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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: #2596  Posted: Tue May 31, 2011 11:21 am Post subject: Re: IDBI |
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| sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | IDBI ..60tf
************
BO on 60 tf..
Can touch 136 (34 ema on daily) |
hi............sumesh
I bought @ 132.9..............shd I hold for tgt 136 or exit ??.....any s/l??.................bcause gdp is dwn
thnaks
anand |
Hi Anand,
I will wait for rejection on 10 tf, if it happens then I will add more, or if it closes below 34 ema on 10 tf, I will exit...
As I'm also in this trade, i will keep u updated... |
Anand, Keeping my SL as 131.3
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2597 Posted: Tue May 31, 2011 11:24 am Post subject: Re: IDBI |
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| sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | IDBI ..60tf
************
BO on 60 tf..
Can touch 136 (34 ema on daily) |
hi............sumesh
I bought @ 132.9..............shd I hold for tgt 136 or exit ??.....any s/l??.................bcause gdp is dwn
thnaks
anand |
Hi Anand,
I will wait for rejection on 10 tf, if it happens then I will add more, or if it closes below 34 ema on 10 tf, I will exit...
As I'm also in this trade, i will keep u updated... |
hi....sumesh
thanks for ur comments.............below 34ema........wt will b the actual figure??
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2598 Posted: Tue May 31, 2011 11:25 am Post subject: |
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| Anand, My SL gone 131.3..
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2599 Posted: Tue May 31, 2011 1:41 pm Post subject: |
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hi sumesh bhai, rony , anand da
how r u? hope u r doing great! here is abirlanuvo, above 900 it can go upto 910-920
60 min rsi is over bought, thats only concern here
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2600 Posted: Tue May 31, 2011 1:52 pm Post subject: |
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| casper wrote: | hi sumesh bhai, rony , anand da
how r u? hope u r doing great! here is abirlanuvo, above 900 it can go upto 910-920
60 min rsi is over bought, thats only concern here |
Casper Bhai ..Long time no see.... 
With my some of previous failures, I have started combining BO technique with that of Spec sir's rejection technique...
As the market of late is not in very strong trend, so I trade as follows:
Now I buy only half the qty at BO confirmation and then if price take off from there only then I'm content with that only, or else I wait for price to retrace and take a PROPER rejection on 15tf.. There I add another half..
SL I keep on failute of 15tf rejection. Targets as usual...
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2601 Posted: Tue May 31, 2011 2:27 pm Post subject: |
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hi sumesh bhai
lately was ill as i was hit with sun stroke, then started working as "PTSIR" (site admin) in our website 
now seeing all of u rocking here, i am back again, (i tried to continue in between, but due to illness could not)
i will back test the method u mentioned, and here i am writing a "rule" which i am following lately
try sorting out stocks where adx is ABOVE 30, i have seen, if u find set up where adx is above 30, then the chance of failure or picking up a choppy move is almost nil (adx is known as dmi in jcharts-above 30 but below 50 adx means trend is ryt, no change is coming)
{ thanks to vishy anna, again he is the person who literliy faught wid me to adopt this rule }
(above 50 or below 30 adx means either trend change or choppy move is coming)
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2602 Posted: Tue May 31, 2011 2:35 pm Post subject: |
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Tushar, You have given one more ammunition in our armour... 
Thanks..
This rejection method is also wonderful and logical.. Generally it is for swing trade where it works fantastically. However, I'm tesing with some modified rules for Intra trades, many are successful, but to put them for everyone to use, I want more R&D on my part...
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2603 Posted: Tue May 31, 2011 2:38 pm Post subject: |
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p.s if u need to find set up in 60min, check 60 min adx, may be in some cases for a given set up of 60 min, u can see 15 min adx of that time is say 25 but 60 min adx is 38, since in this case, we are looking for 60 min set up, so we will not consider any other tfs adx including eod adx
(it happens a lot in real time that 5 min/15 adx shows choppy move while 60min or eod adx shows trending move or vice versa)
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2604 Posted: Tue May 31, 2011 2:48 pm Post subject: |
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| casper wrote: | hi sumesh bhai
lately was ill as i was hit with sun stroke, then started working as "PTSIR" (site admin) in our website
now seeing all of u rocking here, i am back again, (i tried to continue in between, but due to illness could not)
i will back test the method u mentioned, and here i am writing a "rule" which i am following lately
try sorting out stocks where adx is ABOVE 30, i have seen, if u find set up where adx is above 30, then the chance of failure or picking up a choppy move is almost nil (adx is known as dmi in jcharts-above 30 but below 50 adx means trend is ryt, no change is coming)
{ thanks to vishy anna, again he is the person who literliy faught wid me to adopt this rule }
(above 50 or below 30 adx means either trend change or choppy move is coming) |
hi......casper
welcome back.......really we r missing u lot...............hope u will b continue.............wt will b ur views abt hanung toys..........made 52week low few days back............now trading @ 172 range.............shd I buy here??.........for short term??........if so then wt will b the tgt??.......any s/l is req??...........pls guide me
thanks
anand
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ronypan
White Belt
Joined: 07 Aug 2010
Posts: 197
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| Post: #2605 Posted: Tue May 31, 2011 2:53 pm Post subject: |
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Great Bro.. THanks for showing another method...
I am following few methods which u had described me before long time in post...
| casper wrote: | hi sumesh bhai
lately was ill as i was hit with sun stroke, then started working as "PTSIR" (site admin) in our website
now seeing all of u rocking here, i am back again, (i tried to continue in between, but due to illness could not)
i will back test the method u mentioned, and here i am writing a "rule" which i am following lately
try sorting out stocks where adx is ABOVE 30, i have seen, if u find set up where adx is above 30, then the chance of failure or picking up a choppy move is almost nil (adx is known as dmi in jcharts-above 30 but below 50 adx means trend is ryt, no change is coming)
{ thanks to vishy anna, again he is the person who literliy faught wid me to adopt this rule }
(above 50 or below 30 adx means either trend change or choppy move is coming) |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #2606 Posted: Tue May 31, 2011 2:54 pm Post subject: |
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Hi Tushar/Sumesh,
Your view on BhartiARTL, is it a buy now at 374, or time to wait. Future trading at +2 premium, what say??
Regards,
Chetan
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2607 Posted: Tue May 31, 2011 3:04 pm Post subject: |
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hi......casper
welcome back.......really we r missing u lot...............hope u will b continue.............wt will b ur views abt hanung toys..........made 52week low few days back............now trading @ 172 range.............shd I buy here??.........for short term??........if so then wt will b the tgt??.......any s/l is req??...........pls guide me
thanks
anand
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2608 Posted: Tue May 31, 2011 3:16 pm Post subject: |
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anand da
hangung can be bought wid sl 164 by closing and target should be 177,186 and max 204 (this 204 is for midterm, say for two week or so)
for intra we can buy above 174 for 177 (looks like for tomorrow intra)
chart 10 for positional view and chart 11 for intra
by da way, as u get stuck wid lots of shares in past, so if u see its going above 186 and trading at say 200 and u want to target 204, then bring ur sl to the 186 in that case, so that even if market tumbles , u dont loss all the profit
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2609 Posted: Tue May 31, 2011 3:31 pm Post subject: |
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| casper wrote: | anand da
hangung can be bought wid sl 164 by closing and target should be 177,186 and max 204 (this 204 is for midterm, say for two week or so)
for intra we can buy above 174 for 177 (looks like for tomorrow intra)
chart 10 for positional view and chart 11 for intra
by da way, as u get stuck wid lots of shares in past, so if u see its going above 186 and trading at say 200 and u want to target 204, then bring ur sl to the 186 in that case, so that even if market tumbles , u dont loss all the profit |
hi..........casper
its always nice to c ur comments...........thanks for ur updates
thanks
anand
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ronypan
White Belt
Joined: 07 Aug 2010
Posts: 197
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| Post: #2610 Posted: Tue May 31, 2011 3:32 pm Post subject: |
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almost tested...
| ronypan wrote: | | ranbaxy fut above 528 will drive to test 557.. |
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