iCharts Discussions

[Jai2000]

Jai,

Really good work. Keep it up

Spec sir,

Thank you very much. Dont know how to thank for your RSI5. It's just amazing

Thanks & Regards,
Jai

[rainbow]

Jai:

i had thought 5tf along with RSI 5 OB-OS conditions was your baby

anyways, this thread is moving along nicely.

btw, strange inverse oincidence that I went long at open on educomp after the first 5tf candle around 438 exited at 1%. and twice more without rejection, but at the same level and same result. funny.

btw, you were discussed at some length during the meet yesterday

have a fun sunday.

Cheers
DJ

[Jai2000]

Dj,

you were discussed at some length during the meet yesterday - really happy to hear.......

You are lucky as ever in edu's Friday trade. Yes i follow RSI5 OB-OS signals, but never use it for against the trend. Edu is in downtrend in all TFs include 60TF. 483.25 is the 15Tf pivot & 459.20 is the 5 Tf pivot. 428 should break for new pivot.....

Regards,
Jai

[rainbow]

Jai

yes, spec mentioned you in context of 5tf -rsi5 trades for intra

yes, btw, was it a correct trade at 9:20? the previous day's last red candle and friday's first green candle forming a 5tf valid rej? do tell.

btw, will post photos of the meet yday on the forum. Manju has taken the pics.

Cheers

DJ

[Jai2000]

Dj,

Still the answer is "NO" .That's not a correct trade based on 5,15 TF's Trend. But below 5 TFs are uptrend, i didnt backtest anything below 5TF, so no comments from my side. Dj apart from all....430 would hav been yr Sl which is above 2% . Really i cant trade with 2% Sl for intra. Friday my total loss is just 7.25 only in 3 trades......

Regards,
Jai

[rainbow]

Jai:

I had guessed u might say this

my sl was slightly more than 1% since I had taken preclose (433) as sl. this trade was a cocktail of oh-ol and 5tf. the entirely wrong mixture I know, but the trades turned out ok. will not do this again. God promise

enjoy the sunday. will send the pics when available.

btw, I had not looked at charts less than 5tf, so did not even figure if it was in the trend or contra. More learning. thank you saar.

btw, i took that 7.25 in educomp from u friday , plus some. same 3 trades at ~1% each time, but long.

Cheers

DJ

[Speculator]

Nifty:

If Nifty manages to break 5592 today, we would enter a uptrend.

15-min: Downtrending, Downswing Pivot 5592
30-min: Downtrending, Downswing Pivot 5592


Copper:

Copper broke the 404.75 pivot and entered a uptrend on friday.

15-min: Uptrending, Upswing Pivot 393

- Speculator

[tripathi_manu]

[GAJ]

Are we long in axis bank 30 min?

[jjm]

Dear all

No change in pivots for SBI and RIL

SBI : Down trending in 15 & 30 tf with DSP 2727.65

RIL: Down trending in 15 & 30 tf with DSP 987.85

Regards,

JJM

[Jai2000]

GAJ,

Yes Axis, 15, 30 TFs are in uptrend. 60 & 5 Tfs are in Dwn rtrend. 5TF today broken 1232 .So again Dwn

Regards,
Jai

[Jai2000]

Raja,

Here my today's NF trade in both way. (only Intra).First dwn rej entrd after RSI 5 OB, both 15 & 5 was in OB. second trade i enterd uprej after RSI 5OS....

Regards,
Jai

[sathya999]

[rainbow]

Hi jai

can u pl mention ur entry/exit/sl on the nifty down trades?

thanks!

DJ

[Jai2000]

Dj,

that chart speaks allllll. Always my entry would be first tick of the rejection candle( today's case it's 5547 sl 5574) Suppose the rej candle's close above RSI5 70 or below 30, i'l wait sometimes for entry.

Regards,
Jai