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COPPER ~ POSITIONAL [WELGRO] |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #1  Posted: Thu Dec 13, 2012 9:58 pm Post subject: COPPER ~ POSITIONAL [WELGRO] |
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SELL COPPER ~ EVERY PULLBACK
SHORT NOW CMP : 444.60
STOP LOSS : 451.10
TARGETS : 429.05 - 412.80
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #2 Posted: Sat Dec 15, 2012 12:15 am Post subject: |
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HI,
what is update on this call ? i am in to this trade.
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #3 Posted: Wed Dec 19, 2012 10:54 pm Post subject: |
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MADE LOW ::::::::::::::::::::: 438.40 ::::::::::::::::::::::::
CHART IS GREAT 
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #4 Posted: Thu Dec 20, 2012 4:27 pm Post subject: |
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MADE LOW ::::::::::::::::::::: 436.60 ::::::::::::::::::::::::
CHART IS GREAT
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #5 Posted: Thu Dec 20, 2012 4:44 pm Post subject: |
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| welgro wrote: | MADE LOW ::::::::::::::::::::: 436.60 ::::::::::::::::::::::::
CHART IS GREAT |
Can you explain what pull back is ?
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #6 Posted: Thu Dec 20, 2012 6:17 pm Post subject: |
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| pavan29 wrote: | | welgro wrote: | MADE LOW ::::::::::::::::::::: 436.60 ::::::::::::::::::::::::
CHART IS GREAT |
Can you explain what pull back is ? |
How to Trade Pullbacks
Buying weakness and selling strength is the art of buying pullbacks. Stocks that are in up trends will pull back offering a low risk buying opportunity and stocks that are in down trends will rally offering a low risk shorting opportunity.
As a swing trader, you have to WAIT for these opportunities to happen because...
Doesn't it make more sense to buy a stock after a wave of selling has occurred rather than getting caught in a sell-off?
Doesn't it make more sense to short a stock after a wave of buying has occurred rather than getting caught in a rally?
Absolutely! If you are buying a stock then you want as many sellers out of the stock before you get in. On the other hand, if you are shorting a stock, then you want as many buyers in the stock before you get in. This gives you a low risk entry that you can manage effectively.
Buying Pullbacks And Shorting Rallies
Where do you buy a pullback and where do you short a rally? You buy them and short them in the Traders Action Zone (TAZ). Here is and example on the long side:
See how you are buying stocks in strong up trends after a wave of selling has occurred? Ok, now here is an example on the short side:
Now you can see how you are shorting stocks after a wave of buying has occurred.
When going long, wait for the decline into the TAZ and when going short, wait for the rally into the TAZ.
Are all of them created equal? Nope. You have just a standard pullback like in the example above and then you have...
The First Pullback
These are exactly what the name implies. It is the first one after a change in trend. How do you identify a change in trend - when the 10 SMA crosses the 30 EMA. After that happens, you look for an entry when the stock gets into the TAZ. Here is an example:
This is the most reliable type of entry into a stock and this is the likely area where institutional money is going to come into the stock. If you only trade one pattern, this should be it! You can get into a stock at the beginning of a trend, at a point of low risk, and you can take partial profits and ride the trend to completion! What more could you ask for?
Oh yeah, speaking of getting in on the beginning of a trend. This next setup fits neatly into an Elliott Wave Pattern...
First Pullback After A Breakout
There is one other type of pullback worth mentioning and that is the first pullback after a breakout.
If you are looking at a stock that is trading sideways or forming a basing pattern, and it suddenly breaks out of the pattern, you can look to buy the first pullback after the breakout. This also gives you a low risk entry into a stock that will likely continue the current trend.
Here is an example:
Most traders are going to buy break outs. The word break outs sounds so exciting doesn't it? The problem with buying break outs is that it is hardly every low risk. Think about it. If you are buying stocks when everybody else is, then who is left to buy the stock after you get in?
Forget buying break outs? Step away from the crowd. Wait for the breakout buyers to get scared and sell. This sets up the pullback that you can get into with low risk, high odds, and a profitable reward.
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #7 Posted: Thu Dec 20, 2012 7:25 pm Post subject: |
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WELGRO
You have refreshed my memories of very nice and simple trading setup by Larry swing.
T-30 that's what he calls them. In fact he uses couple of indicators too for screening purposes.
SHEKHAR
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #8 Posted: Thu Dec 20, 2012 7:47 pm Post subject: |
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WELGRO
super TAZ explanation
If possible give Silver and Gold calls 
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #9 Posted: Thu Dec 20, 2012 7:59 pm Post subject: |
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| copper 432.15 cheersssssssssss WELGRO
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #10 Posted: Thu Aug 01, 2013 7:11 pm Post subject: |
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vsgokhale
White Belt
Joined: 24 Jul 2007
Posts: 18
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| Post: #11 Posted: Fri Aug 02, 2013 6:31 pm Post subject: |
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Welgro.sir
I am new to this .do you mean that one can take position in copper and the same may touch 490/- pl elaborate
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NittinP
White Belt
Joined: 23 Sep 2012
Posts: 48
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| Post: #12 Posted: Sun Aug 04, 2013 10:23 pm Post subject: |
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Welgrow Sir,
I see different picture in Copper... I am looking at USD Chart and it show multiple hurdles on upside... if it breaches trendline then double top formation.... once tht is crossed then rally in copper..
Pls advice...I might be wrong...
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #13 Posted: Thu Aug 22, 2013 10:17 am Post subject: |
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| copper made high 477.30
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #14 Posted: Thu Aug 22, 2013 11:14 am Post subject: |
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| Made high ::::::::::::::: 481.35
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #15 Posted: Tue Aug 27, 2013 5:17 pm Post subject: |
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Made high ::::::::::::::: 491.90
Target done
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