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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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Post: #376  Posted: Wed Mar 14, 2012 11:50 am Post subject: |
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| sher, just observed, you have given usp/dsp for 30 tf today..my chart & corresponding usp is for 15tf..
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ash_madan
White Belt
Joined: 29 Feb 2012
Posts: 4
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| Post: #377 Posted: Wed Mar 14, 2012 1:26 pm Post subject: RE |
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Jai Sir,
thanks for the reply....
Have read the link posted by you ...but i'm still confused how to decide on carrying my position overnight , is it totally dependent on trade management i.e 1: 2 return or do we use higher time frame for decision making .. if there is any strategy or method (because gap up and gap down can wipe off my profits )
thanks in advance.....
Ash M
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ash_madan
White Belt
Joined: 29 Feb 2012
Posts: 4
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| Post: #378 Posted: Wed Mar 14, 2012 1:46 pm Post subject: |
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Jai sir,
please confirm for copper the last USP was 429.65 and its stands broken now and now the fresh DSP is 433.45.
correct me if i'm wrong......
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diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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| Post: #379 Posted: Wed Mar 14, 2012 9:53 pm Post subject: Copper Pivot |
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Hi Friends,
CopperM Downside rejection @ 430.45..
New DSP 430.45..
Regards,
Diwakar R[/b]
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ash_madan
White Belt
Joined: 29 Feb 2012
Posts: 4
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| Post: #380 Posted: Wed Mar 14, 2012 11:55 pm Post subject: RE |
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dear seniors ,
please inform that if for example a DSP is broken by a candle close , do we make a entry into the trade or we take entry after first rejection after change in trend....
thanks...
Ashish M
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #381 Posted: Thu Mar 15, 2012 9:00 am Post subject: Re: RE |
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| ash_madan wrote: | dear seniors ,
please inform that if for example a DSP is broken by a candle close , do we make a entry into the trade or we take entry after first rejection after change in trend....
thanks...
Ashish M |
candle close is not imp one tick above the dsp is what we need. yes you can take entry with dsp breakout. but you have to see whether yr money mgt is allowing you for such entry as in such trades sl's are deep.
regds,
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #382 Posted: Thu Mar 15, 2012 10:26 am Post subject: |
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Jai bhai can you please confim gold mini new dsp is 28105 on 30M TF.
regds,
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #383 Posted: Thu Mar 15, 2012 10:38 am Post subject: RE |
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Sher,
Minor dif ichart says 28085 (12/03/'12- 15.29 hrs candle)......
Jai
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #384 Posted: Thu Mar 15, 2012 10:46 am Post subject: Re: RE |
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| Jaii wrote: | Sher,
Minor dif ichart says 28085 (12/03/'12- 15.29 hrs candle)......
Jai |
thanks a lot for prompt reply
regds,
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #385 Posted: Thu Mar 15, 2012 11:24 am Post subject: |
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Jai sir, i have one doubt regarding sherbaaz's query on gold mini.. gold mini on 30m time frame made a pull back and touched ema 34 on 13/3 .. 9.30 pm bar , though rsi wasnt overbought that time.. cant we take that point as reversal point? i was under impression that rsi need not be in OB zone if price has touched 34ema and then made new low .. please enlighten me on this.
Regards
Amigo
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #386 Posted: Thu Mar 15, 2012 11:55 am Post subject: RE |
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Amigo,
Gold is in downtrend more than 15days @ 30TF! Recent low was 27420. Last 15 days it was in sideway move & finaly ystrday only that low taken out. So as usual The high below 2 lows is the DSP.Bullback has been started 02/03'12 itself but we didnt get new low below 27420, so no change in Pivot on 30TF! @lower TF 2,3 times trend has been changed in last 2 weeks!
Jai
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #387 Posted: Thu Mar 15, 2012 12:01 pm Post subject: |
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ok.. i got ur point.. i wasnt seeing the broader picture...thanks for the explanation.
Regards
Amigo
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #388 Posted: Thu Mar 15, 2012 7:03 pm Post subject: |
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Jai Bhai, kindly find below the chart of gold mini 30M can we consider the marked point as DSP as its HH between 2LL's?
plz reply.
regds,
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #389 Posted: Thu Mar 15, 2012 7:31 pm Post subject: RE |
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Sher,
No.... need new low below 27361(15/03/'12-10.59hr candle) for new Pivot!
Jai
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #390 Posted: Thu Mar 15, 2012 7:37 pm Post subject: |
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deleted
Last edited by smartcancerian on Thu Mar 15, 2012 7:49 pm; edited 1 time in total |
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