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RUNNING WITH THE WOLVES |
Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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Post: #481  Posted: Mon Sep 19, 2011 5:55 pm Post subject: |
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Dear seniors...
Attached herewith is a bullish WW on 1min NF. This is my first attempt of identifying WW. I have not traded it. WW missed target marginally.
' whether WW drawn by me is correct ?' Pls guide and correct me if any drawbacks are there.
regards
Arjun
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #482 Posted: Mon Sep 19, 2011 6:42 pm Post subject: |
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| adsingh101 wrote: | | LT_ 30 min has formed its 5th point. |
this seems to be a broadening formation, not converging.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #483 Posted: Mon Sep 19, 2011 6:49 pm Post subject: |
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| adsingh101 wrote: | | Sumesh_sol: today sl for lichsgfin hit . |
Yes AD.. I also got stopped out.. But , again that's why u must always have stop in place... Afterall, we can only trade as per signals generated...
But honestly, this was such a beautiful pattern, I didn't expect it to hit SL..
Hope to get some good ww tomorrow 
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #484 Posted: Mon Sep 19, 2011 7:00 pm Post subject: |
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Arjun!
Nothing wrong in it . Good.
| Arjun20 wrote: | Dear seniors...
Attached herewith is a bullish WW on 1min NF. This is my first attempt of identifying WW. I have not traded it. WW missed target marginally.
' whether WW drawn by me is correct ?' Pls guide and correct me if any drawbacks are there.
regards
Arjun |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #485 Posted: Mon Sep 19, 2011 7:01 pm Post subject: |
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| Arjun20 wrote: | Dear seniors...
Attached herewith is a bullish WW on 1min NF. This is my first attempt of identifying WW. I have not traded it. WW missed target marginally.
' whether WW drawn by me is correct ?' Pls guide and correct me if any drawbacks are there.
regards
Arjun |
Dear Arjun,
You have asked reply from seniors.. I centainly don;t consider myself to be "senior" , if there are any, I can find JJM and Shekhar sir to be one who are really much more wise & experienced in this area...
Still, as a learner based on my experience, I can say your chart is absolutely OK to be treated as ww, and on 1 minutes tf, 40 points are good enough return.. At times, ww may not hit exact target, that's why one should always book partially as per his/her plan.. Rest market will take care..
Regards,
Sumesh
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #486 Posted: Mon Sep 19, 2011 7:24 pm Post subject: |
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Sumesh !
I too shorted this counter after your post.
Luckily, I came out with a miniscule profit ,after observing it's unwillingness to go down even after a reasonable drop in Nifty .
Shorted at 214.10 and covered at 213.55.
Just ,escaped from stopping out.
| sumesh_sol wrote: | | adsingh101 wrote: | | Sumesh_sol: today sl for lichsgfin hit . |
Yes AD.. I also got stopped out.. But , again that's why u must always have stop in place... Afterall, we can only trade as per signals generated...
But honestly, this was such a beautiful pattern, I didn't expect it to hit SL..
Hope to get some good ww tomorrow |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #487 Posted: Mon Sep 19, 2011 7:31 pm Post subject: |
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| sumesh_sol wrote: |
Dear Arjun,
You have asked reply from seniors.. I centainly don;t consider myself to be "senior" , if there are any, I can find JJM and Shekhar sir to be one who are really much more wise & experienced in this area...
Still, as a learner based on my experience, I can say your chart is absolutely OK to be treated as ww, and on 1 minutes tf, 40 points are good enough return.. At times, ww may not hit exact target, that's why one should always book partially as per his/her plan.. Rest market will take care..
Regards,
Sumesh |
Thanx Sumesh. Even if u don't consider, you are senior.
Also RK...... thanx
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #488 Posted: Tue Sep 20, 2011 12:43 pm Post subject: |
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DEar seniors,
can this be taken as WW? Cocern is Pts 1 and 3 are horizontal.
This was WW for a small 20 point gain. It hit tgt and then bounced back.
I wanted to confirm symmetry.
So ur views pls
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s.muthuswamy
White Belt
Joined: 15 Jun 2008
Posts: 96
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| Post: #489 Posted: Tue Sep 20, 2011 2:06 pm Post subject: Running with the wolves |
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Mr. Arjun
While the price is in downtrend, the points 1,3 must be in the lower blue line and 2,4 in the upper blue line with 1>3>5 and 2>4
While the price in uptrend , the points 1,3 must be in the upper blue line and 2,4 in the lower blue line with 1<3<5 and 2<4
The lines 1-3 and 2-4 shall be slightly converging.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #490 Posted: Wed Sep 21, 2011 9:34 am Post subject: IDFC |
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IDFC..15tf..
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Though the setup is on 15tf.. Try to short on close below 34 ema on 5tf.. (roughly 114.5)
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #492 Posted: Wed Sep 21, 2011 10:01 am Post subject: BHEL |
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BHEL..60tf
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I will enter in half once CLOSES inside TL on 60tf.. Rest half on CLOSE above pt3's Low (1678)
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #493 Posted: Wed Sep 21, 2011 10:08 am Post subject: Re: BATAINDIA |
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Congrats Sumesh!
I am really happy for this. Keep rocking 
| sumesh_sol wrote: | | sumesh_sol wrote: | BATAINDIA ..60tf
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After a patient wait of 10days, Bata has given result....
I have booked fully at this level..
Longlive WW |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #494 Posted: Wed Sep 21, 2011 10:12 am Post subject: Re: IDFC |
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For IDFC first target is 113 and 2nd is 112. Stoploss should be just above 116. what do you say Sumesh! any amendments.
| sumesh_sol wrote: | IDFC..15tf..
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Though the setup is on 15tf.. Try to short on close below 34 ema on 5tf.. (roughly 114.5) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #495 Posted: Wed Sep 21, 2011 10:25 am Post subject: Re: IDFC |
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| rk_a2003 wrote: | For IDFC first target is 113 and 2nd is 112. Stoploss should be just above 116. what do you say Sumesh! any amendments.
| sumesh_sol wrote: | IDFC..15tf..
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Though the setup is on 15tf.. Try to short on close below 34 ema on 5tf.. (roughly 114.5) |
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Correct rk.. 113 is 34 ema on 60 tf.. and 112 is actual ww tgt..
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