The Starving Trader!

[thestarvingtrader]

Weekly SETUP - March 21 to March 25, 2011

The Starving Trader's Weekly Setup for the week of March 21 is in. In this week's article he anticipates the following:

- A slightly higher weekly close by the NIFTY on the weekly chart after it moves slightly lower first

- Anticipated trading action in JPASSOCIAT, ICICIBANK, IDFC, and the Silver Micro Commodity. Unfortunately, he tried copying over the HTML for the tables but the blog editor garbles it badly. One will have to go to the blog by clicking on his profile name above in order to get the details. He's working on a way to post that information here - perhaps individual screenshots are in order? Any suggestions?

- For those who missed last week's review, don't forget to check out the previous Weekly RECAP article for the "Trade of the Week" which was a planned Short (and Long) on the Silver Micro.

Right, looking forward to your comments and suggestions. Keep an eye out for any updates by checking the "Status" column - for e.g. if the risk:reward ratio is no longer adequate the trade will be "Abandoned". Also, the Friday recap article should cover all the trading action that took place.

May your trades be green!
The Starving Trader

 

[rajgreenpeace]

Re: Weekly SETUP - March 21 to March 25, 2011

The Starving Trader's Weekly Setup for the week of March 21 is in. In this week's article he anticipates the following:

- A slightly higher weekly close by the NIFTY on the weekly chart after it moves slightly lower first

- Anticipated trading action in JPASSOCIAT, ICICIBANK, IDFC, and the Silver Micro Commodity. Unfortunately, he tried copying over the HTML for the tables but the blog editor garbles it badly. One will have to go to the blog by clicking on his profile name above in order to get the details. He's working on a way to post that information here - perhaps individual screenshots are in order? Any suggestions?

- For those who missed last week's review, don't forget to check out the previous Weekly RECAP article for the "Trade of the Week" which was a planned Short (and Long) on the Silver Micro.

Right, looking forward to your comments and suggestions. Keep an eye out for any updates by checking the "Status" column - for e.g. if the risk:reward ratio is no longer adequate the trade will be "Abandoned". Also, the Friday recap article should cover all the trading action that took place.

May your trades be green!
The Starving Trader

please dnt advertise here ur blogs...:annoyed:

 

[MurAtt]

Re: Weekly SETUP - March 21 to March 25, 2011

please dnt advertise here ur blogs...:annoyed:

I doubt he is advertising his blog here Raj.
Its just that he is transferring some of his posts here from his blog.
THis will be a two way affair imo .... his benefit would be that his oversight at the blog may be caught here ... your/TJ members oversight somewhere could be caught by his viewpoint here ...

many members here have a blog ... run a website etc etc.

also he has not given a direct link ... its legal the way he has put it .. so ...



bura mat maanna .. holi hai bhai ..

 

[thestarvingtrader]

Murtaza is absolutely correct!

@rajgreenpeace: The Starving Trader recommends that you test his resolve by asking questions that you might have about trading or by sharing your trading opinions with us all. You will realize that this thread is far from an advertisement. If it was intended to be one The Starving Trader would simply post a link here and be done with it. He is here to share and learn, and as Murtaza stated, lots of people have websites on here but the website code cannot be copied over into this editor. This has to be a 2 way operation, then, unless you can suggest alternate ways.

 

[rajgreenpeace]

leave it .......go ahead.......but m totally differ with u......if u want to help u can do it in different way.....u know it better.....

 

[thestarvingtrader]

Hey all,
The NIFTY is bouncing from the lower 5300s, just as expected (although it got to 5348 only).

By the way, The Starving Trader would also like to use this thread as a day trading support thread for the days when he is day trading. He will begin posting at around 0900 in the morning with analysis of the market and then pick out stocks to trade as the market gives us direction. Bear in mind that The Starving Trader does not day trade everyday. He hopes some good ideas will come during the course of the day that wil benefit all day traders in this thread, himself included.

He is not day trading today

Also note, that he usually prefers not to trade the opening hour and waits for the market to decide what it wants to do first. Around 0930-0945 is an ideal time to plan out the action. Stay tuned! As an fyi, his day trading routine includes, simply:
- Determine NIFTY dominant trend (daily chart)
- Determine NIFTY Intra-day trend (Hourly and first few candles on 10 minute chart)
- Determine NIFTY extremes for the day (daily/hourly charts)
- Determine at least 1 leader and 1 laggard stock that shall be used to trade in either direction depending on the NIFTY's move
- Scan News for upcoming events related to the stocks for the day, or major economic events
- Look for risk:reward before taking the trade

Should be exciting. Looking forward to our first mutual day trading session together

The Starving Trader

 

[sumosanammain]

I simply hate the egoistical third person context. Sounds conceited. Just my view, you may write as you wish. Sounds sick though.

 

[Smart_trade]

Everyone in this forum has to follow certain rules. And the rules must be followed in its spirit.......

Frequent reference to outside blog will be considered against the rules of our forum.

Hope all concerned take note .....

Smart_trade

 

[thestarvingtrader]

I simply hate the egoistical third person context. Sounds conceited. Just my view, you may write as you wish. Sounds sick though.

@sumosanammain
The intent of third person reference is to create a humorous context for a fallible person's attempts at day trading. Perhaps it is a poor attempt at humor, but it is to be taken only as an attempt at humor, nothing more! There is nothing condescending to others about the content of the articles as you will realize once you've read them. As far as conceited is concerned, well: The results are laid bare for all to see so that removes any basis for being conceited. You are free to mock The Starving Trader's failures as you wish He will take it in good stride.

 

[thestarvingtrader]

Everyone in this forum has to follow certain rules. And the rules must be followed in its spirit.......

Frequent reference to outside blog will be considered against the rules of our forum.

Hope all concerned take note .....

Smart_trade

The Starving Trader shall take heed and indulge in minimal references to the blog. His intentions are just honest trading and opinion sharing. Spamming is a lowly activity that he refrains from.