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A FUSION TRADING STRATEGY |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #766  Posted: Wed Sep 25, 2013 7:02 pm Post subject: |
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What is ETA, EPA and COG.
Markets are strange...today BHEL had an excellant bullish pattern as I posted...for intra day trade
As someone posted in running with wolves thread few days back, BHEL is also having -ve WW at 142...
Considering huge volumes today, it can be sold intra day tomorrow agreed..would stop at 147 work?
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #767 Posted: Wed Sep 25, 2013 8:51 pm Post subject: |
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| ETA (Expected Time Arrival)= 3-5 days EPA (Expected Price Arrival)=130 and 120.COG (Change Of Guard) is need to form a Bearish Candle On Hourly chart with which trade can be initiated otherwise there is no trade. In case it continued to form successive green candles set up is null and void.
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evkgng
White Belt
Joined: 14 Nov 2010
Posts: 45
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| Post: #768 Posted: Wed Sep 25, 2013 8:58 pm Post subject: MINDTREE - IS IT FIT FOR FUSION TRADE |
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I think MINDTREE is fit for FUSION trade,
1-1032 AUG 14
2- 956 AUG 22
3-1071 SEP 2
4-1013 SEP10
5-1180 SEP 19
AND i expect COG and STL at 1234,
SENIORS comments pls....,
thanks,
evkgng
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #769 Posted: Wed Sep 25, 2013 9:11 pm Post subject: |
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| amitagg wrote: | What is ETA, EPA and COG.
Markets are strange...today BHEL had an excellant bullish pattern as I posted...for intra day trade
As someone posted in running with wolves thread few days back, BHEL is also having -ve WW at 142...
Considering huge volumes today, it can be sold intra day tomorrow agreed..would stop at 147 work? |
Stop is not yet derived.Provided it forms a red candle on hourly chart without going for new highs then SL will be today's high i.e 144.75 on C.C (hourly).
In case it visits new highs and then forms a bearish candle then that high point will be the SL.
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #770 Posted: Thu Sep 26, 2013 12:40 am Post subject: |
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| rk_a2003 wrote: | | A possible Bearish Fusion in BHEL hourly chart.Make a note that COG awaited for triggering the trade. |
Hi RK
Just a view.
If we have to look for COG then we should draw chart is lower time frame instead of higher TF. Like in this chart if we draw this -ww in 15 min TF then we will have a red candle.
Further how it is so, that your 60 min chart has 8 candles per day instead of 7 per day.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #771 Posted: Thu Sep 26, 2013 1:04 am Post subject: |
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| saumya12 wrote: | | rk_a2003 wrote: | | A possible Bearish Fusion in BHEL hourly chart.Make a note that COG awaited for triggering the trade. |
Hi RK
Just a view.
If we have to look for COG then we should draw chart is lower time frame instead of higher TF. Like in this chart if we draw this -ww in 15 min TF then we will have a red candle.
Further how it is so, that your 60 min chart has 8 candles per day instead of 7 per day. |
Hi Saumya,
This data is from yahoo finance.The first candle ending time was 9.30 the second 10.30 .....so on 7th candle 3.30 p.m .8th candle ends at 4.30 pm.This 8th candle must be representing post closing trades.
The COG is visible only in 5 minute could not observe in 20,15 and 10 minutes.Even in 5 minutes it's not a Fusion; only ww.Closest possible TF is 20 minutes, one can watch for COG even in 20 minute chart.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #772 Posted: Wed Nov 27, 2013 10:17 pm Post subject: |
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A Possible Fusion set up in Bharti Airtel EOD chart.SL can be low of point 5 once COG registered,
I think it can make a low around 313 and may start upward journey ...just my view.
In recent past after every expiry Bharti reversed it's prevailing trend.. Will it do the same this month too?.
ETA is around Dec 24th and EPA is around 385.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #773 Posted: Wed Nov 27, 2013 11:30 pm Post subject: |
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| rk_a2003 wrote: | A Possible Fusion set up in Bharti Airtel EOD chart.SL can be low of point 5 once COG registered,
I think it can make a low around 313 and may start upward journey ...just my view.
In recent past after every expiry Bharti reversed it's prevailing trend.. Will it do the same this month too?.
ETA is around Dec 24th and EPA is around 385. |
excellant observation.....
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #774 Posted: Thu Nov 28, 2013 3:45 pm Post subject: |
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Hi RK,
Considering yesterday close its positive close today, but when we consider only today's opening and close its a red candle,. How do u combat this.Had u taken any position in Bharti
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #775 Posted: Thu Nov 28, 2013 4:03 pm Post subject: |
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| vishyvaranasi wrote: | Hi RK,
Considering yesterday close its positive close today, but when we consider only today's opening and close its a red candle,. How do u combat this.Had u taken any position in Bharti
Vishy |
Hi Vishy,
I haven't taken any position yet. Will wait for a COG to happen, one can take a position on the same day after the confirmation of the same.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #776 Posted: Thu Nov 28, 2013 4:17 pm Post subject: |
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RK i shalll buy surely around 315-320...overall pattern good....risk reward too good...considering overall market....can buy at supports....for me...i am tempted by your observation....stocks like such which fall do take 3-4 days before rising...so i shall bank of that...one lot starting
thanks
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #777 Posted: Thu Nov 28, 2013 4:50 pm Post subject: |
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| amitagg wrote: | RK i shalll buy surely around 315-320...overall pattern good....risk reward too good...considering overall market....can buy at supports....for me...i am tempted by your observation....stocks like such which fall do take 3-4 days before rising...so i shall bank of that...one lot starting
thanks |
Amit, Temptation.... Thy name is stock market trading. 
In my opinion 312 region might work as a strong support.If COG not happens and sliding continues the pattern become invalid.
There is a HNS pattern in waiting to reach targets around 300.
As of now I only can say Fusion trade not yet triggered. But the reversal pattern after each expiry may come in favor of your trade. All The Best. You are a seasoned trader you can do it even with out a Fusion set up. Hopefully we may join you a little later possibly by tomorrow .
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #778 Posted: Fri Nov 29, 2013 11:50 am Post subject: |
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| day pattern good...taken long in Bharti at 332......
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #779 Posted: Fri Nov 29, 2013 2:49 pm Post subject: |
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| Buy triggers in Bharti Airtel if it closes above 326.90(Don't worry about adjusted price we are concerned about actual price on trading terminal.).If it doesn't, Fusion set up is null and void.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #780 Posted: Fri Nov 29, 2013 3:35 pm Post subject: |
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| rk_a2003 wrote: | | Buy triggers in Bharti Airtel if it closes above 326.90(Don't worry about adjusted price we are concerned about actual price on trading terminal.).If it doesn't, Fusion set up is null and void. |
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Hi RK,
Finally got into Bharti. Pattern looks good.Mite not have moved along with the Market.But lets see on Monday.
Vishy
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