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RUNNING WITH THE WOLVES |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #331  Posted: Mon Aug 29, 2011 10:41 am Post subject: |
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| sumesh_sol wrote: | M&M-1M (5tf)
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Though the market was in strong downtrend, I took this Long on friday...
I was enthused by the fact that AFTER pt5 was made, at least one candle gave a CLOSE on 8/13 ema, which as per me a good sign of reversal...
Wish me good luck guys...  |
My Gamble paid off... ! A good 20 points gain (500 lotsize)
PS: Tatamotors also broke SL just by 1 poit. and today it is also soaring.. (which again confirms my belief of keeping SL a little below than expected)
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #332 Posted: Mon Aug 29, 2011 10:41 am Post subject: Running with the woolves |
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Hi sumesh,
I am talking about 15 mnt TF.
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #333 Posted: Mon Aug 29, 2011 10:45 am Post subject: Re: Running with the woolves |
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| chandrujimrc wrote: | Hi sumesh,
I am talking about 15 mnt TF.
chandru. |
I'm not really sure whether we can trade this scenario !
Generally price takes a false breakout of just few points before entering again into channel to establish demand/supply gap.. But this is huge , so really not sure.. Any senior expert may please comment..
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #334 Posted: Mon Aug 29, 2011 10:49 am Post subject: Running with woolves |
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Hi sumesh.
Thanks for your immediate reply.
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #335 Posted: Mon Aug 29, 2011 12:29 pm Post subject: HCLTECH |
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HCLTECH..5tf
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Better enter on close below 8ema on 5tf..
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #336 Posted: Mon Aug 29, 2011 6:51 pm Post subject: Running with the wolves |
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Dear Sumesh,
I don"t know whether this set up is correct or not,but I have taken position and expecting the target as per 30 mnt TF.
chandru.
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #337 Posted: Mon Aug 29, 2011 7:22 pm Post subject: |
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Chandruji,
Set up is absolutely ok..but it depends where you have taken long what is ur sl.
And size of your trade also matter.. one suggestion if it is ok for you trade on lower tf reduce the tf to say 15 ..your entry will be little early.. It has its own merits as well as demerits..
It depends up on your trading psychology..ability to take risk..basically a trade management..
Trust position is in profit, have proper TSL...
Regards,
JJM
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #338 Posted: Mon Aug 29, 2011 8:07 pm Post subject: Running with the wolves |
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Dear jjm,
Thank you very much for your kind reply.I have taken at 4848 after first 15 mnt candle close with lower TL as S/L .but still I am holding sir
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #339 Posted: Mon Aug 29, 2011 8:34 pm Post subject: DABUR |
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DABUR ..60tf
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As point 4 candle is big, I have drawn two target rays, one from root and another from middle of it... So estimated tgt are 104/100 .. SL 111.5.
(Note : There is one Big red candle protruding out of upper TL, however, on closer inspection it is not found to be significant, so the setup can be considered to be OK)
Regards,
Sumesh
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #340 Posted: Mon Aug 29, 2011 10:28 pm Post subject: |
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WW on EOD chart of nifty sugesting possible pull back levels.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #341 Posted: Tue Aug 30, 2011 9:54 am Post subject: JETAIRWAYS |
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JETAIRWAYS
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WW on 5tf...
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #342 Posted: Tue Aug 30, 2011 10:17 am Post subject: |
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| rk_a2003 wrote: | | WW on EOD chart of nifty sugesting possible pull back levels. |
done!!
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #343 Posted: Tue Aug 30, 2011 12:07 pm Post subject: Re: JETAIRWAYS |
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| sumesh_sol wrote: | JETAIRWAYS
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WW on 5tf... |
Tgt Met
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #344 Posted: Tue Aug 30, 2011 6:31 pm Post subject: Running with the wolves |
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Dear jjm/sumesh,
Nifty fut -15 mnt TF,is it valid set up for downwards?
chandru.
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sambhaji_t
White Belt
Joined: 31 Mar 2008
Posts: 135
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| Post: #345 Posted: Wed Aug 31, 2011 4:28 pm Post subject: Running with the wolves |
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LUPIN ON 60 TF
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