BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
Though MACD lines had pretty good strength, you can see in reality how a similar indicator which was against the prevailing trend is making the market stuck. This is a crucial position, unless there is an uptick in the chart, we keep moving the stop below the previous low and through that we will be able to reduce the risk. This is the advantage in the swing system while on the trend system the stop is constant.
Though we have moves the stop to a good level than it was at the open of the trade, it is market closing time now and if the last bar of the day holds to our moving stop we need to exit in the next session below the low of the last bar of today. That would add more to the risk as we do not know where the market would open tomorrow. But, it is a part of the system rule to hold on till the stops get triggered.
On the other hand if the market takes off into a bullish move in the next session, our holding to stop wins us applause.
Though we have moves the stop to a good level than it was at the open of the trade, it is market closing time now and if the last bar of the day holds to our moving stop we need to exit in the next session below the low of the last bar of today. That would add more to the risk as we do not know where the market would open tomorrow. But, it is a part of the system rule to hold on till the stops get triggered.
On the other hand if the market takes off into a bullish move in the next session, our holding to stop wins us applause.
Market closed down but held our moving stop. This is adding trouble to our swing position, now the stop moves to last bar low and depends on the mercy of the Global market developments overnight. The stop now is below 5221 on futures.
In case there is a strong opening, stop will be reviewed after 10.00 am in the next session.
MACD histogram starts getting buried deep below zero indicating that the bullish trend is nearing its end, giving caution to the long trades. Trend position locks close to 150 points as the value zone moves up at 5184- 5216.
In case there is a strong opening, stop will be reviewed after 10.00 am in the next session.
MACD histogram starts getting buried deep below zero indicating that the bullish trend is nearing its end, giving caution to the long trades. Trend position locks close to 150 points as the value zone moves up at 5184- 5216.
NIFTY hits resistance
5250 finally gave a Iron resistance to NIFTY on its move up. Those closed positive with a fifth consecutive up closing day. MACD Histogram is reaching higher and higher with every passing day, adding strength to the prevailing bullishness. Market is not trending on the Daily time frame, so a snap back to the value zone is possible.
5200 will hold support on the immediate move down, on break down 5150 or 5100 is also likely. Hourly chart though has a very strong MACD lines have given up bullish strength after a prolonged dearth of the bulls for the market. MACD Histogram moves down below zero in a strong pitch, breaking the back of the bull. After this even if the bulls try to run they will fall down in a short distance, in that case 5290 will hold strong resistance.
We are running one trade each on both Swing and Trend system. While the trend trade is positive with a lock of close to 150 points, our Swing long position is trailing. The last bar low of 5221.00 is the exit level. The value zone on the closing bar is at 5184-5212. If the low is not taken off, swing long trade continues to hold with stop moving to the next ensuing bar low until there is an up tick. As NIFTY is in trend, there are opportunities to trade again on breach of previous bar high even after the existing trade gets stopped out.
In case the market drifts lower and price closes below the slow EMA, we have to reverse position to short on both systems. We will keep updating and comments on as the market unfolds every hour.
5250 finally gave a Iron resistance to NIFTY on its move up. Those closed positive with a fifth consecutive up closing day. MACD Histogram is reaching higher and higher with every passing day, adding strength to the prevailing bullishness. Market is not trending on the Daily time frame, so a snap back to the value zone is possible.
5200 will hold support on the immediate move down, on break down 5150 or 5100 is also likely. Hourly chart though has a very strong MACD lines have given up bullish strength after a prolonged dearth of the bulls for the market. MACD Histogram moves down below zero in a strong pitch, breaking the back of the bull. After this even if the bulls try to run they will fall down in a short distance, in that case 5290 will hold strong resistance.
We are running one trade each on both Swing and Trend system. While the trend trade is positive with a lock of close to 150 points, our Swing long position is trailing. The last bar low of 5221.00 is the exit level. The value zone on the closing bar is at 5184-5212. If the low is not taken off, swing long trade continues to hold with stop moving to the next ensuing bar low until there is an up tick. As NIFTY is in trend, there are opportunities to trade again on breach of previous bar high even after the existing trade gets stopped out.
In case the market drifts lower and price closes below the slow EMA, we have to reverse position to short on both systems. We will keep updating and comments on as the market unfolds every hour.
Swing long failed, Bullishness intact
Our Long trade on the swing system failed losing 13 points, but the bullish trend is intact. Move the entry to todays opening high. Trade long above 5232.00 on futures. Stop will be 4985.00, remember if the market doesnt pick up speed we will move the stop to the previous bar loss as long it is not getting hit.
Trend position is doing with a lock of 150 points. Trend traders continue holding long till next signals come through.
Our Long trade on the swing system failed losing 13 points, but the bullish trend is intact. Move the entry to todays opening high. Trade long above 5232.00 on futures. Stop will be 4985.00, remember if the market doesnt pick up speed we will move the stop to the previous bar loss as long it is not getting hit.
Trend position is doing with a lock of 150 points. Trend traders continue holding long till next signals come through.
Record keeping
RECORD KEEPING is a must for a trader to grow. It has lot of benefits, your learning curve goes staggeringly higher with the records. Any members following our calls and trading positions in their account, needs to have a sample copy & know how it should be done. We can provide you with our files, where you can add your sentiments and experiences in it. Reviewing them after a few months will make you understand what you have learnt.
Many mistakes too can be avoided by recording your trades. We advice doing it with outlook, clipping the at the time you took the trade put your comments and feelings in it. Then repeat the same after finishing the trade.
Those of you requiring a copy can send us your mail ids and we shall forward the same. This is for your learning process.
RECORD KEEPING is a must for a trader to grow. It has lot of benefits, your learning curve goes staggeringly higher with the records. Any members following our calls and trading positions in their account, needs to have a sample copy & know how it should be done. We can provide you with our files, where you can add your sentiments and experiences in it. Reviewing them after a few months will make you understand what you have learnt.
Many mistakes too can be avoided by recording your trades. We advice doing it with outlook, clipping the at the time you took the trade put your comments and feelings in it. Then repeat the same after finishing the trade.
Those of you requiring a copy can send us your mail ids and we shall forward the same. This is for your learning process.
NIFTY is holding to tight range and has given a lower high, move long entry to above 5229.25 on NIFTY futures and stop at 4984.00. Value zone moves up to 5190-5217. Our trend long position has locked more than 150 points. There are possibilities of a trend change too, as of now the trend is bullish and we will keep long trades on.
Last edited:
Swing trade gets filled and we have got an uptick too on the charts. Traders hold on to entry stop for the new position. MACD Histogram is starting its upward journey from below zero. There are possibilities when there is a new high from the current move, histogram might not give a head above zero too, where MACD lines will give strong bearish divergence.
We will exit long position below the low of next down tick bar. Value zone moves up to 5193-5219, going tight with reduced speed shows that the prevailing trend exhibits tiredness. Caution required now.
We will exit long position below the low of next down tick bar. Value zone moves up to 5193-5219, going tight with reduced speed shows that the prevailing trend exhibits tiredness. Caution required now.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | BraViSa Commodity Calls | Commodities | 81 |