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Swing Trading : The Speculator way |
prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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Post: #1486  Posted: Mon Mar 12, 2012 9:34 am Post subject: |
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| rvg wrote: | | 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. |
Thanks rgv for the good interpretation of a good concept.
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #1487 Posted: Mon Mar 12, 2012 10:19 am Post subject: |
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| sherbaaz wrote: | There is an issue of how data is shown on chart. TT charts are not continuous charts in futures Where as icharts charts are continuous charts. Due to this the calculation differ marginally. But it creates big trouble at critical place like the one we are discussing.
This is the prime reason why TT is not showing RSI ( such things happened in TT either it shows 34 EMA rejection which has actually not happened or rsi ob/os which has actually not happened) ob where as I think i icharts its 70.63, which is OB.
Now the Q is which one to take. Technically icharts continuous chart is right. As its more logical as per my understanding. Due to candles/data being shown on continuous basis. So there will be no break.
I think as per icharts charts we are in up trend.
Regards, |
This is high end quality chart, you can check here too Relative Strength Index @ 70.4647.
Regards, hasten
Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.
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Arjun20
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Joined: 23 Jun 2011
Posts: 945
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| Post: #1488 Posted: Mon Mar 12, 2012 10:26 am Post subject: |
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On ANgel ODIN terminal also it was 70.82
So clear majority is in favour of RSI>70
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peace69
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Joined: 27 Aug 2009
Posts: 113
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| Post: #1489 Posted: Mon Mar 12, 2012 2:27 pm Post subject: |
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| 15 TF USP change from 5201 to 5345.3? is it valid 34 EMA rej?
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1490 Posted: Mon Mar 12, 2012 3:02 pm Post subject: |
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| peace69 wrote: | | 15 TF USP change from 5201 to 5345.3? is it valid 34 EMA rej? |
No, the USP still same 5201 as this rejection has yet not made a new recovery high.
rejection is valid. wait for new recovery high for USP.
regds,
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #1491 Posted: Mon Mar 12, 2012 3:03 pm Post subject: |
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| sherbaaz wrote: | | peace69 wrote: | | 15 TF USP change from 5201 to 5345.3? is it valid 34 EMA rej? |
No, the USP still same 5201 as this rejection has yet not made a new recovery high.
rejection is valid. wait for new recovery high for USP.
regds, |
get it, sherbaaz. ty. 
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #1492 Posted: Tue Mar 13, 2012 9:23 am Post subject: Nifty Pivot |
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-Jai
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Amigo
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Joined: 17 Jun 2011
Posts: 223
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| Post: #1493 Posted: Tue Mar 13, 2012 2:19 pm Post subject: |
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deleted...
Last edited by Amigo on Wed Mar 14, 2012 12:24 pm; edited 1 time in total |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1494 Posted: Tue Mar 13, 2012 5:47 pm Post subject: |
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ok..post deleted
Last edited by smartcancerian on Tue Mar 13, 2012 6:02 pm; edited 1 time in total |
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1495 Posted: Tue Mar 13, 2012 6:00 pm Post subject: RE |
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Smart,
Better we STOP discuss abt 5TF here, it's creating lot of confussion to Newcomers....... (it's 5450)
Jai
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #1496 Posted: Tue Mar 13, 2012 6:04 pm Post subject: re |
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Amigo,
SAR? you mean Stop And Reverse?
If ys then "No".... this system is not kind of SAR, once you've exited from yr prev pos based on TSL rules, then u must wait for Rejection for re-enter.
Jai
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1497 Posted: Wed Mar 14, 2012 12:22 pm Post subject: Re: re |
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| Jaii wrote: | Amigo,
SAR? you mean Stop And Reverse?
If ys then "No".... this system is not kind of SAR, once you've exited from yr prev pos based on TSL rules, then u must wait for Rejection for re-enter.
Jai |
Sorry Jai sir, it was a typo.. i wanted to type TSL only.i realised my mistake just now ,after reading ur post.. extremely sorry for creating confusion by this . i will delete the post so that newbies are not misguided.
Regards
Amigo
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amit0666
White Belt
Joined: 23 Jun 2010
Posts: 86
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| Post: #1498 Posted: Wed Mar 14, 2012 1:12 pm Post subject: |
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dear jai sir
is that a buy on 5 min tf rejuction plz guide me in nf
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #1499 Posted: Thu Mar 15, 2012 12:10 pm Post subject: |
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| NifFut USP 15 TF 5345.3 & 30 TF still 5201.....?
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #1500 Posted: Thu Mar 15, 2012 12:29 pm Post subject: |
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| peace69 wrote: | | NifFut USP 15 TF 5345.3 & 30 TF still 5201.....? |
ys sir. 5tf dsp 5542
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