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The Power of Number 44 |
forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #106 Posted: Wed Mar 14, 2012 9:34 am Post subject: |
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tudays table i had kept selling blw 5500,is it correct pls confirm?
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #107 Posted: Wed Mar 14, 2012 9:55 am Post subject: |
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ramesh,tudays table i had kept selling blw 5500,is it correct pls confirm?
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pvramesh White Belt
Joined: 01 Jan 2011 Posts: 35
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Post: #108 Posted: Wed Mar 14, 2012 10:20 am Post subject: |
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today nifty future opened at 5531 and could not cross 5542 to reach 5544 and presently trading at 5516-17. Today is railway budget also. hence we can not draw any conclusion that it is down trend. If you have placed order below 5500 (next level) it is ok. but market may reverse back on budget blues. So beware at least for this day.
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #109 Posted: Wed Mar 14, 2012 11:05 am Post subject: |
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ramesh,tel me onething this 44 nos startegy is delivery or intraday? nd if its delivery ,how tu buy\sell at 3.25 fr delivery?
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #110 Posted: Wed Mar 14, 2012 11:16 am Post subject: |
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ramesh,i solded at 5500,pls tel me wat tgt ,sl tu be kept according tu 44 nos sheet?
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pvramesh White Belt
Joined: 01 Jan 2011 Posts: 35
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Post: #111 Posted: Wed Mar 14, 2012 11:17 am Post subject: |
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to the best of my knowledge this strategy is for TRADING be it intraday or for delivary. If you are confident that in next coming sessions the stock/future/option level can move from the delivary level (positive or negative) then take RISK of delivary.
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #112 Posted: Wed Mar 14, 2012 11:21 am Post subject: |
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ramesh,i understood ur explaination,tell me onething wat sl nd tgts tu be kept in case of delivery\intraday ,should i keep 44 on both sides?
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pvramesh White Belt
Joined: 01 Jan 2011 Posts: 35
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Post: #113 Posted: Wed Mar 14, 2012 11:27 am Post subject: |
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in case you have shorted nifty future at 5500 level then your sl is 5511,5522 like so as per chart. Always the stop loss depends upon once appetite for risk taking. Is it not wise to have stop loss at 5511 than 5544? Stop Loss is an emergency exist from market to minimise your loss in case market turns hostile to your thinking of market trend. Again your target for shorting 5500 will be 5489, 5478 so on. Trailing stop loss can also be applied accordingly.
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #114 Posted: Wed Mar 14, 2012 11:30 am Post subject: |
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ramesh,which chart has tu be seen while seeing 44 nos trading,any indicators,parameters fr it if yes then pls tell me?
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pvramesh White Belt
Joined: 01 Jan 2011 Posts: 35
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Post: #115 Posted: Wed Mar 14, 2012 11:40 am Post subject: |
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i follow icharts premium / options with different time frame like 3,4,5,mts for day trading with macd indicator and rarely carry over my position unless very sure of next day market trend.
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #116 Posted: Wed Mar 14, 2012 11:44 am Post subject: |
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ramesh,did u solded nifty/
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sambhaji_t White Belt
Joined: 31 Mar 2008 Posts: 135
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Post: #117 Posted: Wed Mar 14, 2012 11:57 am Post subject: |
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RR / VINST Sir,
Please see the image and clarify my doubt - should I wait for SL to hit or exit the position with double qty @ 68/-
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #118 Posted: Wed Mar 14, 2012 11:58 am Post subject: |
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ramesh,i booked 1st lot at 5488,2nd lot at 5478 now i have modified my sl of 5522 5500...is it gud tu trade like this?
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #119 Posted: Wed Mar 14, 2012 12:28 pm Post subject: |
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ramesh,du u trae intraday,in which stock u trade?
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #120 Posted: Wed Mar 14, 2012 2:10 pm Post subject: |
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botted at 5500
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