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Swing Trading : The Speculator way |
shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #1 Posted: Wed Jan 20, 2010 9:37 am Post subject: Swing Trading : The Speculator way |
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Hello everybody,
I have edited the archive of Jan 05, 2010 wherein Speculator has explained his Swing trading technique and attached here for easy reading.
Starting this thread so that people who have gained little knowledge about the method should share it here.
And request to the Speculator to make time available to suggest and make corrections.
I think it would be quite easy here, to go through various suggestions and updates at EOD.
SHEKHAR
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mayurnsk Moderator
Joined: 18 Jan 2007 Posts: 216 Location: Nasik, Maharashtra
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Post: #2 Posted: Wed Jan 20, 2010 10:16 am Post subject: |
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Hi shekharinvest
Nice work. I always like to thank people who make some effort to post in forum something real good about trading. Its encouraging efforts from you. Just keep it up.
Lets hope ichartians would come up in this thread to disscuss real swinging things about trading after reading your file.
Once again thanking you for making such effort for posting in forum.
Regards
Mayuresh Jahagirdar
Nasik
Maharashtra
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #3 Posted: Wed Jan 20, 2010 4:17 pm Post subject: |
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Hi,
Posted below is today's chart detailing all the action.
Current position is short with SL 5246, which happen to be the the point where we turn to Longs.
If tomorrow NF make a new low that is, it goes below 5196 then 5232 will be the New swing Pivot, we bring down SL to 5232 and reverse to Long from there.
Hope I have understood correctly.
SHEKHAR
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #4 Posted: Wed Jan 20, 2010 5:01 pm Post subject: |
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mayurnsk wrote: | Hi shekharinvest
Nice work. I always like to thank people who make some effort to post in forum something real good about trading. Its encouraging efforts from you. Just keep it up.
Lets hope ichartians would come up in this thread to disscuss real swinging things about trading after reading your file.
Once again thanking you for making such effort for posting in forum.
Regards
Mayuresh Jahagirdar
Nasik
Maharashtra |
Thanks Mayur for encouraging words,
SHEKHAR
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Speculator Expert
Joined: 15 Apr 2008 Posts: 149
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Post: #5 Posted: Wed Jan 20, 2010 5:38 pm Post subject: Updated Swing Pivots doc - Revision 1 |
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Firstly thanks to Shekharinvest for investing his time in preparing this document. I updated the document, removed some unwanted comments and added a section on stop loss management.
Enjoy !
Naveen Swamy
A.K.A Speculator
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swingpivots.doc |
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sandew White Belt
Joined: 02 Feb 2009 Posts: 174
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Post: #6 Posted: Wed Jan 20, 2010 8:36 pm Post subject: |
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Thank You Shekhar. We look forward to your daily posts for at least few more days. We appreciate your efforts. and those of Speculator.
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smsmss White Belt
Joined: 13 Oct 2009 Posts: 123
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Post: #7 Posted: Wed Jan 20, 2010 9:23 pm Post subject: great work |
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hello shekhar great work done buddy....it will be very helpful for the people to get to know swing trading better..and of course spec is there to guide us all..
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mayurnsk Moderator
Joined: 18 Jan 2007 Posts: 216 Location: Nasik, Maharashtra
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Post: #8 Posted: Wed Jan 20, 2010 9:54 pm Post subject: Re: Updated Swing Pivots doc - Revision 1 |
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NaveenSwamy wrote: | Firstly thanks to Shekharinvest for investing his time in preparing this document. I updated the document, removed some unwanted comments and added a section on stop loss management.
Enjoy !
Naveen Swamy
A.K.A Speculator |
Hey Speculator
Big cheers from a bhaloo
Regards
Mayuresh Jahagirdar
Nasik
Maharashtra
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varun_alld White Belt
Joined: 14 Dec 2009 Posts: 25
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #10 Posted: Thu Jan 21, 2010 4:56 pm Post subject: |
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Hi,
Not much action on Pivots front. Swing pivot still at 5232. Current position is still short, if not booked at ones discretion.
SHEKHAR
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #11 Posted: Fri Jan 22, 2010 2:21 pm Post subject: Re: can any one answer this question .......please?? |
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varun_alld wrote: | ...on 18 dec the swing pivot of 5048 was established because after rejection on 5048 nifty made a new low of 4975...
...now on 21 dec nifty made a further low of 4938 at around 3:15 PM?why was the swing pivot not changed from 5048 to 4988.55?? since 4988 was the closest rejection from 34 EMA on 21st dec....before nifty made a new low of 4938..???
if this 4988 swing pivot had been declared then spec's next day (22 dec) move would have been justified??..
Am i right?? |
Hi,
Yes, Varun you have rightly raised a valid point.
Was waitng for the spec's response which he did gave in the SB to you.
I am posting his reply here for every body.
" Speculator: Varun, there is nothing wrong with calling 4991.55 as the swing pivot, since it was pretty close to the 34 ema, although it did not touch it, it's not necessary that it touches it. Close enough is good so yes, you could call 4991.55 as a swing pivot.
I consider the 5048 as a significant pivot as it had a clear touch of the 34 ema. 4991 is a little bit iffy."
SHEKHAR
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #12 Posted: Fri Jan 22, 2010 4:03 pm Post subject: |
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Hi,
Today price was rejected from 34 EMA and the RSI was overbought, hence fresh short was created after the first red candle @ 5040 with SL at the high of the green candle 5074. Please note we do not reverse above 5074 as of now.
Although, I have covered my shorts at the day end as I do not carry trades at the weekend. Need to learn hedging from Speculator ! As per setup short trade to be carried.
SHEKHAR
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varun_alld White Belt
Joined: 14 Dec 2009 Posts: 25
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Post: #13 Posted: Sun Jan 24, 2010 2:58 pm Post subject: gr88 WORK SHEKHAR!!!!!!!! |
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just keep updating this FORUM on a daily basis ...
and doo keep on pasting these charts on daily basis...
This would really help us all on a long term basis
CHEERSSS!!!!!!!!!!
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #14 Posted: Mon Jan 25, 2010 5:00 pm Post subject: |
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Hi,
Those who were short from 5247, and the ones who created fresh shorts at 5040 should have closed their shorts @ 4990-95 at close of 10:45 candle.
As the RSI came out of the OS and price failed to make new low, indicating sideways move for the time being.
2:15 candle has closed above 34 next candle came close to 34 and got rejected in the next green candle hence the setup type - 2 is ready for long @ 5025 -15 during 3:00 pm candle with SL at swing low 4976. Now sincerely pray.
If on Wednesday price manages to close above 34 EMA without breaching 4976 swing reversal to the upside is confirmed.
SHEKHAR
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #15 Posted: Wed Jan 27, 2010 4:12 pm Post subject: |
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Hi,
So the buy setup failed. SL @4976 trigerred & everbody is short now. Nothing much to write about.
New swing pivot is now 5039 above which we can reverse.
SHEKHAR
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