iCharts Discussions

[Jai2000]

Sanchit,

Touching the ema is enough, sometimes price should be closer to ema but RSI5 already in OB condition.
28-Jun 22:58 Speculator rsi: Loktej also had a clarification on this. Using RSI(5) you can resolve it. I will post it over the weekend in the forum

Spec sir can explain you better, pls wait few days.I dont want to confuse you.

Jai

[jjm]

Hi

Uptrending in all tf with USP 2124 in cash and 2129.60 in Future

However whether these two pts to be considered as USP..Mr Jai your intervention is required

Ril

Cash : Trending down in all tf

15 tf : 898.90 and 960 in 30 & 60tf

Future :

down trending in all tf with downswing pivot 963.00 for 30 & 60 tf

For 15 tf DSP is 903.90


JJM

[ConMan]

Jai/Suresh

Now the pivot moves to 4181 in Crudeoil ...30mins

Confirm please

[Jai2000]

JJM,

hi as you hav mentiond the Pivot remains 2124 only. Even RSI5 also didnt support with last 2 days lows. In this kind of situation( Pivot is too far from CMP) better use Spec sir's 1/2 EOD rules as TSL.

Regards,
Jai

[Jai2000]

QGM,

Yes it is ! 4181 is both 15 & 30 TFs pivot.

Jai

[jjm]

Hello Brother,

Thanks

JJM

[Sanchit]

Jai Bhai,
GM

Do you mean the 1/2 ATR rule?

or am i missing something here:?:

[Jai2000]

Sanchit,

the details here, (it's copy paste msg from SB & he was talking abt NIFTY)

• Speculator : Here's a small tip to swing traders.I calculate the Daily ATR. Ususally gap size are no more than 1/2 EOD ATR: So if daily ATR is 100 points, gaps will usually be around 50 points. Very rarely they exceed that. So if one is carrying position then calculate the overnight risk. If one can afford only 30 point max loss, then his trade should at least 20 points in profit to guard against gap losses.

Jai

[sumesh_sol]

INDUSINDBK..
A valid rejection on 15 tf...

[sumesh_sol]

INDUSINDBK.. Stoploss help please ...
==============================


Yesterday I entered on rejection of 34 ema on 15tf ema.. But I was out from it as it hit my stoploss, which was "low of candle which rejected 34 ema" . However, today it is soaring ... Just made 279.3 ...(from 273 yesterday !)

Should I have kept the *LOWEST* point below 34 ema... as my SL?

Jai/Rai/Spec sir ..please clarify my doubt...

[sumesh_sol]

RCOM.. 15 tf..
=============

Taken entry on rej. at 15tf @97.4, with SL below 96.4 .. I'm targetting minimum 99 here...

I feel all conditions meet here.. still if I'm wrong anywhere , seniors may please point it out, so that I can exit with minimum loss...

-Sumesh

[sumesh_sol]

JINDALSTEL .15tf..
================
Entered on 15 tf rejection with SL below 648.35

[sumesh_sol]

[sinhaalok]

[sumesh_sol]

BHARTIARTL ..15tf
===============
Just broken downside pivot at 388.2 ..

Took entry with SL 378.2.. Will add more if get proper rejection on 34 ema..