| View previous topic :: View next topic |
| Author |
A FUSION TRADING STRATEGY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
Post: #241  Posted: Tue Mar 06, 2012 4:35 pm Post subject: |
 |
|
Vishy
HDFC is definitely not going to be a fusion qualifier. You need to plot 20 (2) Bollinger bands also as an overlay. Volume and CCI (5) are enough for Fusion Strategy along with B.B. You may also mention the time frame.
For Grasim the chart is not clear enough and B.B is also missing, sorry! cannot comment at present with the available inadequate information.
|
|
| Back to top |
|
 |
|
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #242 Posted: Tue Mar 06, 2012 4:42 pm Post subject: |
|
|
| rk_a2003 wrote: | Vishy
HDFC is definitely not going to be a fusion qualifier. You need to plot 20 (2) Bollinger bands also as an overlay. Volume and CCI (5) are enough for Fusion Strategy along with B.B. You may also mention the time frame.
For Grasim the chart is not clear enough and B.B is also missing, sorry! cannot comment at present with the available inadequate information. |
Thnx RK
Will be back with other scrips .
Vishy
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #243 Posted: Tue Mar 06, 2012 4:48 pm Post subject: HDFC 60 Min TF -RK your vies of Fusion |
|
|
Had attached 60 min TF of HDFC . So, RK ,pl. let me know your views
| Description: |
|
Download |
| Filename: |
hdfc.doc |
| Filesize: |
131.5 KB |
| Downloaded: |
291 Time(s) |
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #244 Posted: Tue Mar 06, 2012 6:13 pm Post subject: |
|
|
Vishy
In your WW consider your point 3 as 1, 4 as 2, 5 as 3 and extend in the same way points 4& 5 and redraw WW we should always try to trade latest WW. The WW drawn by you is fine but it's a bit old 
Coming to the fusion there is no bottoming tail at point 5.Therefore it won't qualify for fusion. Please revisit the initial pages of this thread for refreshing the strategy. It will enhance your success in trading if you master this concept.So worth investing your time.
I covered all my earlier losses by following WW and Fusion strategy. We should wait patiently till we get a trade in any of the scrip with all the indictors lined up as per the strategy.
Right entry at the right time is crucial in this technique. You need to enter as soon as the COG is confirmed (reversal candle) .That’s again a skill need to be practiced. If you managed to do so the excellent RRR and high sucess ratio of this strategy will take care of the rest.
The major part of the trading game is waiting. One should not be a compulsive trader. Should wait patiently till he gets the required signal.
Keep going Vishy.But before posting keep a check list for your self and verify.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #245 Posted: Tue Mar 06, 2012 7:11 pm Post subject: Thnx |
|
|
| rk_a2003 wrote: | Vishy
In your WW consider your point 3 as 1, 4 as 2, 5 as 3 and extend in the same way points 4& 5 and redraw WW we should always try to trade latest WW. The WW drawn by you is fine but it's a bit old
Coming to the fusion there is no bottoming tail at point 5.Therefore it won't qualify for fusion. Please revisit the initial pages of this thread for refreshing the strategy. It will enhance your success in trading if you master this concept.So worth investing your time.
I covered all my earlier losses by following WW and Fusion strategy. We should wait patiently till we get a trade in any of the scrip with all the indictors lined up as per the strategy.
Right entry at the right time is crucial in this technique. You need to enter as soon as the COG is confirmed (reversal candle) .That’s again a skill need to be practiced. If you managed to do so the excellent RRR and high sucess ratio of this strategy will take care of the rest.
The major part of the trading game is waiting. One should not be a compulsive trader. Should wait patiently till he gets the required signal.
Keep going Vishy.But before posting keep a check list for your self and verify.
|
hi RK,
Thnx for your advice . Yes as u said shld always try to trade the latest. Thanx once again for taking time.i understood your point but just to clarify me clearly i expected the green rejection candle today in 60tf of hdfc to start the bull side .9AS POINT 50. So, i would reallyh appreciate if u can clarify me in detail
vishy
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #246 Posted: Tue Mar 06, 2012 9:32 pm Post subject: |
|
|
Vishy
Revisit the thread.Just a bullish reversal candle is not enough for Fusion set up.It is ok with WW trades.We need 3 or more continuous Bearish/Bullish candles with a bottoming /topping tail at climax with substantial increase in volumes.The tail can be accepted even with a change of guard candle.
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #247 Posted: Wed Mar 07, 2012 8:43 am Post subject: |
|
|
Find the chart with self explanation.Also may observe RSI div which strengthens the case further.
| Description: |
|
| Filesize: |
52.09 KB |
| Viewed: |
275 Time(s) |
|
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #248 Posted: Wed Mar 07, 2012 2:48 pm Post subject: IDFC 15Min TF |
|
|
RK,
Sorry to bother you again. This is actaully a practical trade done by me. Had bot IDFC troday with the chart attached below. Clarify me wether it is a viable trade or a fault trade. Had traded coz it will be better to know practically rather than just testing.
For your info Bot a lot at 136.00 sold at 139.50.Thought of waiting but on a 15 TF the stock seems to be resisting at 200 SMA.
Vishy
| Description: |
|
Download |
| Filename: |
IDFC.doc |
| Filesize: |
147 KB |
| Downloaded: |
290 Time(s) |
Last edited by vishyvaranasi on Wed Mar 07, 2012 3:38 pm; edited 1 time in total |
|
| Back to top |
|
|
Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
|
| Post: #249 Posted: Wed Mar 07, 2012 2:53 pm Post subject: |
|
|
| Ranbaxy closing stop loss hit-- RK can we get again
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #250 Posted: Wed Mar 07, 2012 3:20 pm Post subject: |
|
|
Rahul! The charts I was posting under Fusion are mostly Probable trades yet to be triggered .One may observe that I was posting them in anticipation for the reason In case of COG one can take entry on the same day for greater advantage.
If there is no COG .There is no trade. I believe COG is not yet confirmed for Ranbaxy. Even the SL mentioned is also obviously applicable once the trade is triggered. What if the trade is not triggered ?Whether the setup is valid or not? It depends, may or may not.
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #251 Posted: Wed Mar 07, 2012 3:38 pm Post subject: |
|
|
Vishy
IDFC trade you have posted was a WW trade not a fusion trade.
It is fine to take a trade based on WW,if you are trading the latest WW.You should have taken entry at the first COG ( First Green candle).
The SL should be lowest point at 5. One may adapt suitable TSL to lock in profits.
|
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #252 Posted: Wed Mar 07, 2012 3:41 pm Post subject: |
|
|
CONGRATS RK!!!!!!!!!! FOR BECOMING GREEN..... 
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #253 Posted: Wed Mar 07, 2012 3:42 pm Post subject: THANX RK |
|
|
| rk_a2003 wrote: | Vishy
IDFC trade you have posted was a WW trade not a fusion trade.
It is fine to take a trade based on WW,if you are trading the latest WW.You should have taken entry at the first COG ( First Green candle).
The SL should be lowest point at 5. One may adapt suitable TSL to lock in profits. |
RK, Thanx for your reply. From your view i seem to be ok with the first part of Fusion Trading(find a WW) but shld practise the later part.Anywasy i will try to assess the same IDFC with the Fusion System as elaborated earlier and get back to you. Tomorrow being a Trading holiday hope you can find time to clarify me in my findings. I will write down clearly why i thought it is a fusion strategy .
Hope u can help me in this regard.
Thanks again RK
Vishy
|
|
| Back to top |
|
|
sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
|
| Post: #254 Posted: Wed Mar 07, 2012 3:55 pm Post subject: |
|
|
R.k sir,
Ranbaxy COG took place. But there is no high volume at pt 5 which is a criteria for fusion strategy. ur views pls.
rgds,
sangi
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #255 Posted: Wed Mar 07, 2012 5:27 pm Post subject: |
|
|
| sangi wrote: | R.k sir,
Ranbaxy COG took place. But there is no high volume at pt 5 which is a criteria for fusion strategy. ur views pls.
rgds,
sangi |
Yes it is a concern.Even it has a long bottoming tail but no volume rise.Strictly speaking We can not consider this as Fusion trade.One component is missing.But if some one want to trade even if volume rise is not there it should be ok provided they took entry on the COG day.
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
