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Trading based on "TREND DEVIATION" indicator |
daitya
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Joined: 06 Apr 2009
Posts: 9
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Post: #46  Posted: Sun Jun 07, 2009 11:49 pm Post subject: bharti |
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Bharti airtel
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Trade Master
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Joined: 27 Apr 2009
Posts: 44
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sriki_r
White Belt
Joined: 05 Apr 2009
Posts: 15
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| Post: #48 Posted: Tue Jun 09, 2009 6:16 pm Post subject: Nifty - EOD |
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Trade Master,
On 8th Jun EOD, the Nifty's TRD came down almost to 1 and then today 9th Jun, it has bounced back up to 1.0365.
Do we consider this as an uptrend going forward? Because all other indicators like MACDO still showing sell.
Thanks,
Sriki_r
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #49 Posted: Tue Jun 09, 2009 8:09 pm Post subject: Re: Nifty - EOD |
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| sriki_r wrote: | Trade Master,
On 8th Jun EOD, the Nifty's TRD came down almost to 1 and then today 9th Jun, it has bounced back up to 1.0365.
Do we consider this as an uptrend going forward? Because all other indicators like MACDO still showing sell.
Thanks,
Sriki_r |
Hello Sriki_r
If you would have been watching SB on 8th and 9th June, I was shouting always that Closing of 8th wasnt's convincing for carrying Shorts. As per TRD + MACDO method, TRD should cross 1 levels BEFORE or TOGETHER with MACDO crossing 0 level, and as per your attached Nifty EOD Charts, 8th Closing was with MACDO crossing 0 levels before TRD, so that was a clear False BD !!! I am long since today morning and carrying it also overnight hoping for continuos uptrend in Nifty.
Thanx
TM
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rsnagesh
White Belt
Joined: 08 Mar 2007
Posts: 34
Location: COIMBATORE
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| Post: #50 Posted: Wed Jun 10, 2009 10:56 pm Post subject: LONG IN NIFTY -REG. |
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Dear Sir,
I really have a doubt that SENSEX wont surpass the levels of 15550 to 15869 range. Accordingly NIFTY spot also would forced to face a retracement. Unless and until 15550 to 15869 range would get taken out upward by applying the gap up method, We wont come across a high both in SENSEX and correspondingly in NIFTY SPOT sir.
But the GAP UP formula only can fullfill your Long in NIFTY target sir. Moreover, NIFTY AND SENSEX both are trading at more than 21 times OF ITS RECORDED EARNINGS SO FAR. A caution in long holding is must at this point of time. SPOT NIFTY'S & SENSEX'S 4 QRTS. TRAILING EPS WERE AT 219.17 & 744.32 respectively.
This is for your kind information,
With regards,
(R.S. NAGESH).
P.S.: IF THE ABOVE LEVELS WOULD TAKEN OUT UPWARD THEN THE POSSIBLE TARGET FOR SENSEX WOULD BE 16200 TO 17150.
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sray
White Belt
Joined: 28 May 2009
Posts: 1
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| Post: #51 Posted: Thu Jun 11, 2009 5:24 pm Post subject: MACCD TRD Crossover |
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Hi Trade master,
These Indicators have been a good revealation. Thank You. Two further Queries on the cross over interpretation:
1. In case of a cross over of MACDO before TRD in an upward trend it generally turns out to be a false BO, How do we interpret the cross over in an down trend wrt MACDO crossover before or after TRD.
2. There are instances where the hourly indicators will show a different trend as against daily charts. What do you suggest as a more definite signal to read hourly/daily to inititate trades?
Rgds,
S ray
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #52 Posted: Thu Jun 11, 2009 8:22 pm Post subject: Re: MACCD TRD Crossover |
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| sray wrote: | Hi Trade master,
These Indicators have been a good revealation. Thank You. Two further Queries on the cross over interpretation:
1. In case of a cross over of MACDO before TRD in an upward trend it generally turns out to be a false BO, How do we interpret the cross over in an down trend wrt MACDO crossover before or after TRD.
2. There are instances where the hourly indicators will show a different trend as against daily charts. What do you suggest as a more definite signal to read hourly/daily to inititate trades?
Rgds,
S ray |
Hello Ray sir
For your 1st query, same thing applies as in case of Uptrend..If in a downtrend, if MACDO crosses over 0 level before TRD crosses 1 level, the same generally turns to be a FALSE Break-Down.
For 2nd query, all the indicators give diff scenarios in Hourly & EOD charts !!! Still, general rule applies to all indicators that if EOD is suppose bullish then go to Hourly charts (as in above mentioned query), look for uptrend trade when TRD confirms upmove and go LONG. This is PLAYING WITH THE WIND...One should avoid/ be carefull if he goes SHORT by watching Hourly charts, when the EOD charts are in Uptrend...Generally, that dip will be a low profit earning opportunity. This is PLAYING AGAINST THE WIND....So, overall, if EOD is positive, look for BUY signals only in hourly charts to trade, and vice-versa if EOD is negative.
Thanx
TM
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kishy99
White Belt
Joined: 10 Feb 2009
Posts: 13
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| Post: #53 Posted: Fri Jun 12, 2009 4:16 pm Post subject: |
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Hi Trade Master,
I have been going through this thread for some time now. First of all, thank you for bringing such a wonderful combo to our notice. Just have a small query though. You said in a previous post "............. As per TRD + MACDO method, TRD should cross 1 levels BEFORE or TOGETHER with MACDO crossing 0 level, .......". In the chart below MACD crossed 0 before TRD on 4th june and that was infact a false signal. My question is now how do we trade this since MACD is very low (-92.93), and TRD is at 0.983. Do we wait for TRD to go down as well and then wait for both TRD and MACD to come back up and cross the 1 and 0 levels respectively to go long. Hope you are getting what i am saying.
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san77s
White Belt
Joined: 13 Jan 2009
Posts: 41
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| Post: #54 Posted: Fri Jun 12, 2009 7:53 pm Post subject: |
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TM Sir,
I add one more question with Kishy99, Shall we initiate a short after TRD break 1 level, MACDO was break 0 level much before like the chart was attached by Kishy99.
Thanks & Regards,
S.Saravanan
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san77s
White Belt
Joined: 13 Jan 2009
Posts: 41
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| Post: #55 Posted: Mon Jun 15, 2009 9:35 pm Post subject: |
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TM Sir,
One more doubt ...
If the day end with TRD near 1 from higher level next day morning what are all the factor we watch to initiate the short. I was taken a bunch of scrip was touch 1 level or very near to one level based on Friday close.. Most of the share today given a very good return.
In the morning we don't know how the market will behave so that which factor we must look in the morning and how we get confirmation whether we are in right track. If u explain with a chart that will help us to use this method in a effective way.
Few min back you mention about your work load, kindly bear with us as a teacher of us...
Thanks & Regards,
S.Saravanan.
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #56 Posted: Wed Jun 17, 2009 9:51 pm Post subject: |
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| san77s wrote: | TM Sir,
One more doubt ...
If the day end with TRD near 1 from higher level next day morning what are all the factor we watch to initiate the short. I was taken a bunch of scrip was touch 1 level or very near to one level based on Friday close.. Most of the share today given a very good return.
In the morning we don't know how the market will behave so that which factor we must look in the morning and how we get confirmation whether we are in right track. If u explain with a chart that will help us to use this method in a effective way.
Few min back you mention about your work load, kindly bear with us as a teacher of us...
Thanks & Regards,
S.Saravanan. |
Hello S.Saravanan
First of all, my apology for delay in reply....The strategy based on EOD charts with TRD near 1 level, coming from highs on day "T" is to Short near close of the day.... The next day ("T+1"), as per swings will give u a nice opportunity to cover ur call at lower levels. Some basic things which need to be watched next day are:
1.) See if TRD is able to cross 1 levels fully? If yes, then see MACDO..is it also coming down to 0 or exactly 0? If bith the things are YES, you may pls hold the trade till EOD for sure...
2.) If TRD is not able to cross 1 levels, but MACDO is coming down continuosly and ultimately touching 0, then as per TRD+MACDO strategy it is False breakdown (Almost !!!), so exit ur shorts initiated...
All these thing need to be checked on EOD charts only, Also , u can take trend confirmation from 30 min/ 60 min charts...
See, In all overnight Swing calls ,even apart from TRD based, one need to check such things regularly on next day.... Every indicator/ Oscilator/MA based trade if open overnite for swing, pls do check thorougly next morning with confirmation from 30 min/ 60 min Charts.
Thanx
TM
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #57 Posted: Wed Jun 17, 2009 9:59 pm Post subject: |
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| kishy99 wrote: | Hi Trade Master,
I have been going through this thread for some time now. First of all, thank you for bringing such a wonderful combo to our notice. Just have a small query though. You said in a previous post "............. As per TRD + MACDO method, TRD should cross 1 levels BEFORE or TOGETHER with MACDO crossing 0 level, .......". In the chart below MACD crossed 0 before TRD on 4th june and that was infact a false signal. My question is now how do we trade this since MACD is very low (-92.93), and TRD is at 0.983. Do we wait for TRD to go down as well and then wait for both TRD and MACD to come back up and cross the 1 and 0 levels respectively to go long. Hope you are getting what i am saying. |
Hi Kishy99
In such zone where MACDO is very low, and TRD in whipsaw zone, kindly wait till TRD gets clearly in to a particular zone, with MACDO also following it...In your provided scenario, firstly TRD will give some whipsaws and then eventualy will take MACDO towards its own direction soon...U should try to catch that Trade.
Thanx
TM
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #58 Posted: Wed Jun 17, 2009 10:02 pm Post subject: |
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| san77s wrote: | TM Sir,
I add one more question with Kishy99, Shall we initiate a short after TRD break 1 level, MACDO was break 0 level much before like the chart was attached by Kishy99.
Thanks & Regards,
S.Saravanan |
Hello,
No, as per TRD + MACDO combination, the thumb rule is TRD should cross 1 level BEFORE or TOGETHER with MACDO crossing 0 levels...if MACDO crosses 0 levels BEFORE TRD 1 level, its False BD/BO, maximum count of times.
Thanx
TM
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daitya
White Belt
Joined: 06 Apr 2009
Posts: 9
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Trade Master
White Belt
Joined: 27 Apr 2009
Posts: 44
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| Post: #60 Posted: Wed Jun 17, 2009 10:49 pm Post subject: Re: afl for trd |
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| daitya wrote: | Hi friends..
I am uploading the afl (for ami) for trd..
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Thanks Man...this will be of gr8 use to ami traders!!
Thanx
TM
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