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Swing Trading : The Speculator way |
smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #1966 Posted: Fri Sep 14, 2012 10:18 am Post subject: |
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Big gap up brings USP to 5435 odds....
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sreenath77 White Belt
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Joined: 28 Nov 2009 Posts: 18
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Post: #1967 Posted: Tue Sep 18, 2012 7:36 pm Post subject: |
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Is current USP 5593? Please confirm.
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nitin.malhotra White Belt
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Joined: 26 Aug 2010 Posts: 6
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Post: #1968 Posted: Tue Sep 18, 2012 8:53 pm Post subject: |
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sreenath77 wrote: | Is current USP 5593? Please confirm. | this can not be the new usp. since nifty has not made a new high after that.
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #1969 Posted: Tue Sep 18, 2012 9:41 pm Post subject: |
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nope..no new high made after that...
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sreenath77 White Belt
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Joined: 28 Nov 2009 Posts: 18
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Post: #1970 Posted: Wed Sep 19, 2012 6:08 pm Post subject: |
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Thanks Nitin and smartcancerian.
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chetan83 Brown Belt
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Joined: 19 Feb 2010 Posts: 2037
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Post: #1971 Posted: Wed Sep 19, 2012 8:50 pm Post subject: |
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smartcancerian wrote: | Big gap up brings USP to 5435 odds.... |
Hi Smart,
Hope this long trade as per ssps from 5300 odd levels have washed out ur loss
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #1972 Posted: Fri Sep 21, 2012 11:22 am Post subject: |
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5551....new USP.. seems to be sum what veera style number...
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sandew White Belt
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Joined: 02 Feb 2009 Posts: 174
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Post: #1973 Posted: Sat Sep 22, 2012 10:23 am Post subject: usp |
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60M, NS
USP 5540
Down breach of 5540 will flip trend to short with DSP at 5720
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sspstrader White Belt
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Joined: 08 Aug 2012 Posts: 4
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Post: #1974 Posted: Sat Sep 22, 2012 9:26 pm Post subject: |
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smartcancerian wrote: | 5551....new USP.. seems to be sum what veera style number...  |
its a well explained, market given pivot.
its not like some hypothetical, unexplained imaginary number, which is few ticks above/below cmp.
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sreenath77 White Belt
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Joined: 28 Nov 2009 Posts: 18
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Post: #1975 Posted: Mon Sep 24, 2012 7:05 pm Post subject: reversal |
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"For downside reversals, we need to trade below the 34 ema, go back up and test the 34 ema and rejection with a red candle below the 34 ema."
This condition seems to have satisfied. Can we short below 5675 with SL 5737?
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sherbaaz Yellow Belt
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Joined: 27 May 2009 Posts: 543
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Post: #1976 Posted: Mon Sep 24, 2012 7:13 pm Post subject: Re: reversal |
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sreenath77 wrote: | "For downside reversals, we need to trade below the 34 ema, go back up and test the 34 ema and rejection with a red candle below the 34 ema."
This condition seems to have satisfied. Can we short below 5675 with SL 5737? |
this is the high risk trade better wait for usp to be taken out to go short.
regds
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #1977 Posted: Mon Sep 24, 2012 7:40 pm Post subject: Re: reversal |
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sreenath77 wrote: | "For downside reversals, we need to trade below the 34 ema, go back up and test the 34 ema and rejection with a red candle below the 34 ema."
This condition seems to have satisfied. Can we short below 5675 with SL 5737? |
downside reversals have better chance when the scrip is in downswing.
At present, NF is in upswing, therefore as already posted by fellow forum member sherbaaz, it is riskier to take downward rejection as a trade.
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sandew White Belt
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Joined: 02 Feb 2009 Posts: 174
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Post: #1978 Posted: Wed Sep 26, 2012 10:02 am Post subject: Update |
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60M, NS
USP now moved from 5540 to 5653
Down breach of 5653 will flip trend to short with DSP at 5720
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #1979 Posted: Fri Sep 28, 2012 10:32 am Post subject: |
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New USP (as per october expiry series charts) is 5671....
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #1980 Posted: Fri Sep 28, 2012 10:43 am Post subject: |
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30min NF, USP is 5644
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