New Intermed Uptrend!!

djsinha · #**4271** 27th May 2008, 02:14 AM

Quote:

Originally Posted by Saint

Yep,DJ.......ABAN in an intermed uptrend,daily in an uptrend with a decline in progress.Two ways to enter on this one:1.60min trend is down......Buy over a previous pivot high and then add more once prev pivot high on the daily is taken out.Stops as per daily charts.2.Buy once newer highs are made on the daily with stop at recent pivot lows.

Saint

Just awesome, Saint. Crystal clear now. Thanks a lot.

Cheers
D J Sinha

Saint · #**4272** 27th May 2008, 02:17 AM

Quote:

Originally Posted by jamit_05

Hi Saint,

This response " .. there are better ones out there to visualise and trade..... " has been spinning my wheels for quite some time now.

Could you please explain the core idea behind selecting stocks to trade. You have said that the chart has to be clear. By "clear" do you mean that the recent pivots must form a decent gradient (in reference timeframe) and that, at the very least should not be range bound?

Please throw a lot of light on this. It seems this part of the process makes all the difference.

Amit.

Ah,Amit,don't let anything spin your wheels,my friend.

Clean:An uptrend is made up of higher pivot highs and lows,downtrend lower pivot highs and lows.........the action is smooth.Curvature,gradient all smooth........not scratchy,lines all over the place.

Ugly:Scratchy,lines taking out previous pivot highs,next day previous pivot lows......too many gaps,lines,no clear cut patterns,etc

In a nutshell,look for charts that allow you trade without giving you nightmares..........There are charts out there with beautiful patterns and pivots,and then there are the others.........

Sorry for being as vague as possible..........difficult to communicate beauty or anything abstract except by "not this,and not that".......more of indications,pointers,.............not really descriptions and definitions.

Just keep track of the yummies and the uglies as I keep shooting my mouth off........think you'll find the pattern of what I am looking at and what I am pointing to.

Saint

Saint · #**4273** 27th May 2008, 02:22 AM

Quote:

Originally Posted by milkyblack

Even I am with jamit!

Out of so many stocks it is humanly impossible I think to find out when one is about to enter an UT/DT or break a pivot etc etc etc...
So it would be really nice to know wht conditions to feed into the query to get the list of potential candidates for a good move...
If not query then how one should do it?

I think this is what even jamit meant!

Regards

Ah,MB........I look through the whole lot on the weekends,zero it down to a few and then keep track through the week if entries and exits are met.

No feeding in ....... just scan through them,and the yummy ones leap out of the charts begging for an entry into them.

Saint

ps:think there are softwares and the works that you can feed in whatever,and help to zero things down......I think......do find out.For me though,........eyeballing is everything.

rakeshluthra430 · #**4274** 27th May 2008, 12:59 PM

Quote:

Originally Posted by Saint

Ah,Amit,don't let anything spin your wheels,my friend.

Clean:An uptrend is made up of higher pivot highs and lows,downtrend lower pivot highs and lows.........the action is smooth.Curvature,gradient all smooth........not scratchy,lines all over the place.

Ugly:Scratchy,lines taking out previous pivot highs,next day previous pivot lows......too many gaps,lines,no clear cut patterns,etc

Saint

As an example... look at daily charts of TATA CHEM, SESA GOA, MAH LIFESPACE.
Now, compare these charts with those of AIA ENGG, EKC....

milkyblack · #**4275** 27th May 2008, 01:14 PM

Quote:

Originally Posted by Saint

Ah,MB........I look through the whole lot on the weekends,zero it down to a few and then keep track through the week if entries and exits are met.

No feeding in ....... just scan through them,and the yummy ones leap out of the charts begging for an entry into them.

Saint

ps:think there are softwares and the works that you can feed in whatever,and help to zero things down......I think......do find out.For me though,........eyeballing is everything.

Thanks Saint, letting know how you choose stocks!
That requires lots of hard work! So you must have some stocks in the list... say the futures stock which you go through the weekend right? Else it is difficult to go through thousands of stocks rgt?

Well no substitute for hard work... tht is the messege

from your side!

Regards

jamit_05 · #**4276** 27th May 2008, 04:52 PM

Quote:

Originally Posted by Saint

Good eye,Shirurkar.........both looking good.Ispat especially nice.....probably joining you on this one and adding more over 38.

Saint

Hi Saint,

In the above post Ispat seemed "especially nice". Pls explain.

The stock is in daily down trend after the Red Horizontal line in the attached chart. However, the bar of 22nd May had record volumes and was a strong up bar. Is that one single bar convincing enough?

Amit.

jamit_05 · #**4277** 27th May 2008, 05:00 PM

Quote:

Originally Posted by Saint

Ah,Amit,don't let anything spin your wheels,my friend.

Clean:An uptrend is made up of higher pivot highs and lows,downtrend lower pivot highs and lows.........the action is smooth.Curvature,gradient all smooth........not scratchy,lines all over the place.

Ugly:Scratchy,lines taking out previous pivot highs,next day previous pivot lows......too many gaps,lines,no clear cut patterns,etc

In a nutshell,look for charts that allow you trade without giving you nightmares..........There are charts out there with beautiful patterns and pivots,and then there are the others.........

Sorry for being as vague as possible..........difficult to communicate beauty or anything abstract except by "not this,and not that".......more of indications,pointers,.............not really descriptions and definitions.

Just keep track of the yummies and the uglies as I keep shooting my mouth off........think you'll find the pattern of what I am looking at and what I am pointing to.

Saint

Gotcha. Will look out for the yummies. Tks for trying to explain.

Amit.

djsinha · #**4278** 28th May 2008, 02:35 AM

Bang Overseas is making higher pivot highs and higher pivot lows on the daily chart. Weekly is also in uptrend. Can be entered above the prev pivot high of 259.5.
Saint and others pls share your views.

Cheers
D J Sinha

Saint · #**4279** 28th May 2008, 10:27 AM

Quote:

Originally Posted by rakeshluthra430

As an example... look at daily charts of TATA CHEM, SESA GOA, MAH LIFESPACE.
Now, compare these charts with those of AIA ENGG, EKC....

Excellent,Rakesh......

Saint

Saint · #**4280** 28th May 2008, 10:28 AM

Quote:

Originally Posted by djsinha

Bang Overseas is making higher pivot highs and higher pivot lows on the daily chart. Weekly is also in uptrend. Can be entered above the prev pivot high of 259.5.
Saint and others pls share your views.

Cheers
D J Sinha

No harm in that......with stops at previous pivot lows.But nothing sweeter than catching a move just after it completes a dntrend and is starting off a new uptrend.

Saint

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