New Intermed Uptrend!!

karthikmarar · #**541** 6th September 2005, 11:12 PM

Hi saint

Thanks again. It does give a good idea. will start working on it straight..

regards

karthik

neeraj4u · #**542** 7th September 2005, 09:29 AM

Hi Saint

Very well explained

thanx
Neeraj

sharv · #**543** 7th September 2005, 10:57 PM

hi,

Castrol has given breakout. is 218 a good entry?

thanks

sharv.

Meetu · #**544** 7th September 2005, 11:40 PM

Hello Saint

I got few information.very first & imp one is Film city media,I heard This co.is having any relation with Financial Techno.If u have any piece of information,kindly let me know,coz I am a novice in this field & need your advice on the same.
I even wanted to know @ Nova Pan & Penta media.
Thanks

Saint · #**545** 8th September 2005, 11:07 AM

Quote:

Originally Posted by Meetu

Hello Saint

I got few information.very first & imp one is Film city media,I heard This co.is having any relation with Financial Techno.If u have any piece of information,kindly let me know,coz I am a novice in this field & need your advice on the same.
I even wanted to know @ Nova Pan & Penta media.
Thanks

Hi Meetu,
Don't ususally trade the penny stks,and be very careful when doing so.But if you are planning to enter into any of the three mentioned,wait for a correction and enter on a pullback only.

Saint

Saint · #**546** 8th September 2005, 11:11 AM

Quote:

Originally Posted by sharv

hi,

Castrol has given breakout. is 218 a good entry?

thanks

sharv.

Hi Sharv,
Still a wait n watch on this one till it proves itself.Still all over the place....no clear indication yet from longer term view.If in already at 218,with a short term view,stop loss of 207 and a target of 240.

Happy Trading!

Saint

avinash · #**547** 8th September 2005, 11:27 AM

Quote:

Originally Posted by saint

Hi Karthik,Neeraj,Anupama,

We set a technical target so as to calculate risk reward ratio.Below are but a few examples:

Target setting:
1.Breakout from a symmetrical triangle/ascending triangle
Take the highest peak and drop a vertical line to the base of the triangle.Let us call this 'x'.Presuming the breakout point was at 122.The target is now at 122 +x.

Or,draw a line parallel to the base of the triangle through the peak of the first rally.

2.Breakout from a double bottom
Measure the distance between the trough to neckline.Let's call this as 'x'.Now we buy the breakout over the neckline.Target is now the neckline + 'x'

3.Breakout from an Inverse H & S
Same as above,we measure from the deepest point,that is from the inverse head to the neckline.Let 's call this as 'x'.From neckline +'x' is target of that play.

4.Breakout from Flags
Here,we measure the move before entering a flag.Let's call this 'x'.Target is breakout from the flag +'x'

A target is an arbitrary goal,a minimum objective.....after which we are back to raising pivot points and raising stop losses.

Hope this helped answer a few doubts.

Happy Trading!!
Saint

Hi Saint,
thanx

Avinash

phoenix · #**548** 8th September 2005, 11:30 AM

Quote:

Originally Posted by saint

Hi Karthik,Neeraj,Anupama,

We set a technical target so as to calculate risk reward ratio.Below are but a few examples:

Target setting:
1.Breakout from a symmetrical triangle/ascending triangle
Take the highest peak and drop a vertical line to the base of the triangle.Let us call this 'x'.Presuming the breakout point was at 122.The target is now at 122 +x.

Or,draw a line parallel to the base of the triangle through the peak of the first rally.

2.Breakout from a double bottom
Measure the distance between the trough to neckline.Let's call this as 'x'.Now we buy the breakout over the neckline.Target is now the neckline + 'x'

3.Breakout from an Inverse H & S
Same as above,we measure from the deepest point,that is from the inverse head to the neckline.Let 's call this as 'x'.From neckline +'x' is target of that play.

4.Breakout from Flags
Here,we measure the move before entering a flag.Let's call this 'x'.Target is breakout from the flag +'x'

A target is an arbitrary goal,a minimum objective.....after which we are back to raising pivot points and raising stop losses.

Hope this helped answer a few doubts.

Happy Trading!!
Saint

Hi Saint,
Great stuff,my friend......keep em coming.Lots of education you pouring on us.Thanks,man......and great going!

Phoenix

Saint · #**549** 8th September 2005, 11:52 AM

Most welcome,Avinash,Phoenix

Saint

Saint · #**550** 8th September 2005, 11:56 AM

ABB has exceeded our target by some........am taking profits here.

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