Analysis of charts - discussion share ur views

[vishalalluri]

vishal,
nice analysis....
Suppose if i decide to trade this how to decide stop loss and target.
Kindly guide me through posting a chart.
Thanks.
Veluri1967

please see next post

 

[vishalalluri]

vishal,
nice analysis....
Suppose if i decide to trade this how to decide stop loss and target.
Kindly guide me through posting a chart.
thanks.
veluri1967

HI VELURI

AFTER THE BB EXPANDED THER WAS A UPPER BAND PIERCING WITH A BIG GREEN CANDLE AND IT WAS ALSO FOLLOWED BY A RED CANDLE OUTSIDE THE BB INDICATING REVERSAL BUT WE CHECK ON THE STOCHASTIC AND GUPPY AND SEE IT AS A SMALL CORRECTION NEXT DAY BUT THE OVERALL TREND WAS BULLISH LOOKING AT GMMA AND STOCHS

NOW AGAIN THE THREE GREEN CANDLES FOR A VERY BULLISH TREND
THER WOULD BE MORE UPPER BB PIERCING BY THIS SCRIPT AFTER THE 3 RD CANDLE AS STOH HAS NOT YET REACHED TO OVERBOUGHT LEVELS (WATCH%K %D)
THEN THE GMMA SHOWS BULLISHNESS

HENCE WHAT I MEAN TO SAY WE GET CAUTIOUS ONLY IF WE GET AN UPPER BAND PIERCED BY A GREEN CANDLE AND THE NEXT DAY IF IT IS FOLLOWED BY A RED CANDLE

THE EXIT WOULD BE THE LOW OF THE RED CANDLE AS IN THE CHART IF ANY OCCURS AFTER THESE THREE GREEN CANNLES AND ONLY IF STOCK % K HAD TURNED DOWNWARDS AND 52DAY CLOSING LINE SHOWS DOWNWARD CROSS IN RED(STMMA)
U CAN MAKE OUT UR EXIT LOOKING AT THIS CHART AS PER TODAY

STOPLOSS HAS TO BE TRAILING STOPLOSS

I TRIED MY BEST I MIGHT BE WRONG SHARE UR VIEWS

 

[vishalalluri]

hi friends
the system the scan for stocks showing all three conditions fulfilled and to test on 5th starts . i would like to brief he conditions of the system once again

1) THERE SHOULD BE A 3/15 EMA CROSSOVER JUST OCCURED WHER THE 3
EMA HAS KISSED THE 15 EMA UPWARD AND JUST CAME ABOVE

2) CHECK ON THE GMMA IF THE 52 DAY CLOSING HAS MADE A BREAKOUT
FROM UNDER ABOVE THE SMALL TERM MULTIPLE MOVING AVERAGES OR A
BREAKOUT FROM BOTTOM OVER THE LTMMA AS WELL AS STMMA
TOTALLY

3) STOCHASTIC %K LINE SHUD BE MOVING TOWARDS 80 STEEPLY
%D 4,3 SHOULD BE COMING OUT OF OVERSOLD REGION AND UNDER
NEUTRAL LEVELS 4 BEING ABOVE 3
so scanning at the charts visually for sumtime i found couple of them

happy weekend all

 

[vishalalluri]

hi friends ,

i was able to have just scanned stocks with alphabet A in 10 minutes

the conditions are so easily caught visually that doesnt take a lot of time



similar setup seen with alkai metals

 

[SavantGarde]

Hi Vishal,

While I Am Not A Fan Of Multiple EMAs....

For Me The Entry Would Have Happened In The Last 20 Minutes Of The Second Last Green Bar Or Immediately The Next Day......& All Of The Last Green Bar Move Would Have Been In The Pocket....

Reason Being The 2 Bar BB Piercing Rule....Where Your 3rd Last Bar Has Pierced The Lower BB & For Next Day Would Have Kept An Eagle Eye On The Closing In The Last 30 Minutes To Know If It Was Going To Be A Green Bar Or Not & Take Entry Accordingly For The Following Day In The Last 20 Minutes.

BB Piercing 2 Bar Rule Is... If Lower BB Is Pierced Immediately Followed By Green Bar One Can Go Long....Similarly If Upper BB Is Pierced Followed Immediately By A Red Bar To Go Short....

One Will See Example Of Both In The Chart Posted By You.

Happy & Safer Trading

SavantGarde

hi friends
the system the scan for stocks showing all three conditions fulfilled and to test on 5th starts . i would like to brief he conditions of the system once again

1) THERE SHOULD BE A 3/15 EMA CROSSOVER JUST OCCURED WHER THE 3
EMA HAS KISSED THE 15 EMA UPWARD AND JUST CAME ABOVE

2) CHECK ON THE GMMA IF THE 52 DAY CLOSING HAS MADE A BREAKOUT
FROM UNDER ABOVE THE SMALL TERM MULTIPLE MOVING AVERAGES OR A
BREAKOUT FROM BOTTOM OVER THE LTMMA AS WELL AS STMMA
TOTALLY

3) STOCHASTIC %K LINE SHUD BE MOVING TOWARDS 80 STEEPLY
%D 4,3 SHOULD BE COMING OUT OF OVERSOLD REGION AND UNDER
NEUTRAL LEVELS 4 BEING ABOVE 3
so scanning at the charts visually for sumtime i found couple of them

happy weekend all

 

[chitale9]

hi friends
the system the scan for stocks showing all three conditions fulfilled and to test on 5th starts . i would like to brief he conditions of the system once again

1) THERE SHOULD BE A 3/15 EMA CROSSOVER JUST OCCURED WHER THE 3
EMA HAS KISSED THE 15 EMA UPWARD AND JUST CAME ABOVE

2) CHECK ON THE GMMA IF THE 52 DAY CLOSING HAS MADE A BREAKOUT
FROM UNDER ABOVE THE SMALL TERM MULTIPLE MOVING AVERAGES OR A
BREAKOUT FROM BOTTOM OVER THE LTMMA AS WELL AS STMMA
TOTALLY

3) STOCHASTIC %K LINE SHUD BE MOVING TOWARDS 80 STEEPLY
%D 4,3 SHOULD BE COMING OUT OF OVERSOLD REGION AND UNDER
NEUTRAL LEVELS 4 BEING ABOVE 3
so scanning at the charts visually for sumtime i found couple of them

happy weekend all

Hi,

First of all thanks a lot for all the efforts. This is really helpful.

Just a doubt. condition 1) says 3/15 EMA crossover , however graph shows 5/13 EMA crossover. Which one to follow ?

Regards
Raju

 

[vishalalluri]

Hi Vishal,

While I Am Not A Fan Of Multiple EMAs....

For Me The Entry Would Have Happened In The Last 20 Minutes Of The Second Last Green Bar Or Immediately The Next Day......& All Of The Last Green Bar Move Would Have Been In The Pocket....

Reason Being The 2 Bar BB Piercing Rule....Where Your 3rd Last Bar Has Pierced The Lower BB & For Next Day Would Have Kept An Eagle Eye On The Closing In The Last 30 Minutes To Know If It Was Going To Be A Green Bar Or Not & Take Entry Accordingly For The Following Day In The Last 20 Minutes.

BB Piercing 2 Bar Rule Is... If Lower BB Is Pierced Immediately Followed By Green Bar One Can Go Long....Similarly If Upper BB Is Pierced Followed Immediately By A Red Bar To Go Short....

One Will See Example Of Both In The Chart Posted By You.

Happy & Safer Trading

SavantGarde

hi savant sir

First i wana say I am overwhelmed to see ur post here :rofl:

thanks for the correction in the system but sir what i had given in the system was not based on bollinger band upper or lower piercing but just the conditons which i had talked about

but now after ur post i think another condition to add on would be to check on bb piercing and next candle also to enter early stages , as a novice im jusr making a system to trade so would be improving each day

looking forward for more help

 

[vishalalluri]

Hi,

First of all thanks a lot for all the efforts. This is really helpful.

Just a doubt. condition 1) says 3/15 EMA crossover , however graph shows 5/13 EMA crossover. Which one to follow ?

Regards
Raju

oooooopsssssssssssssss

thnks a ton chitale its a silly mistake which i dint look at

but i think if it is 3/15 or 5/13 they give crossover at same levels

i would change it to 3/15 settings as it gives early signals

 

[SavantGarde]

Hi Vishal,

I Wasn't Trying To Correct Anything...Just That I Saw The BB Pierced...Therefore I Commented On The BB Rule...It Is Not That Often That One Comes Across BB Piercing...Just That There Maybe More Profit To Be Taken If Conditions Meet The Rule....That's All

Happy & Safer Trading

SavantGarde

hi savant sir

First i wana say I am overwhelmed to see ur post here :rofl:

thanks for the correction in the system but sir what i had given in the system was not based on bollinger band upper or lower piercing but just the conditons which i had talked about

but now after ur post i think another condition to add on would be to check on bb piercing and next candle also to enter early stages , as a novice im jusr making a system to trade so would be improving each day

looking forward for more help

 

[vishalalluri]

HI FRIENDS

Posting a chart of kakatiya cements and sugars

things to watch

Lower BB Acted as a support

%k line and d line showing upmove

Guppy 52 day closing line upward break oF MOVING AVERAGES

A SAFE TRADER SHOULD WAIT FOR A COMPLETE CROSSOVER 3/15

OR WATCH THE MOVMENT FOR NEXT TRADING POSITION AND TAKE POSITIONS