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Swing Trading : The Speculator way |
Amigo White Belt
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Joined: 17 Jun 2011 Posts: 223
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Post: #1816 Posted: Wed Jun 13, 2012 1:10 pm Post subject: |
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15m USP now @ 5091.. seniors correct if wrong.
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sonila Brown Belt
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Joined: 04 Jun 2009 Posts: 1786
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Post: #1817 Posted: Wed Jun 13, 2012 1:13 pm Post subject: |
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sonila wrote: | Update:15 tf usp= 5024, 30tf usp=5024 |
UPDATE
15tf= usp = 5090.65
30tf= usp= 5024
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sonila Brown Belt
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Joined: 04 Jun 2009 Posts: 1786
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Post: #1818 Posted: Wed Jun 13, 2012 3:35 pm Post subject: |
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Longed 2 lots @ 5108. Booked 1 lot@ 5128 near day end,carried 1 lot to next day.
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chetan83 Brown Belt
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Joined: 19 Feb 2010 Posts: 2037
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Post: #1819 Posted: Wed Jun 13, 2012 4:22 pm Post subject: |
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sonila wrote: | sonila wrote: | Update:15 tf usp= 5024, 30tf usp=5024 |
UPDATE
15tf= usp = 5090.65
30tf= usp= 5024 |
Tomorrow wud be an interesting day to look out for....chances of breaking the USP of 15 mins is huge .
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sumesh_sol Brown Belt
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Joined: 06 Jun 2010 Posts: 2344
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Post: #1820 Posted: Thu Jun 14, 2012 9:40 am Post subject: NIFTY-1M |
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Nifty is moving in this range...I think any breakdown/brekout from these bouondaries can be sold/bought. for intra trades..
For positional, I feel 30tf pivot should be considered (for present situation only) as 15tf pivots are very close and can lead to whipsaws
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sonila Brown Belt
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Joined: 04 Jun 2009 Posts: 1786
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Post: #1821 Posted: Thu Jun 14, 2012 10:53 am Post subject: |
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sonila wrote: | Longed 2 lots @ 5108. Booked 1 lot@ 5128 near day end,carried 1 lot to next day. |
2nd lot exited @ 10.30 @jun 14 @5111 as nf closed below 34-ema in 15-tf.
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chetan83 Brown Belt
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Joined: 19 Feb 2010 Posts: 2037
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Post: #1822 Posted: Thu Jun 14, 2012 12:41 pm Post subject: Re: NIFTY-1M |
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sumesh_sol wrote: | Nifty is moving in this range...I think any breakdown/brekout from these bouondaries can be sold/bought. for intra trades..
For positional, I feel 30tf pivot should be considered (for present situation only) as 15tf pivots are very close and can lead to whipsaws |
Hi,
15 min USP broke and also We are in BD channel now....and following 30 min TF would be risky as it will call for larger SL.....last 2 days was really bad one with lot of wipshaw for those who wish to carry trade or letting market hit the SL....range of 15-20 points is easy to get now but cannot dare to ride the show in such situation . Overall a weekly loss for me
Chetan.
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sumesh_sol Brown Belt
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Joined: 06 Jun 2010 Posts: 2344
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Post: #1823 Posted: Thu Jun 14, 2012 12:49 pm Post subject: Re: NIFTY-1M |
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chetan83 wrote: | sumesh_sol wrote: | Nifty is moving in this range...I think any breakdown/brekout from these bouondaries can be sold/bought. for intra trades..
For positional, I feel 30tf pivot should be considered (for present situation only) as 15tf pivots are very close and can lead to whipsaws |
Hi,
15 min USP broke and also We are in BD channel now....and following 30 min TF would be risky as it will call for larger SL.....last 2 days was really bad one with lot of wipshaw for those who wish to carry trade or letting market hit the SL....range of 15-20 points is easy to get now but cannot dare to ride the show in such situation . Overall a weekly loss for me
Chetan. |
That's why I told clearly "..for intra trades.." .
Breaking 30tf pivot will actually confirm the down signal, and once that happens , we can switch back to 15 tf and take trades as usual..
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chetan83 Brown Belt
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Joined: 19 Feb 2010 Posts: 2037
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Post: #1824 Posted: Thu Jun 14, 2012 3:45 pm Post subject: Re: NIFTY-1M |
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sumesh_sol wrote: | chetan83 wrote: | sumesh_sol wrote: | Nifty is moving in this range...I think any breakdown/brekout from these bouondaries can be sold/bought. for intra trades..
For positional, I feel 30tf pivot should be considered (for present situation only) as 15tf pivots are very close and can lead to whipsaws |
Hi,
15 min USP broke and also We are in BD channel now....and following 30 min TF would be risky as it will call for larger SL.....last 2 days was really bad one with lot of wipshaw for those who wish to carry trade or letting market hit the SL....range of 15-20 points is easy to get now but cannot dare to ride the show in such situation . Overall a weekly loss for me
Chetan. |
That's why I told clearly "..for intra trades.." .
Breaking 30tf pivot will actually confirm the down signal, and once that happens , we can switch back to 15 tf and take trades as usual.. |
True Sumesh,
But see how beautifully Nifty had taken support in 89 ema (30 mins TF)....hope it hold or else again a downfall.
Chetan.
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sumesh_sol Brown Belt
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Joined: 06 Jun 2010 Posts: 2344
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Post: #1825 Posted: Thu Jun 14, 2012 4:07 pm Post subject: Re: NIFTY-1M |
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chetan83 wrote: |
True Sumesh,
But see how beautifully Nifty had taken support in 89 ema (30 mins TF)....hope it hold or else again a downfall.
Chetan. |
Chetan, I donot have much experience with 89 ema. If it indeed comes up due to any support at whatever tf, it will be good as we can trade rejections !
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sonila Brown Belt
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Joined: 04 Jun 2009 Posts: 1786
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Post: #1826 Posted: Thu Jun 14, 2012 7:00 pm Post subject: |
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Update: 30-tf usp= 5024, 15-tf dsp= 5144.5
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #1827 Posted: Thu Jun 14, 2012 7:03 pm Post subject: |
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New DSP in NF 15tf is 5112..odds..
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traderindian White Belt
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Joined: 03 Apr 2010 Posts: 56
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Post: #1828 Posted: Thu Jun 14, 2012 7:14 pm Post subject: |
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yes correct SC.. the price once again tested 34 ema and made a new low after breaking the 5090 level..
DSP shifted to 5112 odd level after break of 5085 odd level..
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traderindian White Belt
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Joined: 03 Apr 2010 Posts: 56
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Post: #1829 Posted: Thu Jun 14, 2012 7:18 pm Post subject: |
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sonila wrote: | sonila wrote: | Longed 2 lots @ 5108. Booked 1 lot@ 5128 near day end,carried 1 lot to next day. |
2nd lot exited @ 10.30 @jun 14 @5111 as nf closed below 34-ema in 15-tf. |
Sonila,
you exit your positions on candle closing below 34 ema in both 5tf as well as 15 tf or is it only 5tf TSL exit ?
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sonila Brown Belt
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Joined: 04 Jun 2009 Posts: 1786
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Post: #1830 Posted: Thu Jun 14, 2012 7:42 pm Post subject: |
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Traderindian, ans, a bit longer,will ans tomorrow.
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