| View previous topic :: View next topic |
| Author |
PRICE & ACTION |
sssmoorthy
White Belt
Joined: 03 Apr 2009
Posts: 4
|
Post: #61  Posted: Sun Aug 02, 2009 11:09 pm Post subject: It is 5 min chart. |
 |
|
Back calculated from the no. of candles.
Trade with cool head - sssmoorthy |
|
| Back to top |
|
 |
|
|
|
jimmie
Expert
Joined: 13 Aug 2007
Posts: 357
|
| Post: #62 Posted: Wed Aug 05, 2009 4:44 pm Post subject: Price & Action |
|
|
| Price & Action |
|
| Back to top |
|
|
jimmie
Expert
Joined: 13 Aug 2007
Posts: 357
|
| Post: #63 Posted: Thu Aug 06, 2009 4:06 pm Post subject: Price & Action |
|
|
| Nice trades today.. Made up for the weekly targets of points.. ! |
|
| Back to top |
|
|
neemtree
White Belt
Joined: 20 Feb 2009
Posts: 43
|
| Post: #64 Posted: Thu Aug 06, 2009 7:04 pm Post subject: |
|
|
Jimmie,
From 9.55 to 2.00 I did 4 trades today (including contra) and exhausted and decided that the nifty may not move anymore and closed the trades and logged off.
I got almost 40 points in my todays trades. I pat on my back... Good Job  .......
When i saw around 3.15 PM there was a solid crash...... Oooops!!!!!!!!!!!!
I missed another 80 points........
Better luck next time
Thanks for giving such wonderful idea (open price).
Thanks,
Srinivas |
|
| Back to top |
|
|
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
| Post: #65 Posted: Fri Aug 28, 2009 4:47 pm Post subject: |
|
|
Jimmie,
I am posting below chart based on Open Price for weekly trade.
Highly appreciate, if you could take time out and advice necessary corrections.
The chart is based on my present understanding and discussion with you in SB
Open price for the week was 4598
Went long at 4608 with 5 lots
Reversible SL was placed at 30 points below open price i.e. at 4568 was this appropriate?
One lot was booked at 50 points from open price.
One lot was again added when price moved up from below the open price SL remaining the same : 4568
One lot booked on every rise of 50 points.
Que 1: Is 30 point SL just right or a larger SL is required for weekly trades ?
Que 2: Do we need to move reversible SL higher up if price moves in favour ? When ?
Que3: Can we reverse position based on Weekly Pivot R1 R2 and trendline breach if any ? As is done on daily open price.(with ST's level and TL)
SHEKHAR
NB: I traded mini but posting chart and trading levels for NF as advised.
The add as shown was not done. (did not knew by then !!!) rest all as traded.
The SL is to open net 5 shorts only after neutralizing the longs. |
|
| Back to top |
|
|
daitya
White Belt
Joined: 06 Apr 2009
Posts: 9
|
| Post: #66 Posted: Sun Aug 30, 2009 11:53 am Post subject: |
|
|
| jimmie wrote: | KaranKumar: They are levels posted by ST (Swingtrader), Admin of this site.
kommacnu: Now there is no place for mistakes and follies.. only concetrate on doing atleast one trade in a day out of the 2-3 probabilities i post. |
Where are these ST levels published by Swingtrader.
Are they only for subscribers only?
If not..please give the links for the levels.
Thanks |
|
| Back to top |
|
|
neemtree
White Belt
Joined: 20 Feb 2009
Posts: 43
|
| Post: #67 Posted: Sun Aug 30, 2009 2:46 pm Post subject: |
|
|
They are nothing but the ichart levles avaialble for all scripts along with regular pivots.
Look below the chart. you will find them. |
|
| Back to top |
|
|
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
| Post: #68 Posted: Tue Sep 01, 2009 7:21 pm Post subject: |
|
|
Jimmie,
You are badly needed 
Whipped thrice on weekly. It happens or something terribly wrong with my approach.
Entered Long at 4680 SL 4644 (30 pts below open)
Short triggered at 4644 SL 4684 (30 pts from entry + 10pts above open to give a bit of room)
Again Long triggered at 4684 SL 4654 (30 pts)
Booked 1 lot at 4734
SL hit at 4654. I came out completely.
Should have used TL to reverse earlier ?
Chart posted below.
SHEKHAR
NB: entered on first candle, arrow is wrongly marked. |
|
| Back to top |
|
|
nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
|
| Post: #69 Posted: Tue Feb 09, 2010 10:22 am Post subject: Re: PRICE & ACTION |
|
|
thanks jimmi for giving forsight thanks | jimmie wrote: | Friends,
To your queries below, i have named the topic itself Price & Action.
Reasons for naming it so was to cut your BIAS when u enter a trade.
When u enter a trade, probably u have seen DOW 223 minus, or Hanseng showing 500 minus,
You have probably heard Mickey Mouse on Blue Channel talking about 4100,
You have referred some Blog or watched my or someone else' Levels in SB.
No harm if u have watched all this ... but if u r a disciplined follower of this strategy, you will cut your above BIAS and get in ACTION with the PRICE.
diwakarv: No idea, they are proprietory levels of SwingTrader.
sriki_r: yes in all kinds of markets... yesterday was a trending day and there was no looking back ... on doji days it will move 50 plus and 50 minus from the open price.. if u r strict with ur SL and reversing at open price you will still manage to earn 25 -35 points on both sides.
i may agree with that about not trading for an hour or so.. but i dont think it will help in this specific strategy.. as on some days it moves away from the open price by 50-70 points in the first hour and then u may not get an appropriate trade.. And above all, what is at risk when u enter this trade ? a SL of only 15 points ?? when u start following this strategy in a disciplined manner u may even want to change ur SL depending on the day.. It varies for me from 5-20 points.. mind you all, no scope of hope above 20 points as that will be putting ur trade against the Price.. So be strict in your SL. And again Open price SL is always a reversible SL.. so Higher the SL , ur reverse trade will suffer by that much points..
NO SCOPE FOR HOPE,
BE WITH THE PRICE,
KILL THE BIAS,
THROW UR MIND OUT
Its like, I CAME, I SAW, I CONQUERED..
There will be whipsaws on some days when Price keeps moving around open price, but if u r strict with ur SL, and Reverses, finally u will catch the hundred odd point move when it finally trends.
IMP NOTE: Announcing the launch of my Paid Services, Whosoever calls me 'Sir" or wishes to call me 'Sir' will have to pay me 2000/- rupees monthly, (TAXES as Applicable). The amount should be sent by Money Order in the name of my Ex-Servant.
Maneesh now that u have already called me 'Sir' ur free trial period is over . Kindly subscribe if u want to further call me 'Sir'.  |
 |
|
| Back to top |
|
|
rajabharani
White Belt
Joined: 16 Jan 2010
Posts: 8
|
| Post: #70 Posted: Mon Feb 15, 2010 8:53 pm Post subject: price and action |
|
|
hi jimmie,
went through the thread. its been a long time since you posted anything.
need a little guidance.
raja |
|
| Back to top |
|
|
jimmie
Expert
Joined: 13 Aug 2007
Posts: 357
|
| Post: #71 Posted: Fri May 21, 2010 4:21 pm Post subject: Todays Trades |
|
|
| Todays Trades |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #72 Posted: Fri May 21, 2010 8:16 pm Post subject: |
|
|
Jimmie,
Thanks for the chart and trading method demostration.
regards
vin |
|
| Back to top |
|
|
rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
|
| Post: #73 Posted: Sat May 22, 2010 12:07 pm Post subject: Re: Todays Trades |
|
|
| jimmie wrote: | | Todays Trades |
Jimmie - Thanks.. excellent representation |
|
| Back to top |
|
|
sri aish
White Belt
Joined: 25 Jun 2009
Posts: 14
|
| Post: #74 Posted: Sat May 22, 2010 3:56 pm Post subject: |
|
|
Excellent op strategy, jimmie rocking and volume candle doubts cleared i.e., where to place and when to place stop loss, really many a times sl trigerred when sl placed at low of high volume candle.
u said to wait for the close of the candle( just after the high volume candle) , now when the candle closes deep with volume, how to minimise the sl huge loss. In such cases do v get any prior indication in charts.
Thanks once again jimmie |
|
| Back to top |
|
|
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
| Post: #75 Posted: Sat May 22, 2010 8:06 pm Post subject: |
|
|
| jimmie wrote: | | Todays Trades |
Wow!!!
It's great to see you back in action.
Offcourse in the forum !
Keep posting.
SHEKHAR |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
