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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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Post: #211  Posted: Wed Feb 15, 2012 10:23 am Post subject: |
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Your views on this marking also..here no 34 touch but rsi5OB..15 tf rules are clear to me..I am asking these in 5tf perspective..as per your experience
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #212 Posted: Wed Feb 15, 2012 1:06 pm Post subject: Re: RE |
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| Jai2000 wrote: | Legend,
hello! I'm fine, Tks! Wish u too!
Kiran, I dont trade EOD, my max limit is upto 15TF only (small trader  )! I cant get this "contra trade" subject  .For Nifty/stocks/crudeoil i enter based on 15Tf's trend & using 5TF pivot to exit.In silver 95% trading based on 5TF trend. As i explaind many times ,to enter 5TF rejection RSI values are must! Ys as u said RSI5 should come out of OS for long entry- means atleast one candle must close below 30 (RSI5) . Ignore if the pivot created without OB/OS in 5TF. Only candle touching to 34 ema not enough for 5TF.RSI5 signals are must! you will get if u back-test it.Recent ex is 31/01/'12 (silverm) .Kiran i dont use RSI values to exit.Mostly my targets are towards new low/ high. 75% i'l book there & will add at next rejection.
Hope u r not confused wth my answer.......! lol
( 34ema is better for 60Tf too,whatever is stick anyone 34 or 13)
Jai |
Once again thank you for your detailed answers, Jai. Really appreciate the help you are giving through this forum.
1. Please notice the bolded portion of the quoted message of yours. Good you exit at new high or low.. How do you determine a candle to exit when a new high or low is reached? that u said where you exit 75 % and u leave remaining 25% to get hit by tsl as per swing pivots in 5tf.
2. Also in some other post, you said when take entries in 15tf with your initial stoploss as swing pivot in 15tf itself(ofcourse you take entry based on your risk and hence the number of lots).. ur tsl is based on 5tf:
a) after the first entry in 15tf with initial stop loss in 15tf, there is a move and there is a first rejection in 5tf.. formed a new high in 5tf (which means it would have formed new high in 15tf also).. you change ur sl to 5tf swing pivot even though you are not in profit by that time?
b) In 5tf, it has to be a swing pivot to be considered for tsl? (as per your rules, in 5tf.. in order to consider a point swing pivot, not only a candle should touch 34ema but also rsi shd come out of ob/os)
Best wishes,
Kiran
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #213 Posted: Wed Feb 15, 2012 5:41 pm Post subject: Re |
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Smart,
Ys i've noticed many times (say above 95%) these kind of pivots faild in 5TF.( without RSI5 signal). So that i've told RSI5 values are must in 5TF.In this case 1007.60 s not a valid DSP in 5TF, 1016.60 remains DSP both in 5& 15TF!
Jai
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #214 Posted: Wed Feb 15, 2012 6:02 pm Post subject: Re |
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Legend,
How do you determine a candle to exit when a new high or low is reached? that u said where you exit 75 % and u leave remaining 25% to get hit by tsl as per swing pivots in 5tf.
Ex -Nifty-1m, i've added longs on 09/02/'12 morning with pivot as Sl & book my profit @ 5424. Again on 10th i've added longs with Sl as pivot & today moring i booked it! Today later got another 5Tf rej & again profit book @ 5547. Now holding only 25%. This 25% i'l exit once 5Tf pivot crosd.This is my routine work!
after the first entry in 15tf with initial stop loss in 15tf, there is a move and there is a first rejection in 5tf.. formed a new high in 5tf (which means it would have formed new high in 15tf also).. you change ur sl to 5tf swing pivot even though you are not in profit by that time?
Absolutely, I'l exit at that point with small loss! Few times it happend! But lot of times it saves me from " huge profit loss".
b) Again yesss for RSI5 @ 5TF!! 
Jai
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #215 Posted: Wed Feb 15, 2012 6:42 pm Post subject: |
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| thanx jai..what abt..13 feb 11.30pm candle(charts posted)..here no 34 touch(near is there) but rsi OB..in 15tf..we consider such pts as valipd pivots..what abt in 5tf..??
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #216 Posted: Wed Feb 15, 2012 7:11 pm Post subject: Re-Nickel |
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Smart,
I'm little confused, 13th feb 23.30 candle nowhere near 34 ema@ 15TF. But in 5Tf we can take that candle(21.30hrs) as a valid Pivot point.(not in this case)
Jai
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #217 Posted: Wed Feb 15, 2012 7:38 pm Post subject: |
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| ok..got it..in 5tf...we have to consider both 34 touch & rsi OB/OS..to be on safe side...thanx once again...BTW..copper in uptrend now...usp 414.60..in 15tf...rejection awaited...but in 5tf has given one bullish rejection..
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #219 Posted: Wed Feb 15, 2012 8:46 pm Post subject: |
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Now 15tf..also down in copper.. 
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #220 Posted: Thu Feb 16, 2012 12:26 pm Post subject: Re: Re |
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| Jaii wrote: | Legend,
How do you determine a candle to exit when a new high or low is reached? that u said where you exit 75 % and u leave remaining 25% to get hit by tsl as per swing pivots in 5tf.
Ex -Nifty-1m, i've added longs on 09/02/'12 morning with pivot as Sl & book my profit @ 5424. Again on 10th i've added longs with Sl as pivot & today moring i booked it! Today later got another 5Tf rej & again profit book @ 5547. Now holding only 25%. This 25% i'l exit once 5Tf pivot crosd.This is my routine work!
after the first entry in 15tf with initial stop loss in 15tf, there is a move and there is a first rejection in 5tf.. formed a new high in 5tf (which means it would have formed new high in 15tf also).. you change ur sl to 5tf swing pivot even though you are not in profit by that time?
Absolutely, I'l exit at that point with small loss! Few times it happend! But lot of times it saves me from " huge profit loss".
b) Again yesss for RSI5 @ 5TF!!
Jai |
So great and nice of you for your invaluable inputs 
on 10th, i don't see any entry in 15tf? yes during the last one hour there was one entry in 5tf.. so u took 5tf entry that day for swings?
and on yesterday(i.e,., 15th) u entered at 14:34 candle with sl as 5518 odd? how many points below(for filter) low of the day or swing pivot(whichever u consider keeping ur sl w.r.t situations) u put ur sl?
Cheers
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sunnyrockers007
White Belt
Joined: 10 Jun 2011
Posts: 18
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| Post: #221 Posted: Thu Feb 16, 2012 7:28 pm Post subject: |
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Jai
Gold USP @ 15tf 28095
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #222 Posted: Thu Feb 16, 2012 7:38 pm Post subject: |
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| DSP in nickel 5tf/15tf @ 996.90
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #223 Posted: Thu Feb 16, 2012 8:19 pm Post subject: |
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| New DSP in nickel 5tf/15tf 994.30..
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #225 Posted: Fri Feb 17, 2012 7:13 pm Post subject: |
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Uploaded with ImageShack.us
Hello jai, this is copper 5tf chart..its in uptrend it was a valid rejection but not working...??? 
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