Successes and Failures are Parts of Trading. They are Not Permanent.
 photo TheDailyHINT01_zpsae8386eb.png

Post Reply 
The Responsible Trader
12-31-2016, 09:52 AM
Post: #711
RE: The Responsible Trader
0
0
(12-31-2016 09:44 AM)Ninjatrader919 Wrote:  Hi Bro Shoe and Bro Leon,

Thanks and Happy New Year too!

For Bro Shoe, please get in touch with me by email: ninjatrader919@gmail.com

Happy New Year Idol Ninja! banana
Find all posts by this user
Quote this message in a reply
 photo TheDailyHINT01_zpsae8386eb.png
12-31-2016, 09:56 AM
Post: #712
RE: The Responsible Trader
0
0
[Image: TRT-Happy%20New%20Year%202017_zpsdnfw6n3b.png]


2016 WAS ANOTHER MILESTONE YEAR FOR THE RESPONSIBLE TRADER:

- We have successfully launched the book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market”. The book is now available in both hard copy and eBook version. Aside from our publisher, Central Book Supply, it will soon be available in one of the leading bookstores

- We have grown the TRT 100 FAMILY (BooKAKA Subscribers) exponentially:

TRT PREMIUM SUBSCRIBERS – Total 166
Regular TRT Members from 5 at the beginning of the year 2016 to 99 end of this year
We have introduced The TRT Starter Program and we have 67 TRT Starters todate
And 1059 Free Subscribers

- 522 Youtube Subscribers (http://www.youtube/theresponsibletrader)

- 182,831 page views (http://www.theresponsibletrader.com)

- 191 SMP Reputation points (http://www.stockmarketpilipinas.com)

WE COULD NOT HAVE DONE THESE WITHOUT YOU.

THANK YOU FOR YOUR CONTINUED SUPPORT. WE LOOK FORWARD TO MORE SHARING AND LEARNING WITH YOU.

HAPPY NEW YEAR 2017 TO EVERYONE! ! MAY WE ALL HAVE A BETTER TRADING YEAR AND MORE WINNING TRADES TO COME!

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
01-01-2017, 02:08 AM
Post: #713
RE: The Responsible Trader
0
0
(12-31-2016 09:44 AM)Ninjatrader919 Wrote:  Hi Bro Shoe and Bro Leon,

Thanks and Happy New Year too!

For Bro Shoe, please get in touch with me by email: ninjatrader919@gmail.com

You're welcome, bro. I'll create an email just for that. Next week perhaps. Thank you so much. May your tribe increase.

“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Find all posts by this user
Quote this message in a reply
01-03-2017, 10:00 PM
Post: #714
RE: The Responsible Trader
0
0
(12-31-2016 09:52 AM)Gavh1208 Wrote:  
(12-31-2016 09:44 AM)Ninjatrader919 Wrote:  Hi Bro Shoe and Bro Leon,

Thanks and Happy New Year too!

For Bro Shoe, please get in touch with me by email: ninjatrader919@gmail.com

Happy New Year Idol Ninja! banana

Happy New Year too Bro Gavh1208.

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
01-04-2017, 12:51 PM
Post: #715
RE: The Responsible Trader
0
0
I'll email you today, bro Ninjatrader919. Sorry po kung medyo late ang email. Hehe

“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
Find all posts by this user
Quote this message in a reply
01-05-2017, 04:39 PM
Post: #716
RE: The Responsible Trader
0
0
Ninjatrader919 Wrote:  Hi Bro Shoe and Bro Leon,

Thanks and Happy New Year too!

For Bro Shoe, please get in touch with me by email: ninjatrader919@gmail.com

welcome boss ninja...

getting some enlightenment from your book, and indeed, it's a great guide for us newbies (i got the hard copy, batch 4 po ako last December)...

God bless...

Once you have eliminated the impossible, whatever remains, however improbable, must be the truth. - Sherlock Holmes
Find all posts by this user
Quote this message in a reply
02-18-2017, 09:56 AM
Post: #717
RE: The Responsible Trader
0
0
Section 2 – Charting Basics


In presenting the subject matter of Technical Analysis most books discuss about the different theories behind price movements and then proceed to present charts and show Trendlines, Support and Resistance.

I would like to use a different approach. When I first studied Chess, I started memorizing openings and mating patterns and it got me nowhere. Later on I learned that the Russians, when they teach Chess start with King and Pawn endgames. They say that: “If you do not understand what is happening with a King and a Pawn, how can you understand complex positions composed of several pawns and pieces?”

In the same manner, how would you expect to understand a chart and what to do with everything that is going on – candlesticks behaving in patterns sometimes at random, moving averages overlaid and some technical indicators thrown in? Therefore, I would like to start our study of Technical Analysis from the very basic. This way we can understand Technical Analysis better.

In any given trading day, price moves in four different ways so we have the Open, High, Low and Close.

Line, Bar and Candlesticks


If I give you the following intraday data for a certain stock can you draw a line chart, a bar chart and a candlestick chart?
Open at 9:30 A.M. P10.00
High at 11:30 A.M P25.00
Low at 2:00 P.M. P 5.00
Close at 3:30 P.M. P15.00

Let us try to do that one by one and one at a time.

Of course, the usual way is to draw a graph and start plotting the points as we see in Figure 8. Using the data provided, we have plotted Open at P10.00, High at P25.00, Low at P5.00 and the Close at P15.00.

[Image: Figure%208_zpsqxd4b0xq.png]

A line chart represent price action over time by a single line that goes up and down. The line is based on the closing price of the stock for every period, whether it is in hours, days or weeks.

Using Figure 8, we can extend the plot points and arrive at Figure 9 which I call a transition image.

[Image: Figure%209_zpsmbvi3zoz.png]

The transition image is the origin of the price bar. The only difference is that the transition image, without the corresponding labels is not capable of showing where the stock price opened and closed. The solution to this concern is found in Figure 10 where we have a price bar. The price bar is arrived at by just retaining the left portion of the opening line to denote the open and also retaining the right portion of the closing line to denote the close.

Before the candlesticks were introduced to the western world, traders used the price bar. As you can see below, the price bar contain more information than simple line charts. With a price bar you can immediately see whether a stock has gained or lost value between the opening and closing market sessions.

[Image: Figure%2010_zps4ye0lcea.png]

Continuing the transitions further by drawing a full body to denote the opening and closing prices, we arrive at a candlestick.

A Japanese candlestick is similar to the price bar. However, Instead of the thin line on the left of the price bar denoting open and the thin line on the right denoting closing prices, these lines are extended as boundaries to draw the real body of the candlestick as shown in Figure 11.

[IMG]
http://i1083.photobucket.com/albums/j396...wv0zmi.png[/IMG]

As shown in Figure 12, Japanese candlesticks are made of two components. A vertical line called the Shadow or Wick representing the High and Low or the trading range of the day and two horizontal lines representing the Open and Close called the Real Body usually connected as a Rectangle. If we put them together we arrive at the Figure on the right.

[Image: Figure%2012_zps9mpgb86b.png]

Technical Analysts typically use one of these chart types. Moving forward, we will be using the Japanese candlesticks for the rest of the book. Also we will be using Figure 12 as our basis for deconstructing the different candle patterns that we will be studying in this Section.

Whether you are looking at price bars or candlesticks the best way to understand them is to consider them as expressions of market sentiments. Every trading day is a struggle between the Bulls and the Bears. The Bulls are identified with the Demand Side. The Bears are identified with the Supply Side. Whoever is able to close the price on his side wins the struggle.

Next week: Candlestick Charting – From Past to Present

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
02-18-2017, 11:29 AM
Post: #718
RE: The Responsible Trader
0
0
(02-18-2017 09:56 AM)Ninjatrader919 Wrote:  
Section 2 – Charting Basics


In presenting the subject matter of Technical Analysis most books discuss about the different theories behind price movements and then proceed to present charts and show Trendlines, Support and Resistance.

I would like to use a different approach. When I first studied Chess, I started memorizing openings and mating patterns and it got me nowhere. Later on I learned that the Russians, when they teach Chess start with King and Pawn endgames. They say that: “If you do not understand what is happening with a King and a Pawn, how can you understand complex positions composed of several pawns and pieces?”

In the same manner, how would you expect to understand a chart and what to do with everything that is going on – candlesticks behaving in patterns sometimes at random, moving averages overlaid and some technical indicators thrown in? Therefore, I would like to start our study of Technical Analysis from the very basic. This way we can understand Technical Analysis better.

In any given trading day, price moves in four different ways so we have the Open, High, Low and Close.

Line, Bar and Candlesticks


If I give you the following intraday data for a certain stock can you draw a line chart, a bar chart and a candlestick chart?
Open at 9:30 A.M. P10.00
High at 11:30 A.M P25.00
Low at 2:00 P.M. P 5.00
Close at 3:30 P.M. P15.00

Let us try to do that one by one and one at a time.

Of course, the usual way is to draw a graph and start plotting the points as we see in Figure 8. Using the data provided, we have plotted Open at P10.00, High at P25.00, Low at P5.00 and the Close at P15.00.

[Image: Figure%208_zpsqxd4b0xq.png]

A line chart represent price action over time by a single line that goes up and down. The line is based on the closing price of the stock for every period, whether it is in hours, days or weeks.

Using Figure 8, we can extend the plot points and arrive at Figure 9 which I call a transition image.

[Image: Figure%209_zpsmbvi3zoz.png]

The transition image is the origin of the price bar. The only difference is that the transition image, without the corresponding labels is not capable of showing where the stock price opened and closed. The solution to this concern is found in Figure 10 where we have a price bar. The price bar is arrived at by just retaining the left portion of the opening line to denote the open and also retaining the right portion of the closing line to denote the close.

Before the candlesticks were introduced to the western world, traders used the price bar. As you can see below, the price bar contain more information than simple line charts. With a price bar you can immediately see whether a stock has gained or lost value between the opening and closing market sessions.

[Image: Figure%2010_zps4ye0lcea.png]

Continuing the transitions further by drawing a full body to denote the opening and closing prices, we arrive at a candlestick.

A Japanese candlestick is similar to the price bar. However, Instead of the thin line on the left of the price bar denoting open and the thin line on the right denoting closing prices, these lines are extended as boundaries to draw the real body of the candlestick as shown in Figure 11.

[IMG]
http://i1083.photobucket.com/albums/j396...wv0zmi.png[/IMG]

As shown in Figure 12, Japanese candlesticks are made of two components. A vertical line called the Shadow or Wick representing the High and Low or the trading range of the day and two horizontal lines representing the Open and Close called the Real Body usually connected as a Rectangle. If we put them together we arrive at the Figure on the right.

[Image: Figure%2012_zps9mpgb86b.png]

Technical Analysts typically use one of these chart types. Moving forward, we will be using the Japanese candlesticks for the rest of the book. Also we will be using Figure 12 as our basis for deconstructing the different candle patterns that we will be studying in this Section.

Whether you are looking at price bars or candlesticks the best way to understand them is to consider them as expressions of market sentiments. Every trading day is a struggle between the Bulls and the Bears. The Bulls are identified with the Demand Side. The Bears are identified with the Supply Side. Whoever is able to close the price on his side wins the struggle.

Next week: Candlestick Charting – From Past to Present

ty veryhelpful from newbie like me
Find all posts by this user
Quote this message in a reply
02-25-2017, 09:21 AM
Post: #719
RE: The Responsible Trader
0
0
Candlestick Charting – From Past to Present


Before we go further into candlestick charting let us take a quick journey back to the past to have a better appreciation of this technique.

Japanese candlestick charting is better understood and appreciated by looking at the historical context when the method was developed.
It became popular during the 16th and 17th centuries when the feudal lords waged constant wars with each other. In Japan this era is known as “Sengoku Jidai” or Age of Country at War.

This was also the time when the Ninjas were used for stealth missions – to gather information and murder Daimyos or warlords. As a natural consequence, most of the terms used in candlestick charting refer to war, military strategy and the martial arts.

You should not be surprised, therefore, when you see terms like Dark Cloud Cover, Morning Star, Evening Star, Three White or Black Soldiers, Three Rising Methods, Long White or Black Piercing Lines, Three River Bottoms, Advanced Block etc.

In present context when you see a Dark Cloud Cover, it means that the Bears under a Dark Cloud Cover are setting up the Bulls for an ambush.

Rice Trading and Candlestick Charting


Munehisa Homma (1724-1803), is considered to be the father of the candlestick charts. He was a rice merchant from Sakata, Japan who traded in the Dojima Rice market in Osaka during the Tokugawa Shogunate


[Image: Photo%202_zpsg9oahike.png]


According to some accounts, although he was the youngest son at a time when tradition favored succession by the eldest son, Homma inherited his family’s business on the merit of his extraordinary trading skill. Using candlestick charts, he was able to predict moves to the degree that he conducted his trades directly from his home. He transmitted his buying or selling instructions by paying men to wave a series of flags from the tops of buildings from Sakata to Osaka.

In 1755, he wrote, San-en Kinsen Hiroku, (The Fountain of Gold - The Three Monkey Record of Money), the first book on market psychology where he stated that the psychological aspect of the market is critical to trading success and that traders' emotions have significant influence on rice prices. He notes that this can be used to position oneself against the market.

Some sources claim he wrote two other books Sakata Senjyutsu Syokai, (A Full Commentary on the Sakata Strategy) and ( Homma Sokyu Soba Zanmai Den, Homma Sokyu --- (Tales of a Life Immersed in the Market).

Introduction to the Western World

[Image: Photo%203_zpsauxywgxr.png]

In 1989 in Futures Magazine, Steve Nison published his first article about candlestick analysis. He is the founder of Candlecharts.com but is better known as the pioneer of candlestick charting outside of Japan. He authored the first U.S. book about candlesticks, Japanese Candlestick Charting Techniques (1991) and also wrote The Candlestick Course (2003).

Although Steve Nison was the first modern analyst to introduce candlesticks to the West, it was Charles Dow who first noted their value. In 1900, Dow observed that there were many ways to express price trends, including the Japanese methods. However, the time required to construct each day’s session prevented his initial research from progressing further. The Dow Theory and pre-Internet charting techniques survived, but candlesticks went dormant for the next century.

Nison’s early work in candlestick research formed the basis for candlesticks as they are used today. At present, most online brokerage firms provide candlestick charting as their default format. Most traders understand the basic concept of the candlestick itself and of how charting appears based on price movement and trends; however, the intricacies of candlestick analysis are not widely known among traders, whose reliance on western charting techniques often excludes consideration of the candlestick as a valuable indicator for spotting and confirming the same price trends that Western indicators provide.

In Responsible Trading we do not use candlestick technique as a stand-alone system. We use it together with other systems (moving averages and indicators) to determine Low-Risk, High-Probability trades.

So much for history. We have learned enough to give us a better perspective. Let us now take a look at some of the basic candlestick patterns.

Next: Candlestick Patterns

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
02-25-2017, 09:45 AM
Post: #720
RE: The Responsible Trader
0
0
“PAMANA” – LEAVING A LEGACY TO THE FUTURE GENERATIONS OF TRADERS



[Image: Pamana_zps0d2dfldl.png]


My book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” has been called many names – “The Bible of Philippine Trading”, “The Complete Guide to Philippine Trading”, etc. The one that caught our attention the most is “PAMANA” – traders planning to pass on the book to the younger generation in their family as a guide for wealth creation and financial independence.

The book has become a “MUST HAVE” in every serious traders trading library. It is like buying Five (5) books in One – Technical Analysis, Fundamental Analysis, Trading Psychology, Trading Strategies and Street-Smart Trading. On Fundamental Analysis, I have tried to bring the FUN back on the subject. It is like you attending one of my seminars on “Accounting for Non-Accountants” using my method of teaching: “Learntertainment” - you learn while getting entertained at the same time because I believe learning should be fun.

In response to the request to make it available to everyone:
We have produced an eBook version for OFW’s and those residing abroad who find the cost of shipping very prohibitive Just send email to: ninjatrader919@gmail.com Subject: Your Book – eBook version.

For hard copies, the book can be ordered from us directly Just send email to ninjatrader919@gmail.com Subject: Your Book – Hard Copy or through our website http://www.theresponsibletrader.com.

The book is still carried by our publisher, Central Book Supply and this can be ordered through them in their stores or online using credit cards accredited by their company. Finally, the book will soon be available in branches of National Bookstore. Please watch for our further announcement.

Thank you for your continued support to my advocacy – Responsible Trading. All the materials we have shared for FREE in our website: http://www.theresponsibletrader.com and our Youtube Channel: http://www.youtube.com/theresponsibletrader SHALL REMAIN FREE.

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
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)
 photo TheDailyHINT01_zpsae8386eb.png


Disclaimer: All trademarks and company logos appearing herein are the properties of their respective owners, and that StockMarketPILIPINAS disclaims any ownership in such third-party marks. The use of any third party trademarks and logos are for informational and visual enhancement purposes only, and does not imply nor constitute an actual endorsement by the admin of StockMarketPILIPINAS to buy or sell the said stocks. Furthermore, that the views and opinions expressed herein are solely those of the writer and not of the admin of StockMarketPILIPINAS in general. Readers discretion is advised at all times.