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miracle of bollinger bands |
dharmeshtr White Belt
Joined: 10 Feb 2011 Posts: 205
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Post: #136 Posted: Wed Jun 27, 2012 3:57 am Post subject: Miracle of BB |
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Quote: | Hi All,
In Reliance Capital Future too almost 2 rows for the columns d,e,f,g are identical. Same thing for Nifty future is noticed. Break out would be possible today.
Dharmesh |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #137 Posted: Wed Jun 27, 2012 9:59 am Post subject: hi |
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yeah in nifty fut u guys spotted the perfect set up now watch how these values react and trade accordingly.
for long wait prices to retress back where the stop loss is reasonable.
regards.
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #138 Posted: Wed Jun 27, 2012 10:41 am Post subject: |
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Hi Chirag,
Your views regarding Muthoot finance and uflex with respect to contraction of bollinder band theory and then breaking out...
thanks in advance...
Rgds,
Andre
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #139 Posted: Wed Jun 27, 2012 10:44 am Post subject: |
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Andre wrote: | Hi Chirag,
Your views regarding Muthoot finance and uflex with respect to contraction of bollinder band theory and then breaking out...
thanks in advance...
Rgds,
Andre |
pls post yr query with excel sheet coz i dont track both the counters.
hope u understand.
Regards
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mpgramesh White Belt
Joined: 13 Dec 2011 Posts: 79
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Post: #140 Posted: Wed Jun 27, 2012 11:17 am Post subject: |
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chiragbvyas wrote: | Andre wrote: | Hi Chirag,
Your views regarding Muthoot finance and uflex with respect to contraction of bollinder band theory and then breaking out...
thanks in advance...
Rgds,
Andre |
pls post yr query with excel sheet coz i dont track both the counters.
hope u understand.
Regards |
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muthootfin.xls |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #141 Posted: Wed Jun 27, 2012 11:42 am Post subject: |
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mpgramesh wrote: | chiragbvyas wrote: | Andre wrote: | Hi Chirag,
Your views regarding Muthoot finance and uflex with respect to contraction of bollinder band theory and then breaking out...
thanks in advance...
Rgds,
Andre |
pls post yr query with excel sheet coz i dont track both the counters.
hope u understand.
Regards |
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clearly given break out on row no. 246 247. long with 120 closing base stop loss.
within 5 days it is 149 from 121
but u should take position on row no.248 very next day with the stop of previous day low as closing base.
every evening one who is following this system should do their home work to find out the break outs and watch next day morning to take positions.
regards.
Chirag...
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Andre White Belt
Joined: 06 Jun 2012 Posts: 220
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Post: #142 Posted: Wed Jun 27, 2012 11:58 am Post subject: |
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Hi Chirag,
Uflex excel sheet.
Rgds,
Andre
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Uflex.xls |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #143 Posted: Wed Jun 27, 2012 12:07 pm Post subject: |
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Andre wrote: | Hi Chirag,
Uflex excel sheet.
Rgds,
Andre |
Break out at row no. 245 246 long with closing base stop of 101.60
practice more and maintain a excel sheet of stocks of yr interest and trade with strict stop loss after break out.
in this system gain is without pain.
Regards,
Chirag B.Vyas
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #144 Posted: Wed Jun 27, 2012 10:00 pm Post subject: |
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Hi Chirag, I found some observation in your theory. Nothing related to BB's and about the method you mentioned but yet impressive ( its about one value of DEFG). If you will allow then i'll discuss that in the thread.... i may be completely wrong or observation may be useless or not productive, in that case plz consider i am a non techie person and just a learner... and as this is your strategy you may have better understainding of the observation i made and will guide accordingly in better way....RGDS
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #145 Posted: Wed Jun 27, 2012 10:30 pm Post subject: hi |
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Dear Rohit,
you are most wel come with yr views and understandings.
no set up is fullproof but if we can come to know this evening that tomorrow either side break out is there through this system then it's better than the best.
pls post yr views as fast as possible
Regards,
Chirag
N B : this thread is not of my alone. i am a student and still in learning phase. everyone who feel whatever about this method can freely post his/her views, no need to take permission. those who post in this thread, it is his thread.
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #146 Posted: Thu Jun 28, 2012 3:28 am Post subject: |
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K Thks chirag for the wonderful words... Let me tell you what i observe...after making the excel i just go through the price action of DEFG (last 100 days ) to find out the exact entry/exit and the role of high/low band. But to my surprise i found the values of E are very important. whenever a share or NS close above/below E value the trend changes. For example, say a share X whose eod E value is 100, if the next day closing of the share is below 100 then the share turns -ve and is a sell on rise type share unless close abv E. Even in some cases the E valus act as big support and resistance for the share. I tracked some 8 9 shares since last 4/5 days like ICICI, SBIN, HDIL, TISCO, IGL, COAL, DLF, RELIANCE, LT etc and found some amazing results. I still on testing side if any guidelines i am more than happy to learn and follow....
Still dont know how accurate or imp is this..but i found it simple and impressive ( non-techies only go for the simplest and easiest way, atleast i categorized myself into that)
Correct me wherever i am wrong and ignore if had said something stupid
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dharmeshtr White Belt
Joined: 10 Feb 2011 Posts: 205
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Post: #147 Posted: Thu Jun 28, 2012 8:33 am Post subject: |
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rohit44 wrote: | K Thks chirag for the wonderful words... Let me tell you what i observe...after making the excel i just go through the price action of DEFG (last 100 days ) to find out the exact entry/exit and the role of high/low band. But to my surprise i found the values of E are very important. whenever a share or NS close above/below E value the trend changes. For example, say a share X whose eod E value is 100, if the next day closing of the share is below 100 then the share turns -ve and is a sell on rise type share unless close abv E. Even in some cases the E valus act as big support and resistance for the share. I tracked some 8 9 shares since last 4/5 days like ICICI, SBIN, HDIL, TISCO, IGL, COAL, DLF, RELIANCE, LT etc and found some amazing results. I still on testing side if any guidelines i am more than happy to learn and follow....
Still dont know how accurate or imp is this..but i found it simple and impressive ( non-techies only go for the simplest and easiest way, atleast i categorized myself into that)
Correct me wherever i am wrong and ignore if had said something stupid |
Quote: | Hi Rohit,
The value of E is nothing but 10 SMA, and that can also be Support / Resistance for Stocks and index. On the basis of only E you can not take the trade (entry / exit). And suppose if closing is far greater than E then the risk / reward ratio is not justified. What happen if your E value is taken out next day, if you are entering the trade on Close > E. You will have a big loss.
Chirag,
Can you pls explain at what point we need to enter? From the posts I can just make out that whenever g value is lowest. Next day you can enter either Long, if previous day High is broken or enter Short if previous day Low is broken remains above / below High / Low respectively.
Rgds,
Dharmesh |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #148 Posted: Thu Jun 28, 2012 9:24 am Post subject: |
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dharmeshtr wrote: | rohit44 wrote: | K Thks chirag for the wonderful words... Let me tell you what i observe...after making the excel i just go through the price action of DEFG (last 100 days ) to find out the exact entry/exit and the role of high/low band. But to my surprise i found the values of E are very important. whenever a share or NS close above/below E value the trend changes. For example, say a share X whose eod E value is 100, if the next day closing of the share is below 100 then the share turns -ve and is a sell on rise type share unless close abv E. Even in some cases the E valus act as big support and resistance for the share. I tracked some 8 9 shares since last 4/5 days like ICICI, SBIN, HDIL, TISCO, IGL, COAL, DLF, RELIANCE, LT etc and found some amazing results. I still on testing side if any guidelines i am more than happy to learn and follow....
Still dont know how accurate or imp is this..but i found it simple and impressive ( non-techies only go for the simplest and easiest way, atleast i categorized myself into that)
Correct me wherever i am wrong and ignore if had said something stupid |
Quote: | Hi Rohit,
The value of E is nothing but 10 SMA, and that can also be Support / Resistance for Stocks and index. On the basis of only E you can not take the trade (entry / exit). And suppose if closing is far greater than E then the risk / reward ratio is not justified. What happen if your E value is taken out next day, if you are entering the trade on Close > E. You will have a big loss.
Chirag,
Can you pls explain at what point we need to enter? From the posts I can just make out that whenever g value is lowest. Next day you can enter either Long, if previous day High is broken or enter Short if previous day Low is broken remains above / below High / Low respectively.
Rgds,
Dharmesh |
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Dear Friends,
We are not here to follow the sma's. we use bands and to derive band's value we need a sma.
rohit in place of "E" u should concentrate on 'D' which generates more meaningful levels and stoploss are also nearby.
rohit, each and every column has it's own importance. watch one by one u will understand what i mean to say.
stay tuned. do more and more practice.
chirag
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mpgramesh White Belt
Joined: 13 Dec 2011 Posts: 79
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Post: #149 Posted: Fri Jul 13, 2012 10:43 am Post subject: |
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cairn bot at 315.10 (today open low also same 314.00)
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