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A FUSION TRADING STRATEGY
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Author A FUSION TRADING STRATEGY
sonshu101
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Post: #151   PostPosted: Thu Jan 05, 2012 10:11 am    Post subject: Reply with quote
DLF Hovering around support area now ..
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rk_a2003
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Joined: 21 Jan 2010
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Post: #152   PostPosted: Thu Jan 05, 2012 10:37 am    Post subject: Reply with quote
Today I logged in late and saw DLF price below my entry price.Now set a stop loss at 176 ( point 5 ).Normally I set a SL at cost to cost.Unfortunately could not do that this time.
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rk_a2003
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Post: #153   PostPosted: Thu Jan 05, 2012 8:02 pm    Post subject: Reply with quote
Posting a DLF chart Update which is self-explanatory.

2012Jan5-DLF_EOD.png
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2012Jan5-DLF_EOD.png
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Rahulsharmaat
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Post: #154   PostPosted: Fri Jan 06, 2012 11:34 am    Post subject: Reply with quote
Can u please suggest that Stop loss is closing basic--
as today made 175.25--- so long is valid still

please reply
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rk_a2003
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Post: #155   PostPosted: Fri Jan 06, 2012 12:01 pm    Post subject: Reply with quote
Rahulsharmaat wrote:
Can u please suggest that Stop loss is closing basic--
as today made 175.25--- so long is valid still

please reply


175.50 can be SL on closing basis
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rk_a2003
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Post: #156   PostPosted: Sat Jan 07, 2012 10:21 am    Post subject: Reply with quote
SL triggered .First loss booked in this strategy mainly due to execution fault.I went long at 183.60 on the reversal day it self and then price went up to 191 I should be able to set TSL atleast cost to cost. Failed in that what ever be the reason and booked loss..

DLF formed a small +WW again.... Wait for a change of guard and take entry on the reversal day it self .It may move around 200 again.Reversal candle formation and entry on the same day is important.
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nsk1371
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Post: #157   PostPosted: Sat Jan 07, 2012 10:37 am    Post subject: Reply with quote
rk_a2003 wrote:
SL triggered .First loss booked in this strategy mainly due to execution fault.I went long at 183.60 on the reversal day it self and then price went up to 191 I should be able to set TSL atleast cost to cost. Failed in that what ever be the reason and booked loss..

DLF formed a small +WW again.... Wait for a change of guard and take entry on the reversal day it self .It may move around 200 again.Reversal candle formation and entry on the same day is important.

rk sir, chart attached of dlf, is that the ww u point out..

jcharts(3).png
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rk_a2003
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Post: #158   PostPosted: Sat Jan 07, 2012 11:03 am    Post subject: Reply with quote
Yes NSK

In your chart ignore wicks and join real body points then you will get perfect +WW. And one more thing RK is enough while addressing me I can't bear more weight Laughing
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rk_a2003
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Post: #159   PostPosted: Sat Jan 07, 2012 4:04 pm    Post subject: Reply with quote
Posting DLF Chart again.It again qualified for fusion.It formed a bullish candle in today's trade thus triggered long trade again.This time I took a 190 call.

First time trading a call based on this startegy.

2012Jan7-DLF_EOD.png
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Rahulsharmaat
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Post: #160   PostPosted: Sat Jan 07, 2012 8:37 pm    Post subject: Reply with quote
great

i also bought 190 call at 4 on friday --
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vinst
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Post: #161   PostPosted: Sat Jan 07, 2012 8:50 pm    Post subject: Reply with quote
rk_a2003 wrote:
Posting DLF Chart again.It again qualified for fusion.It formed a bullish candle in today's trade thus triggered long trade again.This time I took a 190 call.

First time trading a call based on this startegy.


rk,
today's candle on DLF is not looking like hammer or doji. difficult to call it reversal candle for ongoing downleg.
Also, CCI seems to be greater than -100 on last candle

Last edited by vinst on Sat Jan 07, 2012 9:06 pm; edited 1 time in total
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rk_a2003
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Post: #162   PostPosted: Sat Jan 07, 2012 9:01 pm    Post subject: Reply with quote
Vinst

Reversal candle need not be a hammer or doji( Either last bearish candle or reversal candle should have a bottoming tail. In this case last black candle has a bottoming tail).But a short trading session... Can it be considered or not is the question. I considered it.

Let us see..... A previous trade in DLF handed over me a loss and immedeately it offered another trade so I took it spontaniously thinking that two times this can not go wrong....But who knows?!
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rk_a2003
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Post: #163   PostPosted: Sat Jan 07, 2012 9:20 pm    Post subject: Reply with quote
After careful observation I found that the failed first trade in DLF is an outcome of technical glitch.

While observing in chart I saw that the bottom candle pierced through B.B But later even in posted chart too I observed that the piercing did not happen. I checked with other sites also….. Either it should be a tech.glitch with my charting software or oversight. But unfortunately no one even pointed it out.

But still …. this strategy do have multiple guns lined up even if B.B is out of ammunition other guns should have fired …They did too but….not for enough time to hand over profits to us……Any how I am sorry guys! for what happened….I should be more careful.

2012Jan7-DLF_FailedFusion_EOD.png
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vinst
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Post: #164   PostPosted: Sat Jan 07, 2012 10:51 pm    Post subject: Reply with quote
rk_a2003 wrote:
Vinst

Reversal candle need not be a hammer or doji( Either last bearish candle or reversal candle should have a bottoming tail. In this case last black candle has a bottoming tail).But a short trading session... Can it be considered or not is the question. I considered it.

Let us see..... A previous trade in DLF handed over me a loss and immedeately it offered another trade so I took it spontaniously thinking that two times this can not go wrong....But who knows?!


thanks,

Another one: wave 4 should have 3-4 candles.
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rk_a2003
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Post: #165   PostPosted: Sat Jan 07, 2012 11:10 pm    Post subject: Reply with quote
Yes But it's not limited to...... Minimum three continuous candles before piercing B.B.It could be more also.
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