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New Intermed Uptrend!!

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  #981  
Old 3rd October 2005, 09:23 PM
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Default Re: New Intermed Uptrend!!

Kindly Have Your Views About Spic And Centurian Bank In The Long Run


Regards

Sureshib
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  #982  
Old 3rd October 2005, 09:25 PM
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Default Re: New Intermed Uptrend!!

Kindly Have The Minimum Requirements To Start The Share Trading Business Through Internet Online And Where To Contact For Help?

Regards,
Sureshib
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  #983  
Old 3rd October 2005, 09:26 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by sureshib
Kindly Have The Minimum Requirements To Start The Share Trading Business Through Internet Online And Where To Contact For Help?

Regards,
Sureshib
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  #984  
Old 3rd October 2005, 10:48 PM
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Default Re: New Intermed Uptrend!!

Quote:
2) reward to risk ratio
Hi Ragh Ash,

RISK is nothing but the amount of money that you could lose in any particular trade.

REWARD is nothing but the amount you stand to make if the trade goes as per plan.

RISK-REWARD RATIO is nothing but the amount of money you could lose as compared to the money you could make.
RISK-REWARD RATIO has to be better than 1:2 or greater ,in position and swing trades.In day trades,R:REW=1:1 at least.

Therefore in that ISPAT INDS example,the stop loss is at 11.The entry is at 13.The target is at 20.Therefore,the RISK=Rs2,and the REWARD=Rs 7,therefore the risk reward ratio=2:7=1:3.5(greater than 2 ,so the trade is worth a shot).

Measuring Risk and Reward is important before putting in atrade,so that we can assess if the risk in putting our money on the line is worth it or not.

Happy Trading!
Saint
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  #985  
Old 3rd October 2005, 10:56 PM
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Default Re: New Intermed Uptrend!!

Quote:
3) breakout (is 189 in above is absolute or is it give or take a few points here or there) this question b'coz some time back got bashed for buying maars at 7.3
Hi Ragh-Ash,

I understand the doubt.........when I say buy a particular stock if it crosses 189,it means buy at 189.4,189.8,190,192........but of course,not 250 and 350 for sure......

And my friend,....not a bashing,just a tap on your wrist........only out of concern.

Saint
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  #986  
Old 3rd October 2005, 11:08 PM
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Default Re: New Intermed Uptrend!!

Saint

very nicely explained in such simple terms...great work, my friend...Ever thought of writing a book..."Trading and Technical Analysis for Beginners"...? I will take the publishing rights...and I can plan my early retirement... ....and a nice cozy house on the backwaters of kerala...

warm regards

karthik
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  #987  
Old 3rd October 2005, 11:12 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by saint
Hi Ragh-Ash,

I understand the doubt.........when I say buy a particular stock if it crosses 189,it means buy at 189.4,189.8,190,192........but of course,not 250 and 350 for sure......

And my friend,....not a bashing,just a tap on your wrist........only out of concern.

Saint
thx saint,
am still waiting 4 full reply
but this is great stuff(u must have heard this n number of times) but really pal u r attitude is something i am trying to imbibe. patient, sharing all that
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  #988  
Old 3rd October 2005, 11:25 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by comerciante_inde
Saint
The kind of appreciation that you've got in these threads forces me to ask a couple of queries regarding some stocks. Hope you don't mind this trouble.

> IFCI - what is you view on this stock.
> Reliance Capital - Is it expected to remain rangebound for sometime.

I am also very keen to know whether you track the wonderful commodity markets.

Million Thanks
Cheers
Hi Commerciante Inde,

Will come to your queries a bit later..............as for the commodity markets,don't know much about it.But still track the Gold market........am no expert in the Gold Futures,but have a number of Gold stocks with me (trading in the nyse).Piled on to physical gold at 303 when monthly charts started making a double bottom and moving into a new uptrend and silver at 5,when charts started following gold up....and so far enjoying the ride up.Well other than Gold and Silver,don't usually track the Grains ,etc.

REL CAP:In a very strong primary uptrend........taking a breather right now as its monthly charts have started to correct.Still some way to go for the correction.......consolidating via price or time.Looks good especially if this area of 365-370 holds as support........If in already,and you're along term player,it's HOLD.

IFCI:This has been in a long downtrend from 1998 and found a bottom in 2001-2002.2003 has seen IFCI threatening to start a new uptrend......so far a nice higher pivot low on the monthly and looking good for higher prices if you are a long term player.Amonthly close over 20 is confirmation of anew uptrend.........looking good,is a HOLD if in already.

Happy Trading!!
Saint
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  #989  
Old 3rd October 2005, 11:35 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by karthikmarar
Saint

very nicely explained in such simple terms...great work, my friend...Ever thought of writing a book..."Trading and Technical Analysis for Beginners"...? I will take the publishing rights...and I can plan my early retirement... :....and a nice cozy house on the backwaters of kerala...

warm regards

karthik
lol Karthik........ .Trading is actually very simple,not easy but simple......Sadly,we complicate matters,then try to simplify things by complicating things further. Keep things simple........Buy when the entry point is hit,Sell when the stop is hit,Share size as per your rules....make sweet profits.....Then do it again and again.....

Saint
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  #990  
Old 3rd October 2005, 11:57 PM
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Default Re: New Intermed Uptrend!!

Hi Ragh_Ash,

Quote:
4) how do u calculate/predict a pull back. i mean u go to previous support?
A trending move up makes higher highs and higher lows.......every bar/candle has a high that is higher than the previous bar/candle's high and a low that is higher than the prev bar's low.We have therefore an upward move.......The bulls are in control.Let's take ABB as an example......higher highs and lows till Sept 12th.

Then on Sept 12th,we have an inverted hammer(if you follow Jap Candles)....which represents bull fatigue and increasing bear strength....as the daily charts prepare to pullback.

From Sept14h,we have lower highs and lower lows.This is called a pullback.......

So,a pullback is nothing but a decline in stock price after a move up,thereby forming lower highs and lows on individual bars/candles,not falling more than 35-50% of the prior upward move to still retain its bullishness.


From volume perspective,the move up comes on strong volume,while the pullbacks happen on lesser volume........This indicates bullishness,as it's matter of time before the bulls come rampaging back after their rest.

Whether the prices stop at previous support or the next one or the one after that,nobody knows,my friend........we wait for the pullback,and once prices begin to show upward movement again,we enter the stock and ride the trend!!

Happy Trading!!
Saint

Last edited by Saint; 4th October 2005 at 12:03 AM.
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