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Fibo 15 Support Resistance Intraday |
twist
Joined: 12 Feb 2010
Posts: 333
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Post: #406  Posted: Fri Jun 14, 2013 9:30 am Post subject: |
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Todays S/R Levels for Nifty Future
Upper 261: 5813.5
Upper 161: 5785.4
Midpoint : 5754.2
Lower 161: 5723.0
Lower 261: 5694.9
15min High 5768.25 Low 5740.15 |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #407 Posted: Sun Jun 16, 2013 5:29 pm Post subject: |
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Hi Twist,
I was just going through your forum and am very impressed.I will try and use your approach.Just wanted to ask a few questions,when you say the first 15 min candle is it the 9.15 to 9.30 candle and secondly should i use the daily levels or weekly levels or combine both for positional trades.
Thanks and God bless |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #408 Posted: Sun Jun 16, 2013 7:51 pm Post subject: |
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| cliff23 wrote: | Hi Twist,
I was just going through your forum and am very impressed.I will try and use your approach.Just wanted to ask a few questions,when you say the first 15 min candle is it the 9.15 to 9.30 candle and secondly should i use the daily levels or weekly levels or combine both for positional trades.
Thanks and God bless |
Hi Cliff yes we take 9:15 to 9:30 candle high low values for positional trades u can backtest daily/weekly levels and select whichever works for you
Thanks
Regards
Twist. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #409 Posted: Sun Jun 16, 2013 9:09 pm Post subject: |
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Great!!!!! 
Will use your levels tomorrow.
Thanks |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #410 Posted: Sun Jun 16, 2013 11:41 pm Post subject: |
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Multi-TF Combination
Dear friends those people who are finding it difficult to trade using these levels or for those who are not experienced intraday traders i would like to advice them to trade these levels in the direction of higher time frames trend means if 30-60TF is in uptrend take long trades when mkt hits lower 161 or when it breaks upper 161 and keeps advancing in the direction of the main trend.. vice versa for short side  taking trades in the direction of higher timeframes are much more profitable than countertrend trades. by doing this one can avoid all the countertrend trades which are sometimes very fast and risky to handle  for intraday experts, gurus or those who have big capital they can take khujli trades in both the direction as per Fibo15 levels 
Happy Trading
Regards
Twist 
Last edited by twist on Mon Jun 17, 2013 12:16 am; edited 1 time in total |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #411 Posted: Sun Jun 16, 2013 11:48 pm Post subject: |
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those who dont have any methodology to find trend of higher timeframes they can use calculated pivot points, moving averages or any other structural pivot systems
| twist wrote: | Dear friends those people who are finding it difficult to trade using these levels or for those who are not experienced intraday traders i would like to advice them to trade these levels in the direction of higher time frames trend means if 30-60TF is in uptrend take long trades when mkt hits lower 161 or when it breaks upper 161 and keeps advancing in the direction of the main trend.. vice versa for short side taking trades in the direction of higher timeframes are much more profitable than countertrend trades. by doing this one can avoid all the countertrend trades which are sometimes very fast and risky to handle for intraday experts, gurus or those who have big capital they can take khujli trades in both the direction as per Fibo15 levels
Happy Trading
Regards
Twist |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #412 Posted: Mon Jun 17, 2013 9:34 am Post subject: |
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Todays S/R Levels for Nifty Future
Upper 261: 5849.0
Upper 161: 5829.7
Midpoint : 5808.4
Lower 161: 5787.0
Lower 261: 5767.8
15min High 5818 Low 5798.75 |
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dhdaarya
White Belt
Joined: 13 Apr 2012
Posts: 38
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| Post: #413 Posted: Mon Jun 17, 2013 9:50 am Post subject: |
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tt bhai keep updating  |
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #414 Posted: Mon Jun 17, 2013 10:09 am Post subject: |
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| twist wrote: | those who dont have any methodology to find trend of higher timeframes they can use calculated pivot points, moving averages or any other structural pivot systems
| twist wrote: | Dear friends those people who are finding it difficult to trade using these levels or for those who are not experienced intraday traders i would like to advice them to trade these levels in the direction of higher time frames trend means if 30-60TF is in uptrend take long trades when mkt hits lower 161 or when it breaks upper 161 and keeps advancing in the direction of the main trend.. vice versa for short side taking trades in the direction of higher timeframes are much more profitable than countertrend trades. by doing this one can avoid all the countertrend trades which are sometimes very fast and risky to handle for intraday experts, gurus or those who have big capital they can take khujli trades in both the direction as per Fibo15 levels
Happy Trading
Regards
Twist |
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Keep it up dear  |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #415 Posted: Mon Jun 17, 2013 10:31 am Post subject: |
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| JD, DH Thanks |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #416 Posted: Mon Jun 17, 2013 12:38 pm Post subject: |
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Looking for the trend:
On 30 TF.
Use some EMA Crossover 3/8, 5/13 etc.
Can use another indicator for confirmation. may be MACD RSI. BB
Take trade in the direction of trend (Crossover).
Keep S1, S2 or R1, R2 as target.
Keep it simple guys.
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #417 Posted: Mon Jun 17, 2013 1:08 pm Post subject: |
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| Taruj |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #418 Posted: Mon Jun 17, 2013 1:19 pm Post subject: |
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| taruj wrote: | Looking for the trend:
On 30 TF.
Use some EMA Crossover 3/8, 5/13 etc.
Can use another indicator for confirmation. may be MACD RSI. BB
Take trade in the direction of trend (Crossover).
Keep S1, S2 or R1, R2 as target.
Keep it simple guys.
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BTW: there will be times there won't be a crossover. dont be smart and try to enter... dont think crossover will happen, enter after the fact.
EMA Crossover: there is no perfect period settings. 3/5 quick entry more whipsaw, 5/13 or 34 less whipsaw, late entry. choose what you will
Also, there will be time when the targets will not hit. don't get mad and try to recover loss. follow your method. always.
If doing 'options' be extra careful as its difficult to always know the target price.
umm. am saying to myself... if it helps people |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #419 Posted: Mon Jun 17, 2013 1:24 pm Post subject: |
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| taruj wrote: |
BTW: there will be times there won't be a crossover. dont be smart and try to enter... dont think crossover will happen, enter after the fact.
EMA Crossover: there is no perfect period settings. 3/5 quick entry more whipsaw, 5/13 or 34 less whipsaw, late entry. choose what you will
Also, there will be time when the targets will not hit. don't get mad and try to recover loss. follow your method. always.
If doing 'options' be extra careful as its difficult to always know the target price.
umm. am saying to myself... if it helps people |
good contribution taruj thanks |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #420 Posted: Mon Jun 17, 2013 1:38 pm Post subject: |
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| twist wrote: |
good contribution taruj thanks |
Only writing what I have learnt for you and the good people of SB.  |
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