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A FUSION TRADING STRATEGY |
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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Post: #496  Posted: Sat Sep 22, 2012 9:30 am Post subject: Hi RK, |
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Hi Rk,
Presenting the Exide Ind-1M 60 TF Chart.
1. Vol at P5 good
2. CCI 197
3. COG candle has got less vol.
Your take on this pl.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #497 Posted: Sat Sep 22, 2012 10:44 am Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | Hi Rk,
Presenting the Exide Ind-1M 60 TF Chart.
1. Vol at P5 good
2. CCI 197
3. COG candle has got less vol.
Your take on this pl.
Vishy |
Sorry Vishy ww pattern is not convincing for me.wave 1-2 too long.
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #498 Posted: Sat Sep 22, 2012 10:57 am Post subject: |
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ranbaxy i made a long at 532--- went to 542--- and then it was quite weak--and came back at buy rate
Lets see what comes on monday
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #499 Posted: Sat Sep 22, 2012 11:08 am Post subject: |
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| Rahulsharmaat wrote: | ranbaxy i made a long at 532--- went to 542--- and then it was quite weak--and came back at buy rate
Lets see what comes on monday |
Yes, Rahul,
It has got a tendency to go against index moves.(I always wonder for the explanations given in this regard.).If index starts consolidating or go in to mild correction,it may move up,I guess.
The wait should be for a maximum of 5 days in this case including COG day.If it's not crossing middle B.B by that time.We may consider to getout.
My entry was at 523.
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #500 Posted: Sat Sep 22, 2012 12:27 pm Post subject: |
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so what is middle BB here-- and its one day only on friday so till thrusday if it dosent cross-- exit on friday--u mean to say
and stop loss in 520-- closing or intra ??
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #501 Posted: Sat Sep 22, 2012 12:51 pm Post subject: |
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| Middle Bolinger Band (20,2).SL on EOD basis.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #502 Posted: Sat Sep 22, 2012 4:05 pm Post subject: Hi RK, |
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Hi Rk,
Just one practical doubt. In a fusion strategy the Vol at Point 5 candle shld me more is the rule. Matlab more than the previous one or more than the previous 3 candles.
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #503 Posted: Sat Sep 22, 2012 6:36 pm Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | Hi Rk,
Just one practical doubt. In a fusion strategy the Vol at Point 5 candle shld me more is the rule. Matlab more than the previous one or more than the previous 3 candles.
Vishy |
Relatively high is my formulation,means more than the previous one is sufficient.It could be at the candle with topping tail/bottoming tail or even at the COG candle
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #504 Posted: Sat Sep 22, 2012 6:47 pm Post subject: Hi RK, |
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Hi RK,
Posting the chart of deltacopr EOD.
Ur take on this.The only abberation i found is the last but one green candle has aCCI of 117,the last green is with a CCI of 94
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #505 Posted: Sat Sep 22, 2012 7:10 pm Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | Hi RK,
Posting the chart of deltacopr EOD.
Ur take on this.The only abberation i found is the last but one green candle has aCCI of 117,the last green is with a CCI of 94
Vishy |
Vishy,
Past six bullish candles were with high volumes. And the COG candle and prior candle both were having topping tails and also longer bottoming tails. Right now bulls are still showing strength but went a step back in the last trading session.
My CCI readings are at 55 at COG and around 80 at last green candle. So one of your fire arm is half empty.
I think it's time to avoid short sell battles with half loaded guns. 
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falcon
White Belt
Joined: 17 Nov 2011
Posts: 211
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| Post: #506 Posted: Sun Sep 23, 2012 4:10 am Post subject: Re: Hi RK, |
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Dear rk_2003,
Your fusion strategy, basically relies on wolfe wave pattern. Have you observed that a great majority of wolfe waves fail to reach their targets when the market was going against them during the period between points 4 and 5? I have observed this a lot of times. This is in spite of the fact that a wolfe wave is one of the most reliable patterns. I thought of keeping a couple of bullish wolfe waves and a couple of bearish wolfe waves ready all the time to take advantage of the changing market conditions but moved on to some other strategy. May be, wolfe waves are better suited for sideways markets! Are there any bearish wolfe waves meeting their targets between 7th Sept and 21st Sept in larger time frame like EOD?
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #507 Posted: Sun Sep 23, 2012 11:38 am Post subject: Re: Hi RK, |
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Hi Falcon,y
In the period u mentioned TCS had met its sell Target.
Vishy
| falcon wrote: | Dear rk_2003,
Your fusion strategy, basically relies on wolfe wave pattern. Have you observed that a great majority of wolfe waves fail to reach their targets when the market was going against them during the period between points 4 and 5? I have observed this a lot of times. This is in spite of the fact that a wolfe wave is one of the most reliable patterns. I thought of keeping a couple of bullish wolfe waves and a couple of bearish wolfe waves ready all the time to take advantage of the changing market conditions but moved on to some other strategy. May be, wolfe waves are better suited for sideways markets! Are there any bearish wolfe waves meeting their targets between 7th Sept and 21st Sept in larger time frame like EOD? |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #508 Posted: Sun Sep 23, 2012 11:59 am Post subject: Re: Hi RK, |
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| falcon wrote: | Dear rk_2003,
Your fusion strategy, basically relies on wolfe wave pattern. Have you observed that a great majority of wolfe waves fail to reach their targets when the market was going against them during the period between points 4 and 5? I have observed this a lot of times. This is in spite of the fact that a wolfe wave is one of the most reliable patterns. I thought of keeping a couple of bullish wolfe waves and a couple of bearish wolfe waves ready all the time to take advantage of the changing market conditions but moved on to some other strategy. May be, wolfe waves are better suited for sideways markets! Are there any bearish wolfe waves meeting their targets between 7th Sept and 21st Sept in larger time frame like EOD? |
Hi Falcon,
Your observation is basically right.Yes! I too observed and expressed that ww’s are greatly successful in side way’s markets. Even, it is hard to find ww’s in trending markets.
I also practiced and advised to follow trend catching methods during trending markets.
There are few points to be considered. A ww need not reach the target to get the profits.
I formulated Fusion strategy to make ww more successful .Added some more arsenal in to ww pattern.
If you consider target reaching as a criteria, a good number of ww’s do fail. But, you know trading is not about reaching targets. If you look ww in that perspective I can say it is the most successful pattern (Trading method) at least in my experience.
Let us get in to objective analysis. You might have viewed my review of Fusion trades posted some time back if you keenly go through it. You may find equal number of failures and successes (if we consider target reaching as success).
Few trades reached intermediate targets.In trading one should always book profits at intermediate targets and TSL rest to reasonable levels.
The losing trades were compensated by the part profit trades (In fact gave some profits too after compensating.).Net net I got huge profits ( I don’t want to spell out the figure, I only can say these profits compensated my losses during early stage of trading and slingshot me in to good profits.).I need not tell you that Risk Reward advantage in ww have no match .The only thing you needed is to have a strong belief in the strategy and stick to the discipline and not to compromise in applying the strategy.
Your last question “Are there any bearish wolf waves meeting their targets between 7th Sept and 21st Sept in larger time frame like EOD?”
Two short trades triggered during this period .One in TCS and one in Nifty. TCS reached target and Nifty S/L hit cost to cost. Few people who are intelligent enough to grasp the trend booked profits in nifty too.
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falcon
White Belt
Joined: 17 Nov 2011
Posts: 211
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| Post: #509 Posted: Sun Sep 23, 2012 7:03 pm Post subject: Re: Hi RK, |
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| vishyvaranasi wrote: | Hi Falcon,y
In the period u mentioned TCS had met its sell Target.
Vishy
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Last night I actually wrote in my post "except TCS" but removed it because as I was trying to give my opinion in a general perspective, I thought it was not prudent to mention about individual scrips. Apart from TCS, can you name any other scrip? For every scrip that you find like TCS, I am sure you will find 10 scrips that had failed to reach their targets.
In view of the Retail FDI and other reforms announced by the government and its firm stand behind the reforms as announced, and also in view of the QE3 announced by the US, fund flows are likely to increase into India in the coming weeks which will enhance the value of rupee at least temporarily. This is the reason why, if you notice, IT scrips, which were enjoying the benefit of depreciated rupee value in recent months, along with pharma scrips, which also derive a major portion of their revenue from exports, have been falling while the general market has been very bullish.
I am interested to know a couple of scrips which were in their last leg of wolfe wave and which went down between the dates I mentioned outside the space of IT and Pharma. Please let me know if you find any.
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #510 Posted: Mon Sep 24, 2012 9:47 am Post subject: |
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seems all weakness is in ranbaxy only
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