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A FUSION TRADING STRATEGY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #406  Posted: Wed Aug 01, 2012 9:01 am Post subject: |
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Also find another one in lower time span in Powergrid.The trade is not yet triggered.Keep an eye.
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sonshu101
White Belt
Joined: 24 Nov 2011
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| Post: #407 Posted: Wed Aug 01, 2012 7:33 pm Post subject: |
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Hi Rk,
I noticed increased volume last few days from 110 to 120 levels. Dont you think that can be bullish too. if sustains above 120 then it can fire also.
Thanks,
Sonshu
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prst
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Joined: 24 Sep 2011
Posts: 87
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| Post: #408 Posted: Wed Aug 01, 2012 7:36 pm Post subject: |
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| rk_a2003 wrote: | | Also find another one in lower time span in Powergrid.The trade is not yet triggered.Keep an eye. |
good one bro.
increase in volume on point 5 and the hammer make it a favorable point to short.
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sonshu101
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Joined: 24 Nov 2011
Posts: 79
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| Post: #409 Posted: Wed Aug 01, 2012 7:45 pm Post subject: |
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Hammer formation okay. But how increase in volume make it more favorable to short. Generally if stock is increasing with volumes then does n't is mean bullish signal.
Thanks,
sonshu
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prst
White Belt
Joined: 24 Sep 2011
Posts: 87
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| Post: #410 Posted: Wed Aug 01, 2012 7:54 pm Post subject: |
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| sonshu101 wrote: | Hammer formation okay. But how increase in volume make it more favorable to short. Generally if stock is increasing with volumes then does n't is mean bullish signal.
Thanks,
sonshu |
Dear Sonshu,
The basic principle of wolfe wave says that point 5 should be accompanied by high volume as compared to surrounding days.
This will be an additional confirmation for the reversal to take place.
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sonshu101
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Joined: 24 Nov 2011
Posts: 79
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| Post: #411 Posted: Wed Aug 01, 2012 7:58 pm Post subject: |
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hmm. Thanks prst. I am new WW patterns 
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prst
White Belt
Joined: 24 Sep 2011
Posts: 87
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| Post: #412 Posted: Wed Aug 01, 2012 8:03 pm Post subject: |
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| sonshu101 wrote: | | hmm. Thanks prst. I am new WW patterns |
you are welcome sonshu.
you can get some intro to this at this site , http://voodootrader.com/wolfewave.htm
also there is a document from linda, but not sure how can it be shared.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #413 Posted: Wed Aug 01, 2012 8:33 pm Post subject: |
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| sonshu101 wrote: | Hi Rk,
I noticed increased volume last few days from 110 to 120 levels. Dont you think that can be bullish too. if sustains above 120 then it can fire also.
Thanks,
Sonshu |
Yes it can.Our trade not yet triggered.
Powergrid was consolidating in the range of 90-110 from the past 3 years.The upside breakout can be ferocious.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #414 Posted: Thu Aug 02, 2012 2:58 pm Post subject: |
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| Powergrid appears to be making a COG.Bravehearts may go for a Short(Only after the confirmation of COG).SL 120.70 (cash)
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #415 Posted: Thu Aug 02, 2012 4:16 pm Post subject: |
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| rk_a2003 wrote: | | Powergrid appears to be making a COG.Bravehearts may go for a Short(Only after the confirmation of COG).SL 120.70 (cash) |
A Doji has formed in Powergrid at lower levels compared to yesterday close.I took it as bearish candle and went for short.
My SL will be placed at 120.70
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amolghodekar
White Belt
Joined: 02 Apr 2011
Posts: 41
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| Post: #416 Posted: Fri Aug 03, 2012 9:59 am Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | | Powergrid appears to be making a COG.Bravehearts may go for a Short(Only after the confirmation of COG).SL 120.70 (cash) |
A Doji has formed in Powergrid at lower levels compared to yesterday close.I took it as bearish candle and went for short.
My SL will be placed at 120.70 |
HI Rk,
I see you are using Spot chart.. so how do u trade... taking Futures trade based on SPOT price...?
Anyway..Powergrid trade looks gud bet...
Regards,
Amol.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #417 Posted: Fri Aug 03, 2012 10:32 am Post subject: |
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Simple Amol.
Especially exit is only based on Cash price,Though you are trading in Futures,means there could be premium/discount in futures but we should not bother about it simply we trade.Entry is also based on COG in Cash
SL is preferably on EOD basis(Cash).It's again demands reading of situation so as to avoid running in to exceptional losses.Some one who can not do that may keep SL on intraday basis also.It may reduce the sucess rate a liittle bit.
This strategy call for some discreation on individual basis for entry/exit and also demands lots of patience.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #418 Posted: Tue Aug 07, 2012 11:23 am Post subject: -ww |
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Rksir,
your views pls.COG happening today. but so far less vol.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #419 Posted: Tue Aug 07, 2012 12:37 pm Post subject: Re: -ww |
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| sangi wrote: | Rksir,
your views pls.COG happening today. but so far less vol. |
Sangi,
It's a good -ww.One can trade it. Does not qualify for Fusion.As you said Volume rise at point 5 lacking and also it doesn't consist 3/4 continuous Bullish candles before change of Guard.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #420 Posted: Tue Aug 07, 2012 12:51 pm Post subject: Re: -ww |
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| rk_a2003 wrote: | | sangi wrote: | Rksir,
your views pls.COG happening today. but so far less vol. |
Sangi,
It's a good -ww.One can trade it. Does not qualify for Fusion.As you said Volume rise at point 5 lacking and also it doesn't consist 3/4 continuous Bullish candles before change of Guard. |
thank you rksir for the clarification.
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