iCharts Discussions

SwingTrader · Posted: Wed Sep 07, 2011 9:57 am Post subject:

Regular long triggered on close of 9:50 bar. This is a tricky trade as market has not moved much since market open, anyway....it is a valid long trigger. ISL will be 2 pts below 9:25 bar swing slow of 5081.35.

SwingTrader · Posted: Wed Sep 07, 2011 10:00 am Post subject:

SL hit for the long trade. Get set for reversal short....on the other hand we could again get a regular long trade too....tricky due to the small range since market open.

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

ISL triggered?

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

ST Sir,
In HTF STS is in overbought zone and also it is about to give a WMA, SMA crossover in LTF. So after the crossover in LTF a short trade has to be begin.
correct me if i m wrong.

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

SwingTrader · Posted: Wed Sep 07, 2011 10:10 am Post subject:

SwingTrader · Posted: Wed Sep 07, 2011 10:12 am Post subject:

Regular long triggered again on close of 10:10 bar. ISL is 2 pts below 10:00 bar swing low (5078.30).

SwingTrader · Posted: Wed Sep 07, 2011 10:14 am Post subject:

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

Thanks for the values dear

SwingTrader · Posted: Wed Sep 07, 2011 10:18 am Post subject:

I have to leave for a meeting at 10:45. JJM or nsk1371, if possible, please post updates for benefit of others. I will continue once I am back....no idea what time I will be back though...

Good luck!!!

SwingTrader · Posted: Wed Sep 07, 2011 10:27 am Post subject:

Even though I will avoid posting iCharts levels ideas here (to avoid confusion) it is a very good idea to know where important levels are especially where one can expect sup/res when a trade is going on. For the current ongoing long trade one can tighten stops when important levels are hit.....any levels will do iCharts levels / cam / pivot points etc one just needs to be consistent in using those.

At these levels one can tighten stops or take profits (if profits are significant). Aggressively protect significant profits.

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

Dear ST,

Thanks will keep it running

Regards
JJM

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

if if anybody holds long revise sl 2 points blw 10.40 low (5081).. now v need a close blw 5081 to go reversal short ( as close blw this wud b blw both moving averages)

satishboda · White Belt Joined: 15 Dec 2010 Posts: 54

dear experts... on ltf, a candle closed below both moving averages... is that a signal to go short ??

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