iCharts Discussions

[Jai2000]

Kiran,

hello..... Crudeoil given just 2 entries in previous swing, where do u got this much candles First entry by breaking pivot @4301, initial SL u can use breakout candle's high or 2ATR. 4301- 4215 .Here profit booking is yr choice..... !!next entry dwn rej @ 30Tf , entry @ 4320 with SL 4337 . 4320-4226 (again ......profit booking is yr choice....)


Kiran If you are new to his strategy,pls trade wth silvermicro (minimum2 lots)atleast 2,3 months then increase qty step by step,after that u can move to other counter copper,silvermini,crudeoil, etc.,

Jai

[Jai2000]

Kiran,

here the recent silver trade using Spec sir's system. 15 TF trade ystrday one & 5TF intra rej trade

Jai

[chiragbvyas]

Dear Jai2000,

is spec sir's system useful in daily (eod) charts?
if yes can u pls explain me with a chart, how to use it and how it works ?
this trade setup is interesting and i would like to learn it , if u guide me.
Thanks and regards
Chirag

[kiranlegend]

[Rahulsharmaat]

can anyone guide-- what is swing high-- low-- i am reading all this but never got them in my brain--

is there no one who can help in this

[Jai2000]

chiragbvyas

Upto 30TF it's best!!!!! For EOD he has another setup.Rainbow can explain you better. Tks

Jai

[Jai2000]

Rahulsharmaat

pls visit this main page, the link below,

http://www.icharts.in/forum/ssps-speculators-swing-pivot-system-t3444.html


Jai

[Jai2000]

Kiran,

Could you please explain how did u consider 4320 as your second entry?

i've attached the chart already,12& 12.30 candles in 30TF(18/07) are rej candles.So entry as usual start from nxt candle.( 4320 was my entry point that day)

Ys u need to revisit forum for EXIT, ATR , for swing trade i use Pivot as SL & for rejection entry i use rejcandle's high,low or day's high, low whichever is highest & lowest!

Honestly, i'm not a right person to answer yr "important" question!

(could be one of these right, RSI risen out of OS and formed a higher low or price moved above EMA and followed by a confirmation candle taking out the pierced candle high or based on customized risk/reward ratio )


I'm really not aware of anything which u've mentiond . I'm very small & simple trader! I want to keep this system as simple as it is!! Usually @ crude, if the moving is above 100 point or closer to 100 point i'l book my full profit, else i'l ride untill trend change. Once i book my swing trade, then i'l enter @ rejection & will close my trade as intra! I never carry my intra trade for next day!

Regards,
Jai

[chiragbvyas]

Dear Rainbow,

Need your help to understand spec sir's swing pivot trade set up, if it can be useful using daily (eod) charts.

I found This trade set up very interesting, because in the thread " my story" everyone is talking about how they recover their losses using this strategy.

rightnow i am using 55 days sma breakout base trading system. but specs sirs system sounds trader friendly.

for that i need your guidance pls reply.

thanks and regards.

chirag

[Arjun20]

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[Jai2000]

Crudeoil 5Tf Pivot Trade...............

[Jai2000]

Copper - 15TF- USP - 430.65
Copper - 30TF- USP - 430.65

Crudeoil -15TF - USP - 4215
Crudeoil -30TF - USP - 4215


Silverm - 15Tf - DSP - 60140

Nickel - 15TF- USP - 1020.90

Jai

[Arjun20]

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[Sanchit]

Hello Arjun20,
I'm sorry if i'm intruding in the conversation;

However, the possible reason(s) for not taking long could be (per my understanding):

1) The trend is considered down until the Upswing pivot is broken so no long trades. The possible long entry (as suggested) could just be a pullback/mean reversion towards 34 EMA(possible whipsaw). We need to take a deep breath here and paitently wait for rejection to occur
(which is what happened later)

2) The RSI (5) was in the OB region.

Jai Bhai Sahi hai na

Regards,
Sanchit

[Arjun20]

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