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Swing Trading : The Speculator way |
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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Post: #2206  Posted: Sun Apr 07, 2013 5:00 pm Post subject: |
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| smartcancerian wrote: | | @ sw..after USP @ 5705 taken out..ssps method has not given any short entry..you still need to read a lot before applying it.. |
Smart no plan to trade as per this method as of now.
Yes, as per this thread entry was at 5705. However if you go by following thread of Mr Spec.
www.icharts.in/forum/entry-exit-and-stop-loss-guidelines-swing-pivots-system-t2269.html
He says - "(ii) For downside reversal the rules are same. We need a red candle which closes below the prior upswing pivot and close below the prior candle low. Stop loss rules are different here. One should place the stop loss above the immediate swing high on the charts. The reason being, tops have different characteristics than bottoms. Bottoms tend to be "V" affairs. Tops are "M" affairs. Tops gets tested many times before we go down in earnest. So putting a stop above the red reversal candle will almost always result in a stop-out."
Hence I assumed 15 mis reversal bar close 5691 NF as entry and last swing high 5750-51 NF as SL. Also this counts 60 points as SL.
Now he has told following for exit - "Technique #2: This is the technique i use. I exit about 30% of my positions on a 1:2 risk/reward. So if my stop size (risk) is 50 points, i close 30% of my positions on a reward of 2*50 = 100 points. The rest, i close on swing reversal."
So 60 points SL, and hence 60*2 = 120 points target for first 30%. It is 5691-120=5571 NF. Hence I told 30% exit here. and Rest 70% for reversal.
Also if I go through his charts, 5594 NF is good enough as DSP.
I was looking for these answers. You have certainly shown the path. It looks to me realistic.
He has said lots of things which are not covered in this thread.
I am yet to read evrything though!! Also I have not understood the method fully specially tactics handle different situations. |
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smsmss
White Belt
Joined: 13 Oct 2009
Posts: 123
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| Post: #2207 Posted: Mon Apr 08, 2013 1:16 am Post subject: hihi |
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very smart  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2208 Posted: Tue Apr 09, 2013 11:38 am Post subject: |
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| So position reversed at 5594 NF? |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #2209 Posted: Tue Apr 09, 2013 11:41 am Post subject: |
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| Yes, now usp the recent low. |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #2210 Posted: Tue Apr 09, 2013 11:46 am Post subject: |
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| EssJay wrote: | | Yes, now usp the recent low. |
its still not there is no new usp as per system nf is still down |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #2211 Posted: Tue Apr 09, 2013 11:52 am Post subject: |
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| It's a matter of perspective. I consider 5594-5 the recent time it came close to 34 EMA as a new DSP. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2212 Posted: Tue Apr 09, 2013 11:59 am Post subject: |
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| EssJay wrote: | | It's a matter of perspective. I consider 5594-5 the recent time it came close to 34 EMA as a new DSP. |
True if we go though Mr Speculator's writeups, it is not necessary to touch 34 EMA. Turn around at 34 EMA and new low make it a pivot. It that sense 5594 NF qualify as pivot. One may follow the same thing all the time or not follow all the time. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #2213 Posted: Tue Apr 09, 2013 3:19 pm Post subject: |
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| So we have a new DSP today. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2214 Posted: Tue Apr 09, 2013 6:45 pm Post subject: |
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| EssJay wrote: | | So we have a new DSP today. |
I am just tracking the method. Do not trade by this. Yes it seems to have created new DSP at 5622. Experts can confirm. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2215 Posted: Tue Apr 09, 2013 7:19 pm Post subject: |
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| 5622 is new DSP for NF 15min and 30min time frames. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2216 Posted: Tue Apr 09, 2013 7:47 pm Post subject: |
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| sensex Daily timeframe in downswing from today. DSP 20203 |
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aptcap
White Belt
Joined: 16 Jul 2011
Posts: 39
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| Post: #2217 Posted: Wed Apr 10, 2013 9:26 am Post subject: |
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yes. also the nifty. after breaking 5555.55 on NF and 5548 on NS , its in down trend on daily TF. NF DSP 6111.8 and NS DSP - 6082.3
rgds |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2218 Posted: Wed Apr 10, 2013 1:33 pm Post subject: |
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| 15 mins reversal point at 5534.95 NF now. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2219 Posted: Wed Apr 10, 2013 6:40 pm Post subject: |
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nf 15 min: USP 5480
NF 30min: DSP 5622 |
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mogili
Green Belt
Joined: 29 Jan 2013
Posts: 1025
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| Post: #2220 Posted: Wed Apr 10, 2013 9:07 pm Post subject: |
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| Pl expand USP/DSP so that new comers like me can understand the full implication of the strategy. Sorry for asking this question. |
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