<![CDATA[D'Street Community For Traders & Investors For Discussing Stocks Commodities & Forex - Blogs - Atmevaha by joesb213]]> http://blogs.dstreetdirect.com/joesb213/ A stock market discussion and blogging forum to share views on stocks commodities and forex with traders and investors all over the world. en Wed, 08 Feb 2012 17:50:05 GMT vBulletin 60 http://www.dstreetdirect.com/images/misc/rss.jpg <![CDATA[D'Street Community For Traders & Investors For Discussing Stocks Commodities & Forex - Blogs - Atmevaha by joesb213]]> http://blogs.dstreetdirect.com/joesb213/ Knowledge is power http://blogs.dstreetdirect.com/joesb213/219-knowledge-power.html Sat, 19 Jul 2008 18:01:03 GMT Date 07/19/08 time 11.26 pm Hi All, A reading list which i feel i would give to someone who is starting out to becoming a serious trader would... Date 07/19/08 time 11.26 pm

Hi All,
A reading list which i feel i would give to someone who is starting out to becoming a serious trader would be as follows.O'neil's book, "How to make money in stocks" ( Mcgraw-hill, newyork, NY 1988). Another book that is must reading is "How i made two million dollars in the stock market" by nicholas darvas ( Lyle stuart, inc., Secaucus, NJ 1986). A lot of people laugh at the title, but it is fun reading and u learn a ton from this book. Another book i would recommend is "Reminisceenes of a stock operator" by Edwin Lefevre ( reputedly about Jisse Livermore). Livermore himself wrote a very thin volume, "How to trade in stocks" ( Institute for economic and financial research, Albuquerque,NM, 1986).A good one what to look for individual stocks is "Super Performance Stocks" by Richard Love ( Prentice Hal, Englewood Cliffs, NJ, 1977). The book has a great study on the greatest winners of all time. Another good one on picking stocks is " Profile of a growth stock" by Kermit Zieg and Susannah H. Zieg( Investors Intelligence, Larchmont, NY, 1972). I would also recommend Marty Zeig's book, "Winning on Wall street" ( Warner Books inc., NY, 1986) and Stan Weinstein's " Secrets for profiting in Bull and Bear markets"( Dow, Jones-Irwin,NY,1988), which has some good sections on short selling. Finally, on Elliot Wave Analysis, Which I think has some validity, there is "Elliot Wave Principle" by Frost and Prechter ( New Classic Library, ,Inc, Gaineville, GA, 1978) and a book called "Super Timing" by an Englisj fellow namedBeckman ( Milestones Pubblishers, London).
All these books are good, but one can learn the most from the markets themselves. Everytime I trade in a stock, I wirte down the reasons why I did what i did. Doing this helps me ceement in my mind the characteristics of a winning trade, It also hels me learn from my mistakes. Mind you I have no qualms about admitting that i have learnt more from my mistakes. The good point is that I dont commit them again after learning from them. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/219-knowledge-power.html liesure time article http://blogs.dstreetdirect.com/joesb213/130-liesure-time-article.html Thu, 22 Nov 2007 12:34:16 GMT Read along i wrote this one in word as i wasnt trading today and used the time to write this. Read along i wrote this one in word as i wasnt trading today and used the time to write this.
Attached Files
]]> joesb213 http://blogs.dstreetdirect.com/joesb213/130-liesure-time-article.html Recommendations for today http://blogs.dstreetdirect.com/joesb213/129-recommendations-today.html Thu, 22 Nov 2007 09:09:47 GMT date 11/22/07 time 2.38 pm These were my recommendations for today. There is not a chance of them being achieved and hence no position taken... date 11/22/07 time 2.38 pm

These were my recommendations for today. There is not a chance of them being achieved and hence no position taken today.
Attached Files
]]> joesb213 http://blogs.dstreetdirect.com/joesb213/129-recommendations-today.html Questions answered http://blogs.dstreetdirect.com/joesb213/126-questions-answered.html Wed, 21 Nov 2007 18:05:38 GMT Date 11/21/07 time 11.28 pm Hi All, I am glad at lthere were some questions asked about the recommendations that i had posted. Thanks paresh... Date 11/21/07 time 11.28 pm

Hi All,
I am glad at lthere were some questions asked about the recommendations that i had posted. Thanks paresh for raising these questions. Here are your questions and my answers.
What is the meaning of the word "u" in the recommendation?.
The symbol "U" stands the side in which u will be wanting the trade to go. In the said recommendations it was on the upside that u will want the trade to go. Hence the "U".

[FONT='Verdana','sans-serif']Also, I take it that when you say put in your trade at the closing of the day when Nifty condition is satisfied, you mean after 2:30pm or more like 3:15pm?? [/FONT]
Yes it would be better to start with 2.30 onwards to know what is achieving the said target. After that the actual trade should be taken after 3.15 onwards. So for action purposes u can take the critical time to mean 3.15 pm.

What will be the exit point?
That will be told to customers in the email which we send to them at the end of that day. So for the said day it will come to you by 10.00 pm on the day u have bought a particular stock. In case u have taken a position and the target is not being achieved we will inform u in the market hours on a real time basis when u should get out.
I hope these satisfy u.
If there are any more questions they r most welcome. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/126-questions-answered.html How to read the recommendations http://blogs.dstreetdirect.com/joesb213/123-how-read-recommendations.html Mon, 19 Nov 2007 13:14:08 GMT Date 11/19/07 time 6.40 pm Hi All, this is how the recommendations have to be read. There are two pricec columns one which gives the close as... Date 11/19/07 time 6.40 pm

Hi All,
this is how the recommendations have to be read. There are two pricec columns one which gives the close as of the day and the other is of the trigger. The days close is the pricee of the stock as it closed on the day this recommendation was sent to u i.e 11/16/07. This pricec has nothing to do with execution of the trade. The trigger price is the price at which u will buy the stock on the next trading day. The trtrigger price is the price as of the close, which means that even if this price is touched intraday u will not buy it at that point of time. This is done to ensure that u buy it only when it is closing above th said price or above. The nifty trrigger mentioned on top is another condition that will needd to be satisfied. The pricec given for nifty futures trigger is the price above which the nifty should be holding when the day is closing. There is one mroe condition which can be given out to people who are our clients. these three conditions togather go to make a kethal ammunitin at ur disposal in stock taking. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/123-how-read-recommendations.html These were my recommendations for the day http://blogs.dstreetdirect.com/joesb213/122-these-were-my-recommendations-day.html Mon, 19 Nov 2007 12:59:52 GMT Date 11/19/07 time 6.28 pm Hi All, My package ultimately is now operational in real time basis. The attache file gives u a extract of how i... Date 11/19/07 time 6.28 pm

Hi All,
My package ultimately is now operational in real time basis. The attache file gives u a extract of how i recommend to my clients. The said file comes to my clients on the closing of the day i.e in this case it is 11/16/07. It tells u what is to be done at the close on the next trtading day.
Attached Files
]]> joesb213 http://blogs.dstreetdirect.com/joesb213/122-these-were-my-recommendations-day.html What a week its going to be http://blogs.dstreetdirect.com/joesb213/89-what-week-its-going.html Tue, 09 Oct 2007 05:02:11 GMT Date 10/09/07 time 10.29 am This week i think i am going to get the much needed rest after all the action of the last few weeks. Tday the market... Date 10/09/07 time 10.29 am
This week i think i am going to get the much needed rest after all the action of the last few weeks. Tday the market will go into the buy moded nly atfre it manages to come up above 5141.6. I think i erronoulsy quoted 5146 in the elder gulls thread. Anyways i do use my advanced systems to go short in these kid of markets but i cant write back about them. So havent got much to pen down as i will just sit it out till i see something worthwhile. Oh by the way when i say i will sit out i mean i will sit out of writing here. I shall be trading for sure. I iwsh people end up buying for i am waiting to sell. Adios. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/89-what-week-its-going.html So fast and so true http://blogs.dstreetdirect.com/joesb213/75-so-fast-so-true.html Wed, 03 Oct 2007 08:51:31 GMT Date 10/03/07 time 2.19 pm The hurly charts in nifty cash have given a sell signal at 5154.95 and I am out of everything. The market today was a... Date 10/03/07 time 2.19 pm
The hurly charts in nifty cash have given a sell signal at 5154.95 and I am out of everything. The market today was a real nicec mother i should say it gave signals in Bhel, LT and tatamotors on hourly charts and all of them so easily fructified their targets. It was impossible to come here and write anything about it as i have clients to be handled and my own positions too. Hence writing has to wait. But all in all a cute day to say the least. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/75-so-fast-so-true.html Clarification http://blogs.dstreetdirect.com/joesb213/68-clarification.html Fri, 28 Sep 2007 08:26:53 GMT Date 09/28/07 time 1.54 pm There is need for clarification here. I had written in my thread of eldersgull diary that i wont be participating in... Date 09/28/07 time 1.54 pm

There is need for clarification here. I had written in my thread of eldersgull diary that i wont be participating in the stocks right now. While as my previous post here said that i will wait to buy ITC. To a lay reader it may seem contradictory. It is not. What i have written in the thread is to take hourly charts while as what i am writing here is for day charts. The two are very different. A casual reader of my posts will be confused by this. But this is not the fora to exxplain to a casual reader what is happening it is for a trtader to undeerstand what i am writing and the context in which i am writing that. I hope the reader is nto too confuse with it. There is very limited i can do about his/her confusion. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/68-clarification.html Though call http://blogs.dstreetdirect.com/joesb213/67-though-call.html Fri, 28 Sep 2007 08:23:00 GMT date 09/28/07 time 1.48 pm There is only one stock that i am concentarting on at the moment from the long side and that is ITC. But lot of work... date 09/28/07 time 1.48 pm

There is only one stock that i am concentarting on at the moment from the long side and that is ITC. But lot of work needs to be done by the stock the level to wacth out for is 187.30 at the days close. That is one condition that needs to be satisfied, there are a couple of more so wont say anything about buying it right now. But by 3.30 pm i am sure that one will be able to take a call on it. As i write this ITC is ruling at 189.30 and so it is more then ahead of our required figure. Lets keep our fingers crossed. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/67-though-call.html Well Well Well http://blogs.dstreetdirect.com/joesb213/66-well-well-well.html Thu, 27 Sep 2007 12:47:38 GMT Date 09/27/07 time 6.11 pm

I was just going through the hourly charts and i have this to say " tomorrow at 11.00 if it (nifty cash) were to close above 5014 then i will renter on the long side. On monthly, Weekly Daily charts the nifty is cosily placed. On hourly charts though the first signs of taking a breather are evident. Today a signal at 11.00 on nifty cash has not fructified its target. This is the first sign of weakness. Tomorrow i think if it does close above 5014 at 11.00 am then i will be drawn to it from the long side. i will be extremely careful though. Remember our first aim in any trade is to safegaurd our capital the profits take care of themselves. Eventually as it runs out of steam there will come a time when the first hourly chart signal will fail, ,hat is our cue to be standing out. Buying, selling and not doing anythig is a active position a trader can take. It takes quite a character to stand on the sidelines when seemingly so much is happening. All the above that i have written is with hourly charts in mind, mind u about that. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/66-well-well-well.html Nice pattern http://blogs.dstreetdirect.com/joesb213/64-nice-pattern.html Thu, 27 Sep 2007 07:50:20 GMT Date 09/27/07 time 1.16 pm

I am sorry because in my earlier post i had written that the hourly closing for "2" instead of 1.00 pm was at 4995.. The pattern that is being formed in hourly charts is one of "basing bottom". The break out has happeneed at 12.57 at 4988. As i am wacthing the tick by tick chart there has been a very nice pull back from the levels of 4995 to 4988 and this is extremely good for the stock what needs to be remembered from the long side is that it should not be closing below 4988 as that would be a bit worrysome. The meausring implication also tkaes us to the target that my systems gives me which is at 5010-5015. So all ye pls stay on course, we are likely to see a nice landing, But for the pilo that is me its never over till we ahve arrived and the plane has stopped successfully. So enjoy ur ride. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/64-nice-pattern.html Hourly report 1.00 pm on 09/27/07 http://blogs.dstreetdirect.com/joesb213/63-hourly-report-1-00-pm-09-27-07.html Thu, 27 Sep 2007 07:35:50 GMT Date 09/27/07 time 1.01 pm The market has managed tosurive the first two hours. The signals whenever they come about fructify with great ease.... Date 09/27/07 time 1.01 pm

The market has managed tosurive the first two hours. The signals whenever they come about fructify with great ease. It is not the case here Today the market has given a buy at 11.00 am at 4976.25 and has meandered at that level this means that there is great indecision in the markets. The level for 2.00 pm is worth watching out for. The closing price at 2.00 pm at which the signal will be negated is at 4975. Having said that i should also give u the target that is to be achieved for this signal, it comes to 5010-5015. I think we are smoothly sailign as of now. For the closing for 2.00 has come at 4995.10 ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/63-hourly-report-1-00-pm-09-27-07.html Houlry report for 09/27/09 http://blogs.dstreetdirect.com/joesb213/62-houlry-report-09-27-09.html Thu, 27 Sep 2007 07:13:55 GMT Date 9/27/07 time 12.41 pm The hourly charts have given a buy signal for the cash nifty at 11.00. This means that the market should go up from... Date 9/27/07 time 12.41 pm

The hourly charts have given a buy signal for the cash nifty at 11.00. This means that the market should go up from here for at least today. Remember if the signal were to fail then that means that a top is being formed. The stocks to be bought cannot be put down here for lack of time. I have decided to just give the nifty momevment as the movement of the maret determine to a large extent the movement of individual stocks. By the way the clsoing for nifty cash at 11 am was 4976.25 ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/62-houlry-report-09-27-09.html hourly posting http://blogs.dstreetdirect.com/joesb213/61-hourly-posting.html Wed, 26 Sep 2007 12:23:27 GMT Date 09/26/07 time 5.51 pm i was trrying my best today to juggle between my hourly positions and these postings but have to say it i faileed... Date 09/26/07 time 5.51 pm

i was trrying my best today to juggle between my hourly positions and these postings but have to say it i faileed miserably. I would surely have been able to tell u all which scrip to sell instead of the posting that i gave which talked about a impending top. But i guess when u work the way i do there is no gainsaying the fact that i cant be doing both things writing and also trading. It is perfectly okay when u r trading day charts but when u get down to the game in hurly charts only signal points can be mentioneedd nothing more then that, there is never tie enough when in hourly charts. ]]> joesb213 http://blogs.dstreetdirect.com/joesb213/61-hourly-posting.html