| View previous topic :: View next topic |
| Author |
Trading STOCKS using Swing pivot system |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
Post: #166  Posted: Thu Jun 07, 2012 10:40 am Post subject: Re: hi |
 |
|
| bharatpatel wrote: | sumesh ji,
Zeel also in up trend
pls have a look.
Bharat. |
Hi Bharat, Zeel is not the type of stock to trade with SSPS.. Try to find trending stocks.. Just look at past 3-4 month's price action of zee, and you will realize it..
|
|
| Back to top |
|
 |
|
|
|
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
|
| Post: #167 Posted: Thu Jun 07, 2012 12:47 pm Post subject: Re: VOLTAS |
|
|
| sumesh_sol wrote: | | sumesh_sol wrote: | VOLTAS
========
Voltas is in uptrend only as per SSPS.. however I'm taking this rej. trade as it has broken falling TL as well as previous high before rej...
I'd like to clarify that these are NOT requirement of SSPS, but just to give my long a bit more conviction.. SSPS basic requirements are all met anyways.
SL is 95.1.. |
Booked 50% at 103 (34 ema on eod).. TSL 100 now.. |
ur voltas study with ssps ......v.good.
|
|
| Back to top |
|
|
Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
|
| Post: #168 Posted: Thu Jun 07, 2012 3:19 pm Post subject: |
|
|
IMO Tata steel rejection in cash happened at 12pm 15m tf.. where to place the stoploss in such cases...it will help if some one mark the stoploss on the chart.
Regards
Amigo
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #169 Posted: Thu Jun 07, 2012 3:44 pm Post subject: |
|
|
| Amigo wrote: | IMO Tata steel rejection in cash happened at 12pm 15m tf.. where to place the stoploss in such cases...it will help if some one mark the stoploss on the chart.
Regards
Amigo |
Please refer to the chart.
If you consider 8ema slope also , then valid rej. was @1245 candle. However, SL was taken out by 1415 candle..
regards,
Sumesh
| Description: |
|
| Filesize: |
34.86 KB |
| Viewed: |
427 Time(s) |
|
|
|
| Back to top |
|
|
Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
|
| Post: #170 Posted: Thu Jun 07, 2012 3:59 pm Post subject: |
|
|
| Thanks Sumesh for clearing my doubts..
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #171 Posted: Thu Jun 07, 2012 4:33 pm Post subject: Reliance |
|
|
RELIANCE-1M
===========
Here is one peculiar situation. Valid Rejection came in very last candle, and we need to take position "above" high of rejection candle. Now this is obviously not possible as market closed.
There can be two scenario tomorrow:
1.) It opens gap-down, in which case as long as SL is protected we can expect price to come back and cross high of rej. candle for entry.
2.) It opens gap-up, however, after opening if price retraces and comes near to rej. high level, we can enter. If it goes higher and higher ...well.. there's always next time..
This is what I can say about trading this scenario.. Any more suggestions please ?
| Description: |
|
| Filesize: |
36.36 KB |
| Viewed: |
444 Time(s) |
|
|
|
| Back to top |
|
|
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
|
| Post: #172 Posted: Thu Jun 07, 2012 5:22 pm Post subject: |
|
|
| Sumesh, for reliance, entry above 725 with sl 717. Is it correct ?
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #173 Posted: Thu Jun 07, 2012 9:26 pm Post subject: |
|
|
| sonila wrote: | | Sumesh, for reliance, entry above 725 with sl 717. Is it correct ? |
Yes, entry above 724.25 & SL 716.5 ..to be precise...
|
|
| Back to top |
|
|
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
|
| Post: #174 Posted: Fri Jun 08, 2012 10:05 am Post subject: |
|
|
| Sumesh, reliance buy not triggered, now, we r below sl also, so.....what next...........
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #175 Posted: Fri Jun 08, 2012 10:07 am Post subject: |
|
|
| sonila wrote: | | Sumesh, reliance buy not triggered, now, we r below sl also, so.....what next........... |
Reliance previous rej. is nullified as it went below SL level.. Now the moment fresh rej. comes , we can enter..
By the way, I entered into Voltas again with fresh rej.. (Lagata hai India main garmi kuch jyada ho gayi hai  )
|
|
| Back to top |
|
|
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
|
| Post: #176 Posted: Fri Jun 08, 2012 10:14 am Post subject: |
|
|
| Sumesh,can u plz post recent voltas chart with sl, rejection candle......plz.
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #177 Posted: Fri Jun 08, 2012 10:29 am Post subject: |
|
|
| sonila wrote: | | Sumesh,can u plz post recent voltas chart with sl, rejection candle......plz. |
| Description: |
|
| Filesize: |
63.98 KB |
| Viewed: |
443 Time(s) |
|
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #178 Posted: Fri Jun 08, 2012 10:35 am Post subject: SBIN |
|
|
SBIN..
Entered into SBIN Long..
| Description: |
|
| Filesize: |
49.29 KB |
| Viewed: |
461 Time(s) |
|
|
|
| Back to top |
|
|
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
|
| Post: #179 Posted: Fri Jun 08, 2012 11:05 am Post subject: Relienace..15tf |
|
|
RELIANCE.. 15tf.. rej. @ 1100 candle..
Long ON
|
|
| Back to top |
|
|
Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
|
| Post: #180 Posted: Fri Jun 08, 2012 11:13 am Post subject: |
|
|
Sumesh bhai. your charts are helping a lot in removing grey areas from my brain about this system..kindly keep them coming for better understanding
Thanks
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
