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a layman's approach to break out and break down |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #1621  Posted: Thu Feb 03, 2011 11:18 am Post subject: |
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| ali522003 wrote: | | sumesh_sol wrote: | | ali522003 wrote: | | are u still hlding hindalco sumesh bhai |
I bought it on 242.3 and my Sl is hourly close below 5ema (which is roughly 239) and my targets are 247 & 249..
This means I'm risking 3 rs. for gain of 4/7 rs. which is OK with me... |
ok fine, i bought 1 lot at 241.. currently in profit and my tgt is aroung 245 |
Ali, I'm not sure how comfortable you are with FnO. If u r in this market for say 4-5 yrs. and having good win ratio then there is no problem. But if u r new and learning trades then I will say STOP this FnO today itself, as it is VERY VERY dangerous for freshers. This I'm telling from my personal experience.. I also got excited by seeing the potential of making huge money and lost heavily in FnO. Now playing only 1/4th of a lot in one trade...
And please don't take personal, this is my advise to every new traders.. Fno are for very very very very....... expert people. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1622 Posted: Thu Feb 03, 2011 11:38 am Post subject: |
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| ali522003 wrote: | | sumesh_sol wrote: | | ali522003 wrote: | | are u still hlding hindalco sumesh bhai |
I bought it on 242.3 and my Sl is hourly close below 5ema (which is roughly 239) and my targets are 247 & 249..
This means I'm risking 3 rs. for gain of 4/7 rs. which is OK with me... |
ok fine, i bought 1 lot at 241.. currently in profit and my tgt is aroung 245 |
Since Ali & Anand are following this trade, it is just to update that I have revised my SL to my buy price , as I don't want to let my winning trade turn a losing one ( I have allowed this many times in past and learnt it hard way)... I may get several other trades in future to make profit, if it doesn't work.... |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1623 Posted: Thu Feb 03, 2011 11:40 am Post subject: |
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| sumesh_sol wrote: | | ali522003 wrote: | | sumesh_sol wrote: | | ali522003 wrote: | | are u still hlding hindalco sumesh bhai |
I bought it on 242.3 and my Sl is hourly close below 5ema (which is roughly 239) and my targets are 247 & 249..
This means I'm risking 3 rs. for gain of 4/7 rs. which is OK with me... |
ok fine, i bought 1 lot at 241.. currently in profit and my tgt is aroung 245 |
Since Ali & Anand are following this trade, it is just to update that I have revised my SL to my buy price , as I don't want to let my winning trade turn a losing one ( I have allowed this many times in past and learnt it hard way)... I may get several other trades in future to make profit, if it doesn't work.... |
ok sumesh bhai ,, will follow your strategy
keeping 241 as stop |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1624 Posted: Thu Feb 03, 2011 11:41 am Post subject: |
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hi....sumesh bhai......
thanks for ur guidence..........u r so perfect.........also rock hindalco........already book profit.......
thanks again & keep posting
thanks
anad |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1625 Posted: Thu Feb 03, 2011 11:44 am Post subject: |
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i booked hindalco at 243.2 got 4400 profit in 1 lot, and thats satisfying for me..
thanks sumesh bhai. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1626 Posted: Thu Feb 03, 2011 11:47 am Post subject: RPOWER |
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RPOWER nvk...
***************
RPOWER got rejected on 13 ema in hourly chart, now if it makes nvk on 129.9, I will play it...
HINDUNILVR update...
*******************
I booked out my long completely at around 281, and actually took a short position seeing nvk in 5 minutes, but it was risky as nos. of candle were less than what is good for ideal nvk setup, hence didn't post ... But to my luck it worked and I covered just now at 34 ema on 5 minutes... |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1627 Posted: Thu Feb 03, 2011 12:01 pm Post subject: |
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| Just shorted Hindalco, with Sl of 244 (and take LONG trade).. seeing divergence in 5 tf... |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1628 Posted: Thu Feb 03, 2011 12:11 pm Post subject: |
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hi.........sumesh
tgt hindalco for short call??
thanks
anand |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1629 Posted: Thu Feb 03, 2011 12:15 pm Post subject: |
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| anand1234 wrote: | hi.........sumesh
tgt hindalco for short call??
thanks
anand |
241 & 239.5 |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1630 Posted: Thu Feb 03, 2011 12:17 pm Post subject: |
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| sumesh_sol wrote: | | anand1234 wrote: | hi.........sumesh
tgt hindalco for short call??
thanks
anand |
241 & 239.5 |
Short Sl triggered Now I'm long in Hindalco at 244 for 247 |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1631 Posted: Thu Feb 03, 2011 12:21 pm Post subject: |
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| Buying Hindunilvr above 280.50 for 282 / 283 (AT in 5 tf)... Sl below 279 |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1632 Posted: Thu Feb 03, 2011 12:49 pm Post subject: |
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hi.......sumesh
bought rpower 130................is it ok??...........any tgt for to day?/
thanks
anand |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1633 Posted: Thu Feb 03, 2011 12:51 pm Post subject: |
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| sumesh bhai ,, whats your view on titan .. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1634 Posted: Thu Feb 03, 2011 1:06 pm Post subject: |
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| ali522003 wrote: | | sumesh bhai ,, whats your view on titan .. |
Very Slow moving , less liquidity... Not good candidate for Intra.. In any case , I hate STs (it has formed on 5tf..) Many of my Sl were hit in such patterns... so I would have avoided it.... |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1635 Posted: Thu Feb 03, 2011 1:09 pm Post subject: |
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| anand1234 wrote: | hi.......sumesh
bought rpower 130................is it ok??...........any tgt for to day?/
thanks
anand |
It seems we are doing same trades today..  I also purchased Rpower on 130.1 , my tgts are small 131.9 & 132.5.. Sl I will keep as 129.5 |
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