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

Saint · #**1711** 12th June 2008, 01:20 AM

Quote:

Originally Posted by Pchartis

Since above link not given properly here I am reesubmeeting my query of valid chart patterns, any senior memebers care to answer
http://www.traderji.com/technical-an...cgrath-41.html

Regards

Think the Wolfe-man of the forum is Ajax and a few others........best you ask them to give you a helping hand.

Saint

Saint · #**1712** 12th June 2008, 01:24 AM

Quote:

Originally Posted by reji

Dear Saint,

Is it the right time to enter CAIRN? Price closed above last week high of 298. Chart attached.

Regards

Reji

Yep Reji.....a buy over 306 with a stop loss at 281.5

Saint

Saint · #**1713** 12th June 2008, 01:26 AM

Quote:

Originally Posted by skarpio

You would learn a lot and probably generate yourself buy/sell calls from this thread. This thread is not about calls, its a level up. Use the forum's searching capabilities.

Once again,nothing to add to the above.....

Saint

nick721156 · #**1714** 12th June 2008, 08:23 AM

Quote:

Originally Posted by Saint

Till PH2 of your chart,it's an uptrend,now it's a dntrend........more importantly,have a look at the chart.It is a perfectly untradable chart,at least with pivots............Amit,if you are around,that's what I mean by an ugly looking chart.

Better piece of advice,Nick,from my end...............If you see such a chart,don't bother trying to decipher it.Chuck it,Move on to the next one.

Saint

dear saint,

we come across many charts like this and get confused with what to do!! Thanks a lot for your quick reply and guidance.

with warm regards,

nick

mahesh2007 · #**1715** 12th June 2008, 11:49 AM

Dear saint!

in the adjoining chart please confirm-

(A)
is (1) pivot high or rounding top?
can we consider it our normal pivot high?

(B)
Are (2) and (3) could be considered as pivot high and pivot low respectively?

(c)what is 4 ?

regards
mahesh

r_qumar · #**1716** 12th June 2008, 08:18 PM

Hello Seniors

Doubt again.

I am attaching charts of HEG. what happened was

i) weekly made higher Low
ii) Enterd the trade when daily closed above previous daily high.

But within 3 days, SL got Hit.

wondering what am I missing.

Regards
Raj

shrineha · #**1717** 13th June 2008, 02:09 PM

Thnaks Nick and Saint.

Kind regards,
Shrineha

Quote:

Originally Posted by Saint

Shrineha,

Same as what Nick stated above.....Thanx Nick.

Saint

djsinha · #**1718** 13th June 2008, 05:47 PM

Quote:

Originally Posted by r_qumar

Hello Seniors

Doubt again.

I am attaching charts of HEG. what happened was

i) weekly made higher Low
ii) Enterd the trade when daily closed above previous daily high.

But within 3 days, SL got Hit.

wondering what am I missing.

Regards
Raj

Dear Raj
It's nice to see you put up charts and asking for correctness of the trade that you actually undertook.
Anyway, I'm stating my observations pointwise:

(1) Weekly made higher low...but not higher high. Till weekly makes higher high we can't say for sure that uptrend is in progress. See the weekly chart......the next pivot high is also of the same value as the prev one making it look very much like a double top formation.

(2) Even if you have entered...taking some risks...and somewhat predicting what's going to hapen....then also.....you shud have exited the whole when you saw that the next day was a gap-up opening.

(3) Lastly not a very clean chart to trade. Lots of ups and downs and choppy beahviour.

Also, never get discouraged when SLs are hit. That's the part of the game.

Cheers
D J Sinha

r_qumar · #**1719** 13th June 2008, 08:36 PM

Quote:

Originally Posted by djsinha

Dear Raj
It's nice to see you put up charts and asking for correctness of the trade that you actually undertook.
Anyway, I'm stating my observations pointwise:

(1) Weekly made higher low...but not higher high. Till weekly makes higher high we can't say for sure that uptrend is in progress. See the weekly chart......the next pivot high is also of the same value as the prev one making it look very much like a double top formation.

(2) Even if you have entered...taking some risks...and somewhat predicting what's going to hapen....then also.....you shud have exited the whole when you saw that the next day was a gap-up opening.

(3) Lastly not a very clean chart to trade. Lots of ups and downs and choppy beahviour.

Also, never get discouraged when SLs are hit. That's the part of the game.

Cheers
D J Sinha

Thanks DJSinha.

This was paper trading so no real loss at all.

Regards
Raj

jamit_05 · #**1720** 16th June 2008, 10:46 AM

Saint, are you eyein Infosys. It is in weekly uptrend... is it a good place to park mucho money?