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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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Post: #91  Posted: Thu Jun 20, 2013 12:34 am Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | jdpt wrote: | Hi Vinay, first of all thank to you for taking intrest on this topic, vinay as you said we should book @ 53% of diff between head & neckline, but you haven't given any reason for that so can you please explain it bit more ?
regards |
Bulkowski has done a lot of research on all the patterns (over 60) and arrived at various conclusions such as "success ratio", "ranking among various patterns", "% meeting targets", etc. for these patterns. You should study that ....... if you are interested. |
no response?  |
Hi vinay, sorry for the delay, due to some work i was away to desk so i couldn't replied on time, yeah of course i'm curious to know why we should book earlier as 53% of tgt when we can make it large as 60%/80%/100% or more with tsl, i've given an example below, have a look on chart (attached with this post) as you can see in this case if we book @ 53% we will miss the whole green bar.
IMO tsl is better then fixed tgts tough it will go hit @ 40% 30 % etc etc be cause we can't tell how much profit/loss we will get on a trade before enter in it but as we can restict our loss with stop loss same as with tsl we can open the door for opportunity for more gain/lock profits etc etc, how ??
Suppose 1. santa & banta both took a long trade on nifty @ 5900, santa trading with fix tgt of 50pts and after an hour santa achived his tgt, after this 50pts run nf came down 15pts for currection made a higher low and breached the high so banta placed his tsl @ hl but due to a sudden crash nf took santa's tsl 2. again they both took a trade santa booked @ 5950, santa booked @ 6k as 50pts is his fix tgt and banta again found a hl and placed his tsl this time he got 5 hl and finally @ 5th hl his tsl gone he got 250pts in this trade, 3. they took third trade nf @ 6200 when nf reached 6220 banta placed his tsl @ breakeven but santa still waithing for fixed 50pts tgt but due to sudden fall santa's sl gone hit and banta's tsl too, it this trade santa loose 20pts and banta loose nothing, overall totoal gain: santa- t1=50pts t2=50pts t3=-20 total 80pts not bad, banta t1=35pts t2=250pts t3= 0pts total 285 Ooo wow banta rocked 
moral of story = ??
as we can't say about future/we can't tell where will be market after a while/(profit/loss)/(stock/index price) etc etc notihg is fixed nor we are trade fixers/oprators/bookies etc etc then how do we trade with a fix tgt !! only big boys can do this if you are you can do this i'm a very small retail trader or you can say chindi chor. we can only follow price with tsl based on visible things on charts like support/resistance, swings high low, pivot, fibo lvls, price action etc etc  do work hard do research self & make your benchmarks self... if you are making good money with bulkowski's theory then go ahead and ignore all this bakbak  as i'm not good to explain, hope it make some sense to you.
regards
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #92 Posted: Thu Jun 20, 2013 1:20 am Post subject: |
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| jdpt wrote: |
Suppose 1. santa & banta both took a long trade on nifty @ 5900 |
@bold
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #93 Posted: Thu Jun 20, 2013 8:50 am Post subject: |
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| jdpt, I posted what has been arrived at after a lot of research by Bulkowski and I always follow it for reference. I never said book at 53% of height. But that should be kept in mind. Either book partially or keep having TSL.
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #94 Posted: Fri Jun 21, 2013 6:26 pm Post subject: |
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| vinay28 wrote: | | jdpt, I posted what has been arrived at after a lot of research by Bulkowski and I always follow it for reference. I never said book at 53% of height. But that should be kept in mind. Either book partially or keep having TSL. |
"jdpt, I posted what has been arrived at after a lot of research by Bulkowski and I always follow it for reference." i didn't commented on bulkowski or on his research, what i wanted to say is actully jo baaten aap ne bulkowski ke liye kahi wahi baat mere pote potiyan aapke liye kahe "I never said book at 53% of height." Target of HnS should be taken as 53% of difference between head and neckline. > this was your first post on this topic "But that should be kept in mind. Either book partially or keep having TSL." yes my dear friend i'm completely agree with your this line & thanks alot for this input & i'm sure when a layman will read this he will think about it & will do research on it to understand it better that why those people were talking about tsl and why tsl is so important as entry sl exit.
I request to you keep posting whenever you will get something usefull for newbie traders like me.
regards
Last edited by jdpt on Fri Jun 21, 2013 9:48 pm; edited 1 time in total |
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #95 Posted: Fri Jun 21, 2013 6:28 pm Post subject: |
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| twist wrote: | | jdpt wrote: |
Suppose 1. santa & banta both took a long trade on nifty @ 5900 |
@bold
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #96 Posted: Fri Jun 21, 2013 6:53 pm Post subject: |
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| guptak03 wrote: | | can any one explain how trade has been taken on 123 pyramid system and the rules.. |
As icharts not allow attchment more then 1mb so i've upload it on 4shared.com, please download it from this link (given below). if you have already 4shared a/c then you will not face any problem but if you haven't you can register there for free.
http://www.4shared.com/office/W6SiitA7/123system.html
I hope this will helpful for you.
Regards
JDPT
__________________
Just Trade What You See.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #97 Posted: Sat Jun 22, 2013 12:50 pm Post subject: |
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| jdpt wrote: | "jdpt, I posted what has been arrived at after a lot of research by Bulkowski and I always follow it for reference." i didn't commented on bulkowski or on his research, what i wanted to say is actully [b]jo baaten aap ne bulkowski ke liye kahi wahi baat mere pote potiyan aapke liye kahe [/b] "I never said book at 53% of height." Target of HnS should be taken as 53% of difference between head and neckline. > this was your first post on this topic "But that should be kept in mind. Either book partially or keep having TSL." yes my dear friend i'm completely agree with your this line & thanks alot for this input & i'm sure when a layman will read this he will think about it & will do research on it to understand it better that why those people were talking about tsl and why tsl is so important as entry sl exit.
I request to you keep posting whenever you will get something usefull for newbie traders like me.
regards |
matter in Red not clear. Is there a hint of sarcasm?
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #98 Posted: Sat Jun 22, 2013 3:41 pm Post subject: |
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| vinay28 wrote: | | jdpt wrote: | "jdpt, I posted what has been arrived at after a lot of research by Bulkowski and I always follow it for reference." i didn't commented on bulkowski or on his research, what i wanted to say is actully [b]jo baaten aap ne bulkowski ke liye kahi wahi baat mere pote potiyan aapke liye kahe [/b] "I never said book at 53% of height." Target of HnS should be taken as 53% of difference between head and neckline. > this was your first post on this topic "But that should be kept in mind. Either book partially or keep having TSL." yes my dear friend i'm completely agree with your this line & thanks alot for this input & i'm sure when a layman will read this he will think about it & will do research on it to understand it better that why those people were talking about tsl and why tsl is so important as entry sl exit.
I request to you keep posting whenever you will get something usefull for newbie traders like me.
regards |
matter in Red not clear. Is there a hint of sarcasm? |
SARCASM !!! nahh.. not at all, read this:
"jdpt, I posted what has been arrived at after a lot of research by Bulkowski"
now read this:
"do work hard do research self & make your benchmarks self" taki
jo baaten aap ne bulkowski ke liye kahi wahi baat mere pote potiyan aapke liye kahe
still now got my point ?
no?
now read this:
The first friction match was invented by English chemist John Walker in 1827. Early work had been done by Robert Boyle in the 1680s with phosphorus and sulfur, but his efforts had not produced useful results. Walker discovered a mixture of antimony (III) sulfide, potassium chlorate, gum, and starch could be ignited by striking against any rough surface. Walker called the matches 'Congreves', but the process was patented by Samuel Jones and the matches were sold as 'Lucifers'.
The early matches had a number of problems -- the flame was unsteady and the initial reaction was disconcertingly violent; additionally the odor produced by the burning match was unpleasant. The smell is described as a "firework"odor. Despite these problems, the new matches were responsible for a marked increase in the number of smokers. Lucifers reportedly could ignite explosively, sometimes throwing sparks at a considerable distance.
...In 1831, Frenchman Charles Sauria added white phosphorus to remove the smell. These new matches had to be kept in an airtight box but were popular. Unfortunately, those involved in the manufacture of the new matches were afflicted with "phossy-jaw" and other bone disorders, and there was enough white phosphorus in one pack to kill a person. There was a vociferous campaign to ban these matches once the dangers became known.
In 1836, János Irinyi of Hungary replaced potassium chlorate with lead oxide and obtained matches that ignited quietly and smoothly.
And at last, the safety match was invented in 1836 by the Hungarian János Irinyi who was a student of chemistry.
once again please read bold lines, what i wanted to say is think for a while bulkowski is John Walker/Robert Boyle & "we are the student of chemisty, we are the HUngarian János Irinyi" so what we can do    we can make the safety match.
regards
Last edited by jdpt on Sat Jun 22, 2013 9:10 pm; edited 2 times in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #99 Posted: Sat Jun 22, 2013 5:19 pm Post subject: |
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| thanks for the education! ..... not exactly!
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #100 Posted: Sat Jun 22, 2013 6:58 pm Post subject: |
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| vinay28 wrote: | | thanks for the education! ..... not exactly! |
Dear sir, There was no bad intention behind all what i've said before nor i was trying to teach anything as you are senior to me too so please please don't take it any otherwise, still if you found somthing wrong on my posts i really appologize for any kind of inconvenience sir, and i request to you kindly give me one more chance to explain, i just wanted to say that with taking advantage of Mr. Bulkowski's research and combine it with your own knowledge & experience you can make your way more better thats it, and as i said before if you already making good money with his theory please ignore my posts and you don't need to hear anything from any person like me.
with all best wishes & regards
Last edited by jdpt on Sat Jul 13, 2013 1:47 pm; edited 2 times in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #101 Posted: Sat Jun 22, 2013 7:30 pm Post subject: |
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no offense taken jdpt now that you have clarified. Initially I did find your reply sarcastic and hence my response. But I got an impression that you had discovered more than what Bulkowsky did. And that I doubted though it doesn't mean that I doubted your capabilities or knowledge. Not that I know a lot, in fact very little. But, as I had mentioned, I find Bulkowsky's research very useful in keeping in mind average target (once a break out takes place for any pattern) above/below which it is a bonus.
What's more, Bulkowsky has also given additional info about higher/lower targets. As an example, average target of a upside break out of an AT may be 75% of triangle height but more gain is possible if (a) volume is >weekly/monthly average and/or (b) the break out level is within 33% of yearly low. And such a thing did happen recently during a AT breakout in INR, where initial target was about 58.
So my intention behind my first comment was to alert you/others about first level of target and not to imply that full/higher target is not possible. Hope this clarifies.
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #102 Posted: Sat Jun 22, 2013 10:17 pm Post subject: |
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| vinay28 wrote: | no offense taken jdpt now that you have clarified. Initially I did find your reply sarcastic and hence my response. But I got an impression that you had discovered more than what Bulkowsky did. And that I doubted though it doesn't mean that I doubted your capabilities or knowledge. Not that I know a lot, in fact very little. But, as I had mentioned, I find Bulkowsky's research very useful in keeping in mind average target (once a break out takes place for any pattern) above/below which it is a bonus.
What's more, Bulkowsky has also given additional info about higher/lower targets. As an example, average target of a upside break out of an AT may be 75% of triangle height but more gain is possible if (a) volume is >weekly/monthly average and/or (b) the break out level is within 33% of yearly low. And such a thing did happen recently during a AT breakout in INR, where initial target was about 58.
So my intention behind my first comment was to alert you/others about first level of target and not to imply that full/higher target is not possible. Hope this clarifies. |
vinay, thnaks a lot for your quick response and valuable inputs. I hope it will be continue.
with best regards
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guptak03
White Belt
Joined: 03 May 2011
Posts: 50
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| Post: #103 Posted: Sat Jun 22, 2013 11:17 pm Post subject: |
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| jdpt wrote: | | guptak03 wrote: | | can any one explain how trade has been taken on 123 pyramid system and the rules.. |
As icharts not allow attchment more then 1mb so i've upload it on 4shared.com, please download it from this link (given below). if you have already 4shared a/c then you will not face any problem but if you haven't you can register there for free.
http://www.4shared.com/office/W6SiitA7/123system.html
I hope this will helpful for you.
Regards
JDPT
__________________
Just Trade What You See. |
Thank you that was very kind of you and its very helpful...
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #105 Posted: Tue Jun 25, 2013 4:55 pm Post subject: |
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jdpt sir...would be very helpful if you put ur comment with the chart...
Regards,
Andre
| jdpt wrote: | | twist |
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