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

[rangarajan]

Thank you djsinha for the additional material.Very good stuff.
Look forward to more from you.

 

[djsinha]

Thank you djsinha for the additional material.Very good stuff.
Look forward to more from you.

Thank you Rangarajan for those warm comments. You are most welcome.

 

[Saint]

Wonderful Saint. The trendline-trading this counter for nearly 1 yr and exiting on the ascending wedge breakdown towards the right side of the chart is just superb. Hats off to you.
I want to just add something. Prices are seen to rise parabolically here. By parabolic rise, I mean, if you look at the treandlines you'll find that:

slope of trendline 3 > slope of trendline 2 > slope of trendline 1
(I've marked trendlines 1,2 and 3 in the attached pic for your easy reference.) Now the rule here is that, in case of parabolic price rises over a period of time, once your steepest trendline gets broken on the downside, exit fully.
Here our steepest trendline is trendline-3. So Rangarajan, even if you have entered at 280 levels on 2/11, you have a signal to exit on mid-November, when that long black bar (encircled one in the pic) breaks trendline-3 on the downside. May be you could have exited half or one-third on this signal and the other half or two-thirds on the asc wedge breakdown as was nicely pointed out by Saint.

Cheers
D. J. Sinha

Great going,DJ.......Your Inputs,as always,most appreciated.Keep em coming!

Saint

 

[Saint]

Thank you Saint,
I was wondering as to why you had not replied.
As usual .Very good teaching for future guidance with visual chart.
I did exit @255 with loss.
your initial lesson on pivot,did not say this aspect of slope gradient ,wedge etc.
Men become wiser by experience & i am no exception!
Many so called stalwart analyst gave a BUY call at 280 with Tgt beyond 300.
You have now taught when to exit aswel if the trade is against you.
By the way Saint,pl accept my compliments once again on yr knowledge sharing on pivots,i am a more confident trader & Investor nowadays ,courtesy Saint.
Happy trading.

Thanks for all the kind words,my friend......Sorry for the delay,and lack of anything substantial in this thread last few weeks.In the middle of shifting countries,can be a real headache!

Saint

 

[djsinha]

Great going,DJ.......Your Inputs,as always,most appreciated.Keep em coming!

Saint

Thank you Saint for your hearty compliments.
Cheers
djsinha

 

[uasish]

Thanks for all the kind words,my friend......Sorry for the delay,and lack of anything substantial in this thread last few weeks.In the middle of shifting countries,can be a real headache!

Saint

Atleast now you are in India & may be some day come to Kolkata.

 

[johnbest]

Hi! Raju,

Have uploaded the file again. Here is the link ...

http://www.4shared.com/file/32274581/81750686/Saint.html

Cheers ...

Dear gobatman2001

pls upload it again as it is not there.....

have a nice day
JB

 

[solankirobin]

the Quote is Good has simple and deep meaning to it

 

[gupta.deep]

Hi Saint,

Hope you are doing fine....

I have some doubts about trading the pivots or trading the trendlines. Pls see the attached weekly chart of nifty futures - near month, for last 5 years. I have drawn a trendline which has upheld itself for the last 5 years. This time too, the market fall, after breaking pivot lows, has now come up to the trend line.

My confusion is : Can a bounce up from this trend line qualify as a start of uptrend, or should we wait for higher pivot highs to be formed? In other words, Can we trade this trend line or should we wait?

Basically, in other words, what is more important? Trendlines or pivots?

Also, since I consider this trendline to be a very basic trendline and which has upheld the test of time, is it more important than the shorter term trendlines.

Hope I have made myself clear.

Regards,
SKG

 

[djsinha]

Hi Saint,

Hope you are doing fine....

I have some doubts about trading the pivots or trading the trendlines. Pls see the attached weekly chart of nifty futures - near month, for last 5 years. I have drawn a trendline which has upheld itself for the last 5 years. This time too, the market fall, after breaking pivot lows, has now come up to the trend line.

My confusion is : Can a bounce up from this trend line qualify as a start of uptrend, or should we wait for higher pivot highs to be formed? In other words, Can we trade this trend line or should we wait?

Basically, in other words, what is more important? Trendlines or pivots?

Also, since I consider this trendline to be a very basic trendline and which has upheld the test of time, is it more important than the shorter term trendlines.

Hope I have made myself clear.

Regards,
SKG

Hi SKG,
Though it's addressed to Saint, I'll try to answer your question, offcourse if Saint doesn't mind. Since the price touched the trendline and bounced from it, you are getting an idea that this long term trendline still acts as a support. In simple words this means that the long term uptrend is still intact.
Having got this idea, now you shud now look into the daily chart/ weekly chart to find out pivot points and trade those pivot points accordingly.
Saint pls point out if I'm wrong.

Cheers
djsinha