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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #61  Posted: Tue Jun 19, 2012 8:20 pm Post subject: |
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| svkum wrote: | Reliance chart 15 tf
sumesh , i am giving ril chart 15 tf ,
as you can see stock has moved towards the ML, and afterwards also it has not changed the trend, and moving towards upperline.(may touch 745 )
now support line is ML , and upper line can be treated as resistance line . |
Thank you so much for marking the reliance chart... At least now I'm clear about drawing the apfs. As per my understanding in an already established downtrend ,whenever a trend change happens (generally TL break), wait for clear High & Low to be made. Now once we have all clear three points with us we are ready to draw UPSLOPING APF. Opposite in case of an already established Uptrend...
Now the million dollor question is entering ,exiting trade and proper SL.. For example in this reliance chart,
1.) you have told me in SB that once macd crossover happened, a buy was triggered @18/06/12 15:29 candle. Now at that time what could be my initial SL ?
2.) If supposing crossing ML was a buy criteria then it triggered @15:59 candle also today, but then price retraces a little. I mean how do I determine that around ML is a high probability trade with suitable SL.
3.)I'm sure at reaching upper TL, its resistance line, we can short (Even if we are in UPsloping apf). But again is there any way to understand the entry ?
I would be very grateful to you if you could answer my queries point-wise.
I know these could be very basic and irritating queries to you, but very much important for us to understand...
Regards,
Sumesh
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #62 Posted: Tue Jun 19, 2012 9:44 pm Post subject: NIFTY 30 MIN |
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Regards, hasten
Discipline,not brains,make the trader's bank account swell.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #63 Posted: Tue Jun 19, 2012 10:16 pm Post subject: Re: NIFTY 30 MIN |
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| hasten wrote: | Regards, hasten
Discipline,not brains,make the trader's bank account swell.
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Good one indeed, now I fear as per APF, its hard that we may see downward target unless 5080 is broken again.....
Chetan.
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sumesh_sol
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Posts: 2344
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| Post: #64 Posted: Wed Jun 20, 2012 9:50 am Post subject: Reliance..15tf |
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Reliance..15tf
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An attempt to understand how apf works ...live.....
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svkum
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Joined: 14 Feb 2007
Posts: 321
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| Post: #65 Posted: Wed Jun 20, 2012 10:27 am Post subject: |
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sumesh ,
so far as you understood principles of APF, how to manage trade rests with you.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #66 Posted: Wed Jun 20, 2012 11:45 am Post subject: PFC |
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PFC..15tf
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Will short below 160.8 for ML as tgt
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #67 Posted: Wed Jun 20, 2012 11:52 am Post subject: Re: PFC |
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| sumesh_sol wrote: | PFC..15tf
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Will short below 160.8 for ML as tgt |
Good catch Sumesh...i m slogging in PFC since yesterday..lets see...if this trade turn fruitful  .
Chetan.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #68 Posted: Wed Jun 20, 2012 12:30 pm Post subject: Re: PFC |
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| chetan83 wrote: | | sumesh_sol wrote: | PFC..15tf
========
Will short below 160.8 for ML as tgt |
Good catch Sumesh...i m slogging in PFC since yesterday..lets see...if this trade turn fruitful .
Chetan. |
PFC bouncing from 34 EMA, look fishy....will it make a new high today..CMP-161.90.
Chetan.
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chetan83
Brown Belt
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Posts: 2036
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| Post: #69 Posted: Wed Jun 20, 2012 12:32 pm Post subject: Re: PFC |
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| chetan83 wrote: | | chetan83 wrote: | | sumesh_sol wrote: | PFC..15tf
========
Will short below 160.8 for ML as tgt |
Good catch Sumesh...i m slogging in PFC since yesterday..lets see...if this trade turn fruitful .
Chetan. |
PFC bouncing from 34 EMA, look fishy....CMP-161.90...need to close below 160.80 for 15 min...or else a new high... 
Chetan. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #70 Posted: Wed Jun 20, 2012 1:48 pm Post subject: Re: PFC |
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| chetan83 wrote: | | chetan83 wrote: | | chetan83 wrote: | | sumesh_sol wrote: | PFC..15tf
========
Will short below 160.8 for ML as tgt |
Good catch Sumesh...i m slogging in PFC since yesterday..lets see...if this trade turn fruitful .
Chetan. |
PFC bouncing from 34 EMA, look fishy....CMP-161.90...need to close below 160.80 for 15 min...or else a new high...
Chetan. |
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160.80 triggered...r u short Sumesh...or still waiting for further downside?
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #71 Posted: Wed Jun 20, 2012 2:13 pm Post subject: Re: PFC |
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[quote="chetan83
160.80 triggered...r u short Sumesh...or still waiting for further downside?[/quote]
My SL tgrd Chetan, Now let's see how it behaves at Upper line..
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #72 Posted: Wed Jun 20, 2012 8:11 pm Post subject: Re: PFC |
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| chetan83 wrote: | | chetan83 wrote: | | sumesh_sol wrote: | PFC..15tf
========
Will short below 160.8 for ML as tgt |
Good catch Sumesh...i m slogging in PFC since yesterday..lets see...if this trade turn fruitful .
Chetan. |
PFC bouncing from 34 EMA, look fishy....will it make a new high today..CMP-161.90.
Chetan. |
164.90>>>> new high 
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psalm
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chetan83
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Joined: 19 Feb 2010
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| Post: #74 Posted: Wed Jun 20, 2012 8:42 pm Post subject: Re: NIFTY MONTHLY CHART |
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| psalm wrote: | | I'm posting the Nifty monthly chart here with the APF method.....I dont know if this is correct......but if this is correct, then we're not much far from the support, I feel.... |
Hmmm......so in this case a bounce from the Support look very much attractive
Chetan.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #75 Posted: Wed Jun 20, 2012 8:54 pm Post subject: Re: NIFTY MONTHLY CHART |
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| psalm wrote: | | I'm posting the Nifty monthly chart here with the APF method.....I dont know if this is correct......but if this is correct, then we're not much far from the support, I feel.... |
why the doubt about correctness?
The median line resisted the price in the past and sent it back down to Lower median line.
no doubt needed. I too have been having this PF since long.
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