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Nifty View - August Series 2013 |
vvsp
White Belt
Joined: 10 Nov 2010
Posts: 62
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Post: #676  Posted: Tue Aug 27, 2013 7:53 pm Post subject: |
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| pkholla wrote: |
Standard Al Brooks trading funda: candles in 5TF, use 15 ema for checking strength of trend
Prakash Holla |
Prakash,
Which book by Al Brooks are you referring to?
I have the e-book "Reading price charts bar by bar". I have to admit that I didn't read all chapters of the book but understand that Al Brooks uses 20 EMA in 5 min TF. If you are referring the same book please have a look at "Preface - page xviii" and "Glossary - EMA".
Thanks. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #677 Posted: Tue Aug 27, 2013 8:08 pm Post subject: |
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| About 5245 is last support on monthly basis. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #678 Posted: Tue Aug 27, 2013 8:17 pm Post subject: |
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| vinay28 wrote: | | About 5245 is last support on monthly basis. |
do you consider monthly important? There are hardly any few sticks to consider them. I find weekly has more importance even if monthly is breached... Just for knowledge purpose asking, does everyone feel about monthly the same way?
FII -1373.99cr
DII +480.5cr
So, who absorbs the deficit? It can't be all Retailers.
High fut volumes today, almost as high as it was when nifty fell -250 last to last friday.
That time Fut volumes were 26 million, today more than 24 million. So still quiet high. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #679 Posted: Tue Aug 27, 2013 8:24 pm Post subject: |
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| you have to consider higher TF for longer term view. you seem to have forgotten my "nifty outlook for 2013". Pl revisit. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #680 Posted: Tue Aug 27, 2013 8:39 pm Post subject: |
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| Quote: | RBI calls for govt to dilute ownership in state banks
The government should consider diluting its ownership in state-owned banks to reduce the country's financial burden and push for consolidation, while boosting the number of private lenders, the Reserve Bank of India said in a discussion paper on Tuesday.
"As a prudent economic decision, there is a case for government to reduce its ownership stake in the PSBs," the RBI said in the paper, referring to public sector banks.
"There is a need to boost the presence of private banks, while consolidating the existing public banking system," the RBI also wrote.
The central bank estimated the government would have to inject a combined 900 billion rupees over a period of five years to allow state-run lenders to comply with Basel III capital requirements.
"Clearly, providing equity capital of this size in the face of fiscal constraints poses significant challenges," the RBI said. |
| Quote: | PM asks oil minister to slash imports by $25 bln in 2013/14
Oil minister Veerappa Moily said on Tuesday that the prime minister has asked him to save $25 billion on oil imports in the current fiscal year, to help the country narrow its current account deficit (CAD).
"Oil is one of the components which is responsible for CAD," Moily said.
India's oil import bill rose 9.2 percent to $169.25 billion in the 2012/13 fiscal year that ended in March.
"I have already made attempts for $22 billion, and I will make attempts for another $3 billion," Moily told reporters, but did not elaborate.
Moily also said India does not plan to allow oil marketing companies to raise diesel prices by more than the approved 0.50 rupees per litre a month. |
The keyword is 'attempts'. No clarification is there on whether they were able to achieve or not from earlier attempts. But I sense not, else they would be boasting about it. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #681 Posted: Tue Aug 27, 2013 8:54 pm Post subject: |
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| now to see whether US attacks Syria by thursday |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #682 Posted: Tue Aug 27, 2013 8:59 pm Post subject: |
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| vinay28 wrote: | | now to see whether US attacks Syria by thursday |
Let the games begin.  |
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ritapandit25
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Joined: 04 May 2013
Posts: 2926
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| Post: #683 Posted: Tue Aug 27, 2013 9:16 pm Post subject: |
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| vinay28 wrote: | | About 5245 is last support on monthly basis. |
.
Vinay forget any support. Market 2morrow down down more down more more down& down close.  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #684 Posted: Tue Aug 27, 2013 9:52 pm Post subject: |
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SGX low before market close was 5,255.50.... now after market 5,244.00.... cmp 5,254.00.
SGX sept low before market close was 5,267.00.... now after market 5,251.00..... cmp 5,260.50
DAX 8,242.56 -192.59 -2.28%.... going for 8000 as per me. |
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apka
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Posts: 6137
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| Post: #685 Posted: Tue Aug 27, 2013 9:57 pm Post subject: |
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so it seems future touched 67.465... we are going for 67+ tomorrow. come on.  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #686 Posted: Tue Aug 27, 2013 10:13 pm Post subject: |
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| Quote: | | India's economic growth likely languished at a decade-low of around 4.6 percent in the April-June quarter, gross domestic product (GDP) data are expected to show on Friday, with the deepening slowdown sparing few sectors in Asia's number three economy. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #687 Posted: Tue Aug 27, 2013 10:32 pm Post subject: |
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| vvsp wrote: | | Prakash, Which book by Al Brooks are you referring to? I have the e-book "Reading price charts bar by bar". I have to admit that I didn't read all chapters of the book but understand that Al Brooks uses 20 EMA in 5 min TF. If you are referring the same book please have a look at "Preface - page xviii" and "Glossary - EMA". Thanks. |
1 Please read the entire book (same book you refer to), not just the index and glossary, thank you
2 Al does trade using 5 TF candles AND 20 ema
3 Al's book shows 20 ema charts
B U T ....
4 pdf p 128 book p102
[Also, there is often a tendency for the first pullback to the 15-minute EMA to be followed by a test of the trend extreme]
5 pdf p210 book p184
[This was a great buy setup. You don't have to check, but the first big pullback in a strong trend usually tests the 15-minute EMA (and this one was an almost exact test, but that information was not needed to place the trade).]
6 Al most of the time doesnt mention any number just says ema but I believe he uses 15 ema as a test of a strong trend.
7 Al is flexi about 5TF also. He does mention somewhere that we can trade in 3TF if we wish, BUT the trades come fast
Please agree to disagree. This is the last I am posting on Al Brooks. Everyone please use your interpretation of what he means and what he recos, by reading his book and acting on it.
Jai Hind, Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #688 Posted: Tue Aug 27, 2013 11:46 pm Post subject: |
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| apka wrote: | | pkholla...or hollapk, whichever is active right now... you were updating some levels not long back... what's the status with those? expectation of levels to come from hereon? |
iska jawab toh do  |
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vvsp
White Belt
Joined: 10 Nov 2010
Posts: 62
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| Post: #689 Posted: Wed Aug 28, 2013 6:16 am Post subject: |
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| pkholla wrote: | | vvsp wrote: | | Prakash, Which book by Al Brooks are you referring to? I have the e-book "Reading price charts bar by bar". I have to admit that I didn't read all chapters of the book but understand that Al Brooks uses 20 EMA in 5 min TF. If you are referring the same book please have a look at "Preface - page xviii" and "Glossary - EMA". Thanks. |
1 Please read the entire book (same book you refer to), not just the index and glossary, thank you
2 Al does trade using 5 TF candles AND 20 ema
3 Al's book shows 20 ema charts
B U T ....
4 pdf p 128 book p102
[Also, there is often a tendency for the first pullback to the 15-minute EMA to be followed by a test of the trend extreme]
5 pdf p210 book p184
[This was a great buy setup. You don't have to check, but the first big pullback in a strong trend usually tests the 15-minute EMA (and this one was an almost exact test, but that information was not needed to place the trade).]
6 Al most of the time doesnt mention any number just says ema but I believe he uses 15 ema as a test of a strong trend.
7 Al is flexi about 5TF also. He does mention somewhere that we can trade in 3TF if we wish, BUT the trades come fast
Please agree to disagree. This is the last I am posting on Al Brooks. Everyone please use your interpretation of what he means and what he recos, by reading his book and acting on it.
Jai Hind, Prakash Holla |
I never said that I read only the index and glossary. I only mentioned that I did not read all chapters.
I agree that everybody can have their own interpretation of what the author means.
But, 15-Minute EMA is not same as 15EMA.
15-Minute EMA is any EMA in 15 min. TF. In this book EMA is always of 20-period.
15EMA is 15-period EMA in any time frame.
From my side too,this is the last post on this subject. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #690 Posted: Wed Aug 28, 2013 9:11 am Post subject: |
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| after gap down when dust settles, one can try 5200ce for August. |
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