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New Intermed Uptrend!!

Discuss New Intermed Uptrend!! at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by Saint Nope......they were trades off the daily charts only.Not intermediate uptrend trades. ...


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  #4301  
Old 4th June 2008, 05:42 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Nope......they were trades off the daily charts only.Not intermediate uptrend trades.

If you are talking intermed trades in ISPAT,not yet........a buy over 36.6,give it some room,buy above 37.1

Saint
Hello Saint Sir

Aah..I see. Basically the third point mentioned by me is wrong. Initial positoin can be taken if daily crosses pevious high, provided weekly has already formed Higher Low. In this case the previous high on daily on 30-Apr at 36.5 ( at NSE). Giving 1 % romm makes it 37, which was not crossed. Stupid me

when we say crossing over previous mark, do we have to consider
i) Closing price higher

ii) Any point during the day/week taking over the previous high/mark

iii) If it opens with Gap-up ? Like Ispat on 29/5 opened at 39.

I shall try to post graph as well.

Regards
Raj

Last edited by r_qumar; 4th June 2008 at 05:53 PM. Reason: Spelling
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  #4302  
Old 4th June 2008, 05:45 PM
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Default Re: New Intermed Uptrend!!

All the indices are in major (long-term) downtrends, The long-term downtrend will end if the Sensex closes above its last intermediate top.
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  #4303  
Old 4th June 2008, 05:52 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Nope,don't try that with the daily charts......it'll wiggle you out of the trades as newer lows are set..........The 2 possible entries I had mentioned,either one would do.

Different though on the weekly,you can try that in a weekly uptrend undergoing a decline......Buy over last week's high.To reiterate,don't try that with the daily.

Saint
Thanks a lot Saint Sir. It clarifies.

This is my first attempt at fishing . I am immensly gratefull to you , DJ SInha and other senior members of this group.

Regards
Raj
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  #4304  
Old 5th June 2008, 08:04 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Yep......the very first instance where the downtrend ceases to be and pivot highs break to the up,that's your entry point.All others are add points.........if not in,they have to be utilised as entry points.

Saint
Thanks Saint as always for the clarification

Regards
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  #4305  
Old 7th June 2008, 05:16 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by r_qumar View Post
Thanks a lot Saint Sir. It clarifies.

This is my first attempt at fishing . I am immensly gratefull to you , DJ SInha and other senior members of this group.

Regards
Raj
You are most welcome my friend, Raj.
D J Sinha
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  #4306  
Old 8th June 2008, 02:02 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by r_qumar View Post
Thanks a lot Saint Sir. It clarifies.

This is my first attempt at fishing . I am immensly gratefull to you , DJ SInha and other senior members of this group.

Regards
Raj
All the best,Raj.....

Saint

ps:Let us drop the Sir part........we are all friends here,all equals.
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  #4307  
Old 11th June 2008, 01:23 AM
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Default Re: New Intermed Uptrend!!

Raise the stop of RANBAXY to 490.

Saint
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Last edited by Saint; 11th June 2008 at 01:29 AM.
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  #4308  
Old 18th June 2008, 10:39 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Raise the stop of RANBAXY to 490.

Saint
Raise the stop to 530.....

Saint
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  #4309  
Old 19th June 2008, 09:08 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Raise the stop to 530.....

Saint
Dear saint sir

Thanks a lot for all your teachings. You have made a huge difference to my trading style as you obviously must have done to a lot of others also. I only trade medium term as I cannot day trade due to other pre-occupations and I also have a passion to learn technical analysis in which I have received tremendous help from you.

Regarding the above raising of stop loss to 530, I wanted to ask is it on the weekly time frame or daily time frame. I also hold a position in RANBAXY which I entered based purely on your teachings .

Waiting for your reply whenever you have the time after your vacation

Sandeep
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  #4310  
Old 10th July 2008, 01:39 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by sandeep721 View Post
Dear saint sir

Thanks a lot for all your teachings. You have made a huge difference to my trading style as you obviously must have done to a lot of others also. I only trade medium term as I cannot day trade due to other pre-occupations and I also have a passion to learn technical analysis in which I have received tremendous help from you.

Regarding the above raising of stop loss to 530, I wanted to ask is it on the weekly time frame or daily time frame. I also hold a position in RANBAXY which I entered based purely on your teachings .

Waiting for your reply whenever you have the time after your vacation

Sandeep
Really sorry......missed your post totally.

Looking at the Daily,my friend.

Saint
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