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Swing Trading : The Speculator way |
EssJay
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Joined: 05 Sep 2012
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Post: #2191  Posted: Sat Apr 06, 2013 7:42 am Post subject: |
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| twist wrote: | | sw_das wrote: | | Can we consider 5594 NF as pivot? It has kissed 34 EMA though.... |
sw use rsi5[OB/OS Zone] when 34ema is far from price to confirm pivots... as per my knowledge about swing trading please dont use 5594 as pivot bcoz there is not even a single candle close below previous lower low of 12:00 [5559] on 15TF  |
I don't think it has to be a candle close. A lower low by even one tick is sufficient, I think. I'm not sure. Seniors kindly illuminate.
Thanks.
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skd2012
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| Post: #2192 Posted: Sat Apr 06, 2013 8:34 am Post subject: |
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| EssJay wrote: | | twist wrote: | | sw_das wrote: | | Can we consider 5594 NF as pivot? It has kissed 34 EMA though.... |
sw use rsi5[OB/OS Zone] when 34ema is far from price to confirm pivots... as per my knowledge about swing trading please dont use 5594 as pivot bcoz there is not even a single candle close below previous lower low of 12:00 [5559] on 15TF |
I don't think it has to be a candle close. A lower low by even one tick is sufficient, I think. I'm not sure. Seniors kindly illuminate.
Thanks. |
Thank twist and EssJay.
Rsi 5 part is not very clear to me. How it is used to indentify pivot and if it reliable.
Yes candle close is not needed. Its lower low is sufficient. It is the same for other methods as well. So I am confident about it.
Over all this methos is rocking when vix is slopping upwards.
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skd2012
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| Post: #2193 Posted: Sat Apr 06, 2013 8:52 am Post subject: |
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| Twist, just checked, RSI 5 has not got over bought at 5594 NF. So we still remain without pivot after sell signal at 5705NF.
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smartcancerian
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EssJay
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| Post: #2195 Posted: Sat Apr 06, 2013 11:08 am Post subject: |
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So the new downswing pivot is 5773 odd?
Thanks
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skd2012
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| Post: #2196 Posted: Sat Apr 06, 2013 3:38 pm Post subject: |
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Thanks Smart...its clearly written...
If we apply those rules on 15 mins chart, then there is no pivot below 5773.35 NF.
Now it will be dangerous if it makes V shape recovery as it has not created any lower pivot so far.
I am attaching the chart.
Hence I have been asking this - what was Mr Speculator's opinion on this draw back.
Looking for answer which can be followed systematically.
Hope you understand the problem...NF can fall X points without making a pivot and it can recover X+100 points in V shape, ultimately it can give a loss.
I can understand one can have trail SH etc., but ultimately that can become counter productive as after hitting TSL, it can again move in original direction.
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singh.ravee
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Joined: 12 Aug 2010
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| Post: #2197 Posted: Sat Apr 06, 2013 4:43 pm Post subject: |
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| sw_das wrote: | Thanks Smart...its clearly written...
If we apply those rules on 15 mins chart, then there is no pivot below 5773.35 NF.
Now it will be dangerous if it makes V shape recovery as it has not created any lower pivot so far.
I am attaching the chart.
Hence I have been asking this - what was Mr Speculator's opinion on this draw back.
Looking for answer which can be followed systematically.
Hope you understand the problem...NF can fall X points without making a pivot and it can recover X+100 points in V shape, ultimately it can give a loss.
I can understand one can have trail SH etc., but ultimately that can become counter productive as after hitting TSL, it can again move in original direction. |
Is it an apprehension or an experience?
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2198 Posted: Sat Apr 06, 2013 5:06 pm Post subject: |
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| singh.ravee wrote: | | sw_das wrote: | Thanks Smart...its clearly written...
If we apply those rules on 15 mins chart, then there is no pivot below 5773.35 NF.
Now it will be dangerous if it makes V shape recovery as it has not created any lower pivot so far.
I am attaching the chart.
Hence I have been asking this - what was Mr Speculator's opinion on this draw back.
Looking for answer which can be followed systematically.
Hope you understand the problem...NF can fall X points without making a pivot and it can recover X+100 points in V shape, ultimately it can give a loss.
I can understand one can have trail SH etc., but ultimately that can become counter productive as after hitting TSL, it can again move in original direction. |
Is it an apprehension or an experience? |
I read some of his posts. He has mentioned clearly system fails in the V shape recovery in his initial posts. Its not uncommon to have V shape recovery. Hence asking the question what would one do systematically. Just trying to understand, nothing else.
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2199 Posted: Sat Apr 06, 2013 7:31 pm Post subject: |
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| sw_das wrote: | | singh.ravee wrote: | | sw_das wrote: | Thanks Smart...its clearly written...
If we apply those rules on 15 mins chart, then there is no pivot below 5773.35 NF.
Now it will be dangerous if it makes V shape recovery as it has not created any lower pivot so far.
I am attaching the chart.
Hence I have been asking this - what was Mr Speculator's opinion on this draw back.
Looking for answer which can be followed systematically.
Hope you understand the problem...NF can fall X points without making a pivot and it can recover X+100 points in V shape, ultimately it can give a loss.
I can understand one can have trail SH etc., but ultimately that can become counter productive as after hitting TSL, it can again move in original direction. |
Is it an apprehension or an experience? |
I read some of his posts. He has mentioned clearly system fails in the V shape recovery in his initial posts. Its not uncommon to have V shape recovery. Hence asking the question what would one do systematically. Just trying to understand, nothing else. |
if i have understood u clearly, u wanna say, that in some of posts, spec has mentioned that system fails in V shape recovery.
Your doubt in itself is an answer
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smartcancerian
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skd2012
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Joined: 03 Oct 2012
Posts: 948
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| Post: #2201 Posted: Sat Apr 06, 2013 10:32 pm Post subject: |
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| singh.ravee wrote: | | sw_das wrote: | | singh.ravee wrote: | | sw_das wrote: | Thanks Smart...its clearly written...
If we apply those rules on 15 mins chart, then there is no pivot below 5773.35 NF.
Now it will be dangerous if it makes V shape recovery as it has not created any lower pivot so far.
I am attaching the chart.
Hence I have been asking this - what was Mr Speculator's opinion on this draw back.
Looking for answer which can be followed systematically.
Hope you understand the problem...NF can fall X points without making a pivot and it can recover X+100 points in V shape, ultimately it can give a loss.
I can understand one can have trail SH etc., but ultimately that can become counter productive as after hitting TSL, it can again move in original direction. |
Is it an apprehension or an experience? |
I read some of his posts. He has mentioned clearly system fails in the V shape recovery in his initial posts. Its not uncommon to have V shape recovery. Hence asking the question what would one do systematically. Just trying to understand, nothing else. |
if i have understood u clearly, u wanna say, that in some of posts, spec has mentioned that system fails in V shape recovery.
Your doubt in itself is an answer |
How doubt can be an answer.  clearly do not understand your point.
Failure is fine, every system has draw back. I was asking how systematically trade can be handled in this situation. Which i could not get answer after reading many pages in the thread. So asked the question.
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2202 Posted: Sat Apr 06, 2013 10:34 pm Post subject: |
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Thank you smart. You seem to have good collection.
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smartcancerian
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2204 Posted: Sun Apr 07, 2013 11:58 am Post subject: |
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Thank you Smart. Its clear to some extend now.
Regarding using forum search button, I thought many have followed or are following this method. So was expecting to the point reply. Also I was thinking, since this thread is most followed, hence all information is available in this. Since I could not get, asked question. Never realized we have other threads on the same subject. Good Mr. Speculator explains many things in minute details.
Basically this is what I have understood about current situation.
1. Short was done at 5691 NF (not at 5705NF) with 5751 NF as initial SL.
2. 30% quantity booked at 5571 NF.
3. 5594 NF is a swing pivot now. A green candle above this. remaining positions will be closed and long will be taken.
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #2205 Posted: Sun Apr 07, 2013 1:56 pm Post subject: |
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| @ sw..after USP @ 5705 taken out..ssps method has not given any short entry..you still need to read a lot before applying it..
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