|
|
| View previous topic :: View next topic |
| Author |
SVKum's BB10 strategy |
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
Post: #46  Posted: Thu Feb 02, 2012 10:16 am Post subject: |
 |
|
| sumesh_sol wrote: | hi friends,
Dishtv & Canbk looks to me gap up case.. I will short them when macd crossover happens downside..
Please see online charts... |
Hi Sumesh,
The BB 10 theory and the gap up/down strategy both seems to b contradictory. Ee. if we see the chart of canbk today. The 10min TF with BB 10 says a buy in Can Bk whereas the Gap strategy says a sell. So which one will be correct.
|
|
| Back to top |
|
 |
|
| |
amolghodekar
White Belt
Joined: 02 Apr 2011
Posts: 41
|
| Post: #47 Posted: Thu Feb 02, 2012 10:33 am Post subject: |
|
|
| Hi Sumesh... Thanks for posting this strategy... I have gone through the pdf attached.... but still I am confused about the entries.... as there are many candle close (CC) outside of UBB or LBB and MACD Histo is also in favour.... how to find valid entry point...??
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #48 Posted: Thu Feb 02, 2012 11:18 am Post subject: |
|
|
| vishyvaranasi wrote: | | sumesh_sol wrote: | hi friends,
Dishtv & Canbk looks to me gap up case.. I will short them when macd crossover happens downside..
Please see online charts... |
Hi Sumesh,
The BB 10 theory and the gap up/down strategy both seems to b contradictory. Ee. if we see the chart of canbk today. The 10min TF with BB 10 says a buy in Can Bk whereas the Gap strategy says a sell. So which one will be correct. |
I can't believe myselfffffff.. Look at Dishtv and Canbk......
Vishy, Sorry if I have confused you.. gapup/gapdown setup are entirely different than basic bb10 strategy.. If you browse few pages back, I have mentioned how to trade them... In my experience , so far the success ratio of gapup/gapdown are almost 95% !
Still I love bb10 for its clear & simple strategy.. please follow the basic one..
Regards,
Sumesh
|
|
| Back to top |
|
|
prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
|
| Post: #49 Posted: Thu Feb 02, 2012 11:27 am Post subject: |
|
|
| sumesh, I made some profit in dishtv, thanks a lot.
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #50 Posted: Thu Feb 02, 2012 12:24 pm Post subject: |
|
|
| amolghodekar wrote: | | Hi Sumesh... Thanks for posting this strategy... I have gone through the pdf attached.... but still I am confused about the entries.... as there are many candle close (CC) outside of UBB or LBB and MACD Histo is also in favour.... how to find valid entry point...?? |
Hi Amol,
Welcome to this group..! 
I can understand your problem, as I also had similar confusions a month ago.. In fact, I'm still trying to sort out the best entry/exit ways , but thanks to my seniors , they have guided me enough to trade these setups in a much better way..
I would like to mention some of my learning here for you and other new guys, hope it may be useful to you:
1.) First understand, we are trying to ride on intraday momentum, which often wakes up from sleeping state. Don't chase runaway market.
2.)Select scrips which do not give zig-zag movement. Usually largecaps and few midcaps are fine. But just look at their past behaviour to confirm. Banks, real estate, auto tops the list...
3.)Now the most important point is entry. Like I said we need to look for Squeeze. By this I mean look for low volatile period where stock moves in very small range. Then look at macd, for a long entry macd should preferably be above zero line, or at least it must be rising. Opposite for Short. If there is any confusion , better to avoid that, protecting your capital should be first priority than earning profit!
4.)Another helpful hint is look at bands. Upper & Lower bands should start moving in opposite direction once price breaches them. Although I personally prefer a close above/below band, many times only breach is enough. This comes by practice...
5.)Going one step ahead, if price is breaking any prior support/resistance zone, or patterns like H&S , then it is even better.. Although this is definetely NOT ESSENTIAL, but if it is there it adds to the strenght of the setup.
6.) Now enter above/below bb10 candle for long/short trade espectively.
7.)SL is always sma(10) on 15tf basis. Both for inital SL and for TSL.
8.)Booking profit is most important in case of momentum trades. As it is difficult to predict the up/down move after trade is triggered, I try to book 50% at my SL margin, and allow rest for moving ahead.. but if you get a jumbo move in a single candle then better book full, as intra-trades are very cruel it can eat away your gains in a single candle, so be careful..
9.) Avoid important days like qtly results, rbi policy, expiry etc. , as they are more likey to give whipsaws.
10.)Best way to learn is to trade them yourself for 1-2 weeks. BUT during this period keep your investment to bare minimum. Remember, once u feel confident enough , profit will automatically follow.
All the best !
Regards,
Sumesh
|
|
| Back to top |
|
|
amolghodekar
White Belt
Joined: 02 Apr 2011
Posts: 41
|
| Post: #51 Posted: Thu Feb 02, 2012 1:13 pm Post subject: |
|
|
| sumesh_sol wrote: | | amolghodekar wrote: | | Hi Sumesh... Thanks for posting this strategy... I have gone through the pdf attached.... but still I am confused about the entries.... as there are many candle close (CC) outside of UBB or LBB and MACD Histo is also in favour.... how to find valid entry point...?? |
Hi Amol,
Welcome to this group..!
I can understand your problem, as I also had similar confusions a month ago.. In fact, I'm still trying to sort out the best entry/exit ways , but thanks to my seniors , they have guided me enough to trade these setups in a much better way..
I would like to mention some of my learning here for you and other new guys, hope it may be useful to you:
1.) First understand, we are trying to ride on intraday momentum, which often wakes up from sleeping state. Don't chase runaway market.
2.)Select scrips which do not give zig-zag movement. Usually largecaps and few midcaps are fine. But just look at their past behaviour to confirm. Banks, real estate, auto tops the list...
3.)Now the most important point is entry. Like I said we need to look for Squeeze. By this I mean look for low volatile period where stock moves in very small range. Then look at macd, for a long entry macd should preferably be above zero line, or at least it must be rising. Opposite for Short. If there is any confusion , better to avoid that, protecting your capital should be first priority than earning profit!
4.)Another helpful hint is look at bands. Upper & Lower bands should start moving in opposite direction once price breaches them. Although I personally prefer a close above/below band, many times only breach is enough. This comes by practice...
5.)Going one step ahead, if price is breaking any prior support/resistance zone, or patterns like H&S , then it is even better.. Although this is definetely NOT ESSENTIAL, but if it is there it adds to the strenght of the setup.
6.) Now enter above/below bb10 candle for long/short trade espectively.
7.)SL is always sma(10) on 15tf basis. Both for inital SL and for TSL.
8.)Booking profit is most important in case of momentum trades. As it is difficult to predict the up/down move after trade is triggered, I try to book 50% at my SL margin, and allow rest for moving ahead.. but if you get a jumbo move in a single candle then better book full, as intra-trades are very cruel it can eat away your gains in a single candle, so be careful..
9.) Avoid important days like qtly results, rbi policy, expiry etc. , as they are more likey to give whipsaws.
10.)Best way to learn is to trade them yourself for 1-2 weeks. BUT during this period keep your investment to bare minimum. Remember, once u feel confident enough , profit will automatically follow.
All the best !
Regards,
Sumesh |
Thanks for being so descriptive... will definitely try for few weeks....
..Amol
|
|
| Back to top |
|
|
svkum
White Belt
Joined: 14 Feb 2007
Posts: 321
|
| Post: #52 Posted: Thu Feb 02, 2012 4:33 pm Post subject: |
|
|
AMOL ,
Were you in ICICIDIRECT as analyst, by any chance
if yes , we have met each other.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #53 Posted: Thu Feb 02, 2012 4:50 pm Post subject: |
|
|
| sumesh_sol wrote: | | vishyvaranasi wrote: | | sumesh_sol wrote: | hi friends,
Dishtv & Canbk looks to me gap up case.. I will short them when macd crossover happens downside..
Please see online charts... |
Hi Sumesh,
The BB 10 theory and the gap up/down strategy both seems to b contradictory. Ee. if we see the chart of canbk today. The 10min TF with BB 10 says a buy in Can Bk whereas the Gap strategy says a sell. So which one will be correct. |
I can't believe myselfffffff.. Look at Dishtv and Canbk......
Vishy, Sorry if I have confused you.. gapup/gapdown setup are entirely different than basic bb10 strategy.. If you browse few pages back, I have mentioned how to trade them... In my experience , so far the success ratio of gapup/gapdown are almost 95% !
Still I love bb10 for its clear & simple strategy.. please follow the basic one..
Regards,
Hi Sumesh,
Would like to have some clarity reg tha BB band breakouts. Well how will u select the stock to be traded coz there will be many stocks showing in the intraday sreener and the other thing if found one, what is the time frame to trade. shld we trade immediately or 5min TF or 1o TF
Sumesh |
|
|
| Back to top |
|
|
amolghodekar
White Belt
Joined: 02 Apr 2011
Posts: 41
|
| Post: #54 Posted: Thu Feb 02, 2012 6:45 pm Post subject: |
|
|
| svkum wrote: | AMOL ,
Were you in ICICIDIRECT as analyst, by any chance
if yes , we have met each other. |
Nope... Actually by profession I am SAP consultant .... recession in IT industry lead me to market....  ..just kidding...
..Amol
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #55 Posted: Fri Feb 03, 2012 9:36 am Post subject: |
|
|
Hi friends,,,
Today's likely gap up cases ..
1.) syndibank
2.) coalindia
Please take your own call.. SL high..
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #56 Posted: Fri Feb 03, 2012 10:28 am Post subject: |
|
|
| sumesh_sol wrote: | Hi friends,,,
Today's likely gap up cases ..
1.) syndibank
2.) coalindia
Please take your own call.. SL high.. |
May cosider OIL also for gapup..
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #57 Posted: Thu Feb 09, 2012 3:33 pm Post subject: Re: LOVABLE |
|
|
| sumesh_sol wrote: | LOVABLE...eod
============
Multiple BOs in eod chart... |
Posted on a week ago... Lovable 400 to 447, I booked out fully today, though it still has some more steam left..
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #58 Posted: Thu Feb 09, 2012 4:13 pm Post subject: Re: LOVABLE |
|
|
| sumesh_sol wrote: | | sumesh_sol wrote: | LOVABLE...eod
============
Multiple BOs in eod chart... |
Posted on a week ago... Lovable 400 to 447, I booked out fully today, though it still has some more steam left.. |
Hi Sumesh,
Had gone thru this lovable lingerie but didnt apply myself correclty. Wat confuses me is wether the BB theory is for intraday or it can be applied for say short term. If so, pl. clarify me
Vishy
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #59 Posted: Thu Feb 09, 2012 7:56 pm Post subject: Re: LOVABLE |
|
|
[quote="vishyvaranasi"] | sumesh_sol wrote: | Wat confuses me is wether the BB theory is for intraday or it can be applied for say short term. If so, pl. clarify me
Vishy |
Hi Vishy, I have confirmed with svkum sir, and as per him this strategy can be applied with same settings on eod also.
Also, like I said earlier if such bb breakout is supported by other pattern like C&H, H&S or simple Trendline Breakout, then it becomes even more powerful.
Regards,
Sumesh
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #60 Posted: Thu Feb 09, 2012 8:38 pm Post subject: BIOCON |
|
|
BIOCON..eod
===============
BB Breakout Already happened out 3rd Feb, but today there was a candle close above Resistance Zone, so just ride on possible momentum with sma 10 as SL of eod basis. MACD also favoring long.
| Description: |
|
| Filesize: |
24.01 KB |
| Viewed: |
529 Time(s) |
|
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
