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a layman's approach to break out and break down |
ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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Post: #1771  Posted: Wed Feb 09, 2011 11:36 am Post subject: |
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| singh.ravee wrote: | | ali522003 wrote: | I am very happy today cuz i traded on my own trade, last night i mailed this to casper bhai..
Thnks a ton for teaching me eaach and evry step like spoon feeding..
i am so much greatfull to you.
Please always share your expertise  |
Ali, congrats for your trade.
regards
ravee |
thanks ravee
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1772 Posted: Wed Feb 09, 2011 11:43 am Post subject: BHEL 60tf |
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BHEL 60tf..
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Looking extremely weak..
I will go short below 2112 for 2100.. Then if it breaks 2100 and trades below 2090 , I will go short again for trailing SL....
-Sumesh
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1773 Posted: Wed Feb 09, 2011 11:57 am Post subject: |
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bharti making dt on 15tf at 331.5 which if breaks,, then it will be also below monthly pivot,, so then, can fall freely..
comments invited- sumesh/casper
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1774 Posted: Wed Feb 09, 2011 12:00 pm Post subject: |
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| ali522003 wrote: | bharti making dt on 15tf at 331.5 which if breaks,, then it will be also below monthly pivot,, so then, can fall freely..
comments invited- sumesh/casper |
Ali brother, both RSI and MACD are not favoring short side, please beware...
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technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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| Post: #1775 Posted: Wed Feb 09, 2011 12:10 pm Post subject: |
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| abgshipyard near 200DMA
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1776 Posted: Wed Feb 09, 2011 12:13 pm Post subject: Re: TATAPOWER 15tf.. |
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| sumesh_sol wrote: | TATAPOWER 15tf..
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May break DT on 15 tf.. I will go short below 1189 for 1175 only for INTRA..
MURTI : No Idea brother abt BRFL... Not my kind of pattern
Anand : Yes, Sunpharma is soaring today, but I had to maintain my discipline and was stopped out yesterday itself.. Sometimes, you miss on rally like this, but many times SL saves your life...
-Sumesh |
Tatapower Short looking very good. now on hourly chart also, it has made DT.. let's see...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1777 Posted: Wed Feb 09, 2011 12:18 pm Post subject: DRREDDY 15tf |
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DRREDDY 15tf
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DRREDDY facing resistance at 1545 levelon 15tf.. Once crosses then I expect it to reach 1560 & 1580..
-Sumesh
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1778 Posted: Wed Feb 09, 2011 12:46 pm Post subject: |
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A boring day 
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1779 Posted: Wed Feb 09, 2011 1:20 pm Post subject: |
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hi....sumesh
I hv shorted tatapower @1194...............now 1199.............any s/l for intra??.........
pls advice
thanks
anand
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1781 Posted: Wed Feb 09, 2011 1:25 pm Post subject: |
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| anand1234 wrote: | hi....sumesh
I hv shorted tatapower @1194...............now 1199.............any s/l for intra??.........
pls advice
thanks
anand |
Bhaisaab , Breakdown to hua hi nahin , why did u short before BD.. ???
I proposed to short before 1189..... Anyways now, you keep strict Sl of 1212 and if it comes near your short level just come out even on small loss.... You can always short again after BD....
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1782 Posted: Wed Feb 09, 2011 1:26 pm Post subject: Infy DT |
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Descending Triangle in Infy... Maybe one can trade this if it breaks 3108... Infy is too volatile today...
60 mins chart attached...
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1783 Posted: Wed Feb 09, 2011 1:35 pm Post subject: |
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| sumesh bhai look at bharti,, i didnt traded though.. but did paper trade ,,
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1784 Posted: Wed Feb 09, 2011 1:39 pm Post subject: |
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| singh.ravee wrote: | casper hello,
hope u r doing gr8.
These days as and when i get some free time I read ur posts. U really take lot of pain in disseminating information to others.
By the way, I was just thinking why u dont trade in futures. Since I trade only in futures, I find them as better than stocks. Margin money required is not big these days. Even with 10k one can trade mini-nifty. The benefit that i saw with futures is that u can play on long and short both sides. Also u can carry ur positions. I am not telling u anything new, I know u already knew it.
May be well defined triangles can be used to play futures. Tatamotors in the first few minutes of todays trade is close to 1080; around 40pts down from yesterday's level. Although I am not trading it. Point is one can get these kind of big rides on futures. Don't worry about failed patterns, for that we have stop loss.
Just an idea that flashed my mind.
Happie Trading to u and all the guys.
Ravi and sherbaaz bhai also seems to be struck in good trades. No new posts from them.
keep posting atleast someone get to know about ur well being.
Thanks and regards
ravee |
hii ravee, its nice to see u back in the forum 
in future i have only two probs,
1. i cant part book in fut, which i do in cash
2. 2nd and most imp things is, during volatile days like present one, using 60 min chart becomes a draw back itself, we use one candle to take position and one candle to sl, this can really kill a trader in volatile market, but then smaller tf charts does not offer so much strong signals either, they generate lots of whipsaws
so i am using the market time for more testing and less trading, only 1 or 2 trades im taking and then getting back to paper test
we need the confirmation of 60min and flexibility of lesser tf to win in the situations like this
so trying hard to modify a few things like entry and exit methods in this system now
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1785 Posted: Wed Feb 09, 2011 1:42 pm Post subject: |
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| ali522003 wrote: | | sumesh bhai look at bharti,, i didnt traded though.. but did paper trade ,, |
Ali , yes it worked...
But I play only those setups for which I'm totally convinced... If market doesn't support overall sentiment then I may hit my SL but 8 out of 10 times I would like to hit my targets....
Good that u & Murty r also coming up with patterns.. In fact I urge each and everyone out here to explore and find out setups regularly....
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