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NVK SET UP |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
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Post: #1816  Posted: Wed Dec 14, 2016 11:41 am Post subject: ADANIPORTS...15tf |
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ADANIPORTS...15tf
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
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| Post: #1817 Posted: Thu Dec 15, 2016 9:22 am Post subject: Re: ADANIPORTS...15tf |
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| sumesh_sol wrote: | ADANIPORTS...15tf
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SL hit..
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1818 Posted: Thu Dec 15, 2016 11:05 am Post subject: |
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Hi Sumesh,
Nice initiative to keep old thread alive.
Can you pl confirm the entry point in this setup
- is it cross of minor high (in case of bullish set up) (like in concor, heromoto chart)
- or is it first bullish candle stick or candle pattern? (as u marked in Yes Bank chart)
Also, pl guide abt Targets- how to calculate?
Regards,
Smart
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1819 Posted: Thu Dec 15, 2016 11:31 am Post subject: |
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| smartcancerian wrote: | Hi Somesh,
Nice initiative to keep old thread alive.
Can you pl confirm the entry point in this setup
- is it cross of minor high (in case of bullish set up) (like in concor, heromoto chart)
- or is it first bullish candle stick or candle pattern? (as u marked in Yes Bank chart)
Also, pl guide abt Targets- how to calculate?
Regards,
Smart |
I'm still evolving as a NVK trader , especially in entry point. Earlier I was considering minor high/low, but as it is a reversal pattern which may again turn against you after some move, waiting for minor pivot may be late entry.
Then I thought of first bullish kind of candle, but many times it hits SL also, especially if broader market is against our trade.
So, at present I'm toying with 5/10/20 ema crossover combination to enter my trade.. so far so good.. Just refer to attached chart of Infy (3 tf) which I just made..For target after booking 50% at 1:1, I book on first major hurdle (with TSL at cost to avoid any further loss).
Still, long way to go.. 
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1820 Posted: Thu Dec 15, 2016 12:50 pm Post subject: |
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BPCL...5tf
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I went long @ 617.7 (on 5/10/20 crossover) .. let's see
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1821 Posted: Thu Dec 15, 2016 3:35 pm Post subject: Re: Wonderla |
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| chetan83 wrote: |
Wonderla at days high at 339.5 0 >>> market in RED |
It's 354 today.. Likely to go further .. 
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1822 Posted: Thu Dec 15, 2016 3:59 pm Post subject: |
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| Thanx for the prompt reply. I presume, this set up is for intra day play.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #1823 Posted: Thu Dec 15, 2016 5:00 pm Post subject: Re: Wonderla |
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| sumesh_sol wrote: | | chetan83 wrote: |
Wonderla at days high at 339.5 0 >>> market in RED |
It's 354 today.. Likely to go further .. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1824 Posted: Thu Dec 15, 2016 5:07 pm Post subject: |
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| smartcancerian wrote: | | Thanx for the prompt reply. I presume, this set up is for intra day play. |
Normally trades on 3/5/10 minutes time frames yield desired results in intraday. I prefer to close trades done on 3/5 minute time frames irrespective of my position. This is due to relatively big trade size on smaller time frame and even a small Gapup / down can put you in big loss.
However, NVK trades can be on any time frame. One can vary his trade size based on SL required for different time frames.
regards,
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1825 Posted: Thu Dec 15, 2016 5:13 pm Post subject: |
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| sumesh_sol wrote: | | smartcancerian wrote: | | Thanx for the prompt reply. I presume, this set up is for intra day play. |
Normally trades on 3/5/10 minutes time frames yield desired results in intraday. I prefer to close trades done on 3/5 minute time frames irrespective of my position. This is due to relatively big trade size on smaller time frame and even a small Gapup / down can put you in big loss.
However, NVK trades can be on any time frame. One can vary his trade size based on SL required for different time frames.
NOTE : I have made a personal rule about deciding time frames. For me, max. nos. of candles in setup are between 8 and 12. This I have arrived at after doing several nos. of test trades with smallest trade size to understand its efficacy. Anything less or more, I change time frame and if give divergence in this time frame then that's the valid time frame.
regards, |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1826 Posted: Fri Dec 16, 2016 12:21 pm Post subject: ITC...5tf |
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ITC...5tf
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Half entry on 5/10 crossover
remaining half on 5/10/20 crossover..
Let's try it out..
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1827 Posted: Fri Dec 16, 2016 3:23 pm Post subject: |
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Sumesh ji,
Kindly See ICICI Bank Chart
In 15tf- candles in between are less
In 5tf- these are more
In 10 tf, that seems ok.(though divergence is clear in all these tfs)..
.so in this case, i shall follow 10tf chart?
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1828 Posted: Fri Dec 16, 2016 5:38 pm Post subject: |
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| smartcancerian wrote: | Sumesh ji,
Kindly See ICICI Bank Chart
In 15tf- candles in between are less
In 5tf- these are more
In 10 tf, that seems ok.(though divergence is clear in all these tfs)..
.so in this case, i shall follow 10tf chart? |
Hi Smart,
As far as candles are concerned , yes, I'm more comfortable with 10tf here (8 candles).
But (+)divergence requires either equal bottoms or second leg closing below first leg with RSI not coming down in second leg. Here, if you see in attached bar chart it shows divergence, but if you see line chart (which is plotted on closing basis) divergence cannot be confirmed as second leg closing is high as compared to first one.
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1829 Posted: Fri Dec 16, 2016 6:37 pm Post subject: |
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Thanx for the input Sumesh ji
Regards,
Smart
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #1830 Posted: Fri Dec 16, 2016 8:26 pm Post subject: Re: ITC...5tf |
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| sumesh_sol wrote: | ITC...5tf
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Half entry on 5/10 crossover
remaining half on 5/10/20 crossover..
Let's try it out.. |
What are the targets, Sumesh?
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