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Swing Trading : The Speculator way |
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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Post: #1831  Posted: Fri Jun 15, 2012 12:00 pm Post subject: |
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what a confusing situation........
we can, long, using 30-tf, bullish rejection
also, we can short, using 15-tf, using bearish rejection.....
what to do....
can any one suggest....
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1832 Posted: Fri Jun 15, 2012 12:13 pm Post subject: |
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| longed @ 5108 with sl 5078 using 30-tf bullish rejection.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1833 Posted: Fri Jun 15, 2012 12:18 pm Post subject: |
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| sonila wrote: | what a confusing situation........
we can, long, using 30-tf, bullish rejection
also, we can short, using 15-tf, using bearish rejection.....
what to do....
can any one suggest.... |
Yes a typical SL udau situations... See, personally I'll wait for 30tf pivot to break for clear down indication, because at the top, pivots were made at very little distance, so 15tf pivot for me was not conclusive.
Till then , I will try to trade 15tf rej. on upside if Sl are affordable..(obviously it will be contra trade for 15tf)..
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1834 Posted: Sat Jun 16, 2012 8:00 pm Post subject: |
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UPDATE
15-TF USP = 5048
30-TF USP = 5048
Seniors, plz correct, if, it is wrong.
thnx
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1835 Posted: Mon Jun 18, 2012 6:04 pm Post subject: |
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| Usp taken away,down trend started,dsp in 15 & 30 tf = 5291.
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1836 Posted: Mon Jun 18, 2012 6:18 pm Post subject: |
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| sonila wrote: | | Usp taken away,down trend started,dsp in 15 & 30 tf = 5291. |
thnx
DSP -typo error.... 
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enroute
White Belt
Joined: 01 May 2010
Posts: 64
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| Post: #1837 Posted: Tue Jun 19, 2012 10:45 am Post subject: |
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dsp in 15tf in nifty-1m is 5191.. 
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1838 Posted: Tue Jun 19, 2012 1:53 pm Post subject: |
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| seniors, is it a valid rejection below 5066?
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1839 Posted: Tue Jun 19, 2012 2:57 pm Post subject: |
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| Amigo wrote: | | seniors, is it a valid rejection below 5066? |
Hi Amigo,
Chart please 
Chetan.
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1840 Posted: Tue Jun 19, 2012 3:13 pm Post subject: |
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Hi chetan, kindly check and give ur views.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1841 Posted: Tue Jun 19, 2012 4:17 pm Post subject: |
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| Amigo wrote: | | Hi chetan, kindly check and give ur views. |
Hi Amigo,
Your chart and view are very much correct, even in 30 min TF we got rejection at 2 pm at 5066.45, but eventually SL of 5118 was also taken in 3:30pm candle (high of 1:00 pm candle, as I cant afford to keep 5190 as SL which is candle high of 9:30am of 18/06).
Trading rejection may not be 100% right. I think we shud see a new high tomorrow, if there is no fresh bearish rejection tomorrow.
Chetan.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1842 Posted: Tue Jun 19, 2012 4:37 pm Post subject: |
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| chetan83 wrote: | | Amigo wrote: | | Hi chetan, kindly check and give ur views. |
Hi Amigo,
Your chart and view are very much correct, even in 30 min TF we got rejection at 2 pm at 5066.45, but eventually SL of 5118 was also taken in 3:30pm candle (high of 1:00 pm candle, as I cant afford to keep 5190 as SL which is candle high of 9:30am of 18/06).
Trading rejection may not be 100% right. I think we shud see a new high tomorrow, if there is no fresh bearish rejection tomorrow.
Chetan. |
Amigo,
See how beautifully, Nifty has rallied from the support taken from the upper TL, so near term outlook is still bullish.
Chetan.
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #1843 Posted: Tue Jun 19, 2012 4:45 pm Post subject: |
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| Thanks for ur inputs Chetan
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1844 Posted: Wed Jun 20, 2012 12:15 pm Post subject: |
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| Amigo wrote: | | seniors, is it a valid rejection below 5066? |
amigo, yes, i think, it was a valid bearish rejection,from 34-ema, as all 3 conditions, mentioned by spec, were fulfilled.
But, for only 1 thing,i waited for 1 more candle candle,before entering short and that is at that moment, 8-ema was above 34-ema,so i thought,i would rather wait for 1 more candle, so that, 8-ema will come below 34- ema.( this was not at all mentioned by spec....but i thought its better to wait....thats all.)
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1845 Posted: Wed Jun 20, 2012 12:20 pm Post subject: |
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| sonila wrote: | | Amigo wrote: | | seniors, is it a valid rejection below 5066? |
amigo, yes, i think, it was a valid bearish rejection,from 34-ema, as all 3 conditions, mentioned by spec, were fulfilled.
But, for only 1 thing,i waited for 1 more candle candle,before entering short and that is at that moment, 8-ema was above 34-ema,so i thought,i would rather wait for 1 more candle, so that, 8-ema will come below 34- ema.( this was not at all mentioned by spec....but i thought its better to wait....thats all.) |
Good catch Sonila
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