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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: #526  Posted: Mon Nov 29, 2010 7:47 pm Post subject: Re: Today's testing result(monday) |
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| newinvestor wrote: | | sumesh_sol wrote: | Today's testing result:
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1.) COALINDIA(Long) : Achieved 1st tgt.. second can come tomorrow.
2.) NagarConst(Long) : MACD has also turned now in buy mode at the, can expect tgt to meet tomorrow..
3.) ApolloTyre (Short) : BD did not happen, so not traded.
You might be wondering as to why I have been posting *MY* testing results in the public forum. Well, it has two reasons. First I always post the pattern before the tradeable BO/BD happens and then follow up the same by posting result, to let everyone *understand* the pattern. This instill confidence in YOU as well as in ME about the type of trading we r doing. Secondly, it also documents the patterns for future reference…
Now, As I am 90% confident of the setup, I shall increase my exposure from tomorrow onwards.
Regards,
Sumesh |
Thats good Sumesh, helps us learn.
Keep it going. |
now all that i miss very much is a few lines from chrome sir, he encouraged me a lot when i 1st proposed the idea but nowadays he is not seen in the forum 
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #527 Posted: Mon Nov 29, 2010 11:36 pm Post subject: Re: Today's testing result(monday) |
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| casper wrote: | | newinvestor wrote: | | sumesh_sol wrote: | Today's testing result:
**********************
1.) COALINDIA(Long) : Achieved 1st tgt.. second can come tomorrow.
2.) NagarConst(Long) : MACD has also turned now in buy mode at the, can expect tgt to meet tomorrow..
3.) ApolloTyre (Short) : BD did not happen, so not traded.
You might be wondering as to why I have been posting *MY* testing results in the public forum. Well, it has two reasons. First I always post the pattern before the tradeable BO/BD happens and then follow up the same by posting result, to let everyone *understand* the pattern. This instill confidence in YOU as well as in ME about the type of trading we r doing. Secondly, it also documents the patterns for future reference…
Now, As I am 90% confident of the setup, I shall increase my exposure from tomorrow onwards.
Regards,
Sumesh |
Thats good Sumesh, helps us learn.
Keep it going. |
now all that i miss very much is a few lines from chrome sir, he encouraged me a lot when i 1st proposed the idea but nowadays he is not seen in the forum |
Hi casper bro,
u r doing a commendable job, and i wish u keep goin like this ! Sumesh too giving very nice patterns..on some health grounds, not able to actively participate here and in the market too....hope to comeback soon actively 
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #528 Posted: Tue Nov 30, 2010 8:03 am Post subject: |
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hi chrome sir, i anticipated that u must be ill or such an active person like u wont stay away for long
now plz take care, maintain proper discipline prescribed by ur physician and get well very soon , we are all missing u and ur works
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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: #530 Posted: Tue Nov 30, 2010 11:10 am Post subject: SCI .. 60tf |
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SCI (DT)
May break .. MACD still +ve but may give sell signal at Breakdown.
Immidiate tgt 139(monthly S2) .. Below this 133
-Sumesh
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #531 Posted: Tue Nov 30, 2010 11:31 am Post subject: |
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unitech at, macd buy , rsi rising, enetr at bo, target 65 aprx
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vrushabh123
White Belt
Joined: 18 Nov 2010
Posts: 39
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| Post: #532 Posted: Tue Nov 30, 2010 11:57 am Post subject: pl reply |
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| casper pl reply to my post...and pl be in touch
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #533 Posted: Tue Nov 30, 2010 12:04 pm Post subject: CHENNPETRO ...60TF |
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CHENNPETRO
AT.. Favourable RSI&MACD .. Tgt 236/240..
-Sumesh
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vrushabh123
White Belt
Joined: 18 Nov 2010
Posts: 39
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| Post: #534 Posted: Tue Nov 30, 2010 12:33 pm Post subject: hii |
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| got it casper.. bit confused abt 60 or 30 min tf.. do u wait for candle to close abv bo/bd level or initiate trade as it cros bo/bd level..pl suggest.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #535 Posted: Tue Nov 30, 2010 12:38 pm Post subject: Re: hii |
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| vrushabh123 wrote: | | got it casper.. bit confused abt 60 or 30 min tf.. do u wait for candle to close abv bo/bd level or initiate trade as it cros bo/bd level..pl suggest. |
i relied u brother plz check it
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vrushabh123
White Belt
Joined: 18 Nov 2010
Posts: 39
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| Post: #536 Posted: Tue Nov 30, 2010 1:41 pm Post subject: hiii |
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| Got it dear.. Thanks a lot...
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vrushabh123
White Belt
Joined: 18 Nov 2010
Posts: 39
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| Post: #537 Posted: Tue Nov 30, 2010 1:43 pm Post subject: hiii |
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| Got it dear.. Thanks a lot...
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #538 Posted: Tue Nov 30, 2010 7:32 pm Post subject: |
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Hi Casper,
I short a lot of Hindalco @201 in morning, but it closed at 206.55  above stop loss 205, now advise what to do,
Should i cover it early morning or wait???
Vishal
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #539 Posted: Wed Dec 01, 2010 8:41 am Post subject: |
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u should book it as the sl was hit, i can understand why u have not booked it. now i expect it to come down at 200 level atleast, close it then
always close ur deals when sl are hit, small loss will save u from big loss
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #540 Posted: Wed Dec 01, 2010 8:47 am Post subject: |
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| casper wrote: | u should book it as the sl was hit, i can understand why u have not booked it. now i expect it to come down at 200 level atleast, close it then
always close ur deals when sl are hit, small loss will save u from big loss |
I have not booked bcoz these days are so volatile and it was possible to close 205, in that case call was still open
Now i will book near 201 (my rate)
Thanks
Vishal
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