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A FUSION TRADING STRATEGY |
rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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Post: #436  Posted: Mon Aug 27, 2012 8:32 pm Post subject: |
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| rk_a2003 wrote: | | A long fusion trade triggered in Hindalco today. |
Hindalco SL triggered.
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #437 Posted: Sat Sep 01, 2012 4:24 pm Post subject: |
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A possible +Fusion in RPOWER .You know the rules of entry.Watch out for COG and keep SL of low at point 5.The possible SL marked.
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #438 Posted: Mon Sep 03, 2012 8:20 pm Post subject: |
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| A long trade triggered in RPOWER.The SL is same as mentioned.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #439 Posted: Thu Sep 06, 2012 7:21 pm Post subject: |
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One Mr.EssJay sent me a PM asking to have a look at crompton greaves chart and tell him whether it's a valid fusion?.On intial look I thought that it’s not a valid fusion though a valid +ww.Now after a relook I realized that it’s a valid +fusion.
Yes EssJay you are right. Posting the chart with SL,ETA,EPA marked.The SL is marked as per the latest scenario not as per the Fusion setup formation day .EssJay !Thanks for the finding.
I advise to take long position after the price enters in to the channel.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #440 Posted: Tue Sep 11, 2012 10:16 pm Post subject: |
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| rk_a2003 wrote: | | A long trade triggered in RPOWER.The SL is same as mentioned. |
Our long entry was around 77.RPOWER closed at 80.55.it would be wise to set TSL cost to cost.
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vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159
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| Post: #441 Posted: Wed Sep 12, 2012 5:05 pm Post subject: |
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Hi RK,
Posting chart of TCS. Will it Qualify for a fusion.Pl. enlighten.
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #442 Posted: Wed Sep 12, 2012 5:55 pm Post subject: |
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| vishyvaranasi wrote: | Hi RK,
Posting chart of TCS. Will it Qualify for a fusion.Pl. enlighten.
Vishy |
Hi Vishy,
Yes, It do qualify.
I observed -ww in TECHM in 15 m.Just check INFY and Wipro and TECHM in 60 m TF if possible.
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rakpeds
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Joined: 24 Jun 2012
Posts: 481
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| Post: #443 Posted: Wed Sep 12, 2012 7:31 pm Post subject: |
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| rk_a2003 wrote: | | vishyvaranasi wrote: | Hi RK,
Posting chart of TCS. Will it Qualify for a fusion.Pl. enlighten.
Vishy |
Hi Vishy,
Yes, It do qualify.
I observed -ww in TECHM in 15 m.Just check INFY and Wipro and TECHM in 60 m TF if possible. |
so rk sir.... what is the trade initiation ? target"? SL ??
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #444 Posted: Wed Sep 12, 2012 8:04 pm Post subject: |
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Rakpeds,
SL should be high of point 5 on Candle Close basis. In this case it is 1421.In WW there are multiple practices exist depending up on the risk appetite.
I prefer to take entry at the indication of first COG which can give you a fabulous RR (You adapt this only If you want to trade ww on regular basis otherwise take entry once it entered in to channel).
Theoretically with this RR even a success rate of 35% is enough for profits whereas ww if identified properly can give you 80% success rate.
First target is around 1385.
Please Stop calling me sir I am fine with ‘RK’
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rakpeds
White Belt
Joined: 24 Jun 2012
Posts: 481
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| Post: #445 Posted: Wed Sep 12, 2012 8:50 pm Post subject: |
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| rk_a2003 wrote: | Rakpeds,
SL should be high of point 5 on Candle Close basis. In this case it is 1421.In WW there are multiple practices exist depending up on the risk appetite.
I prefer to take entry at the indication of first COG which can give you a fabulous RR (You adapt this only If you want to trade ww on regular basis otherwise take entry once it entered in to channel).
Theoretically with this RR even a success rate of 35% is enough for profits whereas ww if identified properly can give you 80% success rate.
First target is around 1385.
Please Stop calling me sir I am fine with ‘RK’ |
Sure rk... so tmrw... what levels seems fine to take the entry...
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vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159
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| Post: #446 Posted: Wed Sep 12, 2012 9:39 pm Post subject: Hi RK |
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Hi RK,
Thanx for ur clarification.U had mentioned 1421 as SL and also on close basis. Matlab 1421 if touched after trade initiation will be the SL or even though if it touches 1421 shld we wait for the candle to close (bcoz it is 60TF)
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #447 Posted: Wed Sep 12, 2012 9:53 pm Post subject: Re: Hi RK |
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| vishyvaranasi wrote: | Hi RK,
Thanx for ur clarification.U had mentioned 1421 as SL and also on close basis. Matlab 1421 if touched after trade initiation will be the SL or even though if it touches 1421 shld we wait for the candle to close (bcoz it is 60TF)
Vishy |
Yes! on candle close basis.
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rakpeds
White Belt
Joined: 24 Jun 2012
Posts: 481
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| Post: #448 Posted: Wed Sep 12, 2012 10:01 pm Post subject: |
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| vishy ji and rk ... when can we intiate the trade i mean at what levels... sorry as i am in learing phase of WW
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #449 Posted: Wed Sep 12, 2012 10:03 pm Post subject: |
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rakpeds,
Below 1412.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #450 Posted: Wed Sep 12, 2012 10:05 pm Post subject: Hi RK |
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Hi RK
Checked the 60 TF charts of Wipro,Infy and Tech.But nothing significant in those i feel
Vishy
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