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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: #76  Posted: Wed Jul 06, 2011 2:31 pm Post subject: Re: BHARTIARTL |
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| sumesh_sol wrote: | 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.. |
Added more at 34 ema rejection at this candle close (1430 hrs of 6th July) .... 
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #77 Posted: Fri Jul 08, 2011 9:44 am Post subject: Re: BHARTIARTL |
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| sumesh_sol wrote: | | sumesh_sol wrote: | 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.. |
Added more at 34 ema rejection at this candle close (1430 hrs of 6th July) .... |
Booked fully today at 409.2...
From 384 to 409... quite a satisfactory swing... !!
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #78 Posted: Thu Jul 14, 2011 7:40 pm Post subject: BHARTIARTL & One Query |
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BHARTIARTL
**************
Took Entry @396.5 with SL below 394 at rejection on 15tf..
I have one question, If JJM / Jai or any other senior can help please...
Suppose I'm riding on a upswing and after some rise, if price comes down and breaks DSP but does not CLOSE below it and then give another upside valid rejection, then in such case :
1.) I hope I'm out of my original Long position as price has hit TSL (Yes/No) ?
2.) Can I take this valid rejection for upside after price has hit TSL or should I wait for price to conclusively close below DSP for initiating Short ?
Regards,
Sumesh
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #79 Posted: Thu Jul 14, 2011 11:06 pm Post subject: Bharti Airtel |
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Sumesh,
I'm not sure, whether u r an intra trader or swing trader.If you are an intra trader then it's not advisable to hold overnight, just trade the rejection book minimum profit or exit if yr SL hit. The chart which u posted s cash i think....are u trading cash chart for swing trading??? Apart from all today there's no valid rejection in 15TF, none of candle touch 34 ema. Bharti airtel is in uptrend since 6/07/'11 @15TF.
Suppose I'm riding on a upswing and after some rise, if price comes down and breaks DSP but does not CLOSE below it and then give another upside valid rejection, then in such case :
1.) I hope I'm out of my original Long position as price has hit TSL (Yes/No) ?
Again.... there is no need to close above below pivot, 1 tick above below pivot is valid pivot break.
2.) Can I take this valid rejection for upside after price has hit TSL or should I wait for price to conclusively close below DSP for initiating Short
Trading the trend & waiting for the valid signal is best!
Jai
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aromal
White Belt
Joined: 22 Mar 2010
Posts: 302
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| Post: #80 Posted: Sun Jul 17, 2011 8:45 pm Post subject: Re: Bharti Airtel |
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| Jai2000 wrote: | Sumesh,
I'm not sure, whether u r an intra trader or swing trader.If you are an intra trader then it's not advisable to hold overnight, just trade the rejection book minimum profit or exit if yr SL hit. The chart which u posted s cash i think....are u trading cash chart for swing trading??? Apart from all today there's no valid rejection in 15TF, none of candle touch 34 ema. Bharti airtel is in uptrend since 6/07/'11 @15TF.
Suppose I'm riding on a upswing and after some rise, if price comes down and breaks DSP but does not CLOSE below it and then give another upside valid rejection, then in such case :
1.) I hope I'm out of my original Long position as price has hit TSL (Yes/No) ?
Again.... there is no need to close above below pivot, 1 tick above below pivot is valid pivot break.
2.) Can I take this valid rejection for upside after price has hit TSL or should I wait for price to conclusively close below DSP for initiating Short
Trading the trend & waiting for the valid signal is best!
Jai |
| Quote: | | thanks very much for valuable things in this forum......... sumesh bhai u rocking |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #82 Posted: Tue Jul 19, 2011 4:15 pm Post subject: |
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Dear All.
SBIN broke DSP today in all tf
Now SBIN -Cash USP is 2384.35 in all tf and F is 2392.1
RIL still down trending in 30 and 60 TF with DSP 960 in cash and 963 in Fut
In 15 tf up trending in Cash with USP 829.30 and Fut 830.05
JJM
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suresh.punjani
White Belt
Joined: 09 Mar 2010
Posts: 24
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| Post: #83 Posted: Tue Jul 19, 2011 4:18 pm Post subject: |
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| jjm wrote: | Dear All.
SBIN broke DSP today in all tf
Now SBIN -Cash USP is 2384.35 in all tf and F is 2392.1
RIL still down trending in 30 and 60 TF with DSP 960 in cash and 963 in Fut
In 15 tf up trending in Cash with USP 829.30 and Fut 830.05
Dear JJm
for 15min TF INFY & HDFCBANK also broke DSP.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #84 Posted: Thu Jul 21, 2011 2:37 pm Post subject: ZEEL |
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ZEEL (15tf)
*******
Entered on DSP (128.4) break.....
SL 128.5.
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #85 Posted: Thu Jul 21, 2011 7:23 pm Post subject: |
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Dear Sumesh,
Let's wait for Specji to reply my doubts on initial SL and TSL
I hv raised my doubts in main forum to Specji..once he replies it will address your doubts too
That will give us the clear idea on trading and riding on the trend
Regards,
JJM
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kiranlegend
White Belt
Joined: 21 Apr 2011
Posts: 73
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| Post: #86 Posted: Thu Jul 21, 2011 8:17 pm Post subject: Re: ZEEL |
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| sumesh_sol wrote: | ZEEL (15tf)
*******
Entered on DSP (128.4) break.....
SL 128.5. |
Dear Sumesh,
wouldn't the DSP be changed to the high of last candle of 20th i.e., 125.20? in that case we could have entered the trade as soon as the high was taken out by 1130 candle of 21st? Please correct me if i am wrong.
Regards
Kiran
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #87 Posted: Fri Jul 22, 2011 9:38 am Post subject: Re: ZEEL |
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wouldn't the DSP be changed to the high of last candle of 20th i.e., 125.20? in that case we could have entered the trade as soon as the high was taken out by 1130 candle of 21st?
There may be one or more occasions when price gets rejected from 34 ema. However, the DSP is always the *highest* point between two lows. Plesae see in the chart I have marked lows and highest point..
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #88 Posted: Fri Jul 22, 2011 10:02 am Post subject: Re: ZEEL |
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| sumesh_sol wrote: | wouldn't the DSP be changed to the high of last candle of 20th i.e., 125.20? in that case we could have entered the trade as soon as the high was taken out by 1130 candle of 21st?
There may be one or more occasions when price gets rejected from 34 ema. However, the DSP is always the *highest* point between two lows. Plesae see in the chart I have marked lows and highest point.. |
hi............sumesh
actuallu I did not get u..................wt u suggest we shd buy zeel above 130.5.............or sell it below 125.5??............
pls guide
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #89 Posted: Thu Jul 28, 2011 2:55 pm Post subject: TATAMTRDVR |
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TATAMTRDVR..15tf
****************
Took Entry on DSP(547) break..
Keeping SL as low of pivot breaking candle ,i.e., below 545 ..
However, I'm not sure of my INITIAL SL (545) as correct or not..
Jai/Spec sir/Rain ,,,,please.. please... help me here
Regards,
Sumesh
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #90 Posted: Tue Aug 09, 2011 6:08 pm Post subject: |
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Dear All.
SBIN broke DSP today in all tf
Now SBIN -Cash USP is 2161.35 in all tf and Fut is 2167.30
RIL still down trending in 30 and 60 TF with DSP 796.35 in cash and 799.95 in Fut
In 15 tf : down trending with USP 779 and Fut 782.55
Happy Trading
JJM
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