iCharts Discussions

[SwingTrader]

[seshareddy]

iam enjoying with this icharts levels

if any day mkt opened with low same at R1 that is the best breakout long side same reverse from S1 ( OH ) OR OH from R1 or OL from S1 also will b excellent


iam using this breakout R1 and S1 for another calculations also


really wonderful calculated R1 and S1 we can use somany ways


thanks swing trader providing this levels and requesting to provide for comm also so i can start comm trading

seshareddy

[SwingTrader]

[seshareddy]

hi ST sir

advance thanks for comm also


seshareddy

[singh.ravee]

st sir,
Hello,
In one of your previous forum"how to trade using ichart level sep 2010 " you have combined ichart levels with macd (13, 34, 13) on 5min time frame.

I wish to learn from you regarding the parameters for macd oscillator. Is parameter of 13,34,13 applicable on multiple time frames( 15min, 60min, daily and weekly)? or do we need seperate parameters for seperate time frames.

thanks and regards
ravee

[singh.ravee]

ST Sir,

Hello,
In one of your previous post you have used MACD, with fast oscillator along with ichart levels.

I would like to learn following from you;
1. Can overbought condition on %R be used as a confirmation of buy signal of MACD.
2. Does this overbought condition of %R should happen on the same candle on which MACD generates buy signal or should it happen on any of next few candles.
3. Can MACD and %R be used independtly of ichart levels with same setup.

Kindly clarify

Thanks and B Regards

Ravinder Singh.

[SwingTrader]

[singh.ravee]

ST Sir,
Good morning,
Please take your own time. Its always adivsable to wait for good things to come. So, I am waiting for your posts.
Thanks and Regards
ravee

[casper]

[dharmeshtr]

Dear Dharmesh,

You need not calculate the levels. They are already calculated by us. You only need to use them.

Those levels are proprietary of iCharts.

Thanks for your understanding

Regards

Kamal

[dharmeshtr]

Respected ST Sir,

Can you please explain at what level I should be LONG and I should be SHORT using iCharts levels?

From the explanation I really did not understand exactly at which level I have to enter end exit.

What should be stop loss, etc?

Thanks,
Dharmesh Rana

[SwingTrader]

[deepakms]

Hi ST,

Had'nt seen your posts for long and now good to have you back.
As you will be coming up some examples to explain the entry and exit mentioned in the peivious posts to Dharmesh,request you to post the same with the charts, displaying the values suggested by you (89 and 34 EMAs).
What I mean is the value used by you to trade (just for example)....which box of ema contains 89 and 34,the RSI value (14,30,70 or 9,30,70),DMA etc.
I know its different for short term and medium term traders...would like to know the best possible combinations for dealing with both time frames.
This would help us to determine whether to carry forward the trade and move along with the markets rather than prematurely exiting the position. kindly request you to post the details with pictures of charts displaying the vaues.

Thnx/Rgds
Deeppak

[dharmeshtr]

[san_hemani]

Respected Sir.

You have recommended this as mentioned below.
The key support/resistance bands are BULL-R1 and BEAR-S1. Your buy or sell decisions should be based on where the price has opened on a particular day with respect to these levels. To support your decision making I would strongly recommend placing EMA(34) & EMA(89) on the chart for trend & key sup/res indication.

Sir , pls let me know for what period i.e. on daily basis or on intraday (for 5minute/10 minslot ) shall i use this mvgs EMA(34) & EMA(89).

Regards,

Sanjay Hemani