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Swing Trading : The Speculator way |
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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Post: #1456  Posted: Wed Mar 07, 2012 6:17 pm Post subject: |
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smart
i think difference is due to the data processing.
rgds
ravee
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1457 Posted: Wed Mar 07, 2012 6:39 pm Post subject: |
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raveeji, the earlier chart was of 5tf..the 15tf is here..yes , seems to be some data problem..as discussed with you in mrng..in icharts..the rsi reading went to 70+..as is shown in screenshot attached..
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Last edited by smartcancerian on Wed Mar 07, 2012 6:53 pm; edited 1 time in total |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1458 Posted: Wed Mar 07, 2012 6:47 pm Post subject: |
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[quote="smartcancerian"]raveeji, the earlier chart was of 5tf..the 15tf is here..yes , seems to be some data problem..as discussed with you in mrng..in icharts..the rsi reading went to 70+..as is shown in screenshot attached..
trade what is visible to you. i think it will only help.
rgds
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #1459 Posted: Wed Mar 07, 2012 7:09 pm Post subject: |
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Dear Jai,
Just backtesting and checking a few things.. so it made me ask you the following question:
regarding TSL, you said you wait until a properly formed swing pivot is hit in the 5tf before taking out all the positions. That's nice.
But i would like to ask you would you consider TSL method (in your trading) suggested by Spec sir (TSL method that says add 0.5 ATR to the newly formed low once 1:1 is achieved) if that hit occurs before new swing pivot is formed in 5tf?
Thanks so much as always
Gratitude
Kiran
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1460 Posted: Wed Mar 07, 2012 11:41 pm Post subject: RE |
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KL,
I've backtested this 5Tf pivot for my silver trading! (Coz mostly 15Tf pivot should be 1000 to 2000 points difrent from low/high) And started using to NF/stock also.....! When i started using this 5TF, spec sir didnt updated ATR based TSL  ! For me, this 5Tf s very simple to follow, so i've adopted it!
Pls let us to know yr backtesting results!
Jai
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bagurn
White Belt
Joined: 05 Jan 2011
Posts: 5
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| Post: #1461 Posted: Thu Mar 08, 2012 9:54 am Post subject: |
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All,
Is the new NF 15Min DSP @ 5427 ? Please confirm. Can somebody post the 15 min chart with DSP marked for this down swing..That would help. Thanks.
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #1462 Posted: Thu Mar 08, 2012 1:50 pm Post subject: |
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mnf 15min new dsp
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techtrader2
White Belt
Joined: 20 Dec 2011
Posts: 99
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| Post: #1463 Posted: Thu Mar 08, 2012 7:27 pm Post subject: backtesting nifty |
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| Hi I am new to this method...has anybody done any backtesting on this for nifty? could you kindly post results
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1464 Posted: Fri Mar 09, 2012 9:52 am Post subject: |
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Seniors, how to handle these huge gaps? As today nifty opened way up from the reversal point. Now should we wait for the rejection for long entry? Kindly guide.
Regards
Amigo
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1465 Posted: Fri Mar 09, 2012 9:57 am Post subject: |
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| gap up opening..nf dsp taken out..now in uptrend with usp at 5201..odds..not sure abt..what if shorts were held..squraring off shall be done just at the open or wait for some first 5tf/15tf candle to close & then square above that..
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1466 Posted: Fri Mar 09, 2012 10:20 am Post subject: |
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| Amigo wrote: | Seniors, how to handle these huge gaps? As today nifty opened way up from the reversal point. Now should we wait for the rejection for long entry? Kindly guide.
Regards
Amigo |
yes u have to wait for the rejection entry to go long only.
regds,
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1467 Posted: Fri Mar 09, 2012 10:52 am Post subject: |
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| sherbaaz, what abt.. SQUARING OFF..??/
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1468 Posted: Fri Mar 09, 2012 11:03 am Post subject: |
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| smartcancerian wrote: | | sherbaaz, what abt.. SQUARING OFF..??/ |
you should have placed the sl 0.5 atr above the high of first 5M candle if hit position is closed if not keep trrailing it on 5M .
regds,
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #1469 Posted: Fri Mar 09, 2012 11:52 am Post subject: |
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| bank nifty-1m, 5and 15tf in up trend usp 10003.. nifty-1m 15tf.and 5tf usp 5201..
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rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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| Post: #1470 Posted: Fri Mar 09, 2012 12:03 pm Post subject: |
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| Amigo wrote: | Seniors, how to handle these huge gaps? As today nifty opened way up from the reversal point. Now should we wait for the rejection for long entry? Kindly guide.
Regards
Amigo |
You can probably combine the Greater Fool Zone theory with this. See attached chart.
Price is known to retrace upto 15ema on 30 min tf after reentering the envelope. On strong trends ; there maybe a time correction where ema catches up with price.
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