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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: #1831 Posted: Fri Feb 11, 2011 8:48 am Post subject: |
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esnmurty, thanks and welcome
abhiram
petronet has broken down but with out added volume and thats a concern.
it has got some + div in lower tf, thats why it pulled back before closing and closed almost on the monthly s1 level. at 119
for further downfall, we need to sustain below 119-117 level, 110 will be a support also, below that we can expect 100-95 levels
rohit44
perhaps the best level to short hindalco was at 245-250 levels, now we have closed at monthly s1 at 214 levels, a break below will take us around 200 level, but personally, i feel that we might get a pull back here and then fall
"mere kumbh mele mein bichda hua bhai" ali
1. renuka
its not an a.t, its more of pennant as both tls are slopped,we have strong resi around 87-88 zone as both weekly and monthly pivs are present there
macd is still in sell mode
even if it goes up and get a buy signal from macd, it sill be a st bo, plz check and feed back
2.deepakfert
started scratching my head 5 min back and still scratching, which fool told u that an a.t should look like this??? casper?????
3.hotel leela
it looks like an a.t, but see out of 6 candles, we have 4 dozies, macd still in sell mode but rsi is showing some strength, it can go up, but will be very risky one
ali, plz pay attention to macd and rsi, if u dont understand it, plz tell me clearly
only a fool or a genius will discount indicators, me and u are mediocre peoples, we have go by indicators only
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1832 Posted: Fri Feb 11, 2011 9:44 am Post subject: TTML 15tf |
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TTML 15tf
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Looks good above 15. AT formed.
There is 5 ema on daily at 15.4, beyond that 15.6 is 34 EMA on hourly and 16 is S1 (now resistance).. So I will book at three levels, if this trade goes through...
-Sumesh
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ali522003 White Belt
Joined: 03 Jul 2010 Posts: 217
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Post: #1833 Posted: Fri Feb 11, 2011 10:21 am Post subject: |
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DT on unitech on 15tf
below 34.45
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1834 Posted: Fri Feb 11, 2011 10:33 am Post subject: |
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singh.ravee wrote: | technocalls wrote: | thankx casper....thanx a lot ..fist of all i like to salute u i cont find any salute emoticons so two thumbs up ...now a days lots of people putting lots of charts and queries in ur forum n u answer most of theme ....... commitment level is very good "ek baar jo maine commite kar diya to main apne aap ki bhi nahi sunta" .....i am getting your point i want to attch a chart here dlf is it a AT ???? i thin i sure this time its AT..now let me go further buy DLF abw 246.9 target 267??m i right???? i thing its also a break out of trendline also plz reply... |
Technocalls,
one word of caution in dlf at. the volume is unusually high. I have a doubt on upward breakout.
May be caper can throw more light on it.
thanks and regards
ravee |
for a pattern which is generating high volume in a consolidation phase itself, we need even higher volume to sustain the break out,
it is a eod chart, i will enter with bo, so i will wait to see todays closing and if it breaks with high vol, then i will think to buy it on monday
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1835 Posted: Fri Feb 11, 2011 10:49 am Post subject: ONE WEEK CHALLENGE .. |
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ATTENTION ATTENTION ATTENTION
Probably this is the only way I can get attention of all trader brothers here. This is not a post about a particular trade. This is to change the habit of Loosing to habit of Winning.
If you want to seriously earn money from the market then read on, if you are here only for entertainment, getting sudden kick from your wins, then it is not for you.
Here, it is difficult to tell everything in a single post it requires a book, a very good book, which I would like to recommend. It is “Come into my trading room – By Dr. Alexander Elder”. I can challenge that after going through this book you will be a REFORMED person with a positive attitude .
We mortals do not understand how someone in some way can change our life, we are only means. God has chosen Saikat sir (from ichart) to ask me to read this book. I’m grateful to him for this valuable advice. It has changed the way I used to trade earlier. Now as I have been benefitted by this book, I thought I must reciprocate by helping my new friends here.
I give you a one week challenge ! Yes, in one week u will understand why I was saying so…. I suggest to read this book in this way – Read minimum 20 pages and maximum 25 pages every day for 7 consecutive days. This makes up for minimum 140 pages. I’m saying mimimum 20 because less then that you will not be able to finish this book in time, and I’m asking maximum 25 pages because you must THINK over what you read. Without giving thought and just reading more pages won’t help you.. It is something like a good medicine which should be taken in small amount everyday(both minimum and maximum). Gulping whole bottle of medicine syrup will only make your condition worse.
I use my 90 minutes travel time from Office to Home and back for this purpose. I do not sleep , if I have not read those 20 pages. That is the level of commitment I want from you also. While reading the book you will feel as if the book has been written for you only..
Till these 7 days course of reading please trade as little as possible and that too with minimum amount. It is a cleansing period for our soul , so feed it as little negativity as possible.
Now, the big question is where to get the book !!! This book is freely shared in some site over internet. I can’t name it here. Either you find it in google or meet me in fb. If you can buy , then even better, you will get latest edition.
All the best… Come back with a renewed vision and attitude and be a WINNER !
Regards,
Sumesh
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1836 Posted: Fri Feb 11, 2011 11:15 am Post subject: |
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sumesh bhai, downloaded it, just tell me the number of pages for confirmation. as i am not sure if i hv got the right one or not
my book got 313 pages, finished with a small biography of dr.elder, is it the right version???
plz confirm
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1837 Posted: Fri Feb 11, 2011 11:17 am Post subject: |
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casper wrote: | sumesh bhai, downloaded it, just tell me the number of pages for confirmation. as i am not sure if i hv got the right one or not
my book got 313 pages, finished with a small biography of dr.elder, is it the right version???
plz confirm |
Perfect... !
I wish all of our friends have a copy of this book .
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1838 Posted: Fri Feb 11, 2011 11:19 am Post subject: |
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Break down of Monthly pivot S1 and also DT at 336 can move further down.Kindly remark.. See60 tf HPCL
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1839 Posted: Fri Feb 11, 2011 11:34 am Post subject: HINDALCO 15TF |
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HINDALCO 15TF
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DT .. I will go short below 206.8 .. For tgt will trail (200 is the support in EOD, but will book before that)...
-Sumesh
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1840 Posted: Fri Feb 11, 2011 11:46 am Post subject: |
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sumesh_sol wrote: | casper wrote: | sumesh bhai, downloaded it, just tell me the number of pages for confirmation. as i am not sure if i hv got the right one or not
my book got 313 pages, finished with a small biography of dr.elder, is it the right version???
plz confirm |
Perfect... !
I wish all of our friends have a copy of this book . |
thanks for sharing and confirmation!!!!!
after a cursory view on the "introduction" it looks like its a gold mine!!
and now i come to know, while i still struggle with sl, how u, in such a 3rd class market, making winning trades one after another,
though u r senior trader than me, but now, i believe the magic of 3M is on ur side and made u more deadly trader than ever before,
may the HOLY MOTHER bless u with more and more success and may u be able to provide us guidelines like this in future too
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1841 Posted: Fri Feb 11, 2011 11:47 am Post subject: |
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Shorted at 334 and covered at 329.50 ESNMURTY wrote: | Break down of Monthly pivot S1 and also DT at 336 can move further down.Kindly remark.. See60 tf HPCL |
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1842 Posted: Fri Feb 11, 2011 11:51 am Post subject: Re: HINDALCO 15TF |
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sumesh_sol wrote: | HINDALCO 15TF
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DT .. I will go short below 206.8 .. For tgt will trail (200 is the support in EOD, but will book before that)...
-Sumesh |
My position is now short at 206.8 . SL is 208.5. If it goes down then I will short same qty more below 206 now and same qty below 205.
From 204 I will start covering one by one... But all depends on how it moes... RSI bit strong on 5tf.. so it may even hit my SL also...But I'm prepared for that..
Let's see
-Sumesh
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1843 Posted: Fri Feb 11, 2011 11:58 am Post subject: |
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ESNMURTY wrote: | Shorted at 334 and covered at 329.50 ESNMURTY wrote: | Break down of Monthly pivot S1 and also DT at 336 can move further down.Kindly remark.. See60 tf HPCL |
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hi mr murty
i dont know if u r aware of divergence or not, but u booked it nicely, on the verge of + div which can eat up profits of the shorters now, (its already in action in hindpetro!!)
congrats!!!
by da way, any meaningful breaching of weekly/monthly levels will give us trading opportunity, just check rsi every time to see if there is any div or not
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1844 Posted: Fri Feb 11, 2011 12:23 pm Post subject: |
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Thanks Casperji, Pl state what is the bo of dlf in 60 tf I see it as 245-246 AT casper wrote: | ESNMURTY wrote: | Shorted at 334 and covered at 329.50 ESNMURTY wrote: | Break down of Monthly pivot S1 and also DT at 336 can move further down.Kindly remark.. See60 tf HPCL |
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hi mr murty
i dont know if u r aware of divergence or not, but u booked it nicely, on the verge of + div which can eat up profits of the shorters now, (its already in action in hindpetro!!)
congrats!!!
by da way, any meaningful breaching of weekly/monthly levels will give us trading opportunity, just check rsi every time to see if there is any div or not
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1845 Posted: Fri Feb 11, 2011 12:38 pm Post subject: |
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its a bo case, but buy above monthly pivot only, as its nearing now, so buy only above it
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