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The Responsible Trader
12-31-2016, 09:52 AM
Post: #711
RE: The Responsible Trader
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(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
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12-31-2016, 09:56 AM
Post: #712
RE: The Responsible Trader
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[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.
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01-01-2017, 02:08 AM
Post: #713
RE: The Responsible Trader
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(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.”
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01-03-2017, 10:00 PM
Post: #714
RE: The Responsible Trader
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(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.
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01-04-2017, 12:51 PM
Post: #715
RE: The Responsible Trader
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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.”
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01-05-2017, 04:39 PM
Post: #716
RE: The Responsible Trader
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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
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02-18-2017, 09:56 AM
Post: #717
RE: The Responsible Trader
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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.
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02-18-2017, 11:29 AM
Post: #718
RE: The Responsible Trader
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(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
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