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A FUSION TRADING STRATEGY |
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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Post: #301  Posted: Thu Apr 12, 2012 3:28 pm Post subject: Re: hi |
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| som09 wrote: | hi RK
have a look at jindal steel is it having a fusion trade or not?
regards
sachin |
Hi Som,
Yes Jindal is making a Fusion with a very good volume. Infact thats the other one i picked for todays trade.
Vishy
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som09
White Belt
Joined: 03 Jan 2011
Posts: 17
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| Post: #302 Posted: Thu Apr 12, 2012 3:36 pm Post subject: Re: hi |
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Thanks vishy but ETA is very short so i have doubt abt tht
| vishyvaranasi wrote: | | som09 wrote: | hi RK
have a look at jindal steel is it having a fusion trade or not?
regards
sachin |
Hi Som,
Yes Jindal is making a Fusion with a very good volume. Infact thats the other one i picked for todays trade.
Vishy |
Last edited by som09 on Thu Apr 12, 2012 3:51 pm; edited 1 time in total |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #303 Posted: Thu Apr 12, 2012 3:46 pm Post subject: Re: hi |
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| som09 wrote: | Thanks vishy but EPA is very short so i have doubt abt tht
| vishyvaranasi wrote: | | som09 wrote: | hi RK
have a look at jindal steel is it having a fusion trade or not?
regards
sachin |
Hi Som,
Yes Jindal is making a Fusion with a very good volume. Infact thats the other one i picked for todays trade.
Vishy |
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hi Som,
Infact i am not that senior. But what i fel is the EPA is attractive. the thing is today i had clearly given a signal of COG. So one shld have taken the position today itself say around 490 lvls. Also the ETA seems to be vry close as well. Anyways it will be fine if RK speells his views upon this bcoz he is the master of the art whereas i am his disciple.
Vishy
WAT DO U SAY RK.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #304 Posted: Thu Apr 12, 2012 6:41 pm Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | | rk_a2003 wrote: | | vishyvaranasi wrote: | | rk_a2003 wrote: | Vishy
Converging is around 20th. You can take a position today.You could have taken a position around 104 where it consolidated for around 2 hours above the opening price. |
Hi RK,
I Just wanted to know wether this is a valid Fusion so that i can b a bit more confident.had taken the position at 105.40 for a tgt of 111. Sl 101.
Vishy |
Vishy,
SL is 100.50.Keep on booking partial profits at Midddle B.B ,Upper trendline and final target with setting TSL's to remaining quantity. Always trade sensibly.
Your identification of fusion is perfect.  |
Hi RK,
Thanx a lot for your advice and comments. Infact had bot only 1 lot.So will have to wait for the middle bb for the tgt and exit. Showing a nice move as of now.
Once again thanx fOne more thing u had said the SL is 100.50.Why? Bcoz the low made while the cog happened is 101.60 in Ster-1M. Can u pl. explain.is it that u r talikng seeing the Ster EQ chart rather than Ster-1m chart
Vishy |
Vishy
I never refer Future prices .It's Eqity price.Future may have Discount /Premium.I follow Eqity price to enter or exit.The price low on 11-04-2012 was 100.65 that's why I rounded SL to 100.50.
You may still trade in futures but will have to use EQ prices for entry/exit irrespective of discount/premium in futures.
This particular trade doesn't have attractive Risk Reward, still it's ok.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #305 Posted: Thu Apr 12, 2012 6:51 pm Post subject: |
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This is the Zindal Chart.It's a +ww rather than Fusion. Will you be able to tell the reason? Vishy and Som.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #306 Posted: Thu Apr 12, 2012 8:08 pm Post subject: RK, |
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| rk_a2003 wrote: | | This is the Zindal Chart.It's a +ww rather than Fusion. Will you be able to tell the reason? Vishy and Som. |
hi Rk,
Gone thru the chart,
1. Its a WW
2. The number of candles in Wave 4 is ok
3. The tail is piercing the BB
4. COG has happenned
5. Volume increased.
Is that the tail hasnt pierced thru the BB LB
Everything seems to be perfect in this RK.Well, if there is still which i cant find then it is really interesting to know it.
Let me know.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #307 Posted: Thu Apr 12, 2012 8:13 pm Post subject: |
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Is that the tail hasnt pierced thru the BB LB
Yes! That is the reason.It has just touched.not pierced.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #308 Posted: Thu Apr 12, 2012 8:26 pm Post subject: Yep |
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| rk_a2003 wrote: | Is that the tail hasnt pierced thru the BB LB
Yes! That is the reason.It has just touched.not pierced. |
Hi RK,
Thnx. Infact had thought abt it in te last minute after seeing for the second time. Anyways things like these build confidence
vishy
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #309 Posted: Thu Apr 12, 2012 8:54 pm Post subject: hi RK |
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Hi RK,
One more doubt persisiting in my mind is, for say we had found the fusion late but the price hasnt reached the target, can we still enter the trade when price comes to a certain lvl of comfort or we shld not enter bcoz that seems a bit fading. Hope u got my point.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #310 Posted: Thu Apr 12, 2012 9:12 pm Post subject: Re: hi RK |
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| vishyvaranasi wrote: | Hi RK,
One more doubt persisiting in my mind is, for say we had found the fusion late but the price hasnt reached the target, can we still enter the trade when price comes to a certain lvl of comfort or we shld not enter bcoz that seems a bit fading. Hope u got my point.
Vishy |
I don't prefer it.My first preference is entry on the same day when COG happens.Leave the late founds.
The Fusion setup works excellent when it is coincided with Index reversal too.If we are able to find some reliable method to synchronise our Fusion trades with Nifty reversals too;Sky will be the limit for the profits.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #311 Posted: Tue Apr 17, 2012 10:06 am Post subject: Relcapital - Daily chart |
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Hi RK,
herewith attaching Rel capital Daily chart. COG seems to b happenning today. Can we take a pisotion now or it is too early to call it a COG.
Pl. reply
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #312 Posted: Tue Apr 17, 2012 10:44 am Post subject: |
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Hi Vishy
It could be too early especially today in the backdrop of RBI policy announcement due. 
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #313 Posted: Fri Apr 20, 2012 7:53 pm Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | | rk_a2003 wrote: | | vishyvaranasi wrote: | | rk_a2003 wrote: | Vishy
Converging is around 20th. You can take a position today.You could have taken a position around 104 where it consolidated for around 2 hours above the opening price. |
Hi RK,
I Just wanted to know wether this is a valid Fusion so that i can b a bit more confident.had taken the position at 105.40 for a tgt of 111. Sl 101.
Vishy |
Vishy,
SL is 100.50.Keep on booking partial profits at Midddle B.B ,Upper trendline and final target with setting TSL's to remaining quantity. Always trade sensibly.
Your identification of fusion is perfect. |
Hi RK,
Thanx a lot for your advice and comments. Infact had bot only 1 lot.So will have to wait for the middle bb for the tgt and exit. Showing a nice move as of now.
Once again thanx fOne more thing u had said the SL is 100.50.Why? Bcoz the low made while the cog happened is 101.60 in Ster-1M. Can u pl. explain.is it that u r talikng seeing the Ster EQ chart rather than Ster-1m chart
Vishy |
Interestingly today i.e on 20th Sterlite reached it’s first target 111 ( day high is 111.55).
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #314 Posted: Fri Apr 20, 2012 9:01 pm Post subject: Re: Hi RK, |
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| rk_a2003 wrote: | | vishyvaranasi wrote: | | rk_a2003 wrote: | | vishyvaranasi wrote: | | rk_a2003 wrote: | Vishy
Converging is around 20th. You can take a position today.You could have taken a position around 104 where it consolidated for around 2 hours above the opening price. |
Hi RK,
I Just wanted to know wether this is a valid Fusion so that i can b a bit more confident.had taken the position at 105.40 for a tgt of 111. Sl 101.
Vishy |
Vishy,
SL is 100.50.Keep on booking partial profits at Midddle B.B ,Upper trendline and final target with setting TSL's to remaining quantity. Always trade sensibly.
Your identification of fusion is perfect. |
Hi RK,
Thanx a lot for your advice and comments. Infact had bot only 1 lot.So will have to wait for the middle bb for the tgt and exit. Showing a nice move as of now.
Once again thanx fOne more thing u had said the SL is 100.50.Why? Bcoz the low made while the cog happened is 101.60 in Ster-1M. Can u pl. explain.is it that u r talikng seeing the Ster EQ chart rather than Ster-1m chart
Vishy |
Interestingly today i.e on 20th Sterlite reached it’s first target 111 ( day high is 111.55). |
Hi RK,
Yes infact as i had bot in FNO i had exited my position yesterday itself. But in this strategy finding a stock with perfect fusion is difficult. As tomorrow and Sun day are non trading days. I will try to find and post some charts. U pl. take time to go thru and revert back with suggestions.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #315 Posted: Fri Apr 20, 2012 9:23 pm Post subject: |
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Vishy
I only can say most part of the trading game is waiting. The one who understand this in true sense only will be successful in trading. Compulsive trading is a sure way to failure.
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