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

Saint · #**581** 8th May 2007, 09:19 PM

This thread is,as always,for the beginner.......and to anyone who appreciates the importance of keeping trading as simple as possible.From here,this thread will be "all over the place" as I sometimes am,in real life.......so do forgive me.

They could be thoughts,maybe something I read from a great book,maybe something from today's trades,maybe a viewpoint,and some additions to what was written previously.

We'll start on something about Short term trading over the next few days.........I feel that those amongst you who would be looking for something spectacular are going to be verrrry disappointed.There are certain rules and disciplines that one follows,and then one does it day after day,every day.One keeps things as simple as possible.....so simple that one gets lulled into boredom.So simple that one cannot even boast of something bombastic to one's friend.

For the majority that are looking forward to all the indicators,and a trading system.......this is not the place to be.There are some fantastic threads by Karthikmarar,and go to "search" and look for posts by CreditViolet.Suggest you go through and ask them for their advice.

This thread ,as always,is for the beginner and the simpleton........somebody who believes that so long as one knows addition,subtraction,multiplication and division,one can trade the markets to great success.My nine year old daughter has started trading the markets when she is having her holidays.I feel she does a better job than many of us because hers is a simple mind.(Seriously thinking of catching my driver as well.......)

So for those few who do not mind making profits the simple way.....let's continue this journey.

Saint

ps:I may not be able to answer doubts and clarify each and every point discussed d/t certain time constraints.........so sincere apologies!

pkjha30 · #**582** 8th May 2007, 11:36 PM

HI Saint

You just reminded me of great philosopher Wittgenstein who wrote Tractatus Logico Philosophicus and declared that he had solved all the problems of philosophy. He went into hibernation and came back after 7-8 years to admit that he was wrong and wrote another masterpiece "Philosophical Investigations".

During his hibernation he was teaching kids in Austria and realized the folly of his thinking in absolute and complex terms. In fact, simplicity of language lies in its being able to convey the meaning to others.

Your thread is evergreen and now that you have decided to contribute in a simple way rather than in a trading system indicators and so on so forth,I am sure it would cut through lot of clutter, which gets accumulated in one's mind, and convey the simple ideas that your lovely little daughter so expertly utilises.

Looking forward to your simple and yet thought provoking ideas.
That is why I keep coming to traderji.

Pankaj

avinash · #**583** 8th May 2007, 11:51 PM

Good to have you posting regularly,Saint.It has been a great learning process the last few years and looking for more.Thanks!

Regds,
Avinash

karthikmarar · #**584** 9th May 2007, 12:19 AM

Thank God, The forum seems to regain the lost shine..

Hopefully amitbe, Ajay, murthy, joy, vinay, jaideep, Satya, Sanjay, Siva ..all will return..

Really missing the good ol'days...

It is a real pleasure to see you back in action, My Friend Saint..

warm regards

Karthik

uasish · #**585** 9th May 2007, 08:04 AM

Now to catch hold "Saint's" daughter & driver for the holy grail,only then we can get the originating Pot of Rainbow,right ! so operation "Rainbow"

Satyen · #**586** 9th May 2007, 09:36 AM

At last wait is over . waiting your posts to learn

regards
satya

Satyen · #**587** 18th May 2007, 09:05 AM

hi
saint still waiting for your posts . Now a days so much volatility in market if we make our entry using pivots in daily chart some times we find prevoius bars high is taken out in one day and the other day market moves down ......

so confused please giude how to trade using weekly and daily chart and deal with volatility

i cud not attach bharti daily chart as i have attach it in thread "my first analysis Gail " and forum did not allow to attach once more

Regards
Satya

beginner_av · #**588** 19th May 2007, 05:39 PM

Hello Saint,

Great to see you back. Can you tell me what is meant by simple or what is complicated? My belief is:
Trading is essentially 3 things. Buy, Do nothing or Sell. Any technical based entry will give you results, whatever you use, provided it is suited to the instrument and market conditions and backed by proper money management. That is why your posts and ideas will be timeless.

Regards

drumm1n · #**589** 20th May 2007, 04:40 PM

Quote:

Originally Posted by Saint

Happy Trading!!
SaintOne Important Condition:Once the neckline gets broken,expect a return move......but at all costs the price should not re-break the neckline upwards.If this happens,it is called a FAILED H&S PATTERN.Like a failed breakdown,this acts as a bear trap.....and is bullish.So get out if that neckline gets broken back upwards...

saint.....i wanna thank you for starting this thread!... I am still at the beginin o the thread ..n wanted to clarify somthin.....I am confused about this, in the above explanation you say if the neckline gets broken its where you short half.but then if the price re-breaks the neckline upwards it becomes a failed h&s ...so y should one get out...doesnt that mean the pattern did not hold????..

drumm1n · #**590** 20th May 2007, 04:46 PM

ohh...n..i thankyou so much fr startin o this thread....im still at the beginin..il catch up tho!!..ehe....
-tushar.