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

Saint · #**1681** 4th June 2008, 11:55 PM

Quote:

Originally Posted by mahesh2007

seniors please answer.

(1)In the attached chart, when double bottom D1 occured, Nifty did not go up which was expected by this pattern.

(2) when double top T1 occured Nifty did not go down !

Is it defiance of chart pattern or I have committed some mistake ?

waiting for your reply.

regards

Mahesh,Both the areas mentioned in the chart........neither a Double Top,nor a Double Bottom................... do have a look again at the posts on Double Top and Double Bottom earlier part of this thread.Or have a look at stockcharts.com

Saint

Saint · #**1682** 5th June 2008, 12:00 AM

Quote:

Originally Posted by nick721156

dear saint and other friends,

is Flag getting formed in daily chart of cairn? volume is contracting, too.

regards,

nick

Have a look at the gradient,Nick.....too steep to qualify it as aflag.

Saint

Saint · #**1683** 5th June 2008, 12:01 AM

Quote:

Originally Posted by amitpethkar

You can't call it a flag because the gradient is steep. Already 6 down bars which negated almost all the upmove.

Thanks,
Amit

Yikes,Amit........same reply.

Good to have so many guys pitching in and helping each other out......Thanx!

Saint

prabhu53 · #**1684** 5th June 2008, 12:04 AM

Saint,Saintlier,Saintliest

,khudos to the man who has done so much to fellow traders....
thanks in advance

Quote:

Originally Posted by Saint

Have a look at the gradient,Nick.....too steep to qualify it as aflag.

Saint

Saint · #**1685** 5th June 2008, 12:10 AM

Quote:

Originally Posted by nick721156

dear saint & other friends,

i have a little confusion about buy set up in Ranbaxy. in weekly chart, Ranbaxy is in uptrend. so, we should buy over the previous pivot high in daily chart. today(30/05/08), ranbaxy has made new high of 535 in daily chart. its previous pivot high was 517.90. in case, we want to buy on monday in the coming week, shall we buy over the previous pivot high i.e. 517.90 or over today's high of 535 or wait for a decline. if we wait for a decline in daily, when to take position? or shall we wait for a decline in weekly - which might not happen for some more time?

i am attaching both the charts.

regards,

nick

Hi Nick,

RANBAXY is in an intermediate uptrend.....importantly,it was in a primary downtrend as well.Over the 462 area,it sets up a primary uptrend and an intermed uptrend.Personally got in abt the late 470-ish area(saw it a bit late!)

That was the entry point....all else add points,or entry points if not in already.....Nope,no need to wait for a weekly dntrend.Buy over the previous pivot high on the daily with stops at previous pivot lows.The buy should have been over 518 with stops at 491.

Saint

Saint · #**1686** 5th June 2008, 12:23 AM

Quote:

Originally Posted by maddy_invest

Hi Saint,

Based on the current situation will this trend theory hold?

Maddy

Either downtrend or uptrend,trends will always be there........if not in this stock,may be that,or the other one.If not in the daily,there is a trend on the 60.Or the 5..............there will always be a trend somewhere.....and with it the traders capitalising on a trend.

Saint

deb99891 · #**1687** 5th June 2008, 12:30 AM

Quote:

Originally Posted by Saint

Either downtrend or uptrend,trends will always be there........if not in this stock,may be that,or the other one.If not in the daily,there is a trend on the 60.Or the 5..............there will always be a trend somewhere.....and with it the traders capitalising on a trend.

Saint

sir
may not be a true follower of ur method
as my time frame of most trades r too short
golden words for me
regards

kapil1301 · #**1688** 5th June 2008, 04:11 PM

Hi !

can anyone please give me the url from where i can download compilation
of teach a man fish thread i have tried 3-4 links mentioned on page 52 and earlier pages .
I will be very thankful

Kapil

nick721156 · #**1689** 5th June 2008, 04:50 PM

Quote:

Originally Posted by Saint

Hi Nick,

RANBAXY is in an intermediate uptrend.....importantly,it was in a primary downtrend as well.Over the 462 area,it sets up a primary uptrend and an intermed uptrend.Personally got in abt the late 470-ish area(saw it a bit late!)

That was the entry point....all else add points,or entry points if not in already.....Nope,no need to wait for a weekly dntrend.Buy over the previous pivot high on the daily with stops at previous pivot lows.The buy should have been over 518 with stops at 491.

Saint

dear saint,

thanks for your reply.
i gave you a PM yesterday. please go through it. would be very happy if you share your feelings and encourage me.

regards,

nick

nick721156 · #**1690** 5th June 2008, 08:46 PM

dear saint,

i am going to ask you a small thing clarified once again. you have told that many many times. yet when today i was refering to your previous posts here, i got a bit confused regarding BUY SET UP. in the EDUCOMP example(you attached the chart also-probably weekly one), you mentioned that we plan to buy once previous bar's high is taken out.
i have attached 02 charts of Bharti Airtel and queries are put in the weekly chart body itself.
please clear my confusion whenever you find time.

regards,

nick