Successes and Failures are Parts of Trading. They are Not Permanent.
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The Responsible Trader
09-22-2012, 07:50 AM
Post: #21
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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As promised, this is MCTA Module 2 - Charting Basics





LEARNING OBJECTIVES:

After viewing this video, you should be able to know the following:

1. The different types of Charts – line, price bars, and candlestick
2. Why candlestick charting has become most popular charting method
3. The importance of viewing charts on different time frames
4. What is the difference between arithmetic scale and logarithmic scale

I will be posting my Ninjanotes on Candlestick Charting later.

Good luck on your journey to becoming a RESPONSIBLE TRADER

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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09-22-2012, 08:28 AM
Post: #22
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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...Thanks Bro ninja!

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09-22-2012, 08:46 AM
Post: #23
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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My Ninjanotes: MCTA - Module 2

Candlestick Charting

More than 200 years ago, the Japanese were already using a unique style of technical analysis in the rice market that evolved into the candlestick technique currently used in Japan and elsewhere. It is not precisely clear who is responsible for inventing the candlestick chart but nobody can argue that much of the development of the candlestick chart could be traced back to Munehisa Honma. Although he was the youngest son at a time when tradition favored succession by the eldest son, he inherited his family’s business on the merit of his extraordinary trading skill.

Fast forward to our present time, a westerner by the name of Steve Nison discovered this secret technique called Japanese candlesticks, learning it from a fellow Japanese broker. The technique caught Steve like wild fire. As it is stated in some books "Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it." Slowly, this secret technique grew in popularity in the '90s.

Steve Nison has earned the moniker “Mr Candlestick” and has written several books about the subject, the most famous are Japanese Candlestick Charting Techniques and The Candlestick Course.

A Japanese Candlestick is composed of two lines. A Vertical line and a Horizontal line.

The height of the Vertical line is called the Wick or Shadow of the candle and it represents the period’s trading range. When we say period, it could mean the trading range for one hour on an hourly chart, one day on a daily chart, one week on a weekly chart and so on.

The Horizontal line is called the candles Real Body and represents the open and close for the period.

As I promised, as a value added, I am posting my own drawing and studies and I hope you also benefit from them.

[Image: candlesticksmcta21.png]

If we combine Figure 1 and Figure 5, what do we have? Lo and behold, a Japanese candlestick as shown by the two figures below:

[Image: candlesticksmcta22.png]

When I started learning candlestick charting, I found it hard to remember all the Japanese terms. So I did some out-of-the-box thinking. I used key words, to be more specific Pinoy words, to strengthen my memory association.

Japanese candlesticks with Real Body without the candle's wicks or shadows are called Marubozu.

[Image: candlesticksmcta23.png]

A candlestick pattern consisting of a candlestick with a Real Body followed by another candlestick in but with a smaller Real Body is called a Harami.

[Image: candlesticksmcta24.png]

Candlesticks with no Real Body are called Dojis.

[Image: mcta25dojis.png]

Ok, I think you are now getting the hang of it. Now, go and make your own.
For a more thorough study of Candlestick patterns, you may go to:

http://thepatternsite.com/chartpatterns.html

NOTE:
If you have, in one way or another, benefitted from any of my posts, please pay it forward. Let us all make SMP a Cyber-Community of SHARERS and LEARNERS, not HYPERS and BASHERS.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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09-22-2012, 08:48 AM
Post: #24
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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(09-22-2012 08:28 AM)INDO Wrote:  ...Thanks Bro ninja!

Bro Indo,

You're welcome. Parang inaabangan mo ito tuwing Saturday ah. You can now read my Ninjanotes. I have just posted it.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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Quote this message in a reply
09-22-2012, 09:27 AM
Post: #25
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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Opo Bro ninja, talagang inaabangan ko para naman ma-meet ko yong mission kong to be a responsible traderwinking

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09-22-2012, 10:24 AM
Post: #26
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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Ok. Thank you for actively supporting my Advocacy. Na post ko na rin yung aking Ninjathought for the week. Para sa inyong lahat yun.

Para sa mga nag-aabang, I will do regular posting every Saturday morning, unless other urgent and more priority matters require my immediate attention.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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Quote this message in a reply
09-24-2012, 06:30 AM
Post: #27
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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After going thru these two Modules, how are you in your learning journey?

Do you now understand candlestick charting better? Do you now have your own keywords?

The key to remembering is not rote memorization - just like a parrot remembering but without understanding.

The keys to remembering are IMAGINATION and ASSOCIATION which I have done by using Tagalog keywords.

I hope you enjoyed these two Modules as much as I did.

Good luck on all your trades today!


NOTE: If you have, in one way or another, benefitted from any of my posts, please pay it forward. Let us all make SMP a Cyber-Community of SHARERS and LEARNERS, not HYPERS and BASHERS.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
Find all posts by this user
Quote this message in a reply
09-28-2012, 07:15 AM
Post: #28
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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Please bear with me as I interrupt this thread with this important advisory.

Ninjadvisory: September 28, 2012

I have given this warning several times already but I would like to do it again. if this reminder can save even just one trader, newbie or otherwise, from having his trading account ruined, then that is enough reward for me.

Today is considered to be a window-dressing day. For some companies whose fiscal year ends December 31st, today’s closing price will be their basis for their 3rd quarter Financial Report. This is important because this will be the last report that the public will see. The Fourth Quarter Financial Report is usually never shown to the public anymore until the Annual Report is finished.

It may or may not happen but today we might see some 1-day stars doing a parabolic spike, sudden gap-ups and spectacular price movements. For newbies, do not be deceived by these signals. Avoid chasing prices. Examine first the number of trades done before you jump in. (My standard is 100 trades per day so divided by 4.5 trading hours this is about 22 per hour, 11 every 30 minutes and so on.) This ensures you are not alone in the party you are joining. Also, stick to your trading plans. You did this, I assume, when your mind was cool, you were very objective then. In the heat of trading, you are very excited, counting your gains/losses so these could throw you off your original plan.

For the sake of non-accountants, window dressing is done to make the company's financial statements look attactive.

When companies make their quarterly or annual report, companies are required to report the current price that the stock is trading. Sometimes it goes like this: "Our company's stock as of end of reporting period has traded at xxx giving us a P/E ratio of xxxx. (even if our stock has slept for the past three months - sa akin na lang tong nasa parenthesis, they do not disclose this anymore which for me is the highest form of deception).

If you read my Financial Ratio Analysis on CAL, you will observe in the Market Ratios that the higher the P/E the more attractive the stock appears to stockholders making the company look "very pogi" to them.

For your additional information every company has its natural business year. This is the one-year period ending at an organization's typical low point of activity. For some companies their natural business year coincides with the calendar year, for example, a manufacturing company whose natural business year and calendar year start in January and ends in December.

It is practical to have the accounting and financial reporting year match the natural business year. An accounting and financial reporting year ending on a date other than December 31 is referred to as a fiscal year.

Good luck on all your trades today.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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09-29-2012, 09:47 AM
Post: #29
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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MODULE 3 – Trend Concepts

Learning Objectives:

After viewing this video, you should be able to know the following:

1. Why do you need to identify a trend
2. The different kinds of trend and what distinguishes one from the other
3. Support and Resistance and what Role Reversal means
4. Trendlines and how to draw them





As usual, I will post my Ninjanotes later. I wish you the best in your journey to becoming a RESPONSIBLE TRADER.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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Quote this message in a reply
09-29-2012, 11:13 AM
Post: #30
RE: Ninjavidshare - Ninjatrader919's mutual sharing of Trading Audio/Visuals
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My Ninjanotes: MCTA Module 3
(From time to time, I will use this interactively as if I am writing a book and you are my reader so our learning together will be more effective)

Identifying Trends have been discussed by Comm Ollie in Market Education/The Stuff of Stock Market Seminars/Technical Analysis 04.

Support and Resistance have been been discussed by Comm Ollie in Market Education/The Stuff of Stock Market Seminars/Technical Analysis 05.

I will just try to add my own inputs. I am not going to follow the sequence as presented on the video, because I would like to simplify matters for newbies.

Resistance and Support

Let’s try to understand Resistance and Support by an Example. Let's try to look at Figure 1. Suppose it is the first day that the company’s stock has traded and the day ended with the following candle (Open 14, High 20, Low 12, , Close 18).

[Image: candlesticksmcta31smp.png]

For the second day, what will be the Resistance? How about Support? The answers are in Figure 2.

[Image: candlesticksmcta32smp.png]

It is easy isn’t it. A piece of cake. No brainer. Just pick the highest level at which the stock traded (traded not closed) in this case it is 20 and that is the Resistance for the following day. Just pick the lowest level at which the stock traded (again traded not closed) in this case it is 12 and that is the Support for the following day.

Resistance means no buying took place beyond that point so this is the point where the price was RESISTED. Support means no selling took place beyond that point so this is where the price was SUPPORTED.

OK. That was easy for the second day because you only had 4 choices. So let’s take a look at Figure 3. Say we have the following during the second day (Open 16, High 22, Low 14, Close 20). Same questions for the third day.

[Image: candlesticksmcta33smp.png]

What will be the Resistance? How about Support? The answers are in Figure 4.

[Image: candlesticksmcta34smp.png]

You got it right. Just pick the highest level at which the stock traded for the second day because it is higher than the first day (traded not closed) in this case it is 22 (Higher High) and that is the Resistance for the following day. Just pick the lowest level at which the stock traded because it is higher than the first day (again traded not closed) in this case it is 14 (Higher Low) and that is the Support for the following day.

The above Support and Resistance concepts are applicable on a Daily Chart.

Based on my research, another way of determining Support and Resistance including Pivot Point is by mathematical computation. The figures arrived at more or less coincide with figures on a 10-minute chart which I use for my Daytrading.

If you add the High plus Low plus Close then divide the total by 3 you get the Pivot Point as indicated in the formula below:

Pivot point (PP) = (High + Low + Close) / 3. In our example for the first day

PP = (20 + 12 + 18 )/3 = P16.67

After deriving the Pivot Point, you can now compute Resistance and Support even up to three levels.

First level support and resistance:
First resistance (R1) = (2 x PP) – Low . Applying formula equals 21.33
First support (S1) = (2 x PP) – High. Applying formula equals 13.33

For your exercise try it on the next levels.
Second level of support and resistance:
Second resistance (R2) = PP + (High - Low)
Second support (S2) = PP - (High - Low)

Third level of support and resistance:
Third resistance (R3) = High + 2(PP - Low)
Third support (S3) = Low - 2(High - PP)

The Pivot Point, First Level Resistance and Support are the numbers I use in my Ninjareviews. These figures more or less coincide with the the same points on a 10-minute chart.

Using figures obtained, I observe the stocks’s movement for thirty minutes (my thirty minute breakout rule) to measure trader’s sentiment.
If it opens above Pivot Point and remains there after thirty minutes, it means there is strong sentiment for the stock and a tendency to go up. If it breaks first level resistance and continues to go up, then you can be sure you have a winner for the day.

Of course the opposite applies when the stock trades below Pivot and below Support.

Drawing Trendlines

If you have a series of candles, to draw a trendline you have to connect at least two points.

For an uptrend you connect Lowest Low to the Highest Low. For a downtrend you connect the Highest High to the Lowest High as shown in the example below.

[Image: mcta35smp.png]


Ok. Time for an exercise. Let’s try to apply what we learned using the PSE Index. This is for newbies only. Admins and Mods are excluded in this exercise.

On the chart below, draw the Up trendline and draw also the Support and the Resistance Lines. I will give 2 points for the first one to post the correct chart (I repeat you have to post your chart with the Uptrend line, Support and Resistance Lines and you have to be correct to get the 2 points)

[Image: mcta36pseisept282012.png]


I will post the answer before the trading day starts on Monday.

Keep on learning and I wish you the best in your journey to becoming a RESPONSIBLE TRADER.

RESPONSIBLE TRADING, my Advocacy, means Practicing Self Discipline, Continuously Educating Yourself, Protecting your Capital at all Times and Taking Full Responsibility for your Trading Results.

MY TRADING PHILOSOPHY:
TRADING without FEAR, TRADING without GREED. GREED causes exposure to DANGER. FEAR causes missed OPPORTUNITIES.

MY TRADING RULES:
1. PROTECT YOUR CAPITAL at ALL TIMES. 2. TRADE to TRADE WELL not only for MONEY.
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