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Trading STOCKS using Swing pivot system |
sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #181 Posted: Fri Jun 08, 2012 11:26 am Post subject: |
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Arjun20 wrote: | Sure Sumesh bhai,
curr i too concentrate on NF only. But i will take Tata steel and reliance CASH. |
Arjun , where are you bhai.. Tumhara kaam(reliance) bhi mujhe karna pad raha hai..
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Arjun20 Yellow Belt
Joined: 23 Jun 2011 Posts: 945
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Post: #182 Posted: Fri Jun 08, 2012 2:57 pm Post subject: |
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sumesh_sol wrote: |
Arjun , where are you bhai.. Tumhara kaam(reliance) bhi mujhe karna pad raha hai.. |
Aisa hain kya...
Maine suna hain ke Voltas ke A.C. mein baithnese jyaada effciently kaam hota hain. So socha tum mera kaam kar loge ar mein garmi se rahat paane ke liye thoda ghum ke aau...
Sumesh...sorry bhai. Stuck up in some urgent clerical work. Even could not trade Nifty and missed that nice ww
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #183 Posted: Fri Jun 08, 2012 3:14 pm Post subject: Re: SBIN |
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sumesh_sol wrote: | SBIN..
Entered into SBIN Long.. |
Few things to share:
1.) SL can be kept with a little margin... See in case of SBI, it took out SL marginally then back into +ve ...
2.) In case nf rej. is having wide SL like this one, try minifty... If it fits into your allowable SL limit, take it...
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #184 Posted: Sat Jun 09, 2012 8:30 pm Post subject: |
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Sumesh, have u noticed, a very good bullish long entry happened, yesterday in larsen and turbo = lt, in 2.30 candle close, in 15-tf, from 34- ema and resulted in v.good upmove.
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #185 Posted: Sat Jun 09, 2012 11:01 pm Post subject: |
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sonila wrote: | Sumesh, have u noticed, a very good bullish long entry happened, yesterday in larsen and turbo = lt, in 2.30 candle close, in 15-tf, from 34- ema and resulted in v.good upmove. |
Yes, it was a valid rej. , but you can(and should) track only limited nos of scrips(2-3 max) . If you are tracking and trading LT , it must have given you a decent profit... I took SBI & Reliance trades other than nf. y'day..
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #186 Posted: Mon Jun 11, 2012 12:03 pm Post subject: LT |
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LT..
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Valid Rej.. Though I'm not trading, for those who trade LT can see this
Description: |
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #187 Posted: Mon Jun 11, 2012 12:22 pm Post subject: Re: LT |
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sumesh_sol wrote: | LT..
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Valid Rej.. Though I'm not trading, for those who trade LT can see this |
SUMESH,
The bullish rejection, u mentioned, in LT, is from 8-ema, not from 34-ema.
Sometimes, 8-ema rejections become weak ones in comparison to 34-ema rejections. Still i longed l&t.
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #188 Posted: Mon Jun 11, 2012 12:25 pm Post subject: Re: LT |
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sonila wrote: | sumesh_sol wrote: | LT..
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Valid Rej.. Though I'm not trading, for those who trade LT can see this |
SUMESH,
The bullish rejection, u mentioned, in LT, is from 8-ema, not from 34-ema.
Sometimes, 8-ema rejections become weak ones in comparison to 34-ema rejections. Still i longed l&t. |
In fact, it is other way round, if you are getting a rej. even before price test 34 ema it means bullishness is more.
However, one should enter only on break of rej. candle's high.(here high is 1316.5). SL as such should be 1305, but learning from my previous experience, I'm keeping it a little low at 1301.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #189 Posted: Mon Jun 11, 2012 12:35 pm Post subject: |
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sumesh,
for stocks, i think, normally, u r keeping, 1% as tgt. Is it correct ?
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #190 Posted: Mon Jun 11, 2012 12:38 pm Post subject: |
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sonila wrote: | sumesh,
for stocks, i think, normally, u r keeping, 1% as tgt. Is it correct ? |
I try to book 50% at 1:1 , and rest trailing SL.. however, everyone can have their own money management depending on risk amount...
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #191 Posted: Mon Jun 11, 2012 12:42 pm Post subject: |
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sumesh_sol wrote: | sonila wrote: | sumesh,
for stocks, i think, normally, u r keeping, 1% as tgt. Is it correct ? |
I try to book 50% at 1:1 , and rest trailing SL.. however, everyone can have their own money management depending on risk amount... |
for tsl, what u use normally ?
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #192 Posted: Mon Jun 11, 2012 12:49 pm Post subject: |
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sonila wrote: | sumesh_sol wrote: | sonila wrote: | sumesh,
for stocks, i think, normally, u r keeping, 1% as tgt. Is it correct ? |
I try to book 50% at 1:1 , and rest trailing SL.. however, everyone can have their own money management depending on risk amount... |
for tsl, what u use normally ? |
Low of the previous candle - 0.5* ATR
(ATR is an indicator. keep the cursor at any candle , correspoding to that you can see ATR value the lower section.)
This keep on increasing as new highs are made. However, if you get a big candle offering you decent return, there is no harm in booking there also.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #193 Posted: Mon Jun 11, 2012 12:59 pm Post subject: |
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sumesh_sol wrote: | sonila wrote: | sumesh_sol wrote: | sonila wrote: | sumesh,
for stocks, i think, normally, u r keeping, 1% as tgt. Is it correct ? |
I try to book 50% at 1:1 , and rest trailing SL.. however, everyone can have their own money management depending on risk amount... |
for tsl, what u use normally ? |
Low of the previous candle - 0.5* ATR
(ATR is an indicator. keep the cursor at any candle , correspoding to that you can see ATR value the lower section.)
This keep on increasing as new highs are made. However, if you get a big candle offering you decent return, there is no harm in booking there
also. |
ok.....thnx
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #194 Posted: Mon Jun 11, 2012 1:56 pm Post subject: Re: VOLTAS |
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sumesh_sol wrote: | sumesh_sol wrote: | VOLTAS
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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.. |
Booked Rest qty of first buy at 110..
now holding remaining qty (of second rej. @102) with a TSL of 107
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #195 Posted: Mon Jun 11, 2012 2:45 pm Post subject: Re: LT |
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sumesh_sol wrote: | LT..
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Valid Rej.. Though I'm not trading, for those who trade LT can see this |
LT.. SL hit
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