Trading as a part time profession.

[pkamalesh]

Bullish Flag in Ranbaxy...Hieght of the pole is 5 so any break out from current levels(165) can give a target of 165 + 5 = 170

 

[pkamalesh]

Continuation of the prev post....

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[LIFELINE127]

:thumb::thumb:

Hi Thank you very much for your efforts, it is a very good initiative that you have taken. I shall contribute in this thread whatever I come across

Lifeline

This thread is for all those who would like to take trading as their part-time job. This is for those who dont get much time to read all those big books and still trying to understand the very basic of trading. With the view that this thread will be useful to all those new comer and even myself who is still a newcomer to the trading.

As I am from different profession and I came across trading when I left my job, and with the help of seniors in this forum, specially the saints teach a man to fish... I had gathered good confidence in trading. What I liked about saints teaching was its simplicity, with which he just didnt make things complicated. If we are going through all big books, personally I myself get scared looking at those number of pages, even if I start reading a book, I loose my interest in midway.

At present I have a job and still doing my trading and touch wood I have been doing great, Now myself making money in trading, I thought of teaching the same to my family members and friends so that even they get benefit out of this and myself help increasing my knowledge toward this.

I have compiled my own theory for the benefit of my friends and famiy member which I am sharing with you.

Hope you all like it.
Thanks and regards,
Rajendrani

 

[pleaseharsh]

rajen i didnt get the 2 support lines (dotted green lines) which u pulled over from december last candle...pls explain how that candle high/low forms support ..?

 

[rajendrani]

rajen i didnt get the 2 support lines (dotted green lines) which u pulled over from december last candle...pls explain how that candle high/low forms support ..?

The candle high is the pivot high and therefore can act as a support, if the price had already crossed it and closed above that level, also the candle low acts as a support as we had a gap down opening and an empty space below it, so this can actually give a small support to the price. Well harsh these are kind of small resistance and support which are because of the previous ph an pl. The classical pivots are the best for S&R

Thanks and regards,
rajendrani

 

[kiranb]

kiran

 

[rajendrani]