General Trading Chat
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But do take care of inventory loss they may have to shell out due to very volatile raw material price... Also they keep buffers... In months
Lower crude is a positive for lot of crude derivatives... Plastic polymer textile private refiners
Do watch out for gas based manufacturing plants as natural gas from Gail petronet lng etc reaches these plants...they could be good investment ideas...
Lower crude is a positive for lot of crude derivatives... Plastic polymer textile private refiners
Do watch out for gas based manufacturing plants as natural gas from Gail petronet lng etc reaches these plants...they could be good investment ideas...
Ok 1 good suggestion I was told. Generally on a day like today noon there would be profit booking at around strike prices. So since 7500 was broken. The ideal exit would be to expect some profit booking at 7450....
Unless offcourse we have halted somewhere in between and staying there for sometime.
Thanks in advance for any other suggestion..
Unless offcourse we have halted somewhere in between and staying there for sometime.
Thanks in advance for any other suggestion..
this is a bit of repetition, but ill like to write down what i understood, please correct if somethings is incorrect. Also some questions below.
Pic A: 1 and 2 are minor pivots, 3 becomes VPH after price closes below ERL1. 4 becomes VPL after price closes above ERL1. Similarly 5 and 6. if price later breaks 6 we are in likely visual DT. We enter short at 6, although trend is confirmed after lower Visual High
All Correct
Pic B: A-B-C is Visual DT. c becomes VPL after price breaks d. f becomes VPH after price closes below ERL-d, g becomes VPL after price closes above it. Once f breaks we are in likely Visual uptrend,We enter long above f. We are in lower degree uptrend, confirmed only after price breaks VPH above Visual ERL-a.
Once f breaks on upside, we are in a lower degree confirmed visual uptend but of one lower degree.Confirmed because we now have higher VPLs in c and g and higher VPH in f and above.
Lower degree because the main visual downtrend is still on...it will get reversed when we make a pivot above visual ERL from a and make a higher bottom and then take out that pivot high....till then we are in main visual downtrend.
What does lower degree trend mean? At what point do we expect Higher degree down trend to assert itself? Should we be 'careful' say around VERL-a - ie if VPH-f is too close to VERL-a, then wait for pivot break above ERL-a before entering long.
Lower degree trend as far as I remember was not in the original method. It is my tweak because many times based on upgraded VPs like f,h etc I would assume that visual uptrend has started but then before ERL at a the market will crack the VPL and resume the original visual downtrend.So till we pivot above vis ERL a we are still in larger vis DT..this tweak has helped me a great deal.Any time before ERL a the larger downtrend can resurface. But this case is different from the long we go on even minor pivot on a sustained downmove followed by steep fall and/or gap down opening.
Next, say we are in Visual Downtrend and minor uptrend. I want to enter short when this minor uptrend reverses. When price closes below ERL, ie on bar 3 completion, we consider it as trend reversal. Can we use this to enter before pivot low break? In this example we can perhaps consider below bar 1 low, but can we simply use limit/market order once 3 completes?
Yes we can but that will be a little aggressive....more safe will be enter 1/2 position below 3 and remaining half on a pivot low made below the ERL and on crack of that pivot low....
thank you.
Pic A: 1 and 2 are minor pivots, 3 becomes VPH after price closes below ERL1. 4 becomes VPL after price closes above ERL1. Similarly 5 and 6. if price later breaks 6 we are in likely visual DT. We enter short at 6, although trend is confirmed after lower Visual High
All Correct
Pic B: A-B-C is Visual DT. c becomes VPL after price breaks d. f becomes VPH after price closes below ERL-d, g becomes VPL after price closes above it. Once f breaks we are in likely Visual uptrend,We enter long above f. We are in lower degree uptrend, confirmed only after price breaks VPH above Visual ERL-a.
Once f breaks on upside, we are in a lower degree confirmed visual uptend but of one lower degree.Confirmed because we now have higher VPLs in c and g and higher VPH in f and above.
Lower degree because the main visual downtrend is still on...it will get reversed when we make a pivot above visual ERL from a and make a higher bottom and then take out that pivot high....till then we are in main visual downtrend.
What does lower degree trend mean? At what point do we expect Higher degree down trend to assert itself? Should we be 'careful' say around VERL-a - ie if VPH-f is too close to VERL-a, then wait for pivot break above ERL-a before entering long.
Lower degree trend as far as I remember was not in the original method. It is my tweak because many times based on upgraded VPs like f,h etc I would assume that visual uptrend has started but then before ERL at a the market will crack the VPL and resume the original visual downtrend.So till we pivot above vis ERL a we are still in larger vis DT..this tweak has helped me a great deal.Any time before ERL a the larger downtrend can resurface. But this case is different from the long we go on even minor pivot on a sustained downmove followed by steep fall and/or gap down opening.
Next, say we are in Visual Downtrend and minor uptrend. I want to enter short when this minor uptrend reverses. When price closes below ERL, ie on bar 3 completion, we consider it as trend reversal. Can we use this to enter before pivot low break? In this example we can perhaps consider below bar 1 low, but can we simply use limit/market order once 3 completes?
Yes we can but that will be a little aggressive....more safe will be enter 1/2 position below 3 and remaining half on a pivot low made below the ERL and on crack of that pivot low....
thank you.
Smart_trade
Last edited:
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