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Swing Trading : The Speculator way |
Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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Post: #1846  Posted: Wed Jun 20, 2012 12:47 pm Post subject: |
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| yes Sonila, even i had a doubt about the crossover thing.. but since this method is not about crossovers hence ignored.. but such situations appear off and on...part of this game
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1847 Posted: Thu Jun 21, 2012 12:57 pm Post subject: |
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| type.2 bearish rejection short entry happened, short point = 5102, sl = 5118,v good r/r ratio.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1848 Posted: Thu Jun 21, 2012 12:59 pm Post subject: |
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| sonila wrote: | | type.2 bearish rejection short entry happened, short point = 5102, sl = 5118,v good r/r ratio. |
as far as I understand, It is a valid rej. in line with SSPS trend only(type-I). Type-2 entry are conter-trend rejections...
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1849 Posted: Thu Jun 21, 2012 1:11 pm Post subject: |
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| sumesh_sol wrote: | | sonila wrote: | | type.2 bearish rejection short entry happened, short point = 5102, sl = 5118,v good r/r ratio. |
as far as I understand, It is a valid rej. in line with SSPS trend only(type-I). Type-2 entry are conter-trend rejections... |
sumesh,
as per spec, what i understood,is
if entry which is taken immediately after usp/dsp taken out, is type.1, which is generally risky as involves big sl
and
if entry is taken after that from a rejection from 34-ema is type.2, which generally has less sl.
I MAY BE WRONG...if so, seniors...plz correct.
thnx.
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1850 Posted: Thu Jun 21, 2012 3:36 pm Post subject: |
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| sonila wrote: |
as per spec, what i understood,is
if entry which is taken immediately after usp/dsp taken out, is type.1, which is generally risky as involves big sl
and
if entry is taken after that from a rejection from 34-ema is type.2, which generally has less sl.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1851 Posted: Thu Jun 21, 2012 3:57 pm Post subject: |
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| sonila wrote: | | type.2 bearish rejection short entry happened, short point = 5102, sl = 5118,v good r/r ratio. |
sl trgd.
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ABone
White Belt
Joined: 12 Aug 2008
Posts: 20
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| Post: #1852 Posted: Thu Jun 21, 2012 8:56 pm Post subject: |
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In my last post , i tried to explain trending behavior of NF, as explained by Spec sir.
Today , It failed and gave us signal much ahead, that Rejection is in Danger. finally SL got hit.
AT point A in chart, we got rejection at 5098(cc) and 5093.30(low of candle) and RsI(5) OS, see point A1, with SL 5025.
AT point B in chart , we got new low i.e. 5093 but RSI(5) failed go below 30 or OS zone, see Point B1 .
This was the first indication , that our Rejection trade is in danger. SIDEWAYS MOVEMENT LIKELY COME. here we may reduce the positions or close the trade.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1853 Posted: Thu Jun 21, 2012 9:09 pm Post subject: |
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| V.good suggestion....will surely try to implememt in the method...thnx.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1854 Posted: Thu Jun 21, 2012 10:02 pm Post subject: |
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| AmarBandgar wrote: | In my last post , i tried to explain trending behavior of NF, as explained by Spec sir.
Today , It failed and gave us signal much ahead, that Rejection is in Danger. finally SL got hit.
AT point A in chart, we got rejection at 5098(cc) and 5093.30(low of candle) and RsI(5) OS, see point A1, with SL 5025.
AT point B in chart , we got new low i.e. 5093 but RSI(5) failed go below 30 or OS zone, see Point B1 .
This was the first indication , that our Rejection trade is in danger. SIDEWAYS MOVEMENT LIKELY COME. here we may reduce the positions or close the trade. |
Is SL of 5025 correct 
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ABone
White Belt
Joined: 12 Aug 2008
Posts: 20
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| Post: #1855 Posted: Fri Jun 22, 2012 9:22 am Post subject: |
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| chetan83 wrote: | | AmarBandgar wrote: | In my last post , i tried to explain trending behavior of NF, as explained by Spec sir.
Today , It failed and gave us signal much ahead, that Rejection is in Danger. finally SL got hit.
AT point A in chart, we got rejection at 5098(cc) and 5093.30(low of candle) and RsI(5) OS, see point A1, with SL 5025.
AT point B in chart , we got new low i.e. 5093 but RSI(5) failed go below 30 or OS zone, see Point B1 .
This was the first indication , that our Rejection trade is in danger. SIDEWAYS MOVEMENT LIKELY COME. here we may reduce the positions or close the trade. |
Is SL of 5025 correct |
correction 5125 is SL...
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1856 Posted: Fri Jun 22, 2012 3:04 pm Post subject: |
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| Initiated rejection short trade @ 5122, exited @ 5127 with 5 pts loss. Why rejection shorts failed 2 times serially ??? Any reason ???
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1857 Posted: Fri Jun 22, 2012 3:53 pm Post subject: |
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| sonila wrote: | | Initiated rejection short trade @ 5122, exited @ 5127 with 5 pts loss. Why rejection shorts failed 2 times serially ??? Any reason ??? |
Sonila which TF u referred too?
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1858 Posted: Fri Jun 22, 2012 4:22 pm Post subject: |
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| Chetan, 15-min tf.
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aptcap
White Belt
Joined: 16 Jul 2011
Posts: 39
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| Post: #1859 Posted: Fri Jun 22, 2012 4:49 pm Post subject: |
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Sonila,
I think because of the range bound nature of the market these whipsaws are happening. The nifty is showing remarkable strength in the face of not so good news from global mkts and a weakening rupee. Only positive is correction in commodities specifically crude.
So I ve been taking 15 mins bullish rejections but purely for intraday only.
guess just have to wait for the mkt to show its hand and trend.
Regards
| sonila wrote: | | Chetan, 15-min tf. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1860 Posted: Fri Jun 22, 2012 6:04 pm Post subject: |
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| Aptcap, yes, u r very correct, taking connta trend bullish rejections for purely intra purpose with 20/30 pts gain seems more rewarding in these scenarios, even 5-min tf can be cosidered for this purpose only, i think.
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