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Swing Trading : The Speculator way |
amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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Post: #1741  Posted: Tue May 29, 2012 8:35 pm Post subject: |
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| kiranlegend wrote: | How to calculate the TSL ?
There are various methods to calculate TSL - Using parabolic SAR, Using Volume pivots, Using Fibonacci levels, Using MA, Using ATR etc
I personally prefer using ATR with a simple technique that i have devised. Here's how it works...
Let's say we are in a long trade. We wait until we reach at least 1:1 risk/reward profitability. At this point, i wait for the candle close. Lookup the value of the indicator ATR (Average true range) on the last candle. Calculate 1/2 ATR i.e 0.5 * ATR. Lets say the candle low was 5200 and the ATR is 24. 1/2 ATR = 12. Subtract 1/2 ATR from the candle low.
Hello guys,
hope all of you are doing well 
just have a question regarding the bolded part of the italics taken from trade management thread written by Spec sir. I would like to know what is the last candle means? if the current candle is still running well past 1:1, and if the current candle formed a new high, we have to consider previous new high candle as last candle right?
Anyone who uses this method please let me know
thanks so much ) |
I am also bit confused "How to use ATR as suggested" |
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nitin.malhotra
White Belt
Joined: 26 Aug 2010
Posts: 6
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| Post: #1742 Posted: Tue May 29, 2012 10:18 pm Post subject: dsp usp in copper |
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seniors pl specify the dsp/usp in 15 min time frame and 30 min time frame for copper and zincmini. thanks
| amitkbaid1008 wrote: | | kiranlegend wrote: | How to calculate the TSL ?
There are various methods to calculate TSL - Using parabolic SAR, Using Volume pivots, Using Fibonacci levels, Using MA, Using ATR etc
I personally prefer using ATR with a simple technique that i have devised. Here's how it works...
Let's say we are in a long trade. We wait until we reach at least 1:1 risk/reward profitability. At this point, i wait for the candle close. Lookup the value of the indicator ATR (Average true range) on the last candle. Calculate 1/2 ATR i.e 0.5 * ATR. Lets say the candle low was 5200 and the ATR is 24. 1/2 ATR = 12. Subtract 1/2 ATR from the candle low.
Hello guys,
hope all of you are doing well
just have a question regarding the bolded part of the italics taken from trade management thread written by Spec sir. I would like to know what is the last candle means? if the current candle is still running well past 1:1, and if the current candle formed a new high, we have to consider previous new high candle as last candle right?
Anyone who uses this method please let me know
thanks so much ) |
I am also bit confused "How to use ATR as suggested" |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1743 Posted: Thu May 31, 2012 10:34 am Post subject: |
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| 15-min usp 4925 taken out, down trend started, new dsp is 5011.30 . But in 30 min, trend is still up with usp as 4783. Is it correct ? |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #1744 Posted: Thu May 31, 2012 11:49 am Post subject: |
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| sonila wrote: | | 15-min usp 4925 taken out, down trend started, new dsp is 5011.30 . But in 30 min, trend is still up with usp as 4783. Is it correct ? |
both TF's correctly assessed. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1745 Posted: Fri Jun 01, 2012 8:35 pm Post subject: |
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New DSP (15tf)...4926...  |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1746 Posted: Sat Jun 02, 2012 10:44 am Post subject: |
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| But smartc, ichart's nf continuous 1-month chart shows, dsp in 15tf as 4950, which is also high of 31 may. So i think dsp should be 4950. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1747 Posted: Sun Jun 03, 2012 2:50 pm Post subject: |
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@ sonila..I can't find 4950..neither in continuous nor expiry charts..even in daily charts..31st May high is 4926 ( in expiry charts 15tf..31 may high is 4930 odds)..expiry chart attached
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1748 Posted: Sun Jun 03, 2012 2:55 pm Post subject: |
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But Nifty SPOT chart is showing 4947 odds high of 31st may..sonila i don't know if you were referring to spot charts...  |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1749 Posted: Sun Jun 03, 2012 5:54 pm Post subject: |
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| Smartc, yes, u r right. New dsp in 15-tf is 4926. Thnx. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1750 Posted: Mon Jun 04, 2012 11:14 am Post subject: |
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vinst,
i think,
30-tf usp 4783 taken out. so, downtrend started with dsp as 5008.
and, 15-tf dsp = 4924
is it correct ??? |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #1751 Posted: Mon Jun 04, 2012 11:25 am Post subject: |
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| sonila wrote: | vinst,
i think,
30-tf usp 4783 taken out. so, downtrend started with dsp as 5008.
and, 15-tf dsp = 4924
is it correct ??? |
I have 30min NF DSP as 5011 (minor data issue, may be).
15 min chart not seen. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #1752 Posted: Mon Jun 04, 2012 9:22 pm Post subject: hi |
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Dear Vinst,
If possible Pls keep posting SSPS nifty fut DSP & USP 15 and 30 Tf levels regularly.
Regards |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1753 Posted: Mon Jun 04, 2012 9:49 pm Post subject: |
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NF-15TF- DSP 4926
NF-30TF- DSP 5008
Last edited by Arjun20 on Wed Jun 06, 2012 10:00 am; edited 1 time in total |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #1754 Posted: Mon Jun 04, 2012 10:23 pm Post subject: hi |
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Dear Arjun,
Though i have developed my own trade set up but i find SSPS much more special. I was studying SSPS thread since 4.30 p.m. then i tried to identify usp dsp and read the post of sonila and vinst so requested him to post regularly so i can practice.
it will be great help if u guys post nifty fut levels and if possible couple of scripts levels regularly. i am going to subscribe icharts tomorrow just to learn SSPS.
Thanks
Regards
Bharat Patel |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1755 Posted: Mon Jun 04, 2012 10:31 pm Post subject: Re: hi |
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| bharatpatel wrote: | Dear Arjun,
it will be great help if u guys post nifty fut levels and if possible couple of scripts levels regularly. i am going to subscribe icharts tomorrow just to learn SSPS.
Bharat Patel |
Bharat bhai,
Rarely it happens that Pivot has changed and it's not updated here. Sometimes it happens that pivot do not change for 2-3 days. So new members have look back in past.
Thanks for the suggestion. We will try to post regularly at day end even if pivot remains unchanged.
Request all members for contribution. |
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