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Alchemist 5/200 ema method in Stocks |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #31  Posted: Thu Feb 19, 2015 12:17 pm Post subject: GEOMETRIC |
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GEOMETRIC..30tf
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Friends, Just an observation...
I was watching stocks behaviour with RSI/ADX parameters (when 5/200 ema crossover has already happened )
What I noticed is that when RSI moves beyond 75-80 and ADX above 25 then this produces very sharp move if bullish crossover is already done...
I just took a trade in Geometric, seeing this and result was superb .. I got in @132 and booked @137.8 within minutes....
I shared this as I thought this may be useful to others.. Will watch for this in more stocks...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #32 Posted: Thu Feb 19, 2015 12:40 pm Post subject: JUBILANT...30tf |
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JUBILANT...30tf
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My Checklist for this Long trade
1.) 4hr already bullish (5ema running above 200ema)
2.) 30tf crossover done
3.)ADX above 25 on 30tf
4.)RSI hovering near 70 on 30tf (I would prefer above 80)
Kept buy order above 162.
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sumesh_sol
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| Post: #33 Posted: Thu Feb 19, 2015 2:36 pm Post subject: Re: HINDZINC |
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| sumesh_sol wrote: | | Please relate Weekly/daily chart readings.. |
Hindzinc Broken 185...
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sumesh_sol
Brown Belt
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Posts: 2344
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| Post: #34 Posted: Thu Feb 19, 2015 3:36 pm Post subject: TVTODAY..30tf |
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TVTODAY..30tf
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One more trade taken with RSI/ADX hint :
Long @ 248.5, RSI is pretty close to 80.. ADX just abv 25... crossover already done...
Let's see tomorrow...
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vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159
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| Post: #35 Posted: Thu Feb 19, 2015 4:00 pm Post subject: |
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Suemsh,
U strictly follow the Confirmation only on $h Tf or lower than that.Say one hr/2hr
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #36 Posted: Thu Feb 19, 2015 4:11 pm Post subject: |
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| vishyvaranasi wrote: | Suemsh,
U strictly follow the Confirmation only on $h Tf or lower than that.Say one hr/2hr |
I follow 30tf/4 hr combination only.. Basically, I use factor of 5.. that way for 30tf, it should be 2.5 hour. As this is not available, I take next bigger tf, which is 4hr.
Similarly, if someone want to use 10tf as main trading time frame, he/she should confirm on 60tf (10*5 = 50 minutes). For eod chart , confirmation should be on weekly..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #37 Posted: Fri Feb 20, 2015 11:33 am Post subject: Re: IFCI...30tf |
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| sumesh_sol wrote: | IFCI...30tf
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A close abv 38 on 30tf can be crucial for it..... Tgt 41 |
Taking Long above 38.65
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #38 Posted: Fri Feb 20, 2015 11:45 am Post subject: Re: IFCI...30tf |
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| sumesh_sol wrote: | | sumesh_sol wrote: | IFCI...30tf
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A close abv 38 on 30tf can be crucial for it..... Tgt 41 |
Taking Long above 38.65 |
Sumesh, would you wait till EOD or have u already entered?
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #39 Posted: Fri Feb 20, 2015 11:47 am Post subject: Re: IFCI...30tf |
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| simply.index wrote: | | sumesh_sol wrote: | | sumesh_sol wrote: | IFCI...30tf
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A close abv 38 on 30tf can be crucial for it..... Tgt 41 |
Taking Long above 38.65 |
Sumesh, would you wait till EOD or have u already entered? |
No , not yet entered , high (38.65) yet not broken... Already placed order..Will be long as soon as it triggers...
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #40 Posted: Fri Feb 20, 2015 12:11 pm Post subject: Re: JUBILANT...30tf |
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| sumesh_sol wrote: | JUBILANT...30tf
========
My Checklist for this Long trade
1.) 4hr already bullish (5ema running above 200ema)
2.) 30tf crossover done
3.)ADX above 25 on 30tf
4.)RSI hovering near 70 on 30tf (I would prefer above 80)
Kept buy order above 162. |
Sumesh,
Are you long on this one?
And what are the stop losses for all these trades?
Thanks
Shaheer
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #41 Posted: Fri Feb 20, 2015 12:20 pm Post subject: Re: JUBILANT...30tf |
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| shaheerzaman wrote: | | sumesh_sol wrote: | JUBILANT...30tf
========
My Checklist for this Long trade
1.) 4hr already bullish (5ema running above 200ema)
2.) 30tf crossover done
3.)ADX above 25 on 30tf
4.)RSI hovering near 70 on 30tf (I would prefer above 80)
Kept buy order above 162. |
Sumesh,
Are you long on this one?
And what are the stop losses for all these trades?
Thanks
Shaheer |
No, my order was not filled yesterday... today not placed order for this.. SL for any crossover is reverse crossover (5/200 emas) .. In this case I suspect if it comes to around 155 level, we will have crossover... still you need to monitor it, it may happen earlier also... or may not happen at all ....
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #42 Posted: Fri Feb 20, 2015 1:23 pm Post subject: Re: IFCI...30tf |
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| sumesh_sol wrote: | | simply.index wrote: | | sumesh_sol wrote: | | sumesh_sol wrote: | IFCI...30tf
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A close abv 38 on 30tf can be crucial for it..... Tgt 41 |
Taking Long above 38.65 |
Sumesh, would you wait till EOD or have u already entered? |
No , not yet entered , high (38.65) yet not broken... Already placed order..Will be long as soon as it triggers... |
Thanks. Excellent pick once again. IFCI racing towards 40. I took 40CE @ 0.40 and it has already doubled.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #43 Posted: Fri Feb 20, 2015 1:40 pm Post subject: Re: TVTODAY..30tf |
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| sumesh_sol wrote: | TVTODAY..30tf
=======
One more trade taken with RSI/ADX hint :
Long @ 248.5, RSI is pretty close to 80.. ADX just abv 25... crossover already done...
Let's see tomorrow... |
Cmp 253...... Any prefixed target or exit determined by 5/34 crossover
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #44 Posted: Fri Feb 20, 2015 2:11 pm Post subject: Re: BERGEPAINT..30tf |
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| sumesh_sol wrote: | BERGEPAINT..30tf
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Already long... I expect a good move abv 225.. |
Sumesh,
Are you still holding this?
Whats the sl?
Thanks
Shaheer
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #45 Posted: Fri Feb 20, 2015 2:17 pm Post subject: Re: BERGEPAINT..30tf |
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| shaheerzaman wrote: | | sumesh_sol wrote: | BERGEPAINT..30tf
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Already long... I expect a good move abv 225.. |
Sumesh,
Are you still holding this?
Whats the sl?
Thanks
Shaheer |
Yes holding, as crossover is now visible clearly I will exit below 214.4... But I expect a upmove again from here, if I get upside crossover again, I will buy more...
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