New Intermed Uptrend!!

Saint · #**911** 29th September 2005, 05:10 PM

Quote:

Originally Posted by Anupama Singh

Hi Saint,

I would like to echo Roneeth's post,....Thank you so very much for the selfless help you have given to many of the newcomers here.

And congrats on the 1000 !

Regards,
Anu

Hi Anupama,

Thank you for your kind words.......most appreciated!

Saint

Saint · #**912** 29th September 2005, 05:11 PM

Quote:

Originally Posted by roneeth

Hello!

First of all Congratulations 1000 posts....
Thanks again for sharing your knowledge and being a constant source of inspiration.

Regards

Roneeth

Hi Roneeth,

Thanks for your kind words.........most appreciated! As for the 1000,don't usually keep count......just goes to show how talkative I am....

Saint

Saint · #**913** 29th September 2005, 05:15 PM

Quote:

Originally Posted by AMITBE

Great going, saint....fabulous stuff.
Thanks!

Thanx as always,Amit!

Saint

Saint · #**914** 29th September 2005, 05:18 PM

Quote:

Originally Posted by sam

Hi Saint,

Am not sure if this is the place to ask this query - but am still going ahead and putting my question.

What does the "INCREASE / DECREASE in stock" column of the Financial statment of a company mean? Kindly clarify - hope i am not taking too much liberty in putting these questions!

-Sam.

Hi Sam,

Nope,you are not taking too much liberty in putting these questions at all........but I can't help you on that one.Maybe Amit or Ravi or Kamalesh could help you out.

Sorry about that!!

Saint

madhura · #**915** 29th September 2005, 05:22 PM

Quote:

Originally Posted by saint

JAPANESE CANDLESTICKS -INTRODUCTION

Like in any aspect of trading,there are no absolutes......No absolute indicator,no absolute technique that will give us an absolute buy signal and definite profits.Traders play the probability game.......when the odds are in our favour,and the probability of success is present, we then enter into a trade.Do we definitely know that this trade will definitely work?No.Yet we enter if the odds are in our favour.

Therefore,for chart players,we have indicators,be they MACD,Stochs,TRIX,
etc.We look at the price and volume and analyse pivots.Trendlines are drawn,support/resistance lines are figured out ,patterns are looked out for........all these tell us that odds are increasing of a possible fall or breakout.

The Japanese Candlesticks are one such........they help in adding to the odds of a possible future movement in that particular stock or index.But as in everything in trading,they have to be used along with the others as mentioned above.

White Candle:This is a bullish candle.We have the body ,and we have the shadows(the line above and below the body proper).Body of the bullish white candle=Lower line of the body is the opening price.Upper line of the body is the closing price.The uppermost point of the shadow on top the body is the High ,and the lowermost point of the shadow below the body is the Low.

Black Candle:This is a bearish candle.Again,we have the body and the shadow above the body and the shadow below the body.
Here,the upper line of the body is the opening price,and the lower line of the body is the closing price.The uppermost point of the shadow on top is the High,and the lowermost point of the shadow below is the Low.

More later!!

Saint

***************************

Hi all,

Just to add to above explanation from Saint, i am attaching the figures for candlesticks and various patterns associated for better understanding.
Hope this helps!

sachin divase · #**916** 29th September 2005, 05:25 PM

Hi Saint,

Congratulations for completion of one thousand posts.

Best Wishes

Saint · #**917** 29th September 2005, 05:55 PM

Quote:

Originally Posted by sachin divase

Hi Saint,

Congratulations for completion of one thousand posts.

Best Wishes

Thanx Sachin!

supratik · #**918** 29th September 2005, 06:02 PM

Saint, Congrats on the 1000 posts.

We should have a range from very junior to very senior member....

Thanks and Regards

Saint · #**919** 29th September 2005, 07:01 PM

JAPANESE CANDLESTICKS-REVERSAL PATTERNS

1.HAMMER

-This is a bottom reversal signal.
-This has a long lower shadow,at least 2-3 times the size of the body,very little or no upper shadow.
-The bodyis at the upper end of the trading range.
-The colour of the body,whether black or white,does not matter.

What has happenned here:Prices open at a particular price,and goes down......but this day,differently from the last few days,Prices start correcting back to the opening price(maybe closing a bit higher or a bit lower from the opening price).

It is an indication that the bulls are getting back in action.......It is an indication of a possible trend change.

2.HANGING MAN

-A potentially bearish pattern that occurs after an uptrend.
-Basically looks like a Hammer but after an uptrend.
-Named so,because it looks like a hanging man,with his legs dangling.
-Again,like the hammer,it has a long lower shadow,and has to be 2-3 times the size of the body.
-Little or no upper shadow.
-Body is at the upper end of the trading range.
-Again,the colour of the body is not important........but a black body is obviously more bearish.

What has happenned here:After an uptrend, the bears threatened to take control driving prices downwards.But the bulls still saved the day by driving prices back to opening price,thus forming the lower shadow.Although the bulls won that day,it is a sign of increasing bull fatigue and increasing bear strength.

3.BULLISH ENGULFING PATTERN

-Again,like the hammer,it is a bottom reversal pattern.
-Unlike the hammer,which is an individual candle line,The Bullish Engulfing pattern needs two candles.
-A Black candle and a White Candle that engulfs the previous black candle.
-The white candle must engulf,meaning the body of the white candle must open lower than the close of the previous candle,and then it must close over the open of the previous candle........it therefore engulfs the previous bar.
-It need not close over the previous candle's high to be termed as a Bullish Engulfing Pattern.
-If this pattern is accompanied by a definite increase in volume,this is a major turning point.

Of what use is this to us?-With this strong day,the bulls have reasserted their authority and declared that their time has come.Buy the mild pullback that usually follows such a candle......the low of the Bullish Candle is now support and therefore our stop area.

4.BEARISH ENGULFING PATTERN

-Like the hanging man,it is a bearish reversal pattern.
-This also requires two candles......the first one a white candle ,the second a black candle.
-The black candle engulfs the white candle.Again,the close must be below the open of the previous day.,need not take out yesterday's lows.

Same as above,the high of the bearish engulfing pattern is now a strong resistance and becomes the area where we put our stops as we short this stock downwards.

More Later!
Saint

Saint · #**920** 29th September 2005, 08:39 PM

Quote:

Originally Posted by supratik

Saint, Congrats on the 1000 posts.

We should have a range from very junior to very senior member....

Thanks and Regards

......and thanx!

Saint

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