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How to detect a whipsaw and sideways trend in Day Trading |
hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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Post: #16  Posted: Wed Jun 27, 2012 10:47 pm Post subject: |
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| smartcancerian wrote: | Request to PT/ST sir..if we can have historic ichart levels (intra)..pl provide the link..thanx in advance..even last 10 days will do..(this was the roughest track i faced in intra..  ) |
http://www.icharts.in/icharts-historical-levels.html
Regards, hasten
Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #17 Posted: Wed Jun 27, 2012 10:50 pm Post subject: |
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hasten...thanx dear..  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #18 Posted: Wed Jun 27, 2012 11:00 pm Post subject: |
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| rameshraja wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
[......]
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Sir, the strategy seems good. Can you please provide some example. Thanks
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pattiboy02
White Belt
Joined: 16 Mar 2009
Posts: 220
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| Post: #19 Posted: Tue Jul 03, 2012 1:22 pm Post subject: |
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| rameshraja wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Dear Ramesh Raja Sir
Thanks for sharing your strategy with us. I shall first backtest it and then seek again your help
once again thanks
pattiboy |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #20 Posted: Wed Jul 04, 2012 10:59 am Post subject: |
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| rameshraja wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Hello Ramesh Sir,
Thanks for this wonderfully simple strategy. I'm trying to apply this on some stocks... However,
1.) Is this method applicable in any conditions(trending/rangebound) ?
2.) Is it recommended to short in uptrend and vice versa ?
3.) I understand SLR is SL & reverse, then after reversal what would be tgts and SL ?
4.) Do we require any other confirmation for trade ?
Thanks and Regards,
Sumesh |
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #21 Posted: Wed Jul 04, 2012 11:19 am Post subject: reversal trade |
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| sumesh_sol wrote: | | rameshraja wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Hello Ramesh Sir,
Thanks for this wonderfully simple strategy. I'm trying to apply this on some stocks... However,
1.) Is this method applicable in any conditions(trending/rangebound) ?
2.) Is it recommended to short in uptrend and vice versa ?
3.) I understand SLR is SL & reverse, then after reversal what would be tgts and SL ?
4.) Do we require any other confirmation for trade ?
Thanks and Regards,
Sumesh |
Sumeshji and other traders,
Pl. go thro SB archieves of 29/6/12 (evening) for reversal trades SL. Also he has explained that day how to trade stocks.
Best wishes
Sangi |
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pattiboy02
White Belt
Joined: 16 Mar 2009
Posts: 220
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shrimde
White Belt
Joined: 19 Feb 2009
Posts: 22
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| Post: #23 Posted: Wed Jul 04, 2012 8:53 pm Post subject: Re: reversal trade |
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| sangi wrote: | | sumesh_sol wrote: | | rameshraja wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Hello Ramesh Sir,
Thanks for this wonderfully simple strategy. I'm trying to apply this on some stocks... However,
1.) Is this method applicable in any conditions(trending/rangebound) ?
2.) Is it recommended to short in uptrend and vice versa ?
3.) I understand SLR is SL & reverse, then after reversal what would be tgts and SL ?
4.) Do we require any other confirmation for trade ?
Thanks and Regards,
Sumesh |
Sumeshji and other traders,
Pl. go thro SB archieves of 29/6/12 (evening) for reversal trades SL. Also he has explained that day how to trade stocks.
Best wishes
Sangi |
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