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Swing Trading : The Speculator way |
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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Post: #1696  Posted: Wed May 16, 2012 12:30 pm Post subject: |
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Arjun,
at 11.15 candle close....candle closed below 34-3ma....chart attached.
also 2.15 candle closed below 34-ema.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1697 Posted: Wed May 16, 2012 1:10 pm Post subject: |
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| arjun, plz explain..
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1698 Posted: Wed May 16, 2012 3:08 pm Post subject: |
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Sorry Sonila ben for late reply.
OK. As you are aware , on 14th FnO charts miss roughly 6 candles on 15 min charts. But at the same time Nifty index was moving. Means our FnO chart is missing 6 candles. Though there were no trades in NF during those time, but still as name suggest it's derived from Nifty index (which was ticking during that time).
So , personally i will be careful till next 34 candles so that EMA gets align properly.
@11.15 rejection : I personally would have waited for one more candle OR short below Low of 10.45 candle . As u were aware of FnO missing candles. So, if i step down and refer 5TF, it was still above 34EMA and it 'may' give bullish rejection as u know it's not easy to break 34EMA. So i would have waited.
Also i have old quote of Jai bhai, our mentor :
| Quote: | Earlier me too used to enter trade immed once rej happend, later i found SL hitting chances are little high than this one.( enter abv /below rej candle). It's just observation only & not rules.
Now just guide this next candle make new high above rejection candle high 5599 (17th February's rejection candle high) then can we take entry with S/L of 5565 (TSL) or this next candle must close above rejection candle high (5599) ? |
same with 14.15 : in my ODIN, 14.15 Low was 4915.5 and which was not broken y'day.
hope i am clear. Comments welcome.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1699 Posted: Wed May 16, 2012 5:03 pm Post subject: |
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| Arjun,thanx for the explanation.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1700 Posted: Wed May 16, 2012 8:00 pm Post subject: |
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16.may.2012( wed)
Today, I think, we got a valid TYPE-2 fresh short entry ( valid bearish rejection) from 34- ema in 15-min tf at 3.15 pm closing candle, because,
REASON-1/ nf touched 34-ema @ 3.00pm.Then nf gone down, then
3.15pm candle closed below 34-ema.
REASON-2/ 3.15 pm closed below low of prv candle
REASON-3/ 8-ema in 3.15 candle is less than 8-ema in prv cndl
So, i think,it is a valid fresh short entry at 4857 at close of 3.15 candle with sl as 4878.
But, i think, as per strategy,carrying this short position overnight is risky as nf closing is only 3 pts gain.
Seniors, i request, guide me over my analysis.
Thanx.
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #1701 Posted: Wed May 16, 2012 8:43 pm Post subject: hi |
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Dear Arjun and Sonila and all the masters of SSPS,
can we use donchain (34) to get USP AND DSP in 15 tf and 30 tf ?
if someone wants to use microsoft excel in place of charts, how it can be possible to find usp and dsp ?
pls pls guide.
Bharat Patel
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #1702 Posted: Wed May 16, 2012 8:54 pm Post subject: Re: hi |
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| bharatpatel wrote: | Dear Arjun and Sonila and all the masters of SSPS,
can we use donchain (34) to get USP AND DSP in 15 tf and 30 tf ?
if someone wants to use microsoft excel in place of charts, how it can be possible to find usp and dsp ?
pls pls guide.
Bharat Patel |
Bharat
Donchian may be not be helpful to find USP/DSP
However it is possible to find USP DSP in excel but you need huge data and to be little bit tricky
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1703 Posted: Wed May 16, 2012 9:23 pm Post subject: |
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| Bharat, determination of usp,dsp as explained by spec is so simple. So,why complicate things adding donchian channel ?
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #1704 Posted: Wed May 16, 2012 9:25 pm Post subject: hi |
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i have 15 tf data in excel sheet.
then how to use SSPS ?
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1705 Posted: Wed May 16, 2012 11:55 pm Post subject: |
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| sonila wrote: | 16.may.2012( wed)
Today, I think, we got a valid TYPE-2 fresh short entry ( valid bearish rejection) from 34- ema in 15-min tf at 3.15 pm closing candle, because,
REASON-1/ nf touched 34-ema @ 3.00pm.Then nf gone down, then
3.15pm candle closed below 34-ema.
REASON-2/ 3.15 pm closed below low of prv candle
REASON-3/ 8-ema in 3.15 candle is less than 8-ema in prv cndl
So, i think,it is a valid fresh short entry at 4857 at close of 3.15 candle with sl as 4878.
But, i think, as per strategy,carrying this short position overnight is risky as nf closing is only 3 pts gain.
Seniors, i request, guide me over my analysis.
Thanx. |
Hi Sonila,
Gr8 dedication seen after your EMA/PSAR method.......hope so Nifty can continue its uptrend from tomorrow 
Chetan.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1706 Posted: Thu May 17, 2012 8:09 am Post subject: |
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| Thanx chetan. But, i want to know, whether, the bearish rejection, i posted, is correct or not.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1707 Posted: Thu May 17, 2012 8:34 am Post subject: |
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| sonila wrote: | | Thanx chetan. But, i want to know, whether, the bearish rejection, i posted, is correct or not. |
Hi,
Bearish rejection posted is correct, even I was thinking that before breaking yesterdays high nifty should break its low, as then we can again b in uptrend. But today it seems that there would be Gap Up and Nifty would try to break 4870 & 4890. Minimum support is at 4820, below which its a die.
Chetan.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1708 Posted: Thu May 17, 2012 12:13 pm Post subject: |
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| chetan83 wrote: | | sonila wrote: | | Thanx chetan. But, i want to know, whether, the bearish rejection, i posted, is correct or not. |
Hi,
Bearish rejection posted is correct, even I was thinking that before breaking yesterdays high nifty should break its low, as then we can again b in uptrend. But today it seems that there would be Gap Up and Nifty would try to break 4870 & 4890. Minimum support is at 4820, below which its a die.
Chetan. |
4870 & 4890 both broke and Nifty future touched 4922......it should be abv 4870 or else 4830......lets see....I am long by the way
Chetan.
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1709 Posted: Thu May 17, 2012 12:44 pm Post subject: |
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| chetan83 wrote: | | chetan83 wrote: | | sonila wrote: | | Thanx chetan. But, i want to know, whether, the bearish rejection, i posted, is correct or not. |
Hi,
Bearish rejection posted is correct, even I was thinking that before breaking yesterdays high nifty should break its low, as then we can again b in uptrend. But today it seems that there would be Gap Up and Nifty would try to break 4870 & 4890. Minimum support is at 4820, below which its a die.
Chetan. |
4870 & 4890 both broke and Nifty future touched 4922......it should be abv 4870 or else 4830......lets see....I am long by the way
Chetan. |
kindly keep discussion to this method only in this thread your long is not as per this method.
regds,
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1710 Posted: Thu May 17, 2012 12:53 pm Post subject: |
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17.may.2012( thrs) (NF-30min)
Valid TYPE-2 BEARISH REEJECTION happened at 12.30 close candle at 4882.
So fresh short at 4882 at 12.30 with sl 4912
is it correct ????
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