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How to trade using iCharts Levels - C T Ramesh Raja Method |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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Post: #16  Posted: Thu Jul 05, 2012 10:07 am Post subject: |
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| sumesh_sol wrote: | Bought half @ 5310 (near bear level).. other half kept @ 5296..
SL-5286 ... Tgt 5323/5340 |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #17 Posted: Thu Jul 05, 2012 11:28 am Post subject: |
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| rameshraja wrote: | Mr Umesh
Please read the Start of the thread for Targets. For SLR trade, I am yet to post the strategy in Forum.
Best Wishes
C T R |
Thanks Ramesh
todays loc point was great
Dear RR Sir
Thanks for your suggested method To clear confusion and enlighten all please post your strategy on the same at earliest
Thanks
Last edited by umesh1 on Fri Jul 06, 2012 12:49 pm; edited 1 time in total |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #18 Posted: Thu Jul 05, 2012 1:45 pm Post subject: |
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MR sumesh
Book partial profit here at 5344 |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #19 Posted: Thu Jul 05, 2012 1:46 pm Post subject: |
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| rameshraja wrote: | MR sumesh
Book partial profit here at 5344 |
Sir, thanks for guidance.. I have booked full. and now placed short order @5350 .. |
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pattiboy02
White Belt
Joined: 16 Mar 2009
Posts: 220
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| Post: #20 Posted: Thu Jul 05, 2012 1:47 pm Post subject: |
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Dear Raja sir
Now trade can be taken as follows:
Short at 5350 SL @ 5360
Thanks
Regards
Ashish |
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sri aish
White Belt
Joined: 25 Jun 2009
Posts: 14
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| Post: #21 Posted: Thu Jul 05, 2012 3:04 pm Post subject: |
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bnf bear level today 10473, low made 10413, after crossing LOC, it rocked, Ramesh rajas idea to trade ichart levels very good . Thanks to icharts and Ramesh raja   |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #22 Posted: Thu Jul 05, 2012 3:17 pm Post subject: |
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| aisham65 wrote: | | bnf bear level today 10473, low made 10413, after crossing LOC, it rocked, Ramesh rajas idea to trade ichart levels very good . Thanks to icharts and Ramesh raja |
I think for bnf (Bull + 20/25 points) should be taken for shorting, and bear -20/25) for Long... and going by this logic, bnf is short now ! |
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sri aish
White Belt
Joined: 25 Jun 2009
Posts: 14
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| Post: #23 Posted: Thu Jul 05, 2012 3:25 pm Post subject: |
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| sumesh_sol wrote: | | aisham65 wrote: | | bnf bear level today 10473, low made 10413, after crossing LOC, it rocked, Ramesh rajas idea to trade ichart levels very good . Thanks to icharts and Ramesh raja |
I think for bnf (Bull + 20/25 points) should be taken for shorting, and bear -20/25) for Long... and going by this logic, bnf is short now ! |
sumesh _ sol, when any stock / index crosess LOC after trading below bear level it remains bullish .after crossing bull level so no shorting bnf now. yes ur right 20 points shud be considedred for bnf, its my observation, rest RR may explain
regards
aisham |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #24 Posted: Thu Jul 05, 2012 5:58 pm Post subject: |
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Mr sumesh
Did you reverse and short Asian Paint below Bear minus 20 at 3833 ? Stock has crashed by Rs.58 from short level. |
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s.tarlochann
White Belt
Joined: 11 Aug 2011
Posts: 18
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| Post: #25 Posted: Thu Jul 05, 2012 7:45 pm Post subject: |
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Greetings!
I am a novice trader. So kindly solve a difficulty for me.
Should we enter with the close of candle below-bear/above-bull level or when the same is under progress. And also the candle of which time frame?
Regards. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #26 Posted: Fri Jul 06, 2012 9:16 am Post subject: |
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Hello RR sir,
As told by you, i have been observing price reactions at bear-10 & bull+10 lvls..day before ystday it reacted well..ystday was a modified entry (50% at bear lvl)..booking at loc & then re-entry(modified 50% at bull lvl & 50% at bull+10)...Before trading actually, want to have complete system viz..SLR entry rules..etc..so pl enlighten further as per your convenience..Also..going thru ystday SB archives..you mentioned Imperfect close funda on ICICI bank..Pl help us on that also by elaborating more on that & if possible with some charts...
Thanx.. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #27 Posted: Fri Jul 06, 2012 9:19 am Post subject: |
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| Bought half @ near bear level, rest half kept @ bear-10 |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #28 Posted: Fri Jul 06, 2012 9:30 am Post subject: |
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| rameshraja wrote: | Mr sumesh
Did you reverse and short Asian Paint below Bear minus 20 at 3833 ? Stock has crashed by Rs.58 from short level. |
No Sir, I did not reverse below bear minus 20 as I was waiting for the price to retrace to bear level for reshort with SL @LOC..But it didn't..
Can u please suggest what to do in such situation (along with SL/tgt guidelines)..
(As such this method has been spot on in NF..) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #29 Posted: Fri Jul 06, 2012 10:08 am Post subject: |
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| sumesh_sol wrote: | | Bought half @ near bear level, rest half kept @ bear-10 |
SL trgrd.. |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #30 Posted: Fri Jul 06, 2012 10:16 am Post subject: |
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| sumesh_sol wrote: | | sumesh_sol wrote: | | Bought half @ near bear level, rest half kept @ bear-10 |
SL trgrd.. |
Dear Sumesh
Did you enter short as per RR method?
regards |
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