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Swing Trading by Gann Methodology |
Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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Post: #646  Posted: Mon Apr 22, 2013 11:33 am Post subject: |
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RR Sir
Good Morning... If there is an update on ONGC please let us know.
Many Thanks
Warm Regards
JT |
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rameshraja
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| Post: #647 Posted: Mon Apr 22, 2013 2:07 pm Post subject: |
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Mr JT
For ONGC given SL continues and if there is a change I will let you know here. |
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rameshraja
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| Post: #648 Posted: Mon Apr 22, 2013 2:08 pm Post subject: |
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ICICI Bank Board Meeting is on 26th April, 2013 to consider Accounts.
Before that book profit in ICICI long and exit.. We will decide about initiating further trades after the result. |
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Just Trade
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| Post: #649 Posted: Mon Apr 22, 2013 2:29 pm Post subject: |
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Many Thanks Sir
JT
| rameshraja wrote: | Mr JT
For ONGC given SL continues and if there is a change I will let you know here. |
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rameshraja
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| Post: #650 Posted: Mon Apr 22, 2013 3:28 pm Post subject: |
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ICICI Bank hit TGT I of 1155..  |
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vshankar
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Joined: 30 Nov 2012
Posts: 49
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| Post: #651 Posted: Mon Apr 22, 2013 4:42 pm Post subject: |
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Wah Ustaad Wah
There is no one like u in this forum.......
Last edited by vshankar on Mon Apr 22, 2013 10:22 pm; edited 1 time in total |
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chetan83
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Joined: 19 Feb 2010
Posts: 2036
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| Post: #652 Posted: Mon Apr 22, 2013 9:36 pm Post subject: |
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| vshankar wrote: | Wah Ustaad Wah
There is one like u in this forum....... |
Who is the other one  |
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vshankar
White Belt
Joined: 30 Nov 2012
Posts: 49
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| Post: #653 Posted: Mon Apr 22, 2013 10:28 pm Post subject: |
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| chetan83 wrote: | | vshankar wrote: | Wah Ustaad Wah
There is one like u in this forum....... |
Who is the other one |
Chetan bhai it was a typo error. I just wanted to say that there is no one like RR Sir in this forum |
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rameshraja
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Joined: 24 Nov 2006
Posts: 1121
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| Post: #654 Posted: Tue Apr 23, 2013 7:52 am Post subject: |
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SUNTV and ZEEL Short Stops were triggered and both have become long now.
Look Back of Short trades of SUNTV and ZEEL:
SUNTV fell by around 9.80% from midpoint of short level, but missed to achieve target.
ZEEL fell by 6% from midpoint of short level, but this also missed the target.
The short stops became vulnerable when overall market turned very bullish and broader market started movingup with huge momentum.
C T R |
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rameshraja
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| Post: #655 Posted: Tue Apr 23, 2013 8:06 am Post subject: |
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Hind Petro Future:
Buy Hind Petro Future above 317 with Stop at 298 EOD close. TGT 420 - 465
SUNTV Future:
Buy SUNTV on pullback around 398 with Stop at 378. TGT 455 - 500.
ZEEL Future:
Buy ZEEL above 218 with Stop at 204 EOD close. TGT 270 - 300
Note:
Though SUNTV has come into long trade, I am not very comfortable with long trade looking from overall chart pattern. However, I don't want to question Gann methodology and therefore I would like to takeup trade in cash market with my risk capacity and would shun in Future segment.
C T RAMESH RAJA |
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rameshraja
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Joined: 24 Nov 2006
Posts: 1121
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| Post: #656 Posted: Tue Apr 23, 2013 8:24 am Post subject: |
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Keep this in Mind:
" Sell in May and Go away " is an old saw of stock Market. The meaning of this, Sell your holding on May 1 and stay away from market till October end.
This appears to have worked historically and markets globally have underperformed in this six months. No one knows the reason for this seasonal underperformance and therefore be careful while taking long position in market.
Trusting the above adage, Be careful in trading while going long and be light in your Buy position.
Best Wishes
C T RAMESH RAJA |
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starscream
White Belt
Joined: 26 Nov 2012
Posts: 61
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| Post: #657 Posted: Tue Apr 23, 2013 9:07 am Post subject: buy or sell validation |
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can you explain what is the buy or sell validation?
thanks. |
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sanju777
White Belt
Joined: 13 Jun 2011
Posts: 87
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| Post: #658 Posted: Tue Apr 23, 2013 9:56 am Post subject: Re: buy or sell validation |
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| starscream wrote: | can you explain what is the buy or sell validation?
thanks. |
23/04/2013
Quote....
" Again and again I am repeating the Trading rule..
When Buy signal is generated, wait for that signal bar high to be crossed for Validation.
When sell signal is generated, wait for that signal bar low to be breached for Validation.
Once that is satisfied, initiate long / short at Entry level or at midpoint between entry and SL level and look for targets given. "...
Unquote....By RR Sir
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #659 Posted: Tue Apr 23, 2013 10:00 am Post subject: |
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| rameshraja wrote: | Keep this in Mind:
" Sell in May and Go away " is an old saw of stock Market. The meaning of this, Sell your holding on May 1 and stay away from market till October end.
This appears to have worked historically and markets globally have underperformed in this six months. No one knows the reason for this seasonal underperformance and therefore be careful while taking long position in market.
Trusting the above adage, Be careful in trading while going long and be light in your Buy position.
Best Wishes
C T RAMESH RAJA |
very true Mr Raja, but market has behaved diferently this year and I wonder why.
Last edited by vinay28 on Tue Apr 23, 2013 3:48 pm; edited 1 time in total |
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rameshraja
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Joined: 24 Nov 2006
Posts: 1121
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| Post: #660 Posted: Tue Apr 23, 2013 3:12 pm Post subject: |
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| ONGC took support closer to Midpoint level of entry and SL and moved to 327. |
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