|
|
| View previous topic :: View next topic |
| Author |
Nifty View |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
Post: #3976  Posted: Thu Jul 19, 2012 2:48 pm Post subject: |
 |
|
| psalm wrote: | | apka wrote: | my trgt done of 5250 spot, resistence zone 5255-5260. Hence exited.
Now eat popcorn and watch. |
Now the market has support around 5220-52333 range....I feel Apka.....also, I have a feeling that we're in a similar situation as we were on 20th April 2011...So, there is chance of the market going up by another 80 or 100 points from here. But again, this could be a trap......For the short traders who wants to go LONG, there are some 80 or 100 points to be taken, I feel...anyway, let's see.. |
The market is finding some sort of support around 5233....I see the support 5233-5220 to hold at least for the day.....but as per my opinion, major trend is still bearish.....So, i dont think too much about any small upmoves or 50 or 60 points.....yes, these moves can be used for intra-day trading to go LONG....but for positional traders, I still believe the best trade is on the downside....so still holding my SHORTs...anyway, let's see....  |
|
| Back to top |
|
 |
|
| |
rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
|
| Post: #3977 Posted: Thu Jul 19, 2012 3:12 pm Post subject: |
|
|
maruti 1100pe just 5520% up  |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3978 Posted: Thu Jul 19, 2012 3:13 pm Post subject: |
|
|
| rohit44 wrote: | | maruti 1100pe just 5520% up |
|
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #3979 Posted: Thu Jul 19, 2012 3:26 pm Post subject: |
|
|
What is that something that the market is waiting for it to give some movement?
Whole day in this small trading range is so frustrating after so much analysis and head banging.
Did anyone make money out of maruti today?
 |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3980 Posted: Thu Jul 19, 2012 3:27 pm Post subject: An experiment |
|
|
Hi,
One of my friends have suggested a trade set up to me a few weeks back. My friend had attended a training program by a noted Technical Analyst Mr Sandeep Wagle. He is a familiar face as he appears on ET NOW channel frequently. Mr Wagle had explained in that program, a method for positional trades. It has a simple setup. But the problem with this method is that "THIS METHOD DOESN'T USE A STOPLOSS". So, its risky, I feel. But as per my friend, Mr Wagle was pretty confident about his method and told him that he has good success ratio with this method. Anyway, I'll explain the Set up. The set up includes 3 Exponential moving averages. The EMAs used are 13, 21 and 34. For initiating the trade, the moving averages should be ALMOST at equal distances from each other. Above that, the order should be the same.
For a SHORT trade => EMA21 should be below EMA13 and EMA34 should be below EMA21
For a LONG trade => EMA21 should be above EMA13 and EMA34 should be above EMA21
LONG Trade:
A LONG will be initiated when the stock CLOSES above the EMA13. As explained earlier, there wont be any stops. After sometime, when the EMA13 breaks above EMA21, another LONG will be added. Also, another LONG will be added when EMA13 breaks above EMA34. The profit is taken when EMA21 tests EMA34.
SHORT Trade:
A SHORT trade will be initiated when the stock or index CLOSES below the EMA13. There wont be a stoploss. Another Short position will be added when EMA13 breaks below EMA21. One more position will be added when EMA13 breaks below EMA34. At the end, the profit is taken when EMA21 tests EMA 34 on the downside.
Why I'm explaining this method now is that there is chance of testing this method in Nifty now. As per this method, a short trade has happened in the Nifty already when it closed below the 13-day EMA. Above all the EMA13, EMA 21 and EMA34 are in order and almost at equal distances to each other. So, if interested one can watch how this system works. I'm not asking anyone to try this, but just keep watching NIFTY if this set up works or not.
NOTE: If this is a well known method and that if someone knows this method already and applying it, please come forward and give their opinion regarding this. I'm not familiar with this. But just posting this as this method can be applied to the current scenario.
Regards,
SAM |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3981 Posted: Thu Jul 19, 2012 3:29 pm Post subject: |
|
|
| taxmann50 wrote: | What is that something that the market is waiting for it to give some movement?
Whole day in this small trading range is so frustrating after so much analysis and head banging.
Did anyone make money out of maruti today?
|
I had a short position in Maruti a few weeks back when it came closer to 1250.....I booked my profit some days back itself...so no position in that counter...  |
|
| Back to top |
|
|
rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
|
| Post: #3982 Posted: Thu Jul 19, 2012 3:40 pm Post subject: |
|
|
| psalm wrote: | | taxmann50 wrote: | What is that something that the market is waiting for it to give some movement?
Whole day in this small trading range is so frustrating after so much analysis and head banging.
Did anyone make money out of maruti today?
|
I had a short position in Maruti a few weeks back when it came closer to 1250.....I booked my profit some days back itself...so no position in that counter... |
i made  ..maruti atp was 1143 and once retrace to 1142 it resist there..taken position but exited early...i was expecting 1108 still dont believe myself  ...but i feel the news is so -ve that it can drag maruti to much lower.... |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #3983 Posted: Thu Jul 19, 2012 3:41 pm Post subject: |
|
|
sam, on tf? also, pl post a chart where you said short has occured.
By the way, sandeep has been stopped out many times in the past and hence if there is no SL how does he know when to get out? |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #3984 Posted: Thu Jul 19, 2012 3:41 pm Post subject: |
|
|
| psalm wrote: | | psalm wrote: | | apka wrote: | my trgt done of 5250 spot, resistence zone 5255-5260. Hence exited.
Now eat popcorn and watch. |
Now the market has support around 5220-52333 range....I feel Apka.....also, I have a feeling that we're in a similar situation as we were on 20th April 2011...So, there is chance of the market going up by another 80 or 100 points from here. But again, this could be a trap......For the short traders who wants to go LONG, there are some 80 or 100 points to be taken, I feel...anyway, let's see.. |
The market is finding some sort of support around 5233....I see the support 5233-5220 to hold at least for the day.....but as per my opinion, major trend is still bearish.....So, i dont think too much about any small upmoves or 50 or 60 points.....yes, these moves can be used for intra-day trading to go LONG....but for positional traders, I still believe the best trade is on the downside....so still holding my SHORTs...anyway, let's see.... |
i think u will get 5190-5200 spot tomm. but i have to admit, bank nifty looks vulnerable, if that breaks down, where nifty would go i dunno. |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3985 Posted: Thu Jul 19, 2012 3:43 pm Post subject: |
|
|
| vinay28 wrote: | sam, on tf? also, pl post a chart where you said short has occured.
By the way, sandeep has been stopped out many times in the past and hence if there is no SL how does he know when to get out? |
Vinay, I have no idea how one can trade without stops...I wont trade without a stop.....thats y i said just to watch not to trade....by the way, I'll post the chart later today... |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #3986 Posted: Thu Jul 19, 2012 3:44 pm Post subject: |
|
|
Sam, this EMA combination I have not heard about.
I follow 10 on 20, 5 on 20 and 20 on 50 nrmlly. 10 on 20 is most widely known and used i think. If you check daily charts of nifty with 10ema and 20ema, you will see most times they dont give a false crossover, so i like that one.
I will check the new combination given you
Last edited by apka on Thu Jul 19, 2012 3:45 pm; edited 1 time in total |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3987 Posted: Thu Jul 19, 2012 3:45 pm Post subject: |
|
|
| rohit44 wrote: | | psalm wrote: | | taxmann50 wrote: | What is that something that the market is waiting for it to give some movement?
Whole day in this small trading range is so frustrating after so much analysis and head banging.
Did anyone make money out of maruti today?
|
I had a short position in Maruti a few weeks back when it came closer to 1250.....I booked my profit some days back itself...so no position in that counter... |
i made ..maruti atp was 1143 and once retrace to 1142 it resist there..taken position but exited early...i was expecting 1108 still dont believe myself ...but i feel the news is so -ve that it can drag maruti to much lower.... |
 ...cool |
|
| Back to top |
|
|
rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
|
| Post: #3988 Posted: Thu Jul 19, 2012 3:48 pm Post subject: |
|
|
| rohit44 wrote: | | psalm wrote: | | taxmann50 wrote: | What is that something that the market is waiting for it to give some movement?
Whole day in this small trading range is so frustrating after so much analysis and head banging.
Did anyone make money out of maruti today?
|
I had a short position in Maruti a few weeks back when it came closer to 1250.....I booked my profit some days back itself...so no position in that counter... |
i made ..maruti atp was 1143 and once retrace to 1142 it resist there..taken position but exited early...i was expecting 1108 still dont believe myself ...but i feel the news is so -ve that it can drag maruti to much lower.... |
My point of view about the news is Union and management can have different prospectives and demands... but when issue goes violent ( 50 injured and 1 dead ), not good for the company and stock..Just what i think i share...don't take otherwise.. |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3989 Posted: Thu Jul 19, 2012 3:49 pm Post subject: |
|
|
| apka wrote: | Sam, this EMA combination I have not heard about.
I follow 10 on 20, 5 on 20 and 20 on 50 nrmlly. 10 on 20 is most widely known and used i think. If you check daily charts of nifty with 10ema and 20ema, you will see most times they dont give a false crossover, so i like that one.
I will check the new combination given you |
My friend had told me about this method earlier, Apka....but yesterday, he called me and asked me if I had noticed the chance of a trade....then I checked chart and found that " as per this method as SELL has been triggered" on 12th July....when the market closed below the 13-day EMA...anyway, i'm just watching...but I have posted it here as there is a chance to check this set up. At the same time, I just wanted to check if this is a well known method.... |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #3990 Posted: Thu Jul 19, 2012 3:52 pm Post subject: |
|
|
| apka wrote: | | psalm wrote: | | psalm wrote: | | apka wrote: | my trgt done of 5250 spot, resistence zone 5255-5260. Hence exited.
Now eat popcorn and watch. |
Now the market has support around 5220-52333 range....I feel Apka.....also, I have a feeling that we're in a similar situation as we were on 20th April 2011...So, there is chance of the market going up by another 80 or 100 points from here. But again, this could be a trap......For the short traders who wants to go LONG, there are some 80 or 100 points to be taken, I feel...anyway, let's see.. |
The market is finding some sort of support around 5233....I see the support 5233-5220 to hold at least for the day.....but as per my opinion, major trend is still bearish.....So, i dont think too much about any small upmoves or 50 or 60 points.....yes, these moves can be used for intra-day trading to go LONG....but for positional traders, I still believe the best trade is on the downside....so still holding my SHORTs...anyway, let's see.... |
i think u will get 5190-5200 spot tomm. but i have to admit, bank nifty looks vulnerable, if that breaks down, where nifty would go i dunno. |
Even I felt the same... |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
