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WW ON EOD CHARTS |
ian_botham47
White Belt
Joined: 09 May 2007
Posts: 12
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Post: #601  Posted: Thu Jan 30, 2014 8:36 pm Post subject: |
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| Would anybody pl. enlighten where i can find about ww pattern and trading on the basis of the same?
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #602 Posted: Thu Jan 30, 2014 9:34 pm Post subject: |
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BHARTIARTL chart. Self explanatory.
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rk_a2003
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Joined: 21 Jan 2010
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #604 Posted: Fri Jan 31, 2014 12:00 am Post subject: |
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| rk_a2003 wrote: | | BHARTIARTL chart. Self explanatory. |
rk_a2003
Not an expert like you
But for WW charts should be bar/candle and not line chart
What is looking perfect in this line chart is blurred on candlestick chart due to non existence of swings which are shown in line chart
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #605 Posted: Fri Jan 31, 2014 12:07 am Post subject: |
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RK / Amit : let me guess how to trade Bharti:
1) down sloping channel from 318 with 309 as top [about current price]
2) buy "only" above 310.85 for target 315, 319
3) -ww on 15tf targeting 304-303 pending...
4) all stops at 302.5
5) it can be a quick entry and exit candidate if market +ve since it would be above 311 then......
6) i believe all profit booking should be done at 314.5/315 and may be 318 since it would not rise but fall back...
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #606 Posted: Fri Jan 31, 2014 7:34 am Post subject: |
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Amitkbaid, It's ok to find ww's in line charts.In any case you should be able to find the wave structure formed based on supply-demand variations.Some times it's quite revealing in line charts as in case of Bhartiartl.In that case nothing wrong in using line charts.Just for your information.... my first drawings on any chart beginned with I charts forum.I am no expert.It demands much more to be called an expert.
Amitagg, there are so many ways to trade ww's.What ever you feel comfortable you can proceed with that.I haven't checked 15 minute -ww .Will revert if I find any thing significant in 15 minute.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #607 Posted: Fri Jan 31, 2014 9:24 am Post subject: |
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| bought barti at 313 futures [311 spot]...having small exit SL and target
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #608 Posted: Fri Jan 31, 2014 9:34 am Post subject: |
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| amitagg wrote: | | bought barti at 313 futures [311 spot]...having small exit SL and target |
now 312 futures can be close stop....good risk reward 1:3...to exit before 316 futures....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #609 Posted: Fri Jan 31, 2014 9:44 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | bought barti at 313 futures [311 spot]...having small exit SL and target |
now 312 futures can be close stop....good risk reward 1:3...to exit before 316 futures.... |
crux time ...about to break up or down...stop to 312.5....exit on spike
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #610 Posted: Fri Jan 31, 2014 9:54 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | bought barti at 313 futures [311 spot]...having small exit SL and target |
now 312 futures can be close stop....good risk reward 1:3...to exit before 316 futures.... |
crux time ...about to break up or down...stop to 312.5....exit on spike |
otherwise weak since rises sold....can exit at 1: 1 profit...or trail to cost
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #611 Posted: Thu Feb 06, 2014 2:13 pm Post subject: |
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AUROPHARMA -ww .Today is the result day.ETA Feb 12th .EPA 400.If a bearish candle forms today go short with day's high as SL. Alternatively one can buy puts also.
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #612 Posted: Mon Feb 10, 2014 10:42 am Post subject: |
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BATAINDIA -WW on EOD.
Bata is also trading at a resistance zone of 986.
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #613 Posted: Mon Feb 10, 2014 8:56 pm Post subject: |
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India vix Eod +ww..Longs be cautious.
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439 Time(s) |
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #614 Posted: Thu Feb 13, 2014 10:41 am Post subject: |
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McDowell -WW
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427 Time(s) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #615 Posted: Thu Feb 20, 2014 3:15 pm Post subject: |
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| A -ww in Apollo Tyres EOD chart.One can buy puts for a possible target of around 115 by expiry.
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