iCharts Discussions

[Jaii]

RK sir,

hello ! No spl reason....! My entries are mostly "perfect" based on this system,but exit was always poor- "Early Exit". So i found this 5Tf pivot for TSl & really enjoying the Swing Trades!

Jai

[sumesh_sol]

[nsk1371]

hi all, attached l&t 15tf. spot chart in down trend dsp 1397.. is it right time to short ( 15tf. rsi ob)

[amit0666]

hello nsk ,sumesh
i dont understand about this system pls clarify in bata what is sl and tgt

[Nilay]

Hello Jai200 sir and jaii sir,Im new to this system n trying to understand it properly.
Im tracking Reliance feb future 5 TF.Its USP was 842.5 on 7th feb 14:30 candle close.broke on 10 th feb 12:30 candle.Now we have to wait for rejection from 34 ema.
Im finding difficulty in identifying rejection candles.
As per my little knowledge there are four rejection candles
1)13 th feb 14:30 candle,sl previous candle high which got hit.
2)Again 13 th feb 15:15 candle ,but it was vey near to market close.
3)next day 14 feb 10;30 candle but again in this case sl hit previous candle high.
4)Again 14 th feb 14:30 candle with sl previous candle high was 858.45.But today in the morning sl got hit(todays high 859) n after hitting sl it came down upto 841.
Was my entry pts n exit pts are correct or need some modification.
I know so many people have asked u these same questions.But sincerely it wll be very very helpful to me if u answer my query.
Thanks
nilay

[chetan83]

Dear All,

Enough of BULL run.....now lets concentrate on Reliance IND....trying to figure out a good move based upon 30 min TF....short around 842-844 level IF there is any rejection tomorrow...target can be below 820. IF there is bullish rejection then BUY around 846-848 with 833-830 as SL for Target 865 ++. (ET - By friday)

Regards,
Chetan.

[Jaii]

Nilay,

hellloooo! Pivot points are correct ,but entry -exit was completely wrong! There s no point to take 4 rejections.Rel hd given just one dwn rej entry btwn 13 to 15 th feb, no SL hit.

On 13th, 14.54-14.59 hrs candles are valid down rej. Yr entry would hav been below 14.59 hrs candle which was below 856.Pivot is too far so u can keep SL as day's high.

After yr entry point, the stock didnt move abv yr SL, so no point to search next rejection.

finally today only we got new low & now 845.60 is new DSP in 5TF.

Regards,
Jai

[kiranlegend]

Jaii, how many points as filter you would give while keeping the sl or tsl in 5 tf and 15 tf resp?

[Arjun20]

Jai Bhai.
Suppose coming to RIL query. If someone had not entered on 13feb.
Then was there opportunity for him to take short on 14feb bet 10-11am.
If yes- then what shud be SL?
or whether we shud wait for price to go to other side of 34ema and wait for it to again resume downsside ? (like 14 feb 2.30candle)

Also u mentioned earlier u take 5tf trades for intra only. Now, if one had to enter in 15TF's trend, can he enter on 5TF basis and carry forward overnight?

[Jaii]

Kiran,

I dont use Filter for my swing trades! (both Sl or TSL- blindly pivot)

Jai

[Jaii]

Arjun,

If you mised entry on 13th, then u hav to wait for nxt rej else u can enter wth 13th high as sl.

On 10th feb Rel broken 15Tf USP too! So he can carry overnight & once his Sl taken out @ open by gap, as spec sir mentiond he must use first 5 tf candle's high as Sl.

Arjun i was just explaind to his query, hope he read all conditions mentiond by Spec sir!!!!!!

Jai

[Jaii]

Nilay,

Most imp - If you are very new to this system,pls dont trade 5TF! 15Tf is safe & best!!!!!!

Jai

[amolghodekar]

[chetan83]

[Nilay]