iCharts Discussions

adsingh101 · White Belt Joined: 09 Nov 2010 Posts: 242

Sl hit

SwingTrader · Posted: Mon Sep 05, 2011 11:49 am Post subject:

Reversal long negated as per rules and short automatically triggered. ISL for this short is a bit far, 2 pts above the prior swing high of 4986.80 (11:20 bar high).

jjm · White Belt Joined: 17 Mar 2010 Posts: 411

Dear STji,

Requested to create new thread for swing trades..there is possibility of confusion since both intra and swing uses 15 tf with diff wma/sma settings

Kindly suggested to ask followers to post query/suggestions in diff tread under MTM-Swing Trading

Regards,

JJM

nsk1371 · White Belt Joined: 01 Sep 2009 Posts: 226

in htf. v are in verge of a moving avg cross over... last time v went long even b4 our sl triggered ... that long got negated and v r in short now.. even now shd v wait for sl to trigger or enter based on long signal in htf.

SwingTrader · Posted: Mon Sep 05, 2011 12:26 pm Post subject:

SwingTrader · Posted: Mon Sep 05, 2011 12:28 pm Post subject: Re: st sir

SwingTrader · Posted: Mon Sep 05, 2011 12:58 pm Post subject:

nsk1371,

One suggestion....what you can do is, initially trade only regular trades and forget the reversal trades. This will remove all confusion from your mind. Once you are comfortable with regular trades then look into trading reversal trades. Reversal trades are riskier than regular trades but are most profitable when they work.

SwingTrader · Posted: Mon Sep 05, 2011 1:03 pm Post subject:

Short SL now 2 pts above 4981.60 (12:40 bar high).

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Thanks for posting the value, ST

SwingTrader · Posted: Mon Sep 05, 2011 1:30 pm Post subject:

Short SL hit....whipsaw day!!!

Regular long triggered based on signal trigger criteria #2. ISL is 2 pts below 13:15 low (4968.45). Conservative users can wait for regular long (criteria #1 - CCI pullback) but it might come a bit late.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

NF in bear-loc range. What do you expect now, ST? Is it a resistance or will it be above bull only?

SwingTrader · Posted: Mon Sep 05, 2011 2:07 pm Post subject:

SwingTrader · Posted: Mon Sep 05, 2011 2:11 pm Post subject:

I am done for the day, I will not be posting for the rest of the trading hrs as I have other work...will post chart in the evening.

Please post your queries, will answer later today.

Good luck!!!

nsk1371 · White Belt Joined: 01 Sep 2009 Posts: 226

v are about to get regular long now in this bar.. but already sts in htf is 80+.. is it advisable to take this long .. if so what wil b the sl as v do not hav any swing lows nearby.. the swing low nearby is only 12.55 low.. plz. post ur comments even after mkt.
tnx

SwingTrader · Posted: Mon Sep 05, 2011 2:22 pm Post subject: Re: regular long entry