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

satya_pinku2003 · #**1261** 6th March 2008, 08:58 AM

Thank you very much saint

Regards
Satya

sharepdy · #**1262** 7th March 2008, 07:14 AM

It's just great i'm looking for someone who can provide informations to a beginner like me!Advance thanks and looking forward for your informations

Saint · #**1263** 7th March 2008, 11:02 PM

Quote:

Originally Posted by sharepdy

It's just great i'm looking for someone who can provide informations to a beginner like me!Advance thanks and looking forward for your informations

Welcome to Traderji.....

All the best!
Saint

Saint · #**1264** 8th March 2008, 06:36 PM

Quote:

Originally Posted by skarpio
I am one more fan of your technicals course I had posted this in some other thread. I have two questions:
[1] Is my analysis in error?
[2] Where should the stop have been?

Note: this post was on 28th Feb 08 -- so if you keep the candles from 29th onwards out, and then dissect, it will probably be easier for me to grasp.

Regards,
skarpio

Hi Skarpio,

No error.....except for one thing.That huge fall forming a big tail on 22nd Jan......now usually that's not how inverted h&s looks like if you factor that tail in.......but you have done no wrong in ignoring the tail,and looking at the candle bodies,and correctly stating that it looks like an inv h&s.Volume analysis also tallies.......The classical trade in an inv H&s goes like this:Buy the high volume breakout over the neckline on 27th of Feb.Your stop would be the low of the right shoulder i.e 98.05.....Give it some breathing space.Put the SL at 97.50.

If you had taken this trade,you would still be in it......your SL at the same place as before.Once Power Grid goes to new recent highs over 113,move
SL to the low of present pivot...

Well done,Skarpio!

Saint

Saint · #**1265** 8th March 2008, 06:39 PM

Quote:

[1] Very interesting -- the tail you mentioned. I had, in my analysis, tentatively incorporated a certain amount of subjective discretion by choosing to ignore the tail. However, mathematics/logic does not allow such liberties. It would be great if you can share your thoughts on this!

[2] As you will have noticed, I was late to hop onto this one (my analysis is dated 28th and I entered a trade on 29th). But I rued that one myself quite a bit

[3] I am still in it (though not bigtime since this was meant to be a Proof-of-Concept trade) . One more question here: when you say pivot you mean the daily pivot (since my analysis was on daily), right?

Thank you for the detailed explanation on H&S and its associated SL!

I wish I could express how much the last line means to me!

Also, if this dialogue helps others, feel free to post it (after suitable editing) in one of your threads. Also, let me know which of the following -- pm-ing you or polluting your "Teach a man ..." thread is convenient for you should need be in future.

Regards,
skarpio

From the PM,with your permission.....shall answer shortly.

Saint

Saint · #**1266** 8th March 2008, 06:44 PM

Had to move this thread directly under Technical Analysis after lots of requests stating that it was impossible to find the thread.....

Saint

Saint · #**1267** 8th March 2008, 06:44 PM

Quote:

Originally Posted by satya_pinku2003

Thank you very much saint

Regards
Satya

Most welcome,Satya!

Saint

AvinashRaste · #**1268** 8th March 2008, 09:25 PM

Dear Saint,

I am a newbee in this field. And I try to learn the TA with a clear uderstanding of indicators. I am trying to calculate the Bollinger Band in excel, but somehow the created bands are mirror images of each other and not like one I've seen in BSE website or in TA Softwares like F Chart. I tried a lot but in vain, I think I am missing out some calculation. Can you please guide me in this calculation ??? I am attaching the excel sheet of BANKINDIA and calcualtions I tried.

Thanks in advance and waiting anxiously for your reply.

Thanks and Regards

Avinash Raste

CreditViolet · #**1269** 8th March 2008, 09:54 PM

Maybe relevant to the thread

Saint · #**1270** 8th March 2008, 11:39 PM

Quote:

Originally Posted by AvinashRaste

Dear Saint,

I am a newbee in this field. And I try to learn the TA with a clear uderstanding of indicators. I am trying to calculate the Bollinger Band in excel, but somehow the created bands are mirror images of each other and not like one I've seen in BSE website or in TA Softwares like F Chart. I tried a lot but in vain, I think I am missing out some calculation. Can you please guide me in this calculation ??? I am attaching the excel sheet of BANKINDIA and calcualtions I tried.

Thanks in advance and waiting anxiously for your reply.

Thanks and Regards

Avinash Raste

Would not be able to help as all the above play no role in the way I trade.........best to ask someone who does,probably put it out there on the Technical Analysis forum.

All the best!
Saint