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Swing Trading : The Speculator way |
nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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Post: #1396  Posted: Thu Mar 01, 2012 2:28 pm Post subject: |
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| sherbaaz wrote: | hi new dsp mininifty 5M 5396.40. kindly confirm.
regds, |
how sir? pivots dont change untill a new low is made isnt it?.. previous low is 5326.90.. dsp in all tf's wud change only after this low is taken out. even then the new pivot wud b 5515.80..
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1397 Posted: Thu Mar 01, 2012 2:32 pm Post subject: |
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| nsk1371 wrote: | | sherbaaz wrote: | hi new dsp mininifty 5M 5396.40. kindly confirm.
regds, |
how sir? pivots dont change untill a new low is made isnt it?.. previous low is 5326.90.. dsp in all tf's wud change only after this low is taken out. even then the new pivot wud b 5515.80.. |
sorry my mistake u r right i was not looking at the whole chart.
regds,
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #1398 Posted: Thu Mar 01, 2012 3:53 pm 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 |
hello Jaii. keeping above said rej rule in mind, please give your view if this rej valid on breach of low (5341). here crossed 34 EMA upsd, rev < 34 EMA backed by RSI OB; but not cross/close < 8 EMA. so to be rej, it has to cross/close < 8EMA. if unable to cross/close < 8 EMA & breach rej cndl high, then prev DSP continue. right? kindly correct if any mistake whenever get time. know too much burden u r facing answering such qty of queries. i wonder how u manage to trade & at the same time, giving reply. appreciate efforts doing by u. doing great job guiding trading community. regards
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1400 Posted: Thu Mar 01, 2012 7:07 pm Post subject: Re: RE |
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| peace69 wrote: |
hello Jaii. keeping above said rej rule in mind, please give your view if this rej valid on breach of low (5341). here crossed 34 EMA upsd, rev < 34 EMA backed by RSI OB; but not cross/close < 8 EMA. so to be rej, it has to cross/close < 8EMA. if unable to cross/close < 8 EMA & breach rej cndl high, then prev DSP continue. right? kindly correct if any mistake whenever get time. know too much burden u r facing answering such qty of queries. i wonder how u manage to trade & at the same time, giving reply. appreciate efforts doing by u. doing great job guiding trading community. regards |
Peace, on getting new recovery Low(/High) we get a new DSP(/USP)....Rejection entries in direction of trend has nothing to do with 5341 . U can take rejection entry as sson as u get a valid rejection (Refer study doc for rejection entry rules) On breach of 5326.9 we will get new DSP. 5341 has no relation with prob current rejection entry .
@RSI -If ur price is clearly touching 34EMA IN 15TF then u don't have to see RSI reading.If it's fairly close then u need to see RSI to determine pivot after getting Reco Low(/high)
@8EMA- Is a additional aid.Depnds on u too follow or not...NOT Compulsory.
* ALL WRITTEN ABOVE IS APPLICABLE FOR 15TF ONLY
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1401 Posted: Thu Mar 01, 2012 7:20 pm Post subject: RE |
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Arjun,
I think he was asking abt pivot...... "If we get new low below 5341,then should be today's rej high a valid pivot?"-- that may be his ques, that's y i've expalind Pivot Points.... ..... 
Jai
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1402 Posted: Thu Mar 01, 2012 7:46 pm Post subject: Re: RE |
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| Jaii wrote: | Arjun,
I think he was asking abt pivot...... "If we get new low below 5341,then should be today's rej high a valid pivot?"-- that may be his ques, that's y i've expalind Pivot Points.... .....
Jai |
yes Jai bhai....added my bit just for his info. If Peace already know it, well and good.......Otherwise it's My Home work 
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Nilay
White Belt
Joined: 04 Jul 2011
Posts: 52
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| Post: #1403 Posted: Fri Mar 02, 2012 11:16 am Post subject: |
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Hello Jaii Sir have u kept any trailing SL on ur remaining positions of 4th rejections.
Thanks
nilay
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1404 Posted: Fri Mar 02, 2012 11:55 am Post subject: RE |
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Nilay,
@30TF RSI5 is abv 70 & @ 60 TF closer to 34ema .....waiting for rejection to add !
Jai
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1405 Posted: Fri Mar 02, 2012 12:05 pm Post subject: |
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Jai sir, there are two kinds of money management or say profit taking methods..one is partial booking and other is add on to the initial position.. which one you personally prefer? kindly advise.
Regards
Amigo
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #1406 Posted: Fri Mar 02, 2012 12:22 pm Post subject: |
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BNF - 15mins - uptrend - 10179.5
BNF - 5mins - uptrend - 10268
NF - 15mins - 5563.80 -- downtrend
NF - 5mins - 5563.80 -- downtrend (Jai, correct me if am wrong  )
thanks for guiding us
Regards
Kiran
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Nilay
White Belt
Joined: 04 Jul 2011
Posts: 52
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| Post: #1407 Posted: Fri Mar 02, 2012 12:30 pm Post subject: Re: RE |
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| Jaii wrote: | Nilay,
@30TF RSI5 is abv 70 & @ 60 TF closer to 34ema .....waiting for rejection to add !
Jai |
Jaii sir wll u explain please why u havent taken entry at morning rejection candle with 5409 as sl (previous swing high).I know ur busy in ur work but ur explanation help us a lot.
Thanks
Nilay
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1408 Posted: Fri Mar 02, 2012 12:49 pm Post subject: Re |
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Nilay,
That's the valid rej. But SL is too high & usually i'l book near req low (5326). My avg price would be dead low.....so i didnt.... If higher TF s r in same trend, i'ld like to add abv 70-RSI5! so i'm adding here...... SL r Target.......who knows!!!!!!!!
Jai
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1409 Posted: Fri Mar 02, 2012 1:00 pm Post subject: RE |
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Amigo,
Sorry i'm not expert to explain 
Partially booking is wat i do!!! (provided profits are decent enough to me else Pivot as SL no prob, i'm very small trader but keeping enough capital to face multiple SL- learnt hard way  ) I wish to keep final 20% to hit DSP or USP! will disc later...
Jai
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #1410 Posted: Fri Mar 02, 2012 1:08 pm Post subject: |
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| jai sir, currently rsi5 , nifty 5tf is in oversold, and a rejection is now forming mostly probably.. can v sell here / add shorts..
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