iCharts Discussions

[shekharinvest]

Sherbaaz


Please see the attached chart which is self explanatory.

Rest all has been explained in my earlier post.

After big moves reentries are not advised but one can attempt as described with Intra objectives and at the close of the day, if you are in a comfortable position say 60 - 80 points in profit one may take the overnite positions.

Hope it helps.

SHEKHAR

[sherbaaz]

[sandew]

Hi Shekhar,
Long Time

You would recall Spec had commented in SB somewhere in jan 2010 that he prefers 13ema for 60M, and he did not have a better comrade in his teaching than you.
Have you switched to 34 ema for 60M

Incidentally with 13 ema 5973 indeed qualify for a Swing , and is very much same in value as many of the SAR levels people follow and post on the net.

I see a bounce from 5711 NS, 5730 NF.

Always a pleasure to read your posts.

[shekharinvest]

Sandew,

Hi, thanks for comments. Hope you are doing well in your trading.

If you remember we started with 15 min then 30 min and latter on moved upto 60 min TF when the index was trading in a range. I still prefer 30 Min with 34 EMA's, rest all is matter of choice.

The answer was specific to Sherbaaz's queries based on 34 EMA's and 60 min. You are absolutely right when we take 13 EMA and even 21 EMA on 60 min TF Swing pivots would have been as suggested by you.

I have only attempted to clarify whatever little knowledge I have gained in the company of Speculator.

I am still in the process of learning and it helps if some one puts up questions. I presume Speculator is still around and will come up with his valuable comments as and when required.

Hope to rejoin this wonderful community in SB soon.


SHEKHAR

[shekharinvest]

Hi,

Today it offered an opportunity to initiate longs. Levels posted are Nifty Spot only.

Type-II entry. One just needs to Pray only.

SHEKHAR

[vinst]

NF has already entered short below today's 10'o clock bar on 30min chart.

vin

[shekharinvest]

[shekharinvest]

[vinst]

It means I was mixing methods

need to read again

[sandew]

Hi Shekhar,
and Vinst

Shekhar, Thank you for your wishes. I am doing fine.

On 60M / 13 ema there was never a follow through to go long on the next candle on Dec 15th. RSI was also non-supportive.

On 15M/34 ema RSI was not supporting the price breakthrough of 34 ema, but still if you entered long 15M chart basis you were soon stopped out with no loss.

A good entry has been today Dec 16 on break of 5902. A decisive close above 5954 would have given assurance to carry overnight the longs.

PS. JoJo explained his fractal set up in SB archive April 4-6, 2010.

[vinst]

[shekharinvest]

Warm And Heartfelt New Year Wishes.


SHEKHAR

[vinst]

Hi Shekhar and all thread-mates,

I wish you Happy New Year 2011 !

regards
vin

[Jai2000]

Dear All,

Today the First anniversary of Speculaor method in this forum.I thankfully remember spec sir& all, now and ever.I can no other answer makes,but,thanks &thanks.This method really helping me lot to make decent &healthy income.Heartly thanking to ichart team specially PT &ST sirs, for giving us oppertunity to learn something from seniors in SB.Thanks to sekhar sir-without you this thread might not happend!Thanks to sms,Rvgandhi,sandew etc., who were the main persons to learn this method from spec sir.Thanks to all seniors-Mayurnsk,Jimmie,Saikat,Sesha sir,veerappan &all.Special Thanks to Jimmie too!You are helping me silently by your"Open Price".I made it for me and doing intra with very succesfully.
Icharts & above all persons Lightning in my trading Life.Once again thanks to Spec sir,Jimmie,Sekharsir & ichart team!

Expecting this kind of supports ever.
Regards,
Jai

[aromal]