iCharts Discussions

[SwingTrader]

[ravin_06]

Dear Sir,
WE are Awaiting your post As you mentioned.

***There are other advanced strategies using oscillators to identify price extremes for the day to take a counter-trend trade to capture price reversals. But these are advanced anticipatory trades against the trend. I put in lot of effort to not go against the trend. I like to be safe and not brave so I take trades in the direction of short-term trend (the regular trades attempt to capture this trend).***

Thanks .

[tulsian1107]

Dear sir,

Please post few day charts after closing of market, marking different tading rules like- Buy, Sell, Entry & Exit points. Tow close above the level for entry and most important level of the day.

Thanx

[rajeev_ranjan1974]

Dear Sir,
can u plz explain this system of urs for niftyfut.
I am new to ths system of loc. what is this LOC. i dont think it is related to pivot calculation. because the pivot level and loc r not matching.
please sir can u explain this system in details for newcomers like me.
thanks in advance.
Raj

[SwingTrader]

[SwingTrader]

[krishna.tulsyan]

Dear sir,

Please let me know if , I was right or wrong for the following decision on today chart.

1. Is important line of the day is bear?

2. At 10.20 AM candle closes above bear showing ling entry.

3. Should be exit when candle hit the bull line or should wait.

4. The candle above bear line at 12.20 PM be treated as 2nd entry. and again at 12:50 ebtry point and at 1.20 pm can we take entry.

5. Below bull line 14.25 and after 2 candle showing downentry. and above loc single close at 14.55 pm can we taken entry & same wise below bull at 15.10 is short entry or exit how to decide.

6. Above the bull at 14.25 first of 3rd candle down and agin 4th above close it seems to be long enrty but happen opposite..

7. Trade existed b/w bear & bull line should be we trade with help of STS.

It is humble request plz share your vaulable time to mark different place on todays chart.


Thanx
Tulsian

[SwingTrader]

[SwingTrader]

As per Mr. Tulsiyan's request I am posting today's NF chart (5 Min) with possible trades.

Clarifications follow below (these are for the trade numbers that are there on the chart):

1. This is a trade based on the "Alternative Strategy" I have posted recently. 10:10 AM bar is a swing high. 10:50 bar closed above this swing high triggering a long trade as per the alternative strategy (entry would be at open of 10:55 bar). One may or may not have bought because a big move had already taken place after price bounced at BEAR level. But I have indicated this trade as it was a valid long trade.

2. 11:15 bar was a swing low. 11:30 bar broke down below this swing low triggering a short trade (entry would at at open of 11:35 bar).

3. 11:35 bar was a swing low. 11:50 bar closed below this swing low tiggering a short trade (a continuing trade as one would be already short if the #2 trade above was taken)

4. 13:10 bar was swing high. 13:30 bar broke above and closed above this swing high triggering a long trade (the bar also broke above LOC and closed above it - additional confirmation of bullish move). NOTE: If regular long trade (#6 below) was taken then one would already be in a long trade when this trade was triggered.

5. 13:55 was a swing high. The 14:20 bar closed above this swing high but it closed very near the bull level. One may or may not have taken this trade as one might have already been in the long trade if trade #4 was taken.

6. This is a regular trade long trade. 12:10 bar had closed below bear level. After that there were two closes above the bear level triggering a regular long trade.

7. Again a continuing long trade (two closes above a level after price was below this level previously).

There are other regular trades here that I have not pointed out as one would already be in a trade during such time so would ignore those. One trade too late (just before the mkt close) was also ignored.

NOTE: THERE ARE FEW KEY ANTICIPATORY TRADES HERE THAT REQUIRE SOME JUDGEMENT SO I HAVE LEFT THOSE OUT. WILL PROBABLY DISCUSS THOSE LATER. THESE TRADES ARE AGAINST THE TREND AND DONE IN ANTICIPATION OF A TREND REVERSAL OFF A LEVEL WITH STOPS PLACED VERY CLOSE.

[krishna.tulsyan]

Dear sir,

Thankyou very much. There are no words for appreciation for providing in such a nice way to trade with the help of yours both strategies. Thanks again for the hard work & for spare your valuable time. Really this reply has removed confusion and develops my knowledge for catching the trend.

Your seminar helps us to go in deeply for technical analysis. We are definitely in ur guidance we will do successful trading in future thanks a lot.

Tulsian

[ravin_06]

Swing trader,

Can you buil-up your NIFTY-FUTURE lvl as * SWING TRADES indicator * with other indicator or direct tool so we icharts subscriber can follow at a trading hours ?

You have good knowlage about technicals.

Awaiting your reply.

Thanks.

[vsp1964]

Dear Sir,

I am interested to know how nifty levels are calculated before the trade starts. If pivot method or some other tools. Pls explain.

Regards,

Sundar

[tulsian1107]

Good after noon SIR

1. In case of gap down opening is s2 will be important level for the day, or any other.

2. At 12.30 there is two close below bear it is sell signal or not?

3At 12.40 candle is red can we short here.

4. There is two close above bear before 11.15 pm but buy signal faills.
Plz let me know sir is important level is sl for long and short.

Thanx

[SwingTrader]

[tulsian1107]

Good After Noon sir

Buy/Sell comes after above or below 2 close but due to candle formation , it is creating some confusion. plz guide us,

1. in case when 2 close above a level , candle should be green, green or red or both. when there is no candle in a series b/w 2 levels , green , red , than how should we decided to go long or not?

2. Today at 13.20 pm 2 close above s1 green candle 3 rd red, 4 th green , 5 red , 6th green in this case what to do/

plz clarify in detail how to judge 2 close above a level in different situation?

thanx