iCharts Discussions

[skd2012]

Super dupar again.

[rameshraja]

Hello Mr Sw_das

Trade above breakouts / Breakdown involves nearly 30 points risk and by any chance if it takesout twice, then we will be burnt in trades.. Look at this week. For short below Bear minus 20, LOC was takenout and again for BULL+20 also Stop takenout in the same week. Its a complete washout this week in both short and long.

I want your help in fine tuning the method that I perceived so long. I want other traders also to comeout with some workable solution in using this level effectively.

C T R

[skd2012]

Respected Rameshraja sir,

I do not know much about weekly levels. What I have seen daily levels work nicely with your method. It was superbly effective on expiry days for a few series. I have seen this when ST used to share for free It gave 100% option return. (But one must not take this for granted on next expiry day)

It is very handy for traders along with other studies and charts. Sometime it helps where we need to book profits and sometime entry for a fresh trade (with chart confirmation). It is really a good find. It has really amazed me.

Regards

[systrader]

Sir

But this is only a HIT and trial Method if SL BULL + 20 not hit then the gain would be only 10 points BULL+10 Entry to LOC of BULL in both cases the loss is 10 points and gain is 10 points no doubt it works and no need for any indicator to follow except mocing average to watch breakout am i right and what after gaining 10 pints

Suppose Nifty Bull breakout @ 6000 then short @ 6010 SL 6020 and TGT 6000 and we gained 10 points and what after that in dilema to BUY/futher SELL ??????????????

[thakkarpriteshv]

Respected rr sir,

your method is

Thakkar Pritesh V