| View previous topic :: View next topic |
| Author |
Examples (Aug 2010) |
kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
|
Post: #46  Posted: Tue Aug 03, 2010 11:03 am Post subject: |
 |
|
yes ST, it hit my SL.  but it is a good lesson.
Quoting your words
"Also, for any divergence based on any momentum indicator a confirmation from the price itself is necessary. Divergences fail all the time. The price needs to breakdown to confirm the divergence"
thank u |
|
| Back to top |
|
 |
|
|
|
dilesh
White Belt
Joined: 09 Aug 2008
Posts: 73
|
| Post: #47 Posted: Tue Aug 03, 2010 11:03 am Post subject: |
|
|
ST Sir,
LT taking support at S1 repeatedly. Will it be a good counter trend buy with a stop below day's Low or better to wait for close above BEAR.
Regards,
Dilesh |
|
| Back to top |
|
|
kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
|
| Post: #48 Posted: Tue Aug 03, 2010 11:09 am Post subject: |
|
|
[quote="dilesh"]ST Sir,
LT taking support at S1 repeatedly. Will it be a good counter trend buy with a stop below day's Low or better to wait for close above BEAR.
dilesh, I feel as 89 ema is also just above bear level, if we get a chance we should short at bear with stop above 89. lets see what ST feels. |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #49 Posted: Tue Aug 03, 2010 11:11 am Post subject: |
|
|
| dilesh wrote: | ST Sir,
LT taking support at S1 repeatedly. Will it be a good counter trend buy with a stop below day's Low or better to wait for close above BEAR.
Regards,
Dilesh |
Sit tight and watch...it can continue the downtrend if it breaks below S1 and also there is a possibility of it reversing from the BEAR-S1 band.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
|
| Post: #50 Posted: Tue Aug 03, 2010 11:20 am Post subject: |
|
|
Dear ST sir,
for intraday what TF and ema I should use?
regards |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #51 Posted: Tue Aug 03, 2010 11:29 am Post subject: |
|
|
| prabit wrote: | Dear ST sir,
for intraday what TF and ema I should use?
regards |
One's intraday trading timeframe depends a lot on how much risk you can take. Your stop loss in lower timeframe is usually more closer to your entry than in higher timeframes. But this is a double edged sword as one tends to get stopped out (whipsawed) more in lower timeframes. But for higher timeframes like 30/60 mins you need more patience and capital.
Sorry for the lecture....in general don't go below 5 mins TF for trading. At the same time you should usually monitor trends in higher timeframe like 15/30/60 mins.
EMAs - I always keep 34 & 89 EMAs on the chart. Nothing is usually there. I have settled on these because I have been using these for years now and am very comfortable with these. These EMAs are, in my opinion, key EMAs for any timeframe. They act as key support/resistance and give you a quick snapshot of the current trend.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
sinash2003
White Belt
Joined: 06 Jan 2010
Posts: 22
|
| Post: #52 Posted: Tue Aug 03, 2010 12:02 pm Post subject: |
|
|
Hi ST sir,
What's ur view on NIFTY 5min chart, I thnk u are also waiting for it to break BULL region |
|
| Back to top |
|
|
diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
|
| Post: #53 Posted: Tue Aug 03, 2010 12:08 pm Post subject: ICICI-1M |
|
|
ICICI-1M facing strong resistance @ R5....
Also 21EMA supporting it....
Holding long from 940... with trailed sl of 947.... tgt 956...
ST can i cover my positions now or wait and watch....?
Regards,
Diwakar R |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #54 Posted: Tue Aug 03, 2010 12:14 pm Post subject: |
|
|
| sinash2003 wrote: | Hi ST sir,
What's ur view on NIFTY 5min chart, I thnk u are also waiting for it to break BULL region |
As we had discussed earlier today, it is bullish as there is significant support on the downside (EMAs & BEAR-S1 band). Above the resistance is BULL-R1 band. Decent moves are possible only after these are cleared. I had mentioned that overall bias is bullish because the EMAs are indicating this. But later if EMAs catchup with price and then price breaks below the EMAs it can quickly turn bearish...until then sideways to bullish.
Just watch the key levels...
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #55 Posted: Tue Aug 03, 2010 12:15 pm Post subject: Re: ICICI-1M |
|
|
| diwakar wrote: | ICICI-1M facing strong resistance @ R5....
Also 21EMA supporting it....
Holding long from 940... with trailed sl of 947.... tgt 956...
ST can i cover my positions now or wait and watch....?
Regards,
Diwakar R |
It is your call  It seems to be waiting for a clue to the near term direction the broad indicies will take. I guess it will start moving when indicies start to move.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
dilesh
White Belt
Joined: 09 Aug 2008
Posts: 73
|
| Post: #56 Posted: Tue Aug 03, 2010 1:23 pm Post subject: |
|
|
ST Sir,
Thanks for your reply regarding LT.
EDUCOMP Short workded good today!
Regards,
Dilesh |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #57 Posted: Tue Aug 03, 2010 1:26 pm Post subject: |
|
|
Just back from lunch and the scenario has changed a bit for NF. Now it is below key EMAs, the bias has shifted downward until at least the BEAR level is hit. A breakdown below S1 can be very bearish for near term....but also watchout for reversal up from BEAR-S1 area.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #58 Posted: Tue Aug 03, 2010 1:54 pm Post subject: |
|
|
| dilesh wrote: | ST Sir,
Thanks for your reply regarding LT.
EDUCOMP Short workded good today!
Regards,
Dilesh |
Just saw EDUCOMP....that was a good trade!!!
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
Kumthekar
White Belt
Joined: 25 Mar 2009
Posts: 8
|
| Post: #59 Posted: Tue Aug 03, 2010 2:07 pm Post subject: |
|
|
One obeservation : TataMotors-1m levels for yesterday worked better for today.
With those levels as reference,
- Price opened at Bull level & Faced Bull-R1 resistance,
- Went down all the way to S1,
- Retested bear and S1 levels,
- Back to bull level again and
- Resistance at Bear level.
Just a co-incidence?
Regards,
Aniruddha |
|
| Back to top |
|
|
dilesh
White Belt
Joined: 09 Aug 2008
Posts: 73
|
| Post: #60 Posted: Tue Aug 03, 2010 2:14 pm Post subject: |
|
|
ST sir,
Your yesterday's example of DLF, to entering only after consolidation was very good. BHARTIARTL brokeout nicely only after consolidation above R1.
Thanks,
Dilesh |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
