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NVK SET UP |
raghavacc
White Belt
Joined: 29 Aug 2009
Posts: 3
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Post: #406  Posted: Mon Apr 05, 2010 6:07 pm Post subject: |
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| saikat wrote: | Hello,
Today NVK worked very beautifully - the set up was quite good looking.
As I was not in SB that time - I couldn't shout 
But I hope it was too easy to notice and trade.
As I was already swing short since yesterday in April @ 5307
so I took intra long in May and as I was to go out for some time I had kept
a limit Sqr off order 5 points below morning high - which got hit after just 7 candles - thanks to 20 odd points premium in May that time 
That's why though on NS chart the high it made after trade entry doesn't look like anywhere near morning high - but the MAY future almost reached morning high.
Cheers !!!!!!!
Saikat |
Hello Saikat,
A novice type of question. Hope you wont mind.
The chart you have been attaching like one above are crystal clear.But in Finance.yahoo.com when I open interactive charts display of charts is somewhat differnt? Can you pls guide me how to customise the settings to make it appear like the one above?
Regards
Raghav
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #407 Posted: Mon Apr 05, 2010 10:42 pm Post subject: |
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RV,
Could dhampur have been traded as shown with yellow line? Is it a weaker +ve divergence?
regards
vin
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rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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| Post: #408 Posted: Mon Apr 05, 2010 11:12 pm Post subject: Dhampur Sugars |
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| vinst wrote: | RV,
Could dhampur have been traded as shown with yellow line? Is it a weaker +ve divergence?
regards
vin |
Yes.. But Sugars have been giving false signals in past... also the chart attached is incomplete as the adjusted close is actually below the TL.
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #410 Posted: Tue Apr 06, 2010 10:30 am Post subject: |
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SL Triggered... 
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #411 Posted: Tue Apr 06, 2010 1:48 pm Post subject: HPCL NVK in daily |
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Does it look like an NVK . Hind Petro Daily charts
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #412 Posted: Tue Apr 06, 2010 7:30 pm Post subject: |
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Hi,
Ravi & Kanna you both are trying to predict the NVK setup formation.
No trade can be taken on assumptions.
Wait for the confirmation to initiate the trade.
Confirmation could be the next green candle after a double bottom, or a hammer formation with long tail, or it could be a buy signal given by STS as I use.
SHEKHAR
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rhtbaweja
White Belt
Joined: 19 Jan 2010
Posts: 30
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| Post: #413 Posted: Tue Apr 06, 2010 8:02 pm Post subject: |
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| i m newone ,please tell me what is the nvk setup formation
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #414 Posted: Tue Apr 06, 2010 9:42 pm Post subject: |
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rhtbaweja,
please go trough first few pages of this thread. NVK setup will be clear, more or less.
regards
vin
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #415 Posted: Tue Apr 06, 2010 11:06 pm Post subject: |
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Shekar
In today's trade, the confirmation was got after the 1st candle which was a RED hanging man. So there was nothing wrong in initiating this trade ain't it?
Regards
Ravi
| shekharinvest wrote: | Hi,
Ravi & Kanna you both are trying to predict the NVK setup formation.
No trade can be taken on assumptions.
Wait for the confirmation to initiate the trade.
Confirmation could be the next green candle after a double bottom, or a hammer formation with long tail, or it could be a buy signal given by STS as I use.
SHEKHAR |
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #418 Posted: Thu Apr 08, 2010 10:19 pm Post subject: |
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Hello all,
My EOD NF view.
No NVK here - but thought to post here in this thread only so that I can easily monitor and discuss.
5479 is 78.6% of the big fall.
And 1-2% error in that big FIBO range is quite normal
5398 is within 2% of 5479. So a big correction may come.
Lets see......
Hold onto shorts and watch
Cheers !!!
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #419 Posted: Sat Apr 10, 2010 4:38 am Post subject: |
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pl confirm nvk setup in ashok leyland
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #420 Posted: Sat Apr 10, 2010 10:11 am Post subject: |
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hI
This is not an NVK in Ashok Leyland... For NVK there should have been a double top or double bottom that should have been formed. Morover for double top the RSI should be decreasing and not increasing. Also the RSI shoiuld be in the overbought/oversold zone to give good results.
Hope this is clear..
Regards
Ravi [/img]
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