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Playing on 34 ema rocks |
rocky1980
White Belt
Joined: 12 Jun 2009
Posts: 73
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Post: #31  Posted: Wed Oct 13, 2010 10:24 am Post subject: |
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| drsureshbs wrote: | DEAR ROCKY
vERY MUCH APPRICATE UR EFFORTS TO EDUCATE OTHERS
CAN U PL throw some tight on entry based on 34ema ,treandline and fibb with a chart. It will b usefull to many
Thank you |
hi trader
please download the document attached in this thread.
Thanks
regards
rocky1980
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bharatsabharwal
White Belt
Joined: 27 Jun 2010
Posts: 9
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| Post: #32 Posted: Fri Oct 22, 2010 3:08 pm Post subject: Hi |
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Hi Rocky
Now a days I'm only following you 34/13/5 ema formula. But one thing i want to know that how to enter a trade after profit booking in this formula of 34/13/5 E.M.A. Today i sell bank-nifty @12465 and book profit @12352.at (s2).
but bank-nifty go down up-to 12330 and retrace up-to.12434.
I want to learn from you how i can get trade at bottom level.
kindly guide me and oblige.
Regards
bharat
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bharatsabharwal
White Belt
Joined: 27 Jun 2010
Posts: 9
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| Post: #33 Posted: Sun Oct 31, 2010 10:46 am Post subject: how r u |
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HI
rocky how are you.
Sir i'm eager to know the answer of my question,
Kindly do the needful.
thanks
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rocky1980
White Belt
Joined: 12 Jun 2009
Posts: 73
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| Post: #34 Posted: Sun Oct 31, 2010 10:27 pm Post subject: Re: how r u |
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| bharatsabharwal wrote: | HI
rocky how are you.
Sir i'm eager to know the answer of my question,
Kindly do the needful.
thanks |
Hi bharat
I am fine - i was out on a vacation - so could not reply - i have just arrived today - i would reply ASAP -
thanks
take care
rocky1980
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bharatsabharwal
White Belt
Joined: 27 Jun 2010
Posts: 9
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| Post: #35 Posted: Tue Nov 09, 2010 9:20 pm Post subject: where ru |
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Sir r u busy some where ,
no response from ur side. ur followers r wating for ur reply
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aromal
White Belt
Joined: 22 Mar 2010
Posts: 302
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| Post: #36 Posted: Wed Nov 10, 2010 7:50 am Post subject: Re: Thanks for reply |
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| rocky1980 wrote: | | bharatsabharwal wrote: | Dear Rocky
Thanks for your valuable advice can you provide the post as advised by you
( please check the forum post - PRICE AND ACTION on this site to enter with coinciding 34 ema close )
Kindly do me a favour by provide the above post.
Thanks
Bharat |
TRADING THE PRICE:
Some common methods i follow during intraday trades, i will be posting it here.. to begin with a few set of rules.
1) If price is above open price, then my main trades will be long. I may take quick short trades at resistances, but they will be fast, with strict SL of around 15 points and quick targets too of 10-20 points.
2) The reverse holds for Price below Open price.
3) Getting IN: Try to get in as near as possible to the open price with Low or 15 points SL whichever is higher. Same holds when u are trying a short.
4) Once the price moves 15-20 points above Open Price, move ur SL to Open price or ur Buy Price.
5) Booking: Usually look for STs level to book profits.. and if they are clubbed with Pivots Classic, more chances of Nifty stopping or reversing from that point.
6) Use of TLs help in booking profits like shown in the charts today.
Todays Trade.. A Good entry today @ lowest possible tradable value was between 4320-4223 with the low 4305 as SL. Once it moved away from the Open price i moved the SL to open price 4315 ( use a bit tolerance as sometimes it hits n returns) Today the first booking was done when the TL & LOC were breached around 12.45. A neat trade of 30-35 points to begin with. Could have tried a quick short also here, but avoided... Well i was rather waiting for it to break open price so that i could enter a better short.
Next trade i preffered getting in again @ breach of downward TL and LOC.. ( always remember, we didnt breach the Open price even once, so i was interested only in long trades, my main trades would be all long)
A general observation when Nifty acummulates for some time around one of STs levels and when it starts moving after that, Nifty will skip the next level and jump to the next level... For eg: in todays trade, it accumulated in and around LOC for queit sometime and when it began rising, it discarded BULL level and jumped to R-1/R-2..
Note: this holds true only when the levels are not wide apart.. Yesterday the difference between Bull n Bear was 100 points and Nifty respected each n every level. Today Bull n Bear were only 60 points apart and Bull level wasnt respected..
The reason why i am writing this here so that when u find such things happening, u dont make the mistake of booking at Bull level, rather u can smartly use ur trailing SL to grasp the full range.
No doubts today 2 trades gave a clean 100 points...|xx
this was posted by JIMMIE on this forum under market direction category - more can be found out in that section - please find out
regards
rocky1980 |
 how to find trading pivot
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aromal
White Belt
Joined: 22 Mar 2010
Posts: 302
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| Post: #37 Posted: Wed Nov 10, 2010 7:51 am Post subject: |
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| rocky1980 wrote: | | drsureshbs wrote: | DEAR ROCKY
vERY MUCH APPRICATE UR EFFORTS TO EDUCATE OTHERS
CAN U PL throw some tight on entry based on 34ema ,treandline and fibb with a chart. It will b usefull to many
Thank you |
hi trader
please download the document attached in this thread.
Thanks
regards
rocky1980 |
 am not understanding pivot trading......
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ravionlinek
White Belt
Joined: 11 Jun 2010
Posts: 97
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| Post: #38 Posted: Sun Nov 21, 2010 2:18 am Post subject: |
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chek out Idea
looking good 4 coming days
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