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intra.trader
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Post: #391  Posted: Thu Jul 25, 2013 9:36 am Post subject: Re: confused on the time frame |
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| sjjhala wrote: | intraday.trader:
dude, what is the final time frame for trading USDINR? 10 mins or 6 mins..kindly clarify and confirm once and for all..
thanks.
Sid |
Boss you can use 6 min once and for all, I was testing for difference tfs what is the results..
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intra.trader
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| Post: #392 Posted: Thu Jul 25, 2013 10:46 am Post subject: |
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One of the user asked me comparison between USD and NIFTY in PM
Hi,
| intra.trader wrote: | Usually margin is around 1800 for USDINR
Comparison : -
Average(200 days) ATR(14) is around 40 and one can usually try to capture 1/3rd of ATR.. so captures .14paise which comes to rs 2050, which 41 points of nifty.. One other hand average ATR(14) on nifty is 22(rs 1100) and banknifty 67(rs 1650)
but as of now due to RBI interruption margin has increased to 4000
I May be wrong, If wrong do correct me...
To capture 15 paise on an average in a day is easy in USDINR and more possibly then earning 45 points in NIFTY( My opinion only)
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kuldeep.panda
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| Post: #393 Posted: Fri Jul 26, 2013 11:25 am Post subject: |
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Thanks man intra...
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intra.trader
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| Post: #394 Posted: Tue Jul 30, 2013 9:30 am Post subject: |
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Constant intervene in USD-INR..giving whips..Euro sailing smoothly...
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intra.trader
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intra.trader
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| Post: #396 Posted: Mon Aug 19, 2013 4:06 pm Post subject: |
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| USD-INR should stop 63.40..If EOD close above 63.50, 65 is for most probable target. could finally top out near 67..
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intra.trader
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intra.trader
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| Post: #398 Posted: Tue Aug 20, 2013 1:23 pm Post subject: |
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For usd to fall more it has to break 63.5000 give 6 min CC below it. and Euro below 84.70.. I feel it may go up now.. taking support @ RSI near 40 levels..
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krish_pm
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| Post: #399 Posted: Thu Aug 22, 2013 12:03 am Post subject: |
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intra.trader sir,
How the value 63.5000 is derived? I want to learn the stratergy. please tell me
krish.
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intra.trader
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| Post: #400 Posted: Thu Aug 22, 2013 10:34 am Post subject: |
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| intra.trader wrote: | | USD-INR should stop 63.40..If EOD close above 63.50, 65 is for most probable target. could finally top out near 67.. |
EOD Close above 65.20 ...67.20 May be top out area for USD-INR
If from here it does goes down it should Give to EOD close below 63.50 for down trend..
It in the last leg of I suppose as per dow now..Speculation zone, Gaps vertical highs. Front page of every newspaper..i Am expecting a turn around in USD in a month now..
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intra.trader
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| Post: #401 Posted: Thu Aug 22, 2013 10:36 am Post subject: |
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| krish_pm wrote: | intra.trader sir,
How the value 63.5000 is derived? I want to learn the stratergy. please tell me
krish. |
Just used some pattern and fibbo to derive the value,
But this not what I trade using. I trade on 6 min charts, With Super Trend and EMA.
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intra.trader
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| Post: #402 Posted: Thu Aug 22, 2013 11:22 am Post subject: |
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| intra.trader wrote: | | intra.trader wrote: | | USD-INR should stop 63.40..If EOD close above 63.50, 65 is for most probable target. could finally top out near 67.. |
EOD Close above 65.20 ...67.20 May be top out area for USD-INR
If from here it does goes down it should Give to EOD close below 63.50 for down trend..
It in the last leg of I suppose as per dow now..Speculation zone, Gaps vertical highs. Front page of every newspaper..i Am expecting a turn around in USD in a month now.. |
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krish_pm
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| Post: #403 Posted: Thu Aug 22, 2013 12:41 pm Post subject: |
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intra.trader sir,
Thanks for the reply.
I want to learn the stratergy. please tell me.
what pattern you have used and what is the fibbonacci percentage used
to find the values 63.50, 65.20 and the top out area 67.20?
How to find the top out area?
Krish.
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intra.trader
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| Post: #404 Posted: Thu Aug 22, 2013 1:08 pm Post subject: |
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This what i did and came out with these numbers..
A triangle brake out and took 161, 200 and 261 of the triangle range.
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krish_pm
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| Post: #405 Posted: Thu Aug 22, 2013 9:56 pm Post subject: |
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Thank you sir.
I understand the stratergy. The triangle breakout first target 200% @63.3970
and next target 261.8% @ 67
krish.
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