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only one thing is enough for the market- veeru chennai boy |
chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #46 Posted: Mon Jun 20, 2011 11:26 pm Post subject: yes |
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vkmkc,
just open www.icharts.in , then login left hand side you will find home, services offered in that column there is Jcharts(eod) click on that, by default nifty chart will open, and one 30 days sma is selected simply change the value to 55 that is 55 days close sma. got it ? |
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Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #47 Posted: Mon Jun 20, 2011 11:34 pm Post subject: |
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Chirag Bhai thanks--
Stop losses are Intraday-- or Closing Basic--- as in HDFC it was 2301-- it went to 2276-- n closed above 2301-- that i want to know |
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nageswararao_v White Belt
Joined: 22 Jul 2010 Posts: 54
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Post: #48 Posted: Tue Jun 21, 2011 12:12 am Post subject: |
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Rahulsharmaat wrote: | Chirag Boss--thanks
I booked near day high 1741-- n re enter now at 1731-- now SL 1715-- even hits-- not much pain--else will hold it
all thanks to uuuuuuuuuuuuuu |
Hello Rahul/Chirag,
Please upload the chart, so that we will understand the sma 55 setup easily.
thanks in advance..
Nagesh |
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Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #49 Posted: Tue Jun 21, 2011 12:14 am Post subject: |
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just find out stocks breaking 55 SMA high-- or 55 SMA low-- and the decide trade--
Hero honda was long way back-- But it again touched 55 SMA low area-- which is 1715-- today it made low of 1517-- so i bought |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #50 Posted: Tue Jun 21, 2011 8:38 am Post subject: nagesh |
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nagesh, i dont know how to post chart along with details. i am not that much tech friendly. what i know in computers is related to my work only. |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #51 Posted: Tue Jun 21, 2011 11:21 am Post subject: sharma ji |
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sharma ji, honda double savaari. |
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Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #52 Posted: Tue Jun 21, 2011 11:22 am Post subject: |
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yes chirag bhai |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #53 Posted: Tue Jun 21, 2011 11:28 am Post subject: good |
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good, very good . keep it up. |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #54 Posted: Tue Jun 21, 2011 3:55 pm Post subject: keep tracking |
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keep searching strong and weak counters. |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #55 Posted: Wed Jun 22, 2011 8:32 am Post subject: good morning |
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good morning to all friends |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #56 Posted: Wed Jun 22, 2011 3:31 pm Post subject: hi |
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pls pls pls no one need to be thankful to me. just a request, stick to your plan. never trade without stop loss . keep searching strong and weak counters. update regularly. it will take time to get breake out and a valid entry in trade. when weak counter gives break out u will get nice bull run and strong counter gives u break out then you have nice joy riding down side.
make your fortune here in this same market where u have taken heavy loss in past. after 2 or 3 months of regular using this system u will realize yr mistakes made in past. this system will save u from heavy losses and save and increase yr profits if really u have got valid entry and not exited until yr stop loss has been taken. after valid entry ( both conditions fulfilled) STOP LOSS IS YOUR GOD. never close yr position on market price, exit only by STOP LOSS.
wish you all the best. |
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sambhaji_t White Belt
Joined: 31 Mar 2008 Posts: 135
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Post: #57 Posted: Sat Jun 25, 2011 9:44 pm Post subject: Re: hi |
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24.06.2011 ON EOD FOLLOWING STOCKS HAS CROSSED SMA55,HIGH
PANTALOONR
HINDPETRO
INDUSINDBK
CIPLA
NTPC
BAJAJ-AUTO
CAN WE BUY AT CLOSING ON MONDAY IF SMA55,CLOSE NOT CROSSED. |
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sambhaji_t White Belt
Joined: 31 Mar 2008 Posts: 135
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Post: #58 Posted: Sat Jun 25, 2011 9:54 pm Post subject: Re: hi |
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OBSERVE HEROHONDA ON HOURLY BASIS.
WHAT A GREAT RALLY. |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #59 Posted: Sun Jun 26, 2011 10:12 am Post subject: sambhaji |
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sambhaji,
in whichever counter you find valid entry you can trade as per our trading plan. |
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tanhadil1984 White Belt
Joined: 08 Jun 2011 Posts: 36
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Post: #60 Posted: Tue Jun 28, 2011 3:01 am Post subject: Re: well said |
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chiragbvyas wrote: | For all those people (count me too), who are using multiple strategies and make the chart complicated, then they got confused which one is more proper and which one is not. Just keep it simple and wait for the prices to trade as per your set up. if there is nothing suits your trading plan just sit calmly, because you know when there is chance to trade as per your plan you will make handsome profit. Do not run between one indicator to another to find which indicator shows what. I know a group of traders, one of them use only bollinger bands, one use only donchian channel, you will wonder knowing that they dont have any charting software they have create some formulas in excel sheet that shows same values as out put as that software does.
they just stick to there formula and they come to the trading room with a paper on which they used to mention prices for trading above what price they will buy and what could be their stop loss. they never trade without stoploss and until and unless their stop loss do not get triggred they dont square up . total opposite to short sell trade also. i have seen them minted unexpected money playing futures, They never square up their trade at market price, they exit by stop loss only. one of them use only 55 days simple moving avg (high,low close,) until and unless a price do not close above 55 days sma high and next day do not go below close avg then he will initiate a buy and stop loss is low sma of 55 days. for short sell he will wait to close below 55 days low sma . next day if price could not cross close sma of 55 days he will initiate a sell , but if this set up is not there then he will wait to happen that , otherwise he will sit calmly in the trading room, what others are doing, none of his business. He simply apply this method and he always say that if my set up works then all your indicators will turn in my set up side and if my set up is not initiated then what ever you do, will not find a meaningful gap to trade and to earn handsome profits. The most important he tracks only FIVE scripts and NIFTY FUT and living his life so sophisticated. i know him since last four years , normally he earns good money to live and to maintain good and meaningful life style. no charting software, not any indicators Just one 55 days sma in excel sheet had changed his life. i learnt from him this formula and telling you all in support of Mr. Veerappn's views.
so whatever written buy Mr.Veerappan in green ink just get the print out of the same and stick it on the wall of yr trading room like from any angle you can read it constantly, then you have chance to earn good money from this markets.
hope every serious trader who want to earn his/her bread butter and good lifestyle from the markets should take Mr.Veerappan's views written in green ink MOST SERIOUSLY.
Regards.
Chirag B. Vyas |
chirag wil u plz give a example of how to implement this trade
like if closing on 1st june of a particular script is rs 103, high sma 55 is 100, close sma 55 is 97 nd low sma 55 is 94, so as per ur advice we r supposed to initiate a buy on 2nd june, so i wud like to know at what time i shd make a buy order, i should do it near closing time if i see that price in full day has not gone below close sma 55 rs 97, or i shd see dat price is not going below previous day closing.
the important thing which i m not u'standing is timing of the trade,i hope u wil clarify my doubt,thnx in advance |
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