iCharts Discussions

[casper]

hi peace

this time seriously follow div which is not below OB (though lower high, but 2nd highis not below OB)

follow it for a few times , if u r not confident, then dont trade, just follow it religiously

i hope u will change ur opinion




*********** following part i added by editing original post
ohhh , sorry

peace, last time when we talked in SB, now i rem that u told me that u use rsi 80 as OB, if u use 80 as ob then u r right

what i said is about 70/30 settings for ob/os and as per my memory u said that u used 80/20, its a good setting indeed

[peace69]

[peace69]

[casper]

hi all

gap is closed almost

rk......... alryt????

[rk_a2003]

Yes!

[casper]

in next 3 min, i mean by the closing of a 60 min candle at 10, thr cud be an opportunity to open a short

see ur charts and decide, plz go by ur methods

[ridinghood]

hi casper brother!
any tgt in mind for nifty shorts?

thnx nd regs
ridinghood

[casper]

hii brother

after a really long time

hope every thing is alryt??


for nifty, it looks like at tl support around 5105, and then 34 ema in 60 tf at 5040 aprx, should be target

[ridinghood]

hi casper
thnx for ur quick response as always!
I am ok. thnx. was taking it easy after ..... well u know!
but was always keenly following ur posts.
hope u must be in good spirits! its so nice to have people like u around ready to help people like me !
regs
ridinghood

[casper]

hi brother

sorry, was digging some crude oil well in between





and as i told u in past, when u r not an expert in t.a it shows that u r expert in some thing else which i dont know

like a few months ago, when i was struggling wid my new born website, our ronypan came and msg me in forum saying he is expert in that and he told me that if i face any prb, i could contact him always

i felt honored, its a great feeling actually

[casper]

hi ss
its for u

PARSVNATH

rsi falling and price going up, reaching near monthly r1 which will be a good resi

but it is not yet a confirmed div for me

coz

1. last candle is still green, i will wait for a red one

2. distance between two tops are more than 14 candles, so even if red candle appears, it will be a risky short as it is already too wide

[S.S.]

thakx i had a doubt abt time. . . two tops is too wide so i ask u n u cleared it. . . thakx once again . . .can u tell me the reason for 14??

[casper]

just a filter

i dont think its classical approach any way, when saikat sir proposed nvk, he noted it works ONLY in 5 tf (which proved wrong and he worked in higher tf himself) and in he expected that two lows or two highs should appear within 1hr, thus giving a maximum candle range of 12 (12 candles , 5 tf so 60 min)

when i worked on my own, i saw if i stay within my look back period , like here i used rsi 14, so look back period is 14 and i wont trade divs which has more than 14 candles in between, then my success rate is dramatically increases

if i find a div whr distance is more than 14 candles, then i usually refer the immediate higher tf for confirmation,

like i got such a case in 5 tf, then i wud see in 10tf for confirmation

and here i saw that if such large distance cases are confirmed by higher tf divs too, then only they tend to give desired moves

by stating that i dont say that otherwise, any div where distance is more than look back period wont work.....

i just want to say that if it remain within look back period, then success rate is seem to be very high

[S.S.]

dada what i had seen while viewing the chart is there is two -ve div firtst when there is two tops.

see the chart

[S.S.]

and second what you had posted in fact i mposting the latest by which u can see today it had a good run-up and cross r1 now near r2 infact parsvnath is not intresting to see how it react crossing r2. . . .
coz i thing he gots 3 way pressure
1st its mr2
2nd its veerus number 81 and
3rd its a 0.23 retracement level.

see both chart. . . . .