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Swing Trading : The Speculator way |
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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Post: #1666  Posted: Thu May 10, 2012 11:29 am Post subject: |
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| Arjun20 wrote: | | sonila wrote: | | Arjun, amigo, for this long at 5032,what sl should be kept ?4954.95 or sthg else like low of breakout green candle at 9.30 am? |
Sonila, Amigo...will be back in few minutes...
Sonila , u overlooked one point...try to identify...  |
ARJUN,
Plz tell where i m missing.....
I tried to find, but failed....
Thanx. |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1667 Posted: Thu May 10, 2012 11:39 am Post subject: |
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| anand1234 wrote: | hi...........arjun
today's up move for doller deprisiation...........means increased rupee value?........or some other reason??..............shd it continue ??.........or for today??................pls reply
thanks
anand |
Sorry Anandbhai.....i am not qualified to comment upon that.
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1668 Posted: Thu May 10, 2012 11:42 am Post subject: |
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| Amigo wrote: | | sonila wrote: | | Arjun, amigo, for this long at 5032,what sl should be kept ?4954.95 or sthg else like low of breakout green candle at 9.30 am? |
As per this great system stoploss order to be placed only below/abv the USP/DSP.. |
Amigo,as per my understanding, in today's case Stop is 4980.1 |
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1669 Posted: Thu May 10, 2012 11:59 am Post subject: |
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| Arjun i think i am missing something...kindly explain with chart.. |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1670 Posted: Thu May 10, 2012 12:00 pm Post subject: |
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| sonila wrote: |
ARJUN,
Plz tell where i m missing.....
I tried to find, but failed....
Thanx. |
Sonila, i would not say you were wrong in entering Longs @5032. Time will decide outcome. But prior jumping into trade you should have thought over few more things. Today you may succeed in your Longs ( and i pray for the same), but make it a habbit to check other things before jumping into trade immediately after breach of pivot.
Did u thought over Stop ?
Your post inquiring Stop was after your post stating Entry.
If you spotted 4954.95 as inital stop- was that correct ? If suppose it was correct, did u analyse whether it fits your risk apetite or not ?
Even if correct stop as per my understanding is 4980.1 i.e. reversal candle low, it was 52 odd points.Were you comfortbale with that Stop.
Though not mandatory to look at 30TF, it was still showing down trend. And
until today we were in downtrend from 5250 odd levels.
This does not mean that you should refrain from taking Longs. Read following Spec sir's quote -
| Quote: | | Stop loss should be below the reversal candle. If the candle is too big and requires a very big stop loss which does not suit your risk tolerance, don't take the trade. It's not the end of the world. In such cases, wait for a pullback to 34 ema and rejection to enter. |
Either there will be price correction or Time correction and price will meet 34EMA. I personally will wait for that instance to analyse set up again and think over entry probabilities.
Alternatively u can venture upon valid rejection on 5min TF .
Hope i am clear....
Last edited by Arjun20 on Thu May 10, 2012 12:07 pm; edited 1 time in total |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1671 Posted: Thu May 10, 2012 12:03 pm Post subject: |
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| Amigo wrote: | | Arjun i think i am missing something...kindly explain with chart.. |
Please go thru SSPS doc again. See charts with markings of Stop which Spec sir fad given. He illustrated stops for upside as well down side reversals with examples. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1672 Posted: Thu May 10, 2012 12:12 pm Post subject: |
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| thnx ARJUN for the clear explanation. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #1673 Posted: Thu May 10, 2012 1:45 pm Post subject: |
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| sonila wrote: | VINST SIR,
I have 1 doubt,the original strategy,posted by speculator sir,says to follow 15-min tf. But u r telling to follow 30-min tf. I m confused. Plz clarify.
Thnx. |
sonila,
choice of timeframe is up to the used. Spec gave us a method. He has shown enough examples of 5min, 15mmin, 30min, 60min, daily, weekly.. 
what more one can ask  |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #1674 Posted: Thu May 10, 2012 2:59 pm Post subject: |
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Hi Arjun,
Are you keeping the stoploss at the candle low which has caused the reversal ? as Spec sir told that upside reversals are mostly "V" shaped.. ?
I dont have charts as of now so i am not sure about 4980 as stoploss |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1675 Posted: Thu May 10, 2012 3:24 pm Post subject: |
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| Both sl i.e, 4955 and 4980 are today triggered for the long made at 5032. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1676 Posted: Thu May 10, 2012 3:37 pm Post subject: |
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| I request speculator or shekharinvest to give some analysis w.r.t. Ssps method. |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1677 Posted: Thu May 10, 2012 4:03 pm Post subject: |
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| traderindian wrote: | Hi Arjun,
Are you keeping the stoploss at the candle low which has caused the reversal ? as Spec sir told that upside reversals are mostly "V" shaped.. ?
I dont have charts as of now so i am not sure about 4980 as stoploss |
TI , yes
But i did not entered because of earlier mentioned concerns. So theoritically, 4980 was Stop. |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1678 Posted: Thu May 10, 2012 4:12 pm Post subject: |
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| sonila wrote: | | Both sl i.e, 4955 and 4980 are today triggered for the long made at 5032. |
had u taken long on 5 min tf or 15 min tf if its 15 min tf there was not long as per this system.
regds, |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1679 Posted: Thu May 10, 2012 4:27 pm Post subject: |
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| Sherbaaz, i m referring to 15-min tf only, according to which,last dsp was 5024, which was today taken out in 9.30am candle,also price was above 34-ema, this was a clear trend change and clear long set up, but u r telling there was no long....where i m wrong, plz explain so that i can get a clear idea. Thnx. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1680 Posted: Thu May 10, 2012 5:04 pm Post subject: |
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@ sonila, pl go through the basic methodology once again..spec sir has clearly stated..he is fan of rejection entry..  (& not pivot break entry.)..so.in 15tf..yes the dsp was taken out..but that was risky entry..so rejection was awaited which never came(neither 34 touch & bounce nor rsi os & getting reverse) as shown in box area..hence no long was initiated, hence no SL..hope, i am able to clear.. |
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