Teach A Man To Fish And.........

sillu_m · #**1141** 25th January 2008, 12:48 AM

saint pls see the chart what it mean ..... huge vol at 3.04 pm. Is this the today's buying of entring the trader in the stocks as market will go up on +ve global ques 2maro. What is ur view? another chart...

Saint · #**1142** 25th January 2008, 12:56 AM

Quote:

Originally Posted by sillu_m

saint pls see the chart what it mean ..... huge vol at 3.04 pm. Is this the today's buying of entring the trader in the stocks as market will go up on +ve global ques 2maro. What is ur view? another chart...

I don't have 1 min charts,but the 5 min charts don't show any dramatic rise in volume ---Ispat or Rel Com or NSE.

Saint

Saint · #**1143** 25th January 2008, 12:57 AM

Quote:

Originally Posted by DEVIPAPPA

hello You All..............

Hi DeviPappa,

Welcome to Traderji,and all the best!

Saint

sillu_m · #**1144** 25th January 2008, 01:06 AM

Quote:

Originally Posted by Saint

I don't have 1 min charts,but the 5 min charts don't show any dramatic rise in volume ---Ispat or Rel Com or NSE.

Saint

I have posted the 5 min chart. pls check them. Or is my softaware problem.

lvgandhi · #**1145** 25th January 2008, 03:37 PM

Quote:

Originally Posted by Saint

I don't have 1 min charts,but the 5 min charts don't show any dramatic rise in volume ---Ispat or Rel Com or NSE.

Saint

Can you share the datafeed agency you are using? what is the monthly cost?

sanx · #**1146** 28th January 2008, 12:30 AM

Saint ,its an excellent thread .Appreciate the sharing of knowledge of what you know to others .
Will be looking forward to learning and contributing to thread (if I can ) .

my first analysis

,having a look at RPL , it has consolidated from past 3 days and we can expect a breakout(uptrend) any time soon ?

Even after consolidation for 3 days ,we were expecting a breakout and start of uptrend ?; But it can break that and go downtrend also?

Saint · #**1147** 28th January 2008, 11:01 AM

Quote:

Originally Posted by sanx

Saint ,its an excellent thread .Appreciate the sharing of knowledge of what you know to others .
Will be looking forward to learning and contributing to thread (if I can ) .

my first analysis

,having a look at RPL , it has consolidated from past 3 days and we can expect a breakout(uptrend) any time soon ?

Even after consolidation for 3 days ,we were expecting a breakout and start of uptrend ?; But it can break that and go downtrend also?

And therefore,Sanx,what exactly do we do?Do we buy,do we sell,or do we wait on the sidelines?The question once again is not if you are looking to daytrade........more for the 60min trader,swing trader,etc

Going in now is a gamble,isn't it?That qualifies us as guessers,gamblers,
predictors,.........not traders.

If trading is what we want to do,we neither buy as that would mean anticipating,guessing.....Neither do we sell for the same reasons.

We wait on the sidelines.......we stalk silently as a predator would a prey,and wait.Breaking either pivot,either pivot lows of 154(in futs) or pivot highs of 181 ...and we strike.

Let RPL decide where it wants to go,and then and then only do we think of entering.

The game of anticipation,guessing,thinking that one is smarter than the market................fraught with danger.Been there,done that,my friend.

All the Best!
Happy Trading!
Saint

Saint · #**1148** 28th January 2008, 11:18 AM

Sorry,Sanx,prev pivot high of 175(not 181 as said in previous post)........above that and we see a change in trend.

Saint

rangarajan · #**1149** 28th January 2008, 08:10 PM

Dear Saint,
In the weekly chart of sail,the pivot high of 280 was formed on 2/11.The stock closed twice above that.However,the uptrend was short lived & the stock came down.According to pivot theory,one should enter once the stock closed above.
Kindly explain where it went wrong.
So also the case with Praj & Lic.

Saint · #**1150** 30th January 2008, 03:53 AM

Quote:

Originally Posted by rangarajan

Dear Saint,
In the weekly chart of sail,the pivot high of 280 was formed on 2/11.The stock closed twice above that.However,the uptrend was short lived & the stock came down.According to pivot theory,one should enter once the stock closed above.
Kindly explain where it went wrong.
So also the case with Praj & Lic.

Hi Rangarajan,

Presuming you are a position trader from the question above.

Here we are looking at long term charts,weekly and daily.

Have a look at SAIL weekly charts.Now look for a pullback that is evident on the weekly charts,which means a downtrend on the daily charts.That is lower pivot highs and lows on the daily.Once we get a break(ie higher pivot lows and highs),enter.

Now what was wrong with that pivot high of 280 in Nov?Why can't we wait for another pullback,and then angle in using the daily charts?And then enter over the highs.

Answer:GRADIENT of the slope.

It gives us some clues as position traders........they tell us,"Alright,let's get ready to sell what we have,coz' we're gonna get it much lower than this in the fall that is to come."

Not the time to buy.........Time to lighten up on what you have,or stand aside waiting for an opportunity to get in if you are not in it already.

Have a look at the daily chart of SAIL.

Saint