| View previous topic :: View next topic |
| Author |
STOP |
infinity
White Belt
Joined: 09 Aug 2010
Posts: 49
|
Post: #106  Posted: Thu Aug 25, 2011 11:02 am Post subject: |
 |
|
Hello Jai sir,
Thank you for your detailed trading strategy. 
|
|
| Back to top |
|
 |
|
|
|
kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
|
| Post: #107 Posted: Thu Aug 25, 2011 4:51 pm Post subject: Re: RE |
|
|
| Jai2000 wrote: | Kiran,
I use 5TF for TSL to my swing trades & for intra trades only.My swing entries are based on 15TF, i'm following spec sir's system blindly! I didnt modify anything. same 34 ema for all TF!! Watch silverm chart....my swing long's TSL got hit @65700 based on 5Tf USP. But i didnt short at that point ,2 days i was doing intra trades only, finally ysterday 15Tf USP also taken out, so my swing short is @62630. I follow the same for all counter! 15 & 30 TFs are better for swing trade!!!!!!!
Jai |
Oh that is great strategy Jai ji.. even i was thinking the same to have some TSL figure from lower time frame when in swing. Do you put SL too, as you do with TSL, from lower TFs when in swing?
However for intra, I think even 15tf and 30 tf would do? ofcourse just that stop hits would be larger than that in 5 mins TF. What is your take on this, Jai ji?
Cheers
Kiran
|
|
| Back to top |
|
|
Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
|
| Post: #108 Posted: Thu Aug 25, 2011 11:31 pm Post subject: RE |
|
|
Anant Khadilkar,
hello......
Kiran,
Nope my Sl would be 15Tf pivot,when i enter swing trade. And for intra trade TF doesn't matter,i'l take the first valid rejection whichever is giving.
#silverM i entered 5Tf dwn rej @ 60180 with SL 60890 Low is 58898.
# SilverM 5Tf DSp also taken out today.So my 2nd entry @ 60820 with SL of 60200 and the high is 62200.
Jai
| Description: |
|
| Filesize: |
21.38 KB |
| Viewed: |
392 Time(s) |
|
| Description: |
|
| Filesize: |
19.9 KB |
| Viewed: |
395 Time(s) |
|
|
|
| Back to top |
|
|
mittalabhishek08
White Belt
Joined: 06 Aug 2011
Posts: 16
|
| Post: #109 Posted: Fri Aug 26, 2011 7:21 am Post subject: Re: RE |
|
|
| Jai2000 wrote: | Anant Khadilkar,
hello......
Kiran,
Nope my Sl would be 15Tf pivot,when i enter swing trade. And for intra trade TF doesn't matter,i'l take the first valid rejection whichever is giving.
#silverM i entered 5Tf dwn rej @ 60180 with SL 60890 Low is 58898.
# SilverM 5Tf DSp also taken out today.So my 2nd entry @ 60820 with SL of 60200 and the high is 62200.
Jai |
could u plz tell wat is he parameter for rsi and ema when looked on eod charts
|
|
| Back to top |
|
|
infinity
White Belt
Joined: 09 Aug 2010
Posts: 49
|
| Post: #110 Posted: Fri Aug 26, 2011 2:20 pm Post subject: time frame for trading |
|
|
abhishek
This trading system is based on -
1. 15 & 30 tf
2. 34 ema
3. RSI 5
As such daily tf parameters are not available.
Anant
|
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #111 Posted: Fri Aug 26, 2011 7:08 pm Post subject: aluminium |
|
|
pls tell me its wrong or correct.
| Description: |
|
| Filesize: |
204.67 KB |
| Viewed: |
404 Time(s) |
|
|
|
| Back to top |
|
|
infinity
White Belt
Joined: 09 Aug 2010
Posts: 49
|
| Post: #112 Posted: Sat Aug 27, 2011 8:22 pm Post subject: Re: aluminium |
|
|
| chetan83 wrote: | | pls tell me its wrong or correct. |
Chetan,
Please go thru' #1 for the following-
1. Aluminium made High of 116.10 on 26.07.11 with 12.59.59 candle.
2. Price retraced from there touched 34 ems and then rejected from there. On 27.07.11 at 11.59.59 candle this high was breached and price went high.
3. Due to this action Up Side Pivot of 115.10 came in to existance. USP is nothing but lowest price between two high prices which has touched or crossed 34 ema.
4. Further price made high of 116.50 on 27.07.11 at 15.59.59. Later on this high was not taken out; but earlier low i.e. USP of 115.10 was broken on 28.07.11 with 16.29.59 candle. This USP of 115.10 was nothing but earlier low.
5. Now highest point between earlier low and new low is Down Side Pivot i.e. DSP 116.50
6. After breaching 115.10 price retraced, crossed 34 ema and rejected from there only to make new low.
7. Now highest point between these two lows is DSP 115.45.
8. Price went down further and made 113.65 as lowest point and opened gap up on 31.07.11 only to break DSP 115.45
9. Due to this new high (earlier high was DSP 115.45) USP of 113.65 came into existance; which is nothing but lowest point between two highs (old & new).
10. Later on price went upto 117.20 and made new low by breaking USP 113.65.
11. Due to this action DSP 117.20 which is highest point between two lows came into existance.
12. Price made new low after touching 34 ema and rejecting from there
Highest point between these two lows became DSP 114.75
Please refer #2 for the following-
Similarly DSP 111.90 and DSP 110.95 were formed.
This DSP 110.95 is latest Pivot.
Now if price goes below earlier low of 104.10 DSP 109.65 shall come into existance. AND if existing DSP of 110.95 is taken out by moving price higher than 110.95 then USP 104.10 shall come into existance.
Hope things are clear to you on DSP and USP and I have not confused you further.
Anant
| Description: |
|
| Filesize: |
26.44 KB |
| Viewed: |
410 Time(s) |
|
| Description: |
|
| Filesize: |
28.53 KB |
| Viewed: |
442 Time(s) |
|
|
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #113 Posted: Sat Aug 27, 2011 9:32 pm Post subject: Re: aluminium |
|
|
| Anant Khadilkar wrote: | | chetan83 wrote: | | pls tell me its wrong or correct. |
Chetan,
Please go thru' #1 for the following-
1. Aluminium made High of 116.10 on 26.07.11 with 12.59.59 candle.
2. Price retraced from there touched 34 ems and then rejected from there. On 27.07.11 at 11.59.59 candle this high was breached and price went high.
3. Due to this action Up Side Pivot of 115.10 came in to existance. USP is nothing but lowest price between two high prices which has touched or crossed 34 ema.
4. Further price made high of 116.50 on 27.07.11 at 15.59.59. Later on this high was not taken out; but earlier low i.e. USP of 115.10 was broken on 28.07.11 with 16.29.59 candle. This USP of 115.10 was nothing but earlier low.
5. Now highest point between earlier low and new low is Down Side Pivot i.e. DSP 116.50
6. After breaching 115.10 price retraced, crossed 34 ema and rejected from there only to make new low.
7. Now highest point between these two lows is DSP 115.45.
8. Price went down further and made 113.65 as lowest point and opened gap up on 31.07.11 only to break DSP 115.45
9. Due to this new high (earlier high was DSP 115.45) USP of 113.65 came into existance; which is nothing but lowest point between two highs (old & new).
10. Later on price went upto 117.20 and made new low by breaking USP 113.65.
11. Due to this action DSP 117.20 which is highest point between two lows came into existance.
12. Price made new low after touching 34 ema and rejecting from there
Highest point between these two lows became DSP 114.75
Please refer #2 for the following-
Similarly DSP 111.90 and DSP 110.95 were formed.
This DSP 110.95 is latest Pivot.
Now if price goes below earlier low of 104.10 DSP 109.65 shall come into existance. AND if existing DSP of 110.95 is taken out by moving price higher than 110.95 then USP 104.10 shall come into existance.
Hope things are clear to you on DSP and USP and I have not confused you further.
Anant |
Thank u, Anant for explaining this in a simpler manner.
regards,
Chetan.
|
|
| Back to top |
|
|
enroute
White Belt
Joined: 01 May 2010
Posts: 64
|
| Post: #114 Posted: Mon Aug 29, 2011 1:30 am Post subject: |
|
|
hi jai sir. i want to ask that r u following 8ema as well for the confirmation of rejections or not? or r u following only 34 ema only?plz reply.....(i want to knw whether spec sir hs modified it?)
regards
|
|
| Back to top |
|
|
infinity
White Belt
Joined: 09 Aug 2010
Posts: 49
|
| Post: #115 Posted: Mon Aug 29, 2011 6:44 am Post subject: clarification |
|
|
| profitrd wrote: | hi jai sir. i want to ask that r u following 8ema as well for the confirmation of rejections or not? or r u following only 34 ema only?plz reply.....(i want to knw whether spec sir hs modified it?)
regards |
Sorry Jai sir and Profitrd for intruding...; however as I know answer the same is reproduced from rule book of Spec sir
QUOTE
The rules of rejection are very simple and unambiguous
For a Bullish rejection, the stock/index is trading above the 34 ema, comes down either close to the 34 ema or touches the 34 ema or undershoots the 34 ema and reverses. For the rejection candle (trade entry candle), the following rules must be satisfied:
1) Candle close should be above 34 ema
2) Candle close should be above the high of the prior candle.
3) 8 EMA should be rising (that is the 8 ema of the current candle should be higher than the 8 ema of the previous candle)
I added the rule #3 as a refinement (or filter) to avoid taking weak rejections. If 1) and 2) are satisfied and 3) is not satisfied, then it means the correction is still in progress.
For a Bearish rejection, the stock/index is trading below the 34 ema, comes up either close to the 34 ema or touches the 34 ema or overshoots the 34 ema and reverses. For the rejection candle (trade entry candle), the following rules must be satisfied:
1) Candle close should be below 34 ema
2) Candle close should be below the low of the prior candle.
3) 8 EMA should be falling. (that is the 8 ema of the current candle should be lower than the 8 ema of the previous candle)
UNQUOTE
|
|
| Back to top |
|
|
enroute
White Belt
Joined: 01 May 2010
Posts: 64
|
| Post: #116 Posted: Mon Aug 29, 2011 10:34 am Post subject: |
|
|
thanx anant
regards
|
|
| Back to top |
|
|
enroute
White Belt
Joined: 01 May 2010
Posts: 64
|
| Post: #117 Posted: Mon Aug 29, 2011 10:52 am Post subject: |
|
|
hi anant/jai,
no. 3 point in bullish rejection was candle close above 8ema &
in bearish rejection was candle close should be below 8ema
but u hv written about rising n falling of 8ema..has this modified? bcoz there s a lot of difference b/w candle close or rising/falling..plz confirm
regards
|
|
| Back to top |
|
|
Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
|
| Post: #118 Posted: Mon Aug 29, 2011 12:30 pm Post subject: Re |
|
|
Profitrd,
hi, honestly i dont use 8ema, the reason is, i've started trading before his modified rules & i'm more comfortable wth 34ema&RSI5.
But we all know about Spec sir, his selfless contribution,Art of teaching,Care giving etc ..... If he modified then must be some reason behind!!
Really sry, unable to answer abt 8ema, i'l search the link & will post here.
Jai
|
|
| Back to top |
|
|
enroute
White Belt
Joined: 01 May 2010
Posts: 64
|
| Post: #119 Posted: Mon Aug 29, 2011 12:56 pm Post subject: |
|
|
thanx jai 4 the reply
regards
|
|
| Back to top |
|
|
Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
