iCharts Discussions

[rhtbaweja]

hello spec..
once u get exit at 5338 on rsi failure , at what type of time u entered again , and what parameter do u consider to enter again .please explain with chart combined {when u get exit first and then long again}


regards
Rohit

[smsmss]

Hi All.

The swing pivot has been broken and i am carrying my shorts.

[smsmss]

Hi All.

i have exited the trade on a loss of 65 points. Spec if u get some time out of your schedule kindly post your trades for the week. It would be very helpful.

Cheers for the weekend.

[Speculator]

smsmss,

I have not been trading Nifty for more than a month. It just does not make any sense trading a market which does not move. Technical analysis alone is not enough to make money. Markets need to move

I said this in the SB the other day. Until NF VIX gets to around 23-25, i have no interest in trading NF. Nifty's range is currently very compressed and also has no follow through on any range expansion moves. It's a market for option writers currently, not traders.

Find some select stocks with good range and volatitlity, if you want to trade this market, not Nifty.

[Speculator]

Today many things happened that caught my interest in Nifty.

1) We first broke the descending wedge on NF.
2) We then broke the swing pivot at 5418
3) Circle in pink was the rejection candle for trade entry.
4) Finally we broke the down trendline with good volume at the close, both on 15-min and 60-min closing basis.

Looks good for a 200-250 point up move, i think. But don't get married to targets.

[pradeepgolfer]

I had posted in the forum that option OI indicated 5300 would not break and that 5600 would break on the upside

[SwingTrader]

[pradeepgolfer]

I meant nifty option open interest indicated 5300 would not break and that 5600 would break on the upside.I had a posted a thread saying that - that is agreement with what you have written below and gives another perspective to chart analysis,which is always useful.
Here is the link to my post:
http://www.icharts.in/forum/5300-will-not-break-5600-will-break-upside-t2595.html

this confirms your chart analysis and is relevant to your post.If you do not think so ...I am sorry to have bothered you.

[pradeepgolfer]

ST sir i hope you are happy with my clarification.

I was just mentioning another avenue of independant analysis- which is open interest of futures and options- to get some clues about market movement.
Did not mean any offense.

I come to icharts to make money not enemies.

[amolnagmoti]

Hello Spec,

Your information on volatility/ VIX has been highly useful to me, while trading in nifty.

By using the same, my success rate has just doubled.

Could you please also tell me, how to know the volatility of gold & other commodities through MCX or any other website.

Regards.

AMOL S. NAGMOTI

[King_of_Forex]

Very good system presented here.
Combining this with position sizing and risk management will sure give profits.

Impressive!

KOF

[smsmss]

Hi,

got a new swing pivot today 5826. Lets see how market react to this.

From many days market is good for intra, can we see a downtrend or?

Spec ur comments.

[sathya999]

Now when someone say money managment we can pull our hair.
but it only means, go for postions which u can hold on. dont go for 500 lot sizes when account is 100000. go for 100 lot size scripts in this case.
And follow this system that is when u can see consistent profits. Without knowing what is the size of postition to enter into, any system gives headache and will be doubted/not followed.

[girishhu1]

hellow specji/ shekharinvestorji,
no posts since long. hope both of u r fine & rocking.
i think hpcl has broken upswing pivot and coming down for a targt of 474. pl confirm.
regards

[girishhu1]

hellow spcji,
enclosing chart of hpcl. obliged if u can reply whether short position should be wound up or carried forward?shorted at 530. what should be stop loss?