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A FUSION TRADING STRATEGY |
vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #601 Posted: Wed Oct 31, 2012 8:36 pm Post subject: Albk |
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Hi Rk, Regret to say ALBK .I missed the bus. Almost the first one .
Vishy
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #602 Posted: Thu Nov 01, 2012 9:36 am Post subject: Re: Jain irrigation-4H Chart |
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rk_a2003 wrote: | vishyvaranasi wrote: | Hi Rk,
Posting the Jisljaleqs - 4H Chart for a fusion.
Ur take on this.
Vishy |
Vishy,
As per rule book it's fne but appears to be a weak +ww.May move up for max 2-4 candles.Part candle already done. Can keep a strict Sl at 64.85 and attempt to ride . 1st target can be 70.
ALBank +Fusion rocked today.Hope you traded it. |
Hi Vishy,
Entered late at 66.90>> wats ur entry price>> made low of 65.60 and high of 67
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #603 Posted: Sat Nov 10, 2012 10:26 pm Post subject: |
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A Fusion setup is brewing up in Idea EOD (Courtesy Vishy). COG yet to happen. Also one may observe RSI Div.
It may kindly be noted that it is also a breakout trade upside (as described in another thread).No need to get confused or no need to think as it’s a fight between ww traders and breakout traders. Watch out and take decision according to price action.
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prst White Belt
Joined: 24 Sep 2011 Posts: 87
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Post: #604 Posted: Sun Nov 11, 2012 11:23 am Post subject: |
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rk_a2003 wrote: | A Fusion setup is brewing up in Idea EOD (Courtesy Vishy). COG yet to happen. Also one may observe RSI Div.
It may kindly be noted that it is also a breakout trade upside (as described in another thread).No need to get confused or no need to think as it’s a fight between ww traders and breakout traders. Watch out and take decision according to price action. |
rightly said rk ..
I guess price action and patterns should decide as to which way should it go.. ww or breakout..
it is above its 15, 50 and 200 dmas.
by the way, I had posted in the breakout thread about idea.
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prst White Belt
Joined: 24 Sep 2011 Posts: 87
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Post: #605 Posted: Sun Nov 11, 2012 11:59 am Post subject: |
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prst wrote: | rk_a2003 wrote: | A Fusion setup is brewing up in Idea EOD (Courtesy Vishy). COG yet to happen. Also one may observe RSI Div.
It may kindly be noted that it is also a breakout trade upside (as described in another thread).No need to get confused or no need to think as it’s a fight between ww traders and breakout traders. Watch out and take decision according to price action. |
rightly said rk ..
I guess price action and patterns should decide as to which way should it go.. ww or breakout..
it is above its 15, 50 and 200 dmas.
by the way, I had posted in the breakout thread about idea. |
just another note..
to my untrained eyes, it looks like a hint of inverse head and shoulders almost completed on idea. not sure though.
have posted the chart anyway.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #606 Posted: Thu Nov 15, 2012 5:46 am Post subject: |
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Appears to be a little weak +Fusion in Apollotyres.Still one can try by taking entry near SL with small risk.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #607 Posted: Thu Nov 15, 2012 5:57 am Post subject: |
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Also watchout an ongoing -ww in apollotyres weekly TF. Observe a possible +div. in RSI which can be positive for EOD +Fusion.Watch out how price came down after -ve div. in RSI during earlier peaks
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #608 Posted: Thu Nov 15, 2012 6:21 am Post subject: |
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A good opportunity of two Fusions one Bullish ( Apollotyres) one Bearish ( Idea). One can take positions in these two trades and enjoy. It may act as a hedge to one another in case of unexpected and furious index moves. If index move in a range Bright chances are there for both of them meeting the targets.
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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rakpeds White Belt
Joined: 24 Jun 2012 Posts: 481
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Post: #610 Posted: Thu Nov 15, 2012 10:50 am Post subject: |
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Ravi_S wrote: | prst... Have a look at the Idea chart again for the real H&S...
prst wrote: | prst wrote: | rk_a2003 wrote: | A Fusion setup is brewing up in Idea EOD (Courtesy Vishy). COG yet to happen. Also one may observe RSI Div.
It may kindly be noted that it is also a breakout trade upside (as described in another thread).No need to get confused or no need to think as it’s a fight between ww traders and breakout traders. Watch out and take decision according to price action. |
rightly said rk ..
I guess price action and patterns should decide as to which way should it go.. ww or breakout..
it is above its 15, 50 and 200 dmas.
by the way, I had posted in the breakout thread about idea. |
just another note..
to my untrained eyes, it looks like a hint of inverse head and shoulders almost completed on idea. not sure though.
have posted the chart anyway.
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can some one suggest a trade on the base of the WW with SL and target plsssss
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #611 Posted: Thu Nov 15, 2012 11:41 am Post subject: |
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The SL for Idea Short trade is 95.50 on C.C.Right now HNS pattern is in full swing.Let this up move finish.Then we can have a fresh look.For HNS long trade Targets and SL given by prst.Congrats! prst for rightly identifying Brekout.
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prst White Belt
Joined: 24 Sep 2011 Posts: 87
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Post: #612 Posted: Thu Nov 15, 2012 11:51 am Post subject: |
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rk_a2003 wrote: | The SL for Idea Short trade is 95.50 on C.C.Right now HNS pattern is in full swing.Let this up move finish.Then we can have a fresh look.For HNS long trade Targets and SL given by prst.Congrats! prst for rightly identifying Brekout. |
Thanks rk..
I was under impression that WW generally provides a safe entry to a trade.
but this one would deceive us..
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #613 Posted: Thu Nov 15, 2012 12:12 pm Post subject: |
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prst wrote: | rk_a2003 wrote: | The SL for Idea Short trade is 95.50 on C.C.Right now HNS pattern is in full swing.Let this up move finish.Then we can have a fresh look.For HNS long trade Targets and SL given by prst.Congrats! prst for rightly identifying Brekout. |
Thanks rk..
I was under impression that WW generally provides a safe entry to a trade.
but this one would deceive us.. |
Hi Prst,
Congrats for ur IHNS. But firstly seeing the formation of Point 3 to Point 5 in the -WW i personally felt that a shoot up is required atleast to restore some sort of a symmetry in the -WW bcoz of the hurry up nature. Now after the succesful running of the IHNS i feel that we will SURELY get a -WW once again in this scrip.So fingers crossed.
Vishy
Last edited by vishyvaranasi on Thu Nov 15, 2012 12:15 pm; edited 1 time in total |
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #614 Posted: Thu Nov 15, 2012 12:13 pm Post subject: |
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By the way Rk. Apollo seems to b giving a breather for fusionists.
Vishy
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rakpeds White Belt
Joined: 24 Jun 2012 Posts: 481
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Post: #615 Posted: Thu Nov 15, 2012 12:17 pm Post subject: |
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vishyvaranasi wrote: | prst wrote: | rk_a2003 wrote: | The SL for Idea Short trade is 95.50 on C.C.Right now HNS pattern is in full swing.Let this up move finish.Then we can have a fresh look.For HNS long trade Targets and SL given by prst.Congrats! prst for rightly identifying Brekout. |
Thanks rk..
I was under impression that WW generally provides a safe entry to a trade.
but this one would deceive us.. |
Hi Prst,
Congrats for ur IHNS. But firstly seeing the formation of Point 3 to Point 5 in the -WW i personally felt that a shoot up is required atleast to restore some sort of a symmetry in the -WW bcoz of the hurry up nature. Now after the succesful running of the IHNS i feel that we will SURELY get a -WW once again in this scrip.So fingers crossed.
Vishy |
awaiting for the IDEA -WW activation vishy bhai and rk bhai
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