iCharts Discussions

[vinay28]

There you see. Soon after I posted, it broke 5517, the bottom so far. Market is nervous. Strong opposite forces operating. But I feel market still has some upward move left next week and I hope I am right.

[sujai1234]

can v go long now?

[vinay28]

If you are asking me (a novice), the answer is yes. However, NF must soon go up and remain above 5538 to push it to 5562 and then may be.....

[sethu45]

Hi Avinash.

Nifty OHL around 9.45 taken from NSE site. 5563 5609 5558. trend shows buy. This is what the situation I exactly asking you the entry point. Folowing are calculation: Stop for buy 5516 targt is 5605 which has alrdy been achivd in opening few mts. Stop fr sell 5569 tgt is 5521. In case if we s0ld at 5555 with stop of 5569 the tgt could have been achived. without hitting stop loss. The most important point is to identify the valid entry point. Please advise I am right. Invite Mr. sharemuthu sir to comment on the above.

sethuraman

[gambletrader]

Sethuraman Sir,
I have asked a similar question to Avinash. And based on his reply I understood that we should enter based on the 9:30 candle close immediately. There are only two conditions on which we should not enter.
a) SL is more than 30 points
b) Target already achieved.

If the above two conditions are not satisfied then we can enter immediately. And we should exit when either our target is achieved or before ( when we feel that points gained is sufficient)

Just thought I could share this, And expect Avinash and experts of this system to give more inputs.

Regards,
Kishore

[avinash02]

[avinash02]

sorryy frnd yesterday me market me nahi tha so reply nahi de saka ....




avinash

[sethu45]

Hi Avinash, Got your point. Though the trend was up and since we prepared the stop for long and short and 5 mts candle also given sell why should nt we sell with sell stop and got the poits. Its only intraday trading. Making money is only the motto for everybody. I agree with your 1/6/2011 example also. Let me watch for this week and post my findings here. I am trying to figure out the exact entry point for your proven strategy. No oversall sentiment. Please comment.

sethu

[Rahulsharmaat]

open -- high-- low at 9.30 on friday was--
5593---5595---5589

am i right-- and how do we use it now---

open -- high -- low at 9.15 was
5558---5584---5558

please guide --its confusing a bit

[sethu45]

[sethu45]

[quote="vkisho"]Sethuraman Sir,
I have asked a similar question to Avinash. And based on his reply I understood that we should enter based on the 9:30 candle close immediately. There are only two conditions on which we should not enter.
a) SL is more than 30 points
b) Target already achieved.



Thanks Mr.Kishore. I agree with you. We should have some valid entry point & time as timing the mkt is most important. Also not sure of how many times can we do if the same levels workd. I presume intraday means only one time. Lets wait for Mr.Avinash to reply.

[avinash02]

[sethu45]

Dear Avinash,
Thanks for your clarification. If the trend is up you are advising to buy immdly and trend down sell immdtly. Understood the point I will post findings & trade in coming days.

regds
sethu

[Rahulsharmaat]

Avinash Sir,

please reply me-- open -- high n low taken at what time-- at 9.15-- or at 9.30--- if 9.30 then open of 9.15 is valid-- low ands high made till 9.30--

and then position-- so p[lease help in it

[smartcancerian]