The Holy Grail

Discussion in 'Words of Wisdom' started by intellibitz, Aug 1, 2011.

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The Holy Grail

  1. The Holy Grail DOES NOT EXIST

    76 vote(s)
    48.4%
  2. The Holy Grail EXISTS

    13 vote(s)
    8.3%
  3. The Holy Grail EXISTS AND I KNOW IT

    27 vote(s)
    17.2%
  4. The Holy Grail EXISTS AND I DON'T KNOW IT

    14 vote(s)
    8.9%
  5. Don't care

    27 vote(s)
    17.2%
  1. intellibitz

    intellibitz Well-Known Member

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    Second its very important to learn some basics,

    Price = Open, High, Low, Close, Higher High, Higher Low, Lower High, Lower Low
    Volume = Strength, Weakness, Heavy, Light
    Time = Hourly, Daily, Weekly, Monthly, Yearly

    Trend, CounterTrend, Major Trend, Minor Trend, UP, DOWN, SIDEWAYS
    Support, Resistance, Major Support, Major Resistance, Minor Support, Minor Resistance

    Please add more if some basics have missed.

     
  2. Debarghya Mukherjee

    Debarghya Mukherjee Well-Known Member

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    You said right. "intellibitz" why don't you make nice post on Eliot Wave then most the things you said here be clear to new users (if you get time).
    :)
     
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  3. intellibitz

    intellibitz Well-Known Member

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    2011 - euro crisis
    2008 - housing bubble
    2000 - dot com bubble

     
  4. intellibitz

    intellibitz Well-Known Member

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    Second its very important to learn some basics,

    Price = Open, High, Low, Close, Higher High, Higher Low, Lower High, Lower Low
    Volume = Strength, Weakness, Heavy, Light, High, Low
    Time = Hourly, Daily, Weekly, Monthly, Yearly

    Trend, Counter Trend, Major Trend, Minor Trend
    Support, Resistance, Major Support, Major Resistance, Minor Support, Minor Resistance
    Gap Up, Gap Down, Range, Breakout, Pullback, Reversal, Flow
    Accumulation, Distribution, Institution Buy Sell, Short Selling Covering

    Please add more if some basics have missed.
     
  5. intellibitz

    intellibitz Well-Known Member

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    Interesting poll results so far,

    Out of 14, 4 say it exists. AND 3 say they know it!

    The majority doesn't think so.
     
  6. niftyoptionstrader

    niftyoptionstrader New Member

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    it is not surprising that majority do not believe that there is a holy grail of achieving trading success.......afterall majority of traders do not achieve trading success.......those who do succeed stop searching for the holy grail....and believe that the system they have formed is the holygrail and then stick to it with that belief........again another point is ....what is your definition of a holy grail.....no not a system that never produces a losing trade.....in my book it is some thing like this.....say you start with a capital that is double of the total margin required to trade one contact....if trading one contract using your system results in profit equal to your capital within a specified time ( depending on your risk appetite,but say something less than six months) it qualifies to be considered as holy grail.....well you may blow out the entire capital several times before getting into the groove....once you have earned the right to trade one more contract this way...see if the same thing can be done again....finally the key is finding your cruising level where you hold the capital steady.... ( even after blowing out the capital for 3 or 4 times if you are not able to figure out the winning ways perhaps the best thing would be to call it quits !! )
     
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  7. intellibitz

    intellibitz Well-Known Member

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    Dejavu! Some one else said the same thing, and let me also tell you the same :)

    Go ahead WM, all views are welcome here.

     
  8. intellibitz

    intellibitz Well-Known Member

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    Its wise to learn from others

    http://www.traderji.com/futures/23050-lesson-others-learn.html


     
  9. intellibitz

    intellibitz Well-Known Member

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    http://www.traderji.com/risk-money-management/30331-risk-reward-ratio.html

     
  10. intellibitz

    intellibitz Well-Known Member

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    http://www.traderji.com/trading-psychology/56533-day-trading-psychology.html

     

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