continue this journey.
Saint
ps:I may not be able to answer doubts and clarify each and every point discussed d/t certain time constraints.........so sincere apologies!
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
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| A | Teach a Man to Fish – "Rise of Machines" version | Advanced Trading Strategies | 101 | |
| G | charts in Teach A Man To Fish And | Technical Analysis | 1 | |
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Teach a man to fish compilation(pdf) | Technical Analysis | 24 | |
| N | Teach A Man To Fish | Technical Analysis | 7 | |
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