Rise and fight again my friends!

hello all my friends,
all are invited here! from absolute beginners to advance traders................

you may be thinking that , is trading really simple? hmmmm.....u think many people make massive losses, this is gamble!!! technical analysis does not work! i had good technique , but now it is giving net loss! there may be good method but those damm good traders dont want to disclose it!
how can i succeed at trading????????

all these thoughts may be disturbing you at this point of time!

Please stop a moment............................

This thread is to shape a trader who has lost the hopes and turn him into fulltime profitable trader.

I want to help to all those people because there was a time when i totally lost hopes.........but somehow managed and still traded the markets.

my experience in the market is 6 years on all intraday time frames.


I will discuss here few setups that have worked very good on all time frames,
And these setups are really Robust working on stocks, commodities, forex etc.

you will realise what i say when you master the setups.


Also we will discuss four main things-

robust methods

money management

Psychology

Trade execution and trade management


I am no guru................a simple trader like you all................this thread is not a competion or any challenge or not a thread to post silly comments.
This thread is to help all those who want to be serious traders.
I request all members to participate constructively !


See you all ..............:cheers:

Winston

Thanks for strating such a nice thread. Looking forward for more posts from you. Hopefully it has no other intention but the learning and coaching.

Happy Trading

I second AW10's thoughts. We are with you winstonn.

Good Luck

Looking fwd to it,Winstonn.

Saint

All the best, Winstonn!! :thumb:

All the best, Winstonn!!waiting.

thanxs Saint for your valuable presence...........

and thanxs all others........

well here we go...................

Let's begin the First setup what is called
Special Hammer double tops and double bottoms.

We are now just discussing the Tools of the setup.
wait for the entire setup information.


they are simply hammers or inverted hammers with long tails with little modifications
These candles represent the exhaustion of the preceeding move.

Let's learn slowly, perfectly and patiently.
We are now just discussing the Tools of the setup.
wait for the entire setup information.

Today just grasp what we need.

special INVERTED HAMMER

this is the tool we will require for Double top trading.Hey please , please just dont start trading the setup now.........please let us go through patiently and profitably.

See the attached image how the inverted hammer must look.
Conditions for the Inverted hammer
1) Tail should be atleast twice the real body.The longer the tail......that's better:thumb:
2) Can occur anywhere in the chart
3) Can have little shadow opposite to the tail
4)The open and close of the real body should be inside the preceeding candle.


have lot's of work........see you next day!

Winston

Thank you Winstonn for starting this valuable thread. I will start to make a separate compilation of the various setups in my PC so that it can used as a single reference point later. Thanks for your initiative and the blessings of Saint.

Special Hammer

This candle tool will be required for the double bottom trading.
See the attached image for how it look.

Conditions for Special Hammer

1) Can occur anywhere in the chart
2) Tail should be atleast twice as real body, longer the tail, that's better!
3)Can have little shadow opposite to the tail
4) The real body of hammer should be inside the real body of preceeding candle.


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*note :

the candle preceeding Hammer or Inverted hammer can be any type of candle. Only important is that the real body of hammer or inverted hammer is enclosed within the real body of preceeding candle.

Both are ok....hammers with upclose or downclose
Inverted hammers with upclose or downclose
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Regards,
Winston

Now we are done with the tools of the setup.
Now we shall

Discuss the setup
Objective entry
Objective stoploss
Profit taking
Money management
Trade management
Psychology

Remmeber, we just dont want a theory! we want all the aspects of setup
to profit practically from the Market!

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This setup does not require any indicator or additional confirmation.

We will Trade Naked...........................
Because markets keeps on changing on every time frame. If you use any indicator based rules...........it will work in one phase of market and then stop working!

So let's keep the setup very simple so that it's flexibility makes it work on many many markets....many many time frames.
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See you in the next post for the detailed setup................

Regards,
Winston