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

Hi Anupama,

Okay in continuation..........we now know what a secular,primary trends and intermed trends are.We know that each larger time frame has within it smaller time frames of trends.Now,to your question.........we have an intermed uptrend,followed by an intermed downtrend,followed by an intermed uptrend,so on so forth.

Few rules:
1)After an intermediate uptrend,the correction should be only 33-66% of that cycle(One intermed cycle=one intermed uptrend and one intermed dntrend).
--Greater the retracement,the increased likelihood that the primary trend has reversed to the down.

2)Substantial increase in volume during the price decline

The above are the basics......if you are playing with indicators as well,then all the negative divergences,moving avg crossovers puts you on Caution Mode.

Have a look at the chart below.......please do ask if anything is not clear.

Gotta Run........World Cup Mode..

All the best!
Saint

Hello Saint!

The whole concept is much clearer now.......but just a suggestion,Saint.
Maybe you could indicate on this chart also of the primary trend,for clarity.

Thank you so very much for all the excellent articles.

Avinash

hi saint,

just going down the memory lane when stumbled upon the graphic. a very apt one to describe the current situation.

allow me to post the graphic, which you posted during the early part of this thread.

cheers,
jdm.

I am slowly trying and learning how to fish. I have bought myself a fishing rod now. Got metastock. Well friend loaded on my computer. But I promise to get an orignal one once I am more comfortable with it.

I had a few questions to help me put worms on my hook.

1) How do we change from arithmetic to logirmethic scale.

2) When I open a chart on the metastock it shows a stock from 2004
onwards. How can i change the period of the charts.

Hi Saint,

Thank you so very much for the explanations and the charts.

Sincerely,
Anu

3) How do we use histograms on MACD. I mean I want to plot The difference
between the MACD and signal line. And also It gives me the option to
change the time period for the signal line( which is 9). But i am not able to
change the time period of the two moving averages used to plot MACD.

4) can you guide me what time periods should I use for the three simple
indicators( RSI, MACD, Stochastics). Right now I am using 14 days for
RSI. Stochastics 5 and 3. Signal line 9 and I am not sure what period it is
using for the plotting the MACD. And should we us different time periods
for daily charts, for weekly charts and for monthly charts. Also do they
change if market is volatile. If yes could pls briefly note them down for me.

I know these are too many questions but would help to get a start with my software.

Rgds

Rahul

Hello Friends,

As the famous Chinese Proverb goes,"Give a man a fish,you feed him for a day.Teach a man to fish,and you feed him for a lifetime."

This thread is a result of multiple emails from fellow members with a desire to learn how to trade,rather than to just take the calls here and there.This thread may not catch the interest of many,as the "many" are always interested in the 'fish' rather than learning how to.But this thread is intended for the few........the few that want to learn,or at least make a beginning to learn how to trade,the few that do not wish to bow to any other individual or organiztion as authority when it comes to decision making but instead wish to come to these decisions by himself/herself.

This thread will be of no help to those who make trading decisions based on the fundamentals.This thread will be of no help to the many that wish to know what this company did or wat was the news when a stock broke out.This thread will be of no use to a few members here,all brilliant traders,all great minds--Amit,Jaideep,Ajay,Vinay(JoyVerma),Joy_Mitali,Vince,Karthik,Ivan among others for there is nothing new that this thread has to offer to them,that they do not already know and are implementing day after day,trade after trade.

This thread is for the newcomer to charts and who has that desire to learn.It is for the student of the market by a student of the market.I am no master,no teacher,no expert,all words that I abhor........this thread is to my friends who want to learn,from a friend who is just sharing what little he knows.

All the best!
Saint