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

[shivaraja]

Thanks Saint for your explanation on the chart...it looks simple for a learner in trade to understand!

-Shivaraja

 

[kyakaregapandu]

Dear Saint Sir,

I have posted a message. The url is http://www.traderji.com/equities/16046-what-crash-2.html#post122852

Can you help me by replying please.

Thank you,
Pandya

 

[sreperu]

Hi saint,
I have done some of the trades recently in Nifty futures. My trading plan worked me upto 15/10/2007. After that I made loss with the Nifty futures.

Here is my trading plan which I followed:
1.Trend : long trend is up and intermediate trend is also up
2.I use EOD charts to trade and every day it was making new HHs and HLs.
3.The above concept triggered me to enter the trades in between because of the intraday volatility.
4.I used intraday volatility to get the profits from the trading
5. Whenever Nifty was down or made intraday low, I had taken the positions in the nifty futures for the next 100 pts to make profit before it closes.
6.But on 17th, all my profit is gone and I was scared with that type of the move and then all of a sudden I closed my positions with loss eventhough Nifty closed at 5500+.

Here I want to improve my trading with above scenarios where I was not able to put the stop loss also. Could you please guide me on how to tackle the above situations?

Do I have to use intraday charts if I want to trade intraday?

Regards
Sreeny

 

[vincentpaulfrancis]

thats great. informative tips

 

[Saint]

Hi saint,
I have done some of the trades recently in Nifty futures. My trading plan worked me upto 15/10/2007. After that I made loss with the Nifty futures.

Here is my trading plan which I followed:
1.Trend : long trend is up and intermediate trend is also up
2.I use EOD charts to trade and every day it was making new HHs and HLs.
3.The above concept triggered me to enter the trades in between because of the intraday volatility.
4.I used intraday volatility to get the profits from the trading
5. Whenever Nifty was down or made intraday low, I had taken the positions in the nifty futures for the next 100 pts to make profit before it closes.
6.But on 17th, all my profit is gone and I was scared with that type of the move and then all of a sudden I closed my positions with loss eventhough Nifty closed at 5500+.

Here I want to improve my trading with above scenarios where I was not able to put the stop loss also. Could you please guide me on how to tackle the above situations?

Do I have to use intraday charts if I want to trade intraday?

Regards
Sreeny

Hi Sreeny,

Shall post the daily charts of NIFTY and an answer,.....but after mkt hours.

All the best!
Saint

 

[bharmf]

Preaveen,

Good.. i learned lot from this...

Great!!!

Thanks

 

[Saint]

Hi saint,
I have done some of the trades recently in Nifty futures. My trading plan worked me upto 15/10/2007. After that I made loss with the Nifty futures.

Here is my trading plan which I followed:
1.Trend : long trend is up and intermediate trend is also up
2.I use EOD charts to trade and every day it was making new HHs and HLs.
3.The above concept triggered me to enter the trades in between because of the intraday volatility.
4.I used intraday volatility to get the profits from the trading
5. Whenever Nifty was down or made intraday low, I had taken the positions in the nifty futures for the next 100 pts to make profit before it closes.
6.But on 17th, all my profit is gone and I was scared with that type of the move and then all of a sudden I closed my positions with loss eventhough Nifty closed at 5500+.

Here I want to improve my trading with above scenarios where I was not able to put the stop loss also. Could you please guide me on how to tackle the above situations?

Do I have to use intraday charts if I want to trade intraday?

Regards
Sreeny

Sreeny,

By enter,and take positions,do you mean "long"?

Would be great to have the charts posted so that I can see what you see.....

And yes,Intraday trading needs intraday charts......unless there are some who have figured some other way.

Saint

ps:Waiting 4 the charts ...

 

[Saint]

Shunned that niggling thought of getting disasociated from this forum,becoz of these gems from you.
After many months seeing the dazzling Saint ,from whom i have learnt,one of my Gr8 Teacher.
In my dark days i read few threads from the 1st post ,repeatedly to assimilate & digest,your thread is one of those.

Very kind words,my friend.....most of which I do not deserve.

Saint

 

[Saint]

Hello Saint

Thanks for the charts, its a feast for me this festive season, Diwali's come early.

Such gr8 support and help from gr8 souls on this forum.

To do list consists of studing ID charts from Saint, U Asish, CV and completing the Plan document.

Just wish have 48 hrs days... so much to learn, absorb.

Thanks
nb

Admire your enthusiasm and diligence,nb.......wishing you all the best and success on your path to Trading Mastery.

Saint

 

[Saint]

Dear Saint Sir,

I have posted a message. The url is http://www.traderji.com/equities/16046-what-crash-2.html#post122852

Can you help me by replying please.

Thank you,
Pandya

Hi Pandya,

Nah....nothing like that.Just that for the longer term players who have taken profits off the table,and will not go short as they are in a Primary Bull Mkt......well,good time to go to Phuket (like our dear friend,Raj)for a short holiday while the mkt plays out.

But not too long..........this correction becomes a neat buying opportunity(Not yet!).Wait n watch mode for now.

Saint