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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: #2011 Posted: Mon Nov 12, 2012 7:35 am Post subject: |
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In icharts..usp is taken out on friday...so the DSP accordingly is 5820...but if someone is following odin levels..then usp was taken out on thursday & a rejection occurs on friday giving a new low..then DSP becomes 5782..Seniors tell One has to follow a particular thing/notion consistently...A Trending move will make everyone right..
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2012 Posted: Wed Nov 21, 2012 9:20 am Post subject: |
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NF 30min and NF 15 min: DSP 5617
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2013 Posted: Wed Nov 21, 2012 2:33 pm Post subject: |
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vinst wrote: | NF 30min and NF 15 min: DSP 5617 |
NF 30min USP 5556
NF 15 min: USP 5596
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2014 Posted: Thu Nov 22, 2012 2:19 pm Post subject: |
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vinst wrote: | vinst wrote: | NF 30min and NF 15 min: DSP 5617 |
NF 30min USP 5556
NF 15 min: USP 5596 |
NF 30min USP 5596
NF 15 min: USP 5614
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chiragbvyas White Belt
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Joined: 18 Feb 2010 Posts: 469
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Post: #2015 Posted: Thu Nov 22, 2012 2:52 pm Post subject: hi |
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vinst wrote: | vinst wrote: | vinst wrote: | NF 30min and NF 15 min: DSP 5617 |
NF 30min USP 5556
NF 15 min: USP 5596 |
NF 30min USP 5596
NF 15 min: USP 5614 |
Dear Vinst,
in J T's set up long sar is also 5599 what a combination .......
just seen yr post so thought let me say hi to you ...
regards
chirag....
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2016 Posted: Fri Nov 23, 2012 9:18 pm Post subject: |
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NF 30min USP 5596
NF 15 min: DSP 5658
Bold font indicates change in swing direction
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sandew White Belt
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Joined: 02 Feb 2009 Posts: 174
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Post: #2017 Posted: Sat Nov 24, 2012 7:14 am Post subject: tight confluence |
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Swing reading is tricky for me this time as there are multiple swings very close and also, could vary in different time frames.
60M, NF - Trend Down
DSP shifted down to 5657 from earlier at 5818.
Up breach of 5657 will flip trend to long with USP at 5556 or rather 5597.
A tight confusing range has emerged.
Moving average suggest upthrust. A confluence of MAs is building which usually is a precursor to a big move.
Levels Readings suggest sustained breach of 5645 or 5663 establishes firm upside where all positional shorts to be closed. On the contrary, these levels also can be strong resistance to initiate fresh shorts.
As I see the chart, Price Action (PA) below 5597 is a short trade to take.
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2018 Posted: Tue Nov 27, 2012 9:51 am Post subject: |
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vinst wrote: | NF 30min USP 5596
NF 15 min: DSP 5658
Bold font indicates change in swing direction |
NF 30min USP 5597
NF 15 min: USP 5597
Bold font indicates change in swing direction
Italics font indicates change in swing reversal level
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2019 Posted: Wed Dec 05, 2012 9:47 am Post subject: |
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vinst wrote: | vinst wrote: | NF 30min USP 5596
NF 15 min: DSP 5658
Bold font indicates change in swing direction |
NF 30min USP 5597
NF 15 min: USP 5597
Bold font indicates change in swing direction
Italics font indicates change in swing reversal level |
5-Dec-2012
NF 30min USP 5597
NF 15 min: USP 5882
Bold font indicates change in swing direction
Italics font indicates change in swing reversal level
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chiragbvyas White Belt
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Joined: 18 Feb 2010 Posts: 469
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Post: #2020 Posted: Wed Dec 05, 2012 9:50 am Post subject: hi |
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Dear Vinst,
Thanks for up date.
Like your dedication.
Regards,
Chirag...
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #2021 Posted: Thu Dec 06, 2012 9:31 am Post subject: |
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With the new high at opening (both odin & charts)..5928.xx became NEW USP..& taken out...Dntrend starts....
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2022 Posted: Thu Dec 06, 2012 9:32 am Post subject: |
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smartcancerian wrote: | With the new high at opening (both odin & charts)..5928.xx became NEW USP..& taken out...Dntrend starts.... |
this was for NF 15min chart only.
NF 30min still in uptrend
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smartcancerian Yellow Belt
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Joined: 07 Apr 2010 Posts: 542
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Post: #2023 Posted: Thu Dec 06, 2012 10:21 am Post subject: |
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yes..that was for 15tf....
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #2024 Posted: Thu Dec 06, 2012 3:24 pm Post subject: |
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NF 15min back in uptrend, DSP 5870
NF 30min continues in uptrend, USP revised to 5870
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kiranlegend White Belt
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Joined: 21 Apr 2011 Posts: 73
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Post: #2025 Posted: Sat Dec 08, 2012 2:29 am Post subject: is it a rejection point? |
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dear ppl,
could you please look at the attachment and let me know whether can we consider the circled part as rejection eventhough the candle high looks to be at some distance from the ema 34 eventhought rsi 5 came out of oversold region?
Thanks in advance
Kiran
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