| View previous topic :: View next topic |
| Author |
Swing Trading : The Speculator way |
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
Post: #136  Posted: Thu Apr 15, 2010 4:12 pm Post subject: |
 |
|
Hi,
SBIN, LT had started down swing on previous day. Today shorted both on rejection.
Charts posted below.
SHEKHAR
| Description: |
|
| Filesize: |
18.92 KB |
| Viewed: |
612 Time(s) |
|
| Description: |
|
| Filesize: |
14.31 KB |
| Viewed: |
611 Time(s) |
|
|
|
| Back to top |
|
 |
|
|
|
ashis
White Belt
Joined: 28 Mar 2010
Posts: 75
|
| Post: #137 Posted: Fri Apr 16, 2010 6:47 am Post subject: |
|
|
Dear sir
In chart you indiacate short on immediately at 34-ema. How did you decide this? You analysis is perfact but guide.
Also guide how to decide swing pivot?
Some time we indicate swing low / high and some time we consider this high / low as swing pivot.
Please guide
Regards
Ashis
| shekharinvest wrote: | Hi,
SBIN, LT had started down swing on previous day. Today shorted both on rejection.
Charts posted below.
SHEKHAR |
|
|
| Back to top |
|
|
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
| Post: #138 Posted: Fri Apr 16, 2010 8:53 am Post subject: |
|
|
| ashis wrote: | Dear sir
In chart you indiacate short on immediately at 34-ema. How did you decide this? Regards
Ashis |
Ashis
Pls see my earlier post of April 13, wherein I had shown that the SBIN had breached the Swing Pivot at 2080.05, but I did not shorted because of higher SL which was not afforadable to me, but that was the only legitimate entry. So I did the second best thing as soon as price got rejected from 34, I shorted with lower SL at 2114.5 and the entry was also a bit closer to SL @2095-94.
For rest of your queries you need to go thru the strategy documented by Speculator and posted in the begining of this thread. Also pls go thru various posts from the begining, Speculator has explained various aspects of the strategy beautifuly and it will help you understand better.
Hope you will find it helpful.
SHEKHAR
|
|
| Back to top |
|
|
ashis
White Belt
Joined: 28 Mar 2010
Posts: 75
|
| Post: #139 Posted: Sat Apr 17, 2010 10:35 am Post subject: |
|
|
Thanks for guideline sir,
| shekharinvest wrote: | | ashis wrote: | Dear sir
In chart you indiacate short on immediately at 34-ema. How did you decide this? Regards
Ashis |
Ashis
Pls see my earlier post of April 13, wherein I had shown that the SBIN had breached the Swing Pivot at 2080.05, but I did not shorted because of higher SL which was not afforadable to me, but that was the only legitimate entry. So I did the second best thing as soon as price got rejected from 34, I shorted with lower SL at 2114.5 and the entry was also a bit closer to SL @2095-94.
For rest of your queries you need to go thru the strategy documented by Speculator and posted in the begining of this thread. Also pls go thru various posts from the begining, Speculator has explained various aspects of the strategy beautifuly and it will help you understand better.
Hope you will find it helpful.
SHEKHAR |
|
|
| Back to top |
|
|
smsmss
White Belt
Joined: 13 Oct 2009
Posts: 123
|
| Post: #140 Posted: Mon Apr 19, 2010 8:00 pm Post subject: |
|
|
The Swing Pivot just broke today. Now Lets see where Nifty is headed.   . Spec if u get time from your busy schedule then plz throw some light on the current scenario.
|
|
| Back to top |
|
|
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
|
| Post: #141 Posted: Tue Apr 20, 2010 3:47 pm Post subject: |
|
|
Hi,
Today shorted on rejection, but covered in the end, at cost/minimal loss, as there was no follow thru.
SHEKHAR
| Description: |
|
| Filesize: |
20.06 KB |
| Viewed: |
620 Time(s) |
|
|
|
| Back to top |
|
|
rhtbaweja
White Belt
Joined: 19 Jan 2010
Posts: 30
|
| Post: #142 Posted: Tue Apr 20, 2010 5:06 pm Post subject: head and shoulder pattern in gold |
|
|
head and shoulder pattern in gold , Is it right . please confirm it .
regards
Rohit.....
|
|
| Back to top |
|
|
smsmss
White Belt
Joined: 13 Oct 2009
Posts: 123
|
| Post: #143 Posted: Wed Apr 21, 2010 11:15 pm Post subject: |
|
|
| Rohit Baweja, kindly remove your post from this thread, as it is not related to the topic.
|
|
| Back to top |
|
|
sandew
White Belt
Joined: 02 Feb 2009
Posts: 174
|
| Post: #144 Posted: Fri Apr 23, 2010 9:24 pm Post subject: |
|
|
Deleted to avoid clutter
Last edited by sandew on Mon May 03, 2010 9:48 am; edited 1 time in total |
|
| Back to top |
|
|
Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
|
| Post: #145 Posted: Tue Apr 27, 2010 8:51 pm Post subject: |
|
|
The downswing pivot is currently at 5371. So technically we are in a downtrend. However it does not take much to reverse that trend. A quick 70 point upmove can reverse that trend. 5217 is the key support here, which was the high volume candle of April 22. Until we break above 5371 or break below 5217, there will not be any follow through on any moves.
We are exactly at the midpoint of the swing pivot and ket support as of today's close. The best strategy in these kind of situations is to take a intraday trade and convert it to swing trade, if either the pivot or key support breaks. Otherwise just close it as a intraday trade. It will be frustrating action, until we are stuck in this range.
Good luck
- Speculator
| Description: |
|
| Filesize: |
49.13 KB |
| Viewed: |
794 Time(s) |
|
|
|
| Back to top |
|
|
kingrahman
White Belt
Joined: 20 Feb 2009
Posts: 5
|
| Post: #146 Posted: Fri Apr 30, 2010 11:57 pm Post subject: swing pivot |
|
|
| hi spec can you guide me to the main thread ,thanks
|
|
| Back to top |
|
|
smsmss
White Belt
Joined: 13 Oct 2009
Posts: 123
|
| Post: #147 Posted: Mon May 03, 2010 12:13 pm Post subject: |
|
|
| Thanxxx Spec for your valuable insights.
|
|
| Back to top |
|
|
Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
|
| Post: #148 Posted: Tue May 11, 2010 9:07 am Post subject: |
|
|
Quick update. Yesterday we broke above the downswing pivot at NF 5131. That puts us in an uptrend now. The upswing pivot is now NF 4976. If one is not already long, pullbacks should be used to get long using rejections from 34 ema. Many stocks broke thru their swing pivots as well - ICICI, Hindalco, TataSteel....many more. Watch for pullback on those stocks to get in.
| Description: |
|
| Filesize: |
22.47 KB |
| Viewed: |
675 Time(s) |
|
|
|
| Back to top |
|
|
Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
|
| Post: #149 Posted: Fri May 14, 2010 9:10 am Post subject: |
|
|
With the new recovery highs yesterday, swing pivot moves to 5088. We made only a marginal recovery high and got overbought on the Stochastic shown in the chart. 5088 is a must hold on this pullback. The Stochastic is not yet oversold. If the Stochastic gets oversold and turns up, and the price holds the 5088 pivot, then we should get another leg up. Otherwise we would be back to downtrending mode again.
- Speculator
| Description: |
|
| Filesize: |
45.75 KB |
| Viewed: |
650 Time(s) |
|
|
|
| Back to top |
|
|
Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
|
| Post: #150 Posted: Fri May 14, 2010 6:02 pm Post subject: |
|
|
Quick update. We broke the swing pivot at 5088, which is a very negative development. We are back to downtrending mode again. For swing pivot followers, that was a clear exit signal to close the longs. My sincere advice to anyone here is not to stay in long positions for any reasons whatsoever.
I generally don't like to mix fundamentals with technicals. We are in a environment where not only the technicals are negative, but the fundamentals are extremely dire. I mentioned about the gravity of the European situation a while back in shoutbox, but it was met with laughter. The Euro made fresh lows against dollar today, back to it's pre-intervention lows. So essentially the Euro bailout package failed !. The crash on the S&P 500 last week was a warning to longs big time. There will be plenty of time to position long when we build a proper base to rally from. For now, the right position is to be either short (if you can withstand the volatiltity) or cash. Please don't carry overnight positions in longs, until the dust settles.
-Speculator
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
