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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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Post: #541  Posted: Wed Apr 24, 2013 11:17 am Post subject: Re: USDINR- Pivots |
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| Jai2000 wrote: | Bharat bro,
hi USDINR into sideways moving last few days.Previous trade has given nice profits, so it's a usual one in our bussiness  . Below 54.6600 short trigered on 15th, 17th low was 53.7825. Inbetween there's only one 5TF pivot 54.4850! 15TF pivot still remains at 54.9475. My TSL hit @54.1650 based on lower TF pivot (below 5tf). On 18th i'd tried rejection entry which is failed. Now with empty hand  . Below 54.2525 we may try for short sell, but exp is closer, so let this exp go off...... will wait for fresh entry 
Jai |
Dear Jai,
Thanks for the updates with chart.
In nifty Smart is helping me out whereas in commodities and USDINR you are guiding me. Hope i will be S S P S follower (trader) in near future.
Jai i have read this forum from first page to this one in single sitting but one confusion regarding 5 tf chart with rsi 5.
it will be great help to play intra and contra if i learn to play 5tf with rsi(5) in combination with 15 tf.
Pls spare some time and post some 5 tf chart with rsi(5) in which pls mark perfect and weak signal so i can understand the importance of rsi (5) in 5 tf chart for serious learning purpose.
Hope i am not disturbing you.
Bharat.
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #542 Posted: Thu Apr 25, 2013 8:54 am Post subject: RE |
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SmartC,
hi sorry i cant get your query (weak in engl  ) What is "Higher low in counter trend"? Here how come counter trend topic? He asked 15Tf so that i've posted 15Tf chart! My trade entries are maximum based on 5TF only, when my profit is little higher and 5tf pivot is far away then i use lower TF pivot to book my profit. I have clearly mentioned in my earlier post -that is below 5Tf pivot! Lot of guys thinking that even talking about 5Tf is a prestige problem and they treat 5Tf trader like criminals . But i'm more comfortable with 5Tf -nothing to hide! When 15Tf is against 5 Tf, higher Tf guys like you may feel it's a counter trend trade, but based on 5tf it's a Trend based trade only, i never traded any non-trend signals.
Bharat bro,
hi, if you are new to this SSPS then pls avoid thinking about 5TF now! For me no dif between TFs, consistency is the imp one. I will post later few 5Tf charts. Dont confuse with 5TF, better backtest 15 or higher TF for sometimes!
 Jai
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #543 Posted: Thu Apr 25, 2013 9:21 am Post subject: |
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Dear Jai,
Thanks for the advise.
I am back testing 15 tf currently.
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #544 Posted: Thu Apr 25, 2013 10:17 am Post subject: |
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Dear jai,
Using 5 t f i have earned more than 100 points in crude fut.
Thanks for all explanation regarding S S P S. Hope your guidance will continue.
Bharat.
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Jai2000
White Belt
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Posts: 346
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sanmen
White Belt
Joined: 28 Apr 2008
Posts: 88
Location: Delhi
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| Post: #546 Posted: Fri Apr 26, 2013 10:40 am Post subject: |
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Dear Jai
Silver has again blasted on the upside after taking out the DSP. It is yet to give a valid rejection though after taking out the DSP to initiate the long positions..
pl correct me if my understanding is wrong
thanx
Sandeep
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #547 Posted: Fri Apr 26, 2013 1:41 pm Post subject: Re |
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sandeep bro,
ys unfortunately there's no entry point yesterday. Now 5, 15Tfs are into OS Zone, rejection may happen anytime. My long entry will triger above today's high with recent low as SL. Exp near so trying to trade nxt month.
Jai
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sanmen
White Belt
Joined: 28 Apr 2008
Posts: 88
Location: Delhi
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| Post: #548 Posted: Fri Apr 26, 2013 3:53 pm Post subject: |
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looks like rejection done in 5/15TF for long...less risky trade would be to go long above the day high...
Jai: pl confirm if possible and at the earliest please
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sanmen
White Belt
Joined: 28 Apr 2008
Posts: 88
Location: Delhi
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| Post: #549 Posted: Fri Apr 26, 2013 4:58 pm Post subject: |
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and it failed or i got it wrong 
not crossing day high saved 
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Jai2000
White Belt
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sanmen
White Belt
Joined: 28 Apr 2008
Posts: 88
Location: Delhi
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| Post: #551 Posted: Sat Apr 27, 2013 9:44 am Post subject: |
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Silver had a similar move up violently before the crash. it had taken out the DSP and moved some 2000 pts and then crashed down...may be its going to be the same again!!!!!!
Jai bhai: pl post when u take the entry
thanx
Sandeep
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #552 Posted: Sat Apr 27, 2013 11:41 am Post subject: |
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| sanmen wrote: | Silver had a similar move up violently before the crash. it had taken out the DSP and moved some 2000 pts and then crashed down...may be its going to be the same again!!!!!!
Jai bhai: pl post when u take the entry
thanx
Sandeep |
Amen 
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #553 Posted: Sun Apr 28, 2013 12:38 pm Post subject: hi |
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Dear Jai,
If you can spare little time pls...
Pls post some 5 tf charts with rsi (5) for learning purpose and to understand the impact of the rsi (5) to define weak/strong signal of usp / dsp.
It will help me to trade decisively in conjuction with 15 tf.
Bharat.
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sanmen
White Belt
Joined: 28 Apr 2008
Posts: 88
Location: Delhi
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| Post: #554 Posted: Mon Apr 29, 2013 6:16 pm Post subject: |
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Jai Bhai
may be we shall get the rejection any moment now...hope u will be able to confirm 
thanx
Sandeep
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #555 Posted: Tue Apr 30, 2013 11:08 am Post subject: RE |
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Sandeep bro,
I will wait for 26/04 low/high break. Swing short will triger if 26/4 low taken out. 60TF is in UPtrend still, so anything can happen! If 26/04 high broken then will wait for long entry after retracement. Taken july silver shorts with yesterday's high as SL. (500 points risk) based on 30TF rej, small qty.
Bharat bro,
RSI(5) is additional confirmation for lower Tf.Nothing else! For higher TF touchingn 34 ema enough to identify Pivots, but lower Tf like 5 and below RSI(5) OB/OS signals along with 34 ema can be better.My all old saving datas are erased, if i get any setup like this i'l post for you!
Jai
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. As usual waiting for fresh entry.
