Originally Posted by callmeraju

congratulations,If you had taken all the trades, Unbelievable, KISS and make up lots of money, Raju.

Yes, today everything went ok.
But have bad days too. @ eod feel awkward
Will post here some of those days too

PS: Raju , I kind of dont like your tag line. Be more positive boy
Mend your clock . This forum might be that little edge

trend line method is no doubt easy!!

Ajax kindly clarify the confusion area of 17/18/19/20

there is again long when trend line breaks with blue bar/
the second bar u are long with stop hit virtually hit as hitting same low etc etc


thirdly if we are following only trend line then ONLY trend line we should not go for other patterns/ combinations dont u think so

at many time su forming 45 angle but i find many times the angle are 60 with high capacity of line hitting

is is very easy to draw line at eod but when u trade in intra u will definitely have some different line i bet!!

KF

__________________
The world can only be grasped by action, not by contemplation...The hand is the cutting edge of the mind

Originally Posted by kingfisher

trend line method is no doubt easy!! Ajax kindly clarify the confusion area of 17/18/19/20 there is again long when trend line breaks with blue bar/ the second bar u are long with stop hit virtually hit as hitting same low etc etc thirdly if we are following only trend line then ONLY trend line we should not go for other patterns/ combinations dont u think so at many time su forming 45 angle but i find many times the angle are 60 with high capacity of line hitting is is very easy to draw line at eod but when u trade in intra u will definitely have some different line i bet!! KF

One by one..

When NF broke trend line @ 17. I exited. As it was already ~ 3PM
did not want immediate short. Waited for bar to complete (18)
Then put fresh short just point 18.
NF immediately moved up.. crossed TL but returned to 19.
Luckily short was not initiated & NF again went up there by creating
double bottom. Seening double bottom I went long as mentioned and
trailed SL till end & exited just before close.

True, its easier to draw TL by hind-sight.
Pahle hum jarmati they, karat karat abhyas thorey se sujan ho rahen hain
As I mentioned, look for pivots to form before drawing TL

If there is a steep move , trail your SL equally steep

Hope that clears some doubts

Regards

If you are trend follower ,how can you be leader .

Ajax

it is not i am khiching u......i first of all look chart with trend line drawn in my minds,
but the fact is how to asume correct trendline is most imp giving us maximum returns

thanks

KF

__________________
The world can only be grasped by action, not by contemplation...The hand is the cutting edge of the mind

Originally Posted by kingfisher

Ajax it is not i am khiching u......i first of all look chart with trend line drawn in my minds, but the fact is how to asume correct trendline is most imp giving us maximum returns thanks KF

For trendline we need minimum 2 & preferably 3 points.
3 was point A. Then NF moved up... formed PH then moved down
and only when PL was formed @ 4 it was taken as point B.
Joined a & B and drew 2nd up TL & like wise....

When reversed trade @ point 7, point 6 was my SL. NF could have
moved up taken out that SL. Luckily it didnot & moved down..
@ 10 very high volume bar made me cautious about impending trend
change.. So prepared accordingly. That trend change may not have
happened.

As I said things went right today.
May be, good mood due to re-union

Thanx to Robin for informing me of this forum

Regards

Originally Posted by sanx

If you are trend follower ,how can you be leader .

Dont desire to lead. Quite happy back stage

Originally Posted by sanx

If you are trend follower ,how can you be leader .

Laughed my Heart Off.

Ajax,

Thks,becoz of 2 things.

1)Enriching the Forum with Workable / Simple / Near Stops .... Methodology.

2)This Methodolgy has less of Subjectivity & Confusion.

Asish

Originally Posted by uasish

Laughed my Heart Off. Ajax, Thks,becoz of 2 things. 1)Enriching the Forum with Workable / Simple / Near Stops .... Methodology. 2)This Methodolgy has less of Subjectivity & Confusion. Asish

Many thanx. Was left wondering where u all have disappeared.
This forum came as blessing in disguise.
Nice to be back among like minded people

Regards

Originally Posted by SatDa

But Ajax the main disadvantages of this techniques are : 1. Loss is small (almost nil). 2. Profit is more 3. There is no requirement of 20-25 indicators (in the trading screen) to research. Only one tool that is line is sufficiant. 4. No. of sleepless nights minimum. Nightmare is nil. 5. So many other disadvantages.

Originally Posted by uasish

Laughed my Heart Off. Ajax, Thks,becoz of 2 things. 1)Enriching the Forum with Workable / Simple / Near Stops .... Methodology. 2)This Methodolgy has less of Subjectivity & Confusion. Asish

Ashisda added two more disadvantages.