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[sandew]

Ema 34 is at 5917
Close @ 5918, high 5920
A thrust above 5920 with RSI 5 confirms an up thrust (within down trend).

Still, to qualify for an upward rejection you can consider either of the two below
1) PA falls back again and then pushes up again
2) Alternatively, you value Friday's high of 5922 as significant and any PA above 5922 qualify for holding long. (this level matches with eod chart also)

PA has to hold 5893 to retain long play; else the Trend power of down below 5867 can be swift.

Here again there is a conflict. Charts on eod basis are still clearly long though PA has corrected last few days. It is only a correction in eod uptrend. This correction however has caused 60M to enter a downtrend..and this 60M downtrend is itself in hesitation due Friday close candle in green.

So, I am not prejudging what might happen - just preparing PA can go up - PA can be down too.

[smartcancerian]

nifty 15tf DSP revised to 5922.80....

[vinst]

NF 30min and NF 15 in upswing now

[smartcancerian]

USP IS 5838....

[sandew]

60M NF Tuesday close 5930 high 5950 low 5938
Trend Up, USP @ 5838

A thrust below 5838 will flip trend to short with DSP @ 5950.

Today Swings switched twice.

Pre Open trend was down.
The DSP shifted furthur down from earlier 6003 to 5920 when PA moved below 5867.

On reverse, when PA took a 'V" turn burst and breached 5920 on upside the trend switched to UP with USP @ 5838.

MAs are also saying go long and the eod set up is also long.(eod NS near resistance is at 5900 equivalent 5930 NF)

The burst of price has now resolved all conflicts of multiple time frame set-ups. PA is also clearly above NTZ.

Revised NTZ 5893-5919, level to watch 5918

Concern are two
1. exhaustion of this fast burst of price
2. News flows (Gujarat elections, Fiscal Cliff, DXY, INR, Cu )

No long taken overnight

[sandew]

60M NF mid-Thursday Gujarat election result day
Previous close 5946, with trend long, MA long, PA above NTZ 5932-5941, PA above fulcrum 5918 but ema 5@5943. eod trend is up as long as PA is above 5920.
Previous Trend Up, USP @ 5838

Todays fall has not changed the trend. It remains up as 5838 still protected by mid day.

However the PA is below the MAs and the fulcrum level. (so we are back in Conflict Zone)

PA moving below 5838 will flip trend to short with DSP @ 5960.
PA crossing 6003 on upside will shift USP to 5895.

I am done for the day.

Q. Any news what happened in Lok Sabha today on the reservation bill? No action is not a good omen for furthur reforms.

[singh.ravee]

[sandew]

R. Singh,

Your query is right to an extent but not fully.

Spec set up is based on two pillars
1. Swing Trade - USP and DSP determination
2. Trade based on rejections off ema 34

For me key and first step to trade is the "Swing Level determination". This is all encompassing and important, whose levels I narrate somedays here because I learnt it here. It is my way of returning to this thread.
Rest of MAs, fulcrums, writing and NTZ levels are of lower and minor details - used to micro managing entry and exit. These are terms not used by Spec but I derive their dynamics from Spec writings and trade principles.

Within Swings most times there are counter trend opportunities which I try to capture with MAs and fast oscillators. This is aggressive trades.

Rather, it is prudent to trade in direction of Swing Trend, taking entry with oscillator in direction of Swing trend.

Spec used Rsi 5 and Sts 13,5,8 as per old SB records.
Multiple time frame usage and reference for entry and exit is also an import from comments of Spec in old SB records.
(Dont ask me to reproduce them as I have no access to them now in old PC)

'News' is also Spec observation: Avoid trade on News days.
And V shaped recovery is a trade where ema 34 rejection fails, said Spec.

All said and done, one may choose to just focus on cardinal pillars 1 and 2 as narrated above for trade and do very well for himself.

Regret I wont comment furthur on this.

[sandew]

60M NF Friday close 5851 high 5901 low 5848
Trend Up, USP @ 5838

A thrust below 5838 will flip trend to short with DSP @ 5960.

PA below MAs prompting short. So, we have a Conflict Zone.
Below 5838 bears in full control.
On rebound PA will enter NTZ 5884-5902. Fulcrum 5914 (NS 5890)
At 5884 look for rejection to go short.
Above 5902 look for long on ema rejection. Aggressive short with tight SL too can be considered here.
An aggressive long at 5838 can also be considered with tight SL.
Eod very short thrust is down, which will get neutral / negated if PA renters back the NTZ.

There is an axiom "Santa Rally". How true will it be, if at all ? Is it this expiry or next ?
http://en.wikipedia.org/wiki/Santa_Claus_rally

[sandew]

60M NF Monday (Pre Xmas) close 5867 high 5877 low 5855
Trend Up, USP @ 5838

PA on cusp of breakdown, but last Swing at 5838 acting as strong support.
Monday PA made a valiant attempt to go long but very tiring.
PA above ema5 @ 5865

New NTZ 5867-5881

Fulcrum is far away @ 5910 (for going confirmed long, yes long)

Briefly, 60M NF Swing trend is up with USD @5838 BUT chart structure and MAs indicate confirmed down-bias BUT PA is above ema 5 and a small thrust above 5881, which is not far away, can change chart structure all over again. It is a complex structure.

There can be small albeit better trade opportunities in lower time reames of 15M


Expiry one day away and the overhang notion of "Santa Rally".

[Anne]

sandew,

why not you start a new topic and post your chart readings there?I feel this is completely irrelevent to this strategy.santha rally, PA, NTZ what are those? Pls leave this forum for basic SSPS traders. Thanks
Anne

[singh.ravee]

[smsmss]

vinst or anyone tracking? that this year according to 15 mins or 30 mins what were the points generated for NF?

[vinst]

According to my record for NF 30min: about 800 points gain since jan01, 2012.

[smsmss]

and vinst this excludes brokerage and slippage right? and what were the total no. of trades this year according to 30mins dear?