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rajmohanmbamhr
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Joined: 13 Oct 2011
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Post: #226  Posted: Sat Jun 15, 2013 12:36 am Post subject: GSPL reference |
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GSPL reference
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #227 Posted: Sat Jun 15, 2013 11:00 am Post subject: As long as its trades above trend line |
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As long as its trades above trend line and crossing the previous week high its a BUY - IDBI
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rajmohanmbamhr
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| Post: #228 Posted: Sat Jun 15, 2013 11:18 am Post subject: High Beta Buy if weekly high breaks |
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High Beta Buy if weekly high breaks SL below trend-line or who is ready to take risk and dont want miss the entire rally buy CMP for same stop
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #229 Posted: Sat Jun 15, 2013 11:32 am Post subject: Though the initial rally was missed |
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Though the initial rally was missed still its a good buy for its Weekly candle and the counter rally around trend line
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rajmohanmbamhr
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Posts: 444
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| Post: #230 Posted: Sat Jun 15, 2013 11:35 am Post subject: PFC for reference |
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PFC for reference
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #231 Posted: Sat Jun 15, 2013 11:43 am Post subject: Buy REC as long as its trades above 194 |
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Buy REC as long as its trades above 194 Though the possibility of hitting SL is more the risk reward is convincing enough to initiate the trade
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #232 Posted: Sat Jun 15, 2013 12:13 pm Post subject: Re: Not good for the country as long as its trades above 555 |
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| rajmohanmbamhr wrote: | | Not good for the country as long as its moving above and trades above 5550 |
made a high of 5700
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Gemini
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Posts: 166
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| Post: #233 Posted: Sat Jun 15, 2013 1:40 pm Post subject: |
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Dear Rajmohan,
Thanks for searching such gems and presenting to all. I plan to add these scripts to my watch list and wait fro trigger based on my system. I am sure the returns will be much better.
One suggestion: Please continue to have volume indicator in all charts. I am sure you will agree that volume is a very good indicator of the participation level.
Happy Trading 
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #234 Posted: Sat Jun 15, 2013 2:20 pm Post subject: |
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| Gemini wrote: | Dear Rajmohan,
Thanks for searching such gems and presenting to all. I plan to add these scripts to my watch list and wait fro trigger based on my system. I am sure the returns will be much better.
One suggestion: Please continue to have volume indicator in all charts. I am sure you will agree that volume is a very good indicator of the participation level.
Happy Trading |
Hi Gemini,
Yes the volume indicator is good to know the interest of traders in a particular stock. I am also using the volume indicator to increase to probability.
However here we are using LOG scale for the price in the charts the minute deviation in drawing trend line manually in beginning will leads greater deviation in the trend-line at the end and that will obviously will affect the decision making. So most of the time removed the volume indicator while drawing the line to get the clear picture and to avoid the errors.
Please suggest what other indicators we can use here to increase the probability of success.
Thanks
Rajmohan
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Gemini
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Joined: 28 Apr 2009
Posts: 166
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| Post: #235 Posted: Sat Jun 15, 2013 6:23 pm Post subject: |
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Hello Rajmohan,
Thanks. In my opinion, your studies related to pure price movement ( with related volume in the market) and support / resistance (through long term trend lines) and hence do not need any other indicators. (There are too many of them.!).
Just for info: I am using EoD charts with PARSAR, DMI crossover and ema 3/15 crossover. I trade stocks where ADX is > 20 (to avoid whipsaw). Usually I take the trade when all three signals are in agreement, sometimes at least two to be in agreement.
Happy Trading ...
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #236 Posted: Sat Jun 15, 2013 11:48 pm Post subject: |
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| Gemini wrote: | Hello Rajmohan,
Thanks. In my opinion, your studies related to pure price movement ( with related volume in the market) and support / resistance (through long term trend lines) and hence do not need any other indicators. (There are too many of them.!).
Just for info: I am using EoD charts with PARSAR, DMI crossover and ema 3/15 crossover. I trade stocks where ADX is > 20 (to avoid whipsaw). Usually I take the trade when all three signals are in agreement, sometimes at least two to be in agreement.
Happy Trading ... |
Gemini,
Thanks for your input.
If you come to know that any indicator that can improve this system please suggest.
Thanks and Regards
Rajmohan
Last edited by rajmohanmbamhr on Sat Jun 15, 2013 11:55 pm; edited 1 time in total |
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #237 Posted: Sat Jun 15, 2013 11:52 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| rajmohanmbamhr wrote: | | biznet wrote: | | rajmohanmbamhr wrote: | | biznet wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input. |
Hindpetro below 275
biznet |
For the chart closing below 275 is sl with buying above last week high and the initial target of 308 and 340
Buying not triggered now sell upto 275 SL last week high |
Hindpetro 265
booked partially
THANKS for your posting
BIZNET |
Hi Biznet,
Happy to hear this |
Thanks to Vinay28 for your contribution
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sureenderkalra
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Joined: 11 Dec 2012
Posts: 174
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| Post: #238 Posted: Sun Jun 16, 2013 12:59 pm Post subject: your views on rcom chart |
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Hi Rajmohanmbamhr
You posted a chart of rcom with utl on 10 jun. now i am posting the same chart with LTL. Rcom tried to break LTL but could not hold above the LTL. Please comment on it how to trade.
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #239 Posted: Sun Jun 16, 2013 2:11 pm Post subject: Re: your views on rcom chart |
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| sureenderkalra wrote: | Hi Rajmohanmbamhr
You posted a chart of rcom with utl on 10 jun. now i am posting the same chart with LTL. Rcom tried to break LTL but could not hold above the LTL. Please comment on it how to trade. |
I hope the chart you posted is Futures Chart and TF 1 Hour.Usually the Futures price will dance as per the spot price. My personal opinion is we have to observe the spot chart to take position in Futures.
I have attached the spot chart below TF 60 Mins.
The lines marked as 1, 2 and 3. And the price is stared to make higher lows. so the price again will start to move upward after touching line 1 or 2. Put time frame in 15 mins and wait for the formation of any buying candle around line 1 or 2 (probability is high around line 2) and buy above the high of that candle(SL moving below the low of the same candle).IF the price closes below 104.8 in 15 mins TF or no buying candle avoid trading this.
And the long can be initiated if the price move above line 3 and the SL can be again 15 or 30 mins candle low depends upon the risk ready to take.
Regards
Rajmohan V
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sureenderkalra
White Belt
Joined: 11 Dec 2012
Posts: 174
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| Post: #240 Posted: Sun Jun 16, 2013 2:26 pm Post subject: Re: your views on rcom chart |
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Yes, You are right that I have posted future chart with TF 1 hr.
Thanks for sharing your valuable views on it.
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| rajmohanmbamhr wrote: | | sureenderkalra wrote: | Hi Rajmohanmbamhr
You posted a chart of rcom with utl on 10 jun. now i am posting the same chart with LTL. Rcom tried to break LTL but could not hold above the LTL. Please comment on it how to trade. |
I hope the chart you posted is Futures Chart and TF 1 Hour.Usually the Futures price will dance as per the spot price. My personal opinion is we have to observe the spot chart to take position in Futures.
I have attached the spot chart below TF 60 Mins.
The lines marked as 1, 2 and 3. And the price is stared to make higher lows. so the price again will start to move upward after touching line 1 or 2. Put time frame in 15 mins and wait for the formation of any buying candle around line 1 or 2 (probability is high around line 2) and buy above the high of that candle(SL moving below the low of the same candle).IF the price closes below 104.8 in 15 mins TF or no buying candle avoid trading this.
And the long can be initiated if the price move above line 3 and the SL can be again 15 or 30 mins candle low depends upon the risk ready to take.
Regards
Rajmohan V |
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