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A FUSION TRADING STRATEGY |
sangi White Belt
Joined: 19 Jan 2008 Posts: 69
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #422 Posted: Wed Aug 08, 2012 11:42 am Post subject: |
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Yes
It appears to be. Make sure about tail and then COG.
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amolghodekar White Belt
Joined: 02 Apr 2011 Posts: 41
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Post: #423 Posted: Wed Aug 08, 2012 11:51 am Post subject: |
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Hi RK,
As per attached chart of Ashok Leyland... at point V , volume has increased with 3-4 consecutive Red bars... As per fusion strategy, COG happened on 30-Jul-12 with close 22.45 (could be entry point) with SL of 21.10... Though I have not traded this, RK I hope the analysis is right as per Fusion strategy...
The only problem could be SL is huge (almost Rs. 10800)
Thanks,
Amol
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #424 Posted: Wed Aug 08, 2012 12:02 pm Post subject: Hid petro 60TF |
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Hi Rk,
Hope ur doing fine.
Herewith attaching Hindpetro 60 TF Chart.
Yr comments are awaited.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #425 Posted: Wed Aug 08, 2012 12:19 pm Post subject: |
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amolghodekar wrote: | Hi RK,
As per attached chart of Ashok Leyland... at point V , volume has increased with 3-4 consecutive Red bars... As per fusion strategy, COG happened on 30-Jul-12 with close 22.45 (could be entry point) with SL of 21.10... Though I have not traded this, RK I hope the analysis is right as per Fusion strategy...
The only problem could be SL is huge (almost Rs. 10800)
Thanks,
Amol |
Amol,
Sorry,The first and foremost condition a WW is not present here so no way it can be a fusion setup.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #426 Posted: Wed Aug 08, 2012 12:22 pm Post subject: Re: Hid petro 60TF |
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vishyvaranasi wrote: | Hi Rk,
Hope ur doing fine.
Herewith attaching Hindpetro 60 TF Chart.
Yr comments are awaited. |
Vishy,
What about CCI?if it is below -100 at point 5 .The setup appears to be fine.
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amolghodekar White Belt
Joined: 02 Apr 2011 Posts: 41
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Post: #427 Posted: Wed Aug 08, 2012 12:27 pm Post subject: |
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rk_a2003 wrote: | amolghodekar wrote: | Hi RK,
As per attached chart of Ashok Leyland... at point V , volume has increased with 3-4 consecutive Red bars... As per fusion strategy, COG happened on 30-Jul-12 with close 22.45 (could be entry point) with SL of 21.10... Though I have not traded this, RK I hope the analysis is right as per Fusion strategy...
The only problem could be SL is huge (almost Rs. 10800)
Thanks,
Amol |
Amol,
Sorry,The first and foremost condition a WW is not present here so no way it can be a fusion setup. |
Hi RK,
Could you please explain why it is not valid WW... still in learning phase..
Regards,
Amol...
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #428 Posted: Wed Aug 08, 2012 12:32 pm Post subject: |
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Point 3 is not toucing the TL
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #429 Posted: Wed Aug 08, 2012 2:41 pm Post subject: Re: Hid petro 60TF |
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Hi RK,
Sorry. Ya the CCI bfore the peircing candle is -187 and of the piercing candle is -81.Hope this mite suffice the rules of a Fusion.
Vishy
rk_a2003 wrote: | vishyvaranasi wrote: | Hi Rk,
Hope ur doing fine.
Herewith attaching Hindpetro 60 TF Chart.
Yr comments are awaited. |
Vishy,
What about CCI?if it is below -100 at point 5 .The setup appears to be fine. |
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amolghodekar White Belt
Joined: 02 Apr 2011 Posts: 41
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Post: #430 Posted: Wed Aug 08, 2012 4:45 pm Post subject: |
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rk_a2003 wrote: | Point 3 is not toucing the TL |
ooops .. got it..
Thanks RK
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #431 Posted: Fri Aug 17, 2012 1:47 pm 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 |
After a long wait (perhaps this is the longest waiting period In fusion startegy) Powergrid short went in to profits today.It closed at 120.45 on 6th(Short taken on 2nd).Fortunately SL not triggered. Partial profits booked and TSL cost to cost for the rest ...hhhhh....
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #432 Posted: Tue Aug 21, 2012 6:12 pm Post subject: |
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Powergrid TSL triggered today.No Fusion trades on hand.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #433 Posted: Wed Aug 22, 2012 5:43 pm Post subject: |
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A long fusion trade triggered in Hindalco today.
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #434 Posted: Sat Aug 25, 2012 10:10 am Post subject: Hi Rk |
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Hi RK,
Good morning,
Herewith attaching nthe chart of Bharat forg ,a possible fusion candidate of COGV accurs of Monday. Ur take upon this
Vishy
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #435 Posted: Sat Aug 25, 2012 12:19 pm Post subject: Re: Hi Rk |
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vishyvaranasi wrote: | Hi RK,
Good morning,
Herewith attaching nthe chart of Bharat forg ,a possible fusion candidate of COGV accurs of Monday. Ur take upon this
Vishy |
Vishy,
It has to pierce B.B at point 5,Just like at point 3 and 4 in this case.So it's not yet qualified for a Fusion set up .But, yes it's a tradable ww in case a COG happens on Monday.
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