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A FUSION TRADING STRATEGY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #256  Posted: Wed Mar 07, 2012 5:30 pm Post subject: |
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| psalm wrote: | CONGRATS RK!!!!!!!!!! FOR BECOMING GREEN.....  |
What is there in color Sam!.This world is full of colors.
However, thanks! I like Green.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #257 Posted: Wed Mar 07, 2012 5:33 pm Post subject: Re: THANX RK |
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| vishyvaranasi wrote: | | 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 |
Unfortuntely it's not a holiday for me vishy! 
I work tomorrow.
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vinst
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Joined: 09 Jan 2007
Posts: 3303
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| Post: #258 Posted: Wed Mar 07, 2012 7:29 pm Post subject: |
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RK,
congratulations !!
You have joined the 'EF' Group
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #259 Posted: Wed Mar 07, 2012 9:42 pm Post subject: |
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Thanks Vinst
By the way what is 'EF'?
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #260 Posted: Fri Mar 09, 2012 9:54 am Post subject: |
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| rk_a2003 wrote: | | 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. |
R.K.Sir,
One more query! pls. dont mind. When I posted the abv post (bfor cl. price adj.) Ranbaxy's closing price was 420.5, which ended up as COG candle. But aftr the cl. price adjustment it was 416.50 which was almost a red coloured doji. How to deal with such a situation if
1. someone has taken position on wednesday? (let us assume that the vol. is high) and a gap down today.
Regds,
Sangi
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #261 Posted: Fri Mar 09, 2012 10:24 am Post subject: |
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Sangi Sir,
Even a doji is considered as a trend reversal signal.It should be fine to take a position,How ever when we take a position thinking that a reversal white candle formed(It's true if we consider the actual closing price ).We can not change our position after adjusted price.( even it shows a doji or a red candle).Bottom line is ....Don't bother about such things.
We only can consider actual closings on the screen not adjusted prices.The SL should be the Lowest point at 5 on EOD basis.we need not consider opening down/up only should be concerned about EOD.
Again Trade management comes here what if it gap down very low and lingering there?.It's up to you to decide what is your tolerance level because there is a chance for even going further down and closing there.
Any strategy can give us general guide lines. During specific situations how to act can be decided best by the individual depending up on his risk tolerance.
However I see Ranbaxy in green right now,atleast for now there is no such dilemma.
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sangi
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Joined: 19 Jan 2008
Posts: 69
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| Post: #262 Posted: Fri Mar 09, 2012 10:43 am Post subject: |
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| thank you r.k.sir for ur guidelines
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #263 Posted: Sat Mar 10, 2012 5:31 pm Post subject: |
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A +Fusion trade triggered in Sterlite.COG is also in place ETA is a little far 1 ½ month away. Also find earlier –Fusion which almost reached EPA at ETA ( Which I missed to locate while in formation).RRR is a little above 1:2
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #264 Posted: Tue Mar 13, 2012 9:20 pm Post subject: |
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Update:
Sterlite closed at 120.30.Position is in a profit of more than 5% ( My entry is around 114).Setting a SL at cost to cost and sitting tight.Even if it goes up and closes high better not to attempt TSL;expect high volatality in coming day's in over all market.
Partial profits can be booked at middle B.B(around 123).
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #265 Posted: Wed Mar 14, 2012 5:58 pm Post subject: |
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| Partial Profits booked around 123. Today close at 120.40 rest carried with SL at cost to cost waiting for the target.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #266 Posted: Fri Mar 16, 2012 4:28 pm Post subject: |
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| Sterlite Stoploss triggered.Exited cost to cost for remaining.It happens many times the price makes a double bottom and starts there upward journey to meet the targets.In case of double bottom with RSI div. can take a long position again.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #267 Posted: Tue Mar 20, 2012 3:56 pm Post subject: |
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R.k.sir,
I hv attached (HDIL cash) eod chart.
my doubt is: 1. Today there is a green candle but didnt close inside the channel. If closes inside the channel tomorrow, can one go long as per fusion strategy? (as per plain ww one can).
i.e. shd COG happen in one candle or can wait for next candle as per fusion set up?
Pls. guide me.
Rgds,
Sangi
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #268 Posted: Tue Mar 20, 2012 7:12 pm Post subject: |
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One can take position preferably on the same day of COG once it is confirmed.That's my view and preference and was proposed in fusion strategy.Taking a position on the second day is also ok.
Waiting to close above Lower trend line etc is like paying some insurance premium.Nothing wrong in that approach too.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #269 Posted: Wed Mar 21, 2012 4:25 pm Post subject: |
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| rk_a2003 wrote: | One can take position preferably on the same day of COG once it is confirmed.That's my view and preference and was proposed in fusion strategy.Taking a position on the second day is also ok.
Waiting to close above Lower trend line etc is like paying some insurance premium.Nothing wrong in that approach too. |
R.k.sir,
Hdil took position @ open today. 8.84% up today. thank u very much for this strategy and guidelines.
rgds,
sangi
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #270 Posted: Wed Mar 21, 2012 4:28 pm Post subject: |
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Bhartiartl-eod.
chart attched. COG huge green candle and less volume. will wait for pullback if comes.
rgds,
Sangi
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