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Swing Trading : The Speculator way |
rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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Post: #586  Posted: Mon May 09, 2011 10:26 pm Post subject: TATASTEEL - Pivots for 10th May 11 |
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Thanks Jai for your trade description.
Jai - As per Spec sir's method, I traded bearish rej in 15 tf on 9th - 10.30 AM candle. Is it right? I got stopped out and had a losing trade.
TATASTEEL - 15 TF - 9th May 11
Downtrend (No change)
Down Swing Pivot for Cash - 634.7
Down Swing Pivot for Futures - 602.25
TATASTEEL - 5 TF - 9th May 11
Uptrend
Up Swing Pivot for Cash - 590.2
Up Swing Pivot for Futures - 590.5
Thanks!
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #587 Posted: Mon May 09, 2011 11:02 pm Post subject: Trading Rej |
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Raja,
If u can see my charts i always follow red green combination. eg upside red/ green close & down side Green/ red close. If colour doesnt matter for u then that's a valid rejection.(10.30 am candle)
Regards,
Jai.
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #588 Posted: Tue May 10, 2011 7:57 am Post subject: Swing pivots - May 10 |
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Nifty:
15-min: Downtrending, Downswing Pivot 5592
30-min: Downtrending, Downswing Pivot 5592
Copper:
15-min: Uptrending, Upswing Pivot 396.5
- Speculator
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #589 Posted: Tue May 10, 2011 10:22 am Post subject: |
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As per our methodology, I think we can go long on last white candle on 30 min nifty.
Jai / Spec, could you pls confirm?
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #590 Posted: Tue May 10, 2011 10:26 am Post subject: |
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NF downswing pivot 5592 is taken out.
NF is uptrending now. Upswing pivot 5443.
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #591 Posted: Tue May 10, 2011 3:09 pm Post subject: |
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down trend again on 30 min nifty.
Are we getting whipsawed?
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #592 Posted: Tue May 10, 2011 3:26 pm Post subject: |
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| GAJ wrote: | down trend again on 30 min nifty.
Are we getting whipsawed? |
No downtrend on nifty according to spec's method on NF 30 min chart.
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #593 Posted: Tue May 10, 2011 3:49 pm Post subject: |
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| vinst wrote: | | GAJ wrote: | down trend again on 30 min nifty.
Are we getting whipsawed? |
No downtrend on nifty according to spec's method on NF 30 min chart. |
oh.. where is the pivot?
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #594 Posted: Tue May 10, 2011 4:40 pm Post subject: Rej Trades |
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GAJ,
If you can attach chart with yr entry point, it would be easy to someone answer you, whether yr entry right or wrong
Regards,
Jai.
(today Axis Sl hit )
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #595 Posted: Tue May 10, 2011 4:48 pm Post subject: |
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Jai,
can you pl explain for axis bank where is the entry and where is the stop loss, I suppose it is for interday
thanks
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #596 Posted: Tue May 10, 2011 5:10 pm Post subject: |
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| GAJ wrote: | | vinst wrote: | | GAJ wrote: | down trend again on 30 min nifty.
Are we getting whipsawed? |
No downtrend on nifty according to spec's method on NF 30 min chart. |
oh.. where is the pivot? |
i am attaching chart 30mnt tf minifty. My understanding we are still in uptrend because upswing pivot 5502 not yet taken. Seniors pl confirm.
thanks
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #597 Posted: Tue May 10, 2011 5:24 pm Post subject: |
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Hi Jai ,
could you please post clear entry and exit rules with stoploss management?
(probably with example charts)
That would be very useful for new traders like me.
thanks again for the great efforts you are putting in.
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #598 Posted: Tue May 10, 2011 5:30 pm Post subject: Axis Intraday Trade |
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Prabit,
Ys it's purely intra trade. My entry was @1235.50 & sl 1224.10. Axis still uptrend in 15Tf pivot is1202.65.
Regards,
Jai
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #600 Posted: Tue May 10, 2011 6:09 pm Post subject: |
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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
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