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Reverse Momentum Technique |
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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Post: #31  Posted: Fri Jul 10, 2009 5:34 pm Post subject: |
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ajit,
thanks.
regards,
vin
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #32 Posted: Fri Jul 10, 2009 7:13 pm Post subject: |
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Vinst/Ajit
If you work it out on 5mins charts today...u would have had 3 calls....n clear 75 points...
Excellent one Ajit 
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suprithvi
White Belt
Joined: 06 Apr 2007
Posts: 16
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| Post: #33 Posted: Sun Jul 12, 2009 8:13 am Post subject: reverse technique |
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| Dear ajit and bullishanand,which time frame will be good for this tecnique,5,10 or 15mts bar.pl guide
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ajit123
White Belt
Joined: 11 Oct 2006
Posts: 65
Location: bokaro,jharkhand
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| Post: #34 Posted: Sun Jul 12, 2009 10:36 am Post subject: hello |
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hi
it works on all timeframes.be it 5min 10,or 15,or daily and weekly.
what i have seen in the markets is that no method works all the time.so i dont believe on any method.what i am looking is to spot a momentum in any direction.this will make people to sit with trades in the same direction.now when the market starts to reverse all the position holders will start to cover,they have to cover.this generates a momentum in the counter direction.you have to ride this train and alight at your target station.
thanks
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suprithvi
White Belt
Joined: 06 Apr 2007
Posts: 16
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| Post: #35 Posted: Sun Jul 12, 2009 10:49 am Post subject: |
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| Thanks ajit,nicely told.
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #36 Posted: Mon Jul 13, 2009 10:14 pm Post subject: Re: HELLO |
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| ajit123 wrote: | HI VINST
look at the 10 min chart of nifty ,there were two clear trades based on this . one buy in the middle of the day and another a sell in the fag end of the day.the buy fetched 45 points and sell fetched around 100 points.if you exit at the set target of 25 points then also we get 50 point inthe day.
thanks |
Hi Ajit,
Can you please post a chart of 10th Jul highlighting the trade points. - Thanks
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ajit123
White Belt
Joined: 11 Oct 2006
Posts: 65
Location: bokaro,jharkhand
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| Post: #37 Posted: Tue Jul 14, 2009 7:50 am Post subject: HELLO |
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HI
here are the charts of 10th july for nifty 10 min for you.pl.have a look at it.[img][/img]
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21.74 KB |
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666 Time(s) |
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mitu tyagi
White Belt
Joined: 31 Mar 2009
Posts: 7
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| Post: #38 Posted: Tue Jul 14, 2009 3:50 pm Post subject: using for sl |
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| Can the high / low of bar before execution bar be used as SL also in your method or in general
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ajit123
White Belt
Joined: 11 Oct 2006
Posts: 65
Location: bokaro,jharkhand
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| Post: #39 Posted: Tue Jul 14, 2009 4:23 pm Post subject: hello |
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hi, mitu tyagi
yes the stop has to be the same as u mentioned, but do keep a filter of .3% of the current price from the lo/high point.
thanks
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #40 Posted: Tue Jul 14, 2009 7:58 pm Post subject: |
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Dear All
Please find today's trade chart attached...
Ajit, please do correct me if I am wrong somewhere...
Anand Rathi
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #41 Posted: Tue Jul 14, 2009 8:01 pm Post subject: |
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HI
NOt able to attach the file...please help
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ajit123
White Belt
Joined: 11 Oct 2006
Posts: 65
Location: bokaro,jharkhand
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| Post: #42 Posted: Tue Jul 14, 2009 8:02 pm Post subject: |
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hi
where is the chart??
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #43 Posted: Wed Jul 15, 2009 6:25 am Post subject: |
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Hey Ajit
How do we attach charts...tried using the add attachment route not working...
pl help
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #44 Posted: Wed Jul 15, 2009 8:27 pm Post subject: |
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Dear Ajit
I could clear 100 points today...
Thanks
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suprithvi
White Belt
Joined: 06 Apr 2007
Posts: 16
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| Post: #45 Posted: Wed Jul 15, 2009 9:28 pm Post subject: |
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| Dear bullishanand, which time frame you adopt.
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