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Swing Trading : The Speculator way |
Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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Post: #1381  Posted: Thu Mar 01, 2012 11:22 am Post subject: RE |
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amit0666,
Same rejection rules, this rsi5 is small filter for 5TF.For dwnside rej RSI5 should be in OB zone! Hope u know the rej rules( candle should close below previous candle's low,below 34ema & below 8ema)
Jai
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amit0666
White Belt
Joined: 23 Jun 2010
Posts: 86
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| Post: #1382 Posted: Thu Mar 01, 2012 11:28 am Post subject: Re: RE |
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| Jaii wrote: | amit0666,
Same rejection rules, this rsi5 is small filter for 5TF.For dwnside rej RSI5 should be in OB zone! Hope u know the rej rules( candle should close below previous candle's low,below 34ema & below 8ema)
Jai |
but sir when you enter in short trade 5464 on 5 min time frame rsi 5 is o/s on rejuction candle
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1383 Posted: Thu Mar 01, 2012 11:28 am Post subject: Re |
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nsk,
Price hs moved nearly 100 points from ystrday's 5Tf rej,so i'm booking 80% and will add at 5/15Tf rej..... nd ys waiting for new low! 
Jai
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #1384 Posted: Thu Mar 01, 2012 11:30 am Post subject: Re: RE |
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| amit0666 wrote: | | Jaii wrote: | amit0666,
Same rejection rules, this rsi5 is small filter for 5TF.For dwnside rej RSI5 should be in OB zone! Hope u know the rej rules( candle should close below previous candle's low,below 34ema & below 8ema)
Jai |
but sir when you enter in short trade 5464 on 5 min time frame rsi 5 is o/s on rejuction candle |
this was jai sir's post @ 2.00 yesday
( As usual my short entry based on 5Tf rej- 10.50-10.55 short sell trigrd below 5464.ystrady we got one rej @5TF 14.45-14.50 candle-but price didnt move below rej candle so no entry ystrday)
sorry to intervene
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amit0666
White Belt
Joined: 23 Jun 2010
Posts: 86
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| Post: #1385 Posted: Thu Mar 01, 2012 11:36 am Post subject: Re: RE |
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| nsk1371 wrote: | | amit0666 wrote: | | Jaii wrote: | amit0666,
Same rejection rules, this rsi5 is small filter for 5TF.For dwnside rej RSI5 should be in OB zone! Hope u know the rej rules( candle should close below previous candle's low,below 34ema & below 8ema)
Jai |
but sir when you enter in short trade 5464 on 5 min time frame rsi 5 is o/s on rejuction candle |
this was jai sir's post @ 2.00 yesday
( As usual my short entry based on 5Tf rej- 10.50-10.55 short sell trigrd below 5464.ystrady we got one rej @5TF 14.45-14.50 candle-but price didnt move below rej candle so no entry ystrday)
sorry to intervene |
dear nsk sir my quiry witch rejuction candle we consider for trade rsi is one more filter for avoid whispaws i just understand this i am very new on this topic and in learning process need help from all of my seniers
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1386 Posted: Thu Mar 01, 2012 11:37 am Post subject: |
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Hi Jai,
Kindly find an attached chart of 5M mini nifty I have marked the dsp on chart at that point both RSI(5)OB and price also above ema. If I have understood you correctly both the conditions have to be satisfied.
Yday high was a new rejection still not converted in pivot. At this point both RSI(5) and EMA conditions are met. We can carry the trade to next day as both 5M and 15M tf trend is down.
Kindly comment and correct.
Regards,
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370 Time(s) |
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #1387 Posted: Thu Mar 01, 2012 11:52 am Post subject: |
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| 5tf. nifty-1m rejection confirmed .. low of 11.50 candle is 5371.10... now v can short blw low with sl of 5397+( recent swing hi and also the rej candle hi).. plz. correct seniors..
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1388 Posted: Thu Mar 01, 2012 11:59 am Post subject: Re |
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Sher,
Ys..........  ! Suppose, nxt day if market open above our SL, just wait first 5Tf candle to close & exit once high/low crosed! again we hav to wait for nxt rej......
Jai
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1389 Posted: Thu Mar 01, 2012 12:00 pm Post subject: Re: Re |
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| Jaii wrote: | Sher,
Ys.......... ! Suppose, nxt day if market open above our SL, just wait first 5Tf candle to close & exit once high/low crosed! again we hav to wait for nxt rej......
Jai |
thanks a lot for the reply
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #1390 Posted: Thu Mar 01, 2012 12:20 pm Post subject: Re: Re |
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| Jaii wrote: | KL,
NF 5TF uptrend??????(pls read my rep to nsk & even i've replied u ystrday abt the imp of RSI5 in 5TF. Anyway it's yr choice, u can take or leave this RSI )
(BNF.........5TF 10660 based on RSI5)
Jai |
Agreed 
Will be cautious from now on
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #1391 Posted: Thu Mar 01, 2012 12:25 pm Post subject: |
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Jai,
I wanted to ask you one important question.. often we see that spot and future charts give different pictures. You restrict yourself to future charts without the botheration of what spot tells us?
Cheers
Kiran
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1392 Posted: Thu Mar 01, 2012 12:48 pm Post subject: re |
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KL,
I didnt backtest NS, so no idea!!!! But sometimes i use it for TSL(5TF).Like silver i trade silvermini, but will track silver & silvermic pivots.....
Jai
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #1393 Posted: Thu Mar 01, 2012 1:24 pm Post subject: |
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hi. is this DSP 5449 15 TF valid or is it still 5515.95? asking cause 5449 touched but unable to cross 34 EMA as well as no sup from RSI5 as it's below 50. regards
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #1394 Posted: Thu Mar 01, 2012 1:33 pm Post subject: Re: re |
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| Jaii wrote: | KL,
I didnt backtest NS, so no idea!!!! But sometimes i use it for TSL(5TF).Like silver i trade silvermini, but will track silver & silvermic pivots.....
Jai |
Thanks Jai for showing patience while answering my queries
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1395 Posted: Thu Mar 01, 2012 2:25 pm Post subject: |
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hi new dsp mininifty 5M 5396.40. kindly confirm.
regds,
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