Trade Learner

Another post full of insight and reflecting the depth of knowledge. But surely its easier said than done.

tanx a lot sir
for the contribution for learners like me

after u become pro.........just stop slippage from there..........basically to follow a checklist,follow ur system diligently.........dont be extra smart to self sabotage.
................
u must have some relaxation which is noway relate to trading to stop burn out of u.
some follow outing...........some help fellow trader......some does backtest........some reads book.
.............
but when they comeback again............all r extra committed.
.....................
if u have time just read other threads on journey of a trader.
..............
goodbye

have u seen some trader-scalper?
..........basically they r good at computer signal based trading,easily implement stop,stick to strong zone intraday......normally have zero opinion.mostly stick to specialist.
................................
short term trader...........primarily trade based on momentum,.5/1hr chart ......signal validity........10..15hr,study eod to find out candidate.....in market hr use predefined confirmation for entry /exit.
position trader.......he knows what he is doing.........experience taught him when to enter and exit. at dynamic support..........enter considering little fall is possible, or take high probability break out trade.........mostly they use eyeball/direct price study .

there is another neobuddist/intellect persuation...........currently developing in indian hype..........trading best on expected result/after result move.here they sought with news how price shall react ........prescribed continuity ,some time try to outguess market........mostly lose money.on the contrary.........safe buy like fm when market falls r safer method[contrarian]

just see ranbaxy............to understand its strength

so u have seen ranbaxy,..............now ifci

how market is behaving?........
a short term strength.........enter in bullside with tight stop

It is heartening to know that dedicated people are trying.Plz go thru Saints basic thread once again.Frankly i had lots of Dark days infact innumerable & i used to wrongly believe that i am one stop behind finding the Ultimate Indicator.
In this Forum many seniors ,who dont know till date,have indirectly guided me thru their post.The concept changed.
Mkt moves in a fashion of it's own,we do not try to predict it but follow it,say it went upto a certain price & the next candle / bar could not sustain & falls below the earlier few bars ,established gradient (the gradient eastablished by the earlier candels),that is a SMS by the Mkt,now we are to watch carefully whether this was a one off & see the next ongoing bar.
Now we can see the start of a temporary down move.
Remember Mkt ,in most of the time it will always make a second attempt towards the earlier Up move.We are now ready to take a Short Entry hence wait for Mkt to make a small upmove ,there with a Wide Eye we make a Short Entry ,though our eyes are wide we shrewdly calculate the Stop Price BEFORE initiating the Trade if within our Money Mgmt. discipline ,we simply pull the trigger ,no hesitation no 2nd thought & after the trade instantly put the Stop order,becoz Mkt has told us the LIMIT area of it's Upmove.
Plz bear with this Advisory type post.

Asish

N.B. We must be aware of the Resistance areas becoz,even in a Strong Upmove it may get stalled for few bars at the Resistance area,hence reaction to Resistance area may not always be a Down move but Respecting the Resistance area.
..................................
write it daily ...........before 9-55 until u can quote them in dream
............................
read saint/uasish/cv/traderji..........assimilate........u shall be a trader

I normally detest distributing ADVISE,as you are a staunch follower of Kolkata Meet i have a Moral responsibility.

Never do we trade Indicator / Osscillators / Pattern / etc.We should have this Mind-Set that we should never try or Dream of trading with Indicators.
Any Indicator even a conventional MACD is just good enough to Trade Mkt.
We trade Price & Price have a PERSPECTIVE ,that is the Bigger picture.If you cant see the bigger picture in one cursory glance to a chart then be assured you have to have more 100 hrs of Screen time,under your belt,otherwise use a Longer period MA to guide you about the bigger trend.
Here to determine the Perspective ,i have seen many old traders of my age use simple Pivot only to determine the Bigger picture ,there analogy if the Price is below pivot ,then bigger picture (-)ve & they will trade towards S1.


In many of my chart people may have seen a Money Management tool,if above that Stop then my Longs will be more if below my Shorts will be more,if below Stop i intend Long then normal qty,if above Stop i initiate Short Qty would be normal.That also helps me to see the Bigger picture the Perspective the Back drop.

Now 2nd stage is identifying the Trend ,how ? by Saint's method,HH HL or LH LL ,simple no damn indicator only Price action Nothing else.

We now have the Bigger picture we also have the Present Ongoing Trend in Wave forms.
If you cant see the Trend use Kolkata Meet to SHOW YOU THE SAINT'S PIVOT,the indicator shows you the Pivot points.

Now we are to initiate the Trade TOWARDS the Bigger picture in the Ongoing waves reversal zone.Say we intend to Long & Mkt moving Down wait & wait until you get HH & HL .Remember we do not trade whenever Close above Kolkata Meet but we wait to get our HH & HL .Then ONLY after you get the Ongoing Wave also Conforming TOWARDS the Bigger picture you may need a TOOL to trigger your Entry Point ,at that point even a conventional MACD if gives Buy signal we take it becoz the EDGE is already there ,the Chances of Win are more,hence any Tom Dick & Harry indicator osscillator pattern will Do,will suffice our need of a Trigger.
There you can use Kolkata Meet.

Remember even when we get HH / HL & the Bigger picture is for Short ,we do not LONG but Wait for the Short,to get the Edge in our favour ,both PERSPECTIVE & Ongoing Wave are to be in SAME direction.

My Subjective ADVISE.

AsishA GEM TO ALL TRADE-LEARNER]