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

[noboundries]

Sir Saint,

Kindly comment on some of the charts posted in the thread


www.traderji.com/technical-analysis/13792-cup-handle-formation.html

 

[Saint]

thanks saint and all the co-ordinative people of this thread for your concern as i'am also nothing but a newbie to this world.

Welcome Joji.....and all the best!

Saint

 

[Saint]

Sir Saint,

Kindly comment on some of the charts posted in the thread


www.traderji.com/technical-analysis/13792-cup-handle-formation.html

Hi NoBoundaries,

I have always tried to answer to the best that I possibly can........and when I know that it cannot be answered by me,I have always referred to someone who can.

This would be the first time that I would not be answering a query.......for the simple reason that I do not want to be dragged into a fire-backfire-crossfire kind of situation.......hope you understand.

The weapon that I have as I enter each day into the markets is my mind,and its peace is of utmost value.Its peace is its very strength.Its strength shows up in my bank accounts.

Do ask a specific chart and shall be glad to help.

Saint

 

[noboundries]

sir i do agree with you ,

kindly comment on the chart of parasvanath for invere h&s pattern,i.e:is it a valid pattern ?if yes what should be s/l and target price?

www.traderji.com/attachments/techni...-shoulders-pattern-inverse-h-s-parsvanath.jpg

 

[Saint]

Inverted Head and Shoulders Pattern

The head and shoulders pattern can sometimes be inverted. The inverted head and shoulders is typically seen in downtrends. (What's noteworthy about the inverted head and shoulders is the volume aspect. The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume. The rally from the head however, should show greater volume than the rally from the left shoulder. Ultimately, the inverted right shoulder should register the lightest volume of all. When the market then rallies through the neckline, a big increase in volume should be seen.)

NoBoundaries,

Not classical,but will do.......stop loss would be below 305,tgt would be around 400(using what's given in the books),or trail stop using whatever methodology you follow till out.

Saint

 

[newbee]

Carry on with your journal,my friend.....and all the best!

Saint

Hello Saint,

Its so nice of you to personally reply to all the posts in your thread.

Its rare to see a name fit a person so aptly.

Thanks

nb

 

[rinv]

Just observed a descending triangle thats forming in Dr Reddy's in the weekly. If it goes below 625, i think we may see more downside.

Will look for confirmation of the same from the crowd.

 

[munde_77]

NoBoundaries,

Not classical,but will do.......stop loss would be below 305,tgt would be around 400(using what's given in the books),or trail stop using whatever methodology you follow till out.

Saint

U r really great and doing great service here..........

I need coaching and trainining for day trading............where can I get. How can I improve my skill for day trading.........

 

[noboundries]

Sir Saint,

Please do comment on the chart of BINDAL AGRO DAILY for cup and handle formation what shold be s/l,trigger price and likily target of this pattern.

thanks

http://www.traderji.com/attachments...le-formation-bindal-agro-daily-cup-handle.jpg

 

[Saint]

Hope each and everyone has a definite trading plan written down.As the famous saying goes,"Plan your trades,and trade your plan."

"Fail to plan and you plan to fail."

A trading plan template from Tim Wilcox below.......

http://www.trade2win.com/media/knowledge/tim-wilcox/T2W_Trading_Plan_Template_2005.pdf

Forget about trading if you have no plan............most important,......although gut feel tells me that the majority would never even bother going to the link above.

Hmmm,why again is it that the majority fail at the markets......Coz they fail to plan,and therefore plan to fail!!

Saint