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a layman's approach to break out and break down |
casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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Post: #1456  Posted: Tue Jan 18, 2011 9:16 am Post subject: |
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| singh.ravee wrote: | Hindalco cmp= 224.85
50 ema support is negotiating with price. monthly pivot point support = 220. In short this zone of 220-225 may provide a good support to the stock as of now.
If u wish to go short then below 220 will offer good opportunity.
thanks and regards
ravee |
gr8 explanation ravee keep it up 
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1457 Posted: Tue Jan 18, 2011 9:25 am Post subject: |
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| singh.ravee wrote: | Hindalco cmp= 224.85
50 ema support is negotiating with price. monthly pivot point support = 220. In short this zone of 220-225 may provide a good support to the stock as of now.
If u wish to go short then below 220 will offer good opportunity.
thanks and regards
ravee |
by the way
tell me one thing, just for educational purpose, if 220-225 is support and i sell below 220, what should be my sl?
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #1458 Posted: Tue Jan 18, 2011 9:28 am Post subject: |
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| casper wrote: | | singh.ravee wrote: | Hindalco cmp= 224.85
50 ema support is negotiating with price. monthly pivot point support = 220. In short this zone of 220-225 may provide a good support to the stock as of now.
If u wish to go short then below 220 will offer good opportunity.
thanks and regards
ravee |
by the way
tell me one thing, just for educational purpose, if 220-225 is support and i sell below 220, what should be my sl?
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220-225..??
(sorry for trespassing  )
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1459 Posted: Tue Jan 18, 2011 9:31 am Post subject: |
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casper hello,
nice to see u back
i think sl should be upper end of the zone i.e. 225. if opportunity to open short comes.
ravee
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1460 Posted: Tue Jan 18, 2011 9:38 am Post subject: |
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| beowulf wrote: | | casper wrote: | | singh.ravee wrote: | Hindalco cmp= 224.85
50 ema support is negotiating with price. monthly pivot point support = 220. In short this zone of 220-225 may provide a good support to the stock as of now.
If u wish to go short then below 220 will offer good opportunity.
thanks and regards
ravee |
by the way
tell me one thing, just for educational purpose, if 220-225 is support and i sell below 220, what should be my sl?
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220-225..??
(sorry for trespassing ) |
no problem beo
i just want to see all of us make clear cut approach while trading
so that we dont lose money for nothing
yes, u r absolutely right, our reason for shorting is our sl
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1461 Posted: Tue Jan 18, 2011 9:42 am Post subject: |
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| singh.ravee wrote: | casper hello,
nice to see u back
i think sl should be upper end of the zone i.e. 225. if opportunity to open short comes.
ravee |
hii ravee
still hv fever, but staying away from all of u is more painful to me than fever
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #1462 Posted: Tue Jan 18, 2011 12:20 pm Post subject: |
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| Thank you ravee n casper....Rgds
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #1463 Posted: Tue Jan 18, 2011 1:40 pm Post subject: |
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hi casper
wish u speedy recovery.pl take care.
regs
ridinghood
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #1464 Posted: Tue Jan 18, 2011 10:24 pm Post subject: |
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Hi Casper,
We and market is missing you, come fast
Vishal
| casper wrote: | | singh.ravee wrote: | casper hello,
nice to see u back
i think sl should be upper end of the zone i.e. 225. if opportunity to open short comes.
ravee |
hii ravee
still hv fever, but staying away from all of u is more painful to me than fever
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1465 Posted: Wed Jan 19, 2011 1:45 pm Post subject: |
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Casper hello,
hope u r better now.
i saw ur post in other thread about rejection from 34 ema. Since the question was intended to mr speculator, i didn't share my view over there.
Just would like to share this with you
the slope of ema line signifies the strength behind the move. Suppose price is approaching an ema line from downside. the slope of ema line is downwards. the possibility is high that price will get rejected.
if ema is flat its a weak signal. during that period, bulls and bears both are trying to negotiate around those levels.
in attached chart at point 1, 35ema is sloping downwards, so bearish signal was able to push prices down. however at point 2, 35ema was flat so bearish signal was able to push nifty into lateral zone.
i now use it this way.
kindly share your views.
thanks and regards
ravee
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #1466 Posted: Wed Jan 19, 2011 7:40 pm Post subject: |
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| mrvishal_g wrote: | Hi Casper,
We and market is missing you, come fast
Vishal
| casper wrote: | | singh.ravee wrote: | casper hello,
nice to see u back
i think sl should be upper end of the zone i.e. 225. if opportunity to open short comes.
ravee |
hii ravee
still hv fever, but staying away from all of u is more painful to me than fever
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hi casperji,
get well soon
regards
girish
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1467 Posted: Thu Jan 20, 2011 9:21 am Post subject: |
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hii ravee, vishal, ridinghood , girish bhaiya and all others
thanks for ur wishes which helped me to get well really fast!!!
i hope all of u r well and doing gr8 in the market
now i am back. lets hope, together we rock the market again
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1468 Posted: Thu Jan 20, 2011 9:33 am Post subject: |
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| singh.ravee wrote: | Casper hello,
hope u r better now.
i saw ur post in other thread about rejection from 34 ema. Since the question was intended to mr speculator, i didn't share my view over there.
Just would like to share this with you
the slope of ema line signifies the strength behind the move. Suppose price is approaching an ema line from downside. the slope of ema line is downwards. the possibility is high that price will get rejected.
if ema is flat its a weak signal. during that period, bulls and bears both are trying to negotiate around those levels.
in attached chart at point 1, 35ema is sloping downwards, so bearish signal was able to push prices down. however at point 2, 35ema was flat so bearish signal was able to push nifty into lateral zone.
i now use it this way.
kindly share your views.
thanks and regards
ravee |
hii brother
i think u r right
i hv not worked on rejection theory extensively yet, but the slope of ema do signifies the trend and this way, i think we can filter our signals too
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1469 Posted: Thu Jan 20, 2011 9:37 am Post subject: |
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Casper good morning,
nice to know that u r well and ready to rock again.
last 2 days i m working only on 60min tf in nifty and banknifty. didn't get any opportunity to trade.
Is it normal? means sitting 2 days in front of lappy and still not able to press f1 or f2.
thanks and regards
ravee
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vishytns
White Belt
Joined: 26 Nov 2009
Posts: 206
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| Post: #1470 Posted: Thu Jan 20, 2011 9:41 am Post subject: |
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welcome back casperji.....
Waiting for your calls... 
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