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

[shekharinvest]

Hi everybody,

It is my first post in so many days. I take this opportunity to thank praveen for directing new comers like me to this thread and other useful links.

Once again thanks to praveen and so many thanks to saint for wonderful initiative.


hope is eternal!

 

[soppimath]

It is real eye opener for beginners and a pearl centre.

 

[shekharinvest]

Dear Saint,

For the last two days I am going through your posts (from the begining) in this thread it has been an educating experience.

Trading is broadly divided into
i) Intraday/ day trading
ii) swing trading
iii) momentum trading etc.

What is the difference among them? Do we need to apply TA differently ? or There are altogether different sets of rule for each kind of trading ?

hope is eternal !

 

[newbee]

Hello

DB & DT patterns seem to work quite well, intraday. How effective are these Ws & Ms on EoD charts?

Intraday chart with 5 minutes time frame, and a close up of the daily chart.

Thanks
nb

 

[Saint]

Sorry for this long delay.....shall look into the queries in the morning.

Saint

 

[munde_77]

The last few days with Nifty futs....

Saint

Thank you Sir, for nice chart and especially for tecahing.

 

[newbee]

Sorry for this long delay.....shall look into the queries in the morning.

Saint

Hello SAINT

The question of Time Frame selection keeps coming back. Always get the same answer, whatever you are most comfortable with. Agree and accepted.

The smaller the TF, the greater the number of wipsaws and number of trades adding to cost. The higher the TF, bigger will be the distance of the stop thus increasing the initial risk.

This is what i saw on yahoo 1 day and 5 day charts, I think by default they give 1 min and 5 minute candle. Know, its been repeated many times, but if you can add your comments on TF selection, will be very helpful.

Thanks
nb

 

[newbee]

Hello

DB & DT patterns seem to work quite well, intraday. How effective are these Ws & Ms on EoD charts?

Intraday chart with 5 minutes time frame, and a close up of the daily chart.

Thanks
nb

Hello

Days like this make trend following worthwhile, just follow the price action, yes we do need to know our time frame .

Do, we get a retracement to 5730-50 from here ?


M, Loving iT

Thanks
nb

 

[Saint]

Hi Saint,

Thanks for the charts!!!!

You are closing positions by the EOD. Is it because of volatility and market is gap opening frequently, hence intraday trades??

Thanks,
Amit

Hi Amit,

Usually indulge in all three,intraday,swing and position........but Nifty futs I am in and out by the end of the day.

Saint

 

[Saint]

Hello Saint

Thanks for the chart.

nb

Most welcome,my friend...

Saint