General Trading Chat

[vivektrader]

That i already said not clear to me what st was referring to.so wait for st reply.

Could this be vertical fall or rise?

 

[praveen taneja]

U CAN SEE CANDLE AT THE BOTTOM OF THE CHART
LOW OF THAT CANDLE 5118 (NIFTY SPOT) MADE LOW ON AUGUST 2013 ---- AND ANOTHER CANDLE AT THE TOP OF THE CHART HIGH OF THAT CANDLE 9119 (NIFTY SPOT) HIGH MADE ON MARCH 2015----TOTAL 21 CANDLES (21 MONTHS FROM LOW TO HIGH 5118 TO 9119 = 4000 POINTS THIS I TAKEN AS 3RD WAVE IN MONTHLY CHART---AND WAVE A OF 4TH WAVE LOW MADE AT 7940 ON JUNE 2015 ---FROM 3RD WAVE HIGH (9119) TO 4TH wave A LOW 7940= 1179 POINTS --AND WAVE B OF 4TH WAVE HIGH AT 8655 ON JULY 2015--- FROM WAVE A LOW (7940) TO WAVE B HIGH (8655)= 715 POINTS--- WAVE B (715) RETRACES WAVE A (1179) BY AROUND 61.8% OF FIBONOCCI RETRACEMENT---FROM WAVE B HIGH(8655) TO WAVE C LOW MADE AT 7540 ON SEPTEMBER 2015 ---WAVE B HIGH (8655) TO WAVE C LOW (7540) = 1115 POINTS-----WAVE C= WAVE A------WAVE C 1115 POINTS= WAVE A 1179 POINTS ---APPROXIMATELY ALMOST EQUAL---AND 1 MORE THING WAVE C IS ALWAYS BIGGER THAN WAVE B----WAVE C 1115 POINTS---WAVE B 715 POINTS---WAVE C IS 161.8% BIGGER THAN WAVE B--- EVERYTHING FINE -----3RD WAVE MOVE WITH 21 CANDLES THAT MEANS 21 MONTHS --- 4TH WAVE WITH A B C PATTERN MOVE WITH 8 CANDLES THAT MEANS 8 MONTHS AND NOW FROM NOW 5TH WAVE GOING TO PROGRESS FROM DECEMBER CANDLE
AS PER ELLIOTT 3RD WAVE IS BIG AND 3RD WAVE WILL RALLY MORE TIME THAN 5TH WAVE----AS PER ELLIOT 5TH WAVE WILL BREAK THROUGH THE REGION OF 3RD WAVE THAT MEANS OUR 3RD WAVE HIGH IS AT 9119--- SO 5TH WAVE WILL GOING TO BREAK 3RD WAVE TOP OF 9119 SOON---TIME FRAME USUALLY AS PER ELLIOTT 5TH WAVE COME WITH GAPUPS GAPUPS AND GAPUPS USUALLY 5TH WAVE WILL TAKE LESSOR TIME THAN 4TH WAVE TIME---HERE 4TH WAVE TAKES 8 MONTHS TIME SO 5TH WAVE WILL COMPLETE LESSOR THAN 8 MONTHS---USUALLY 5TH WAVE WILL TAKE JUST 61.8% TIME IN 4 TH WAVE SO 8MONTHS*61.8% = ALMOST 5 MONTHS TIME---FROM DECEMBER MONTH IT NEEDS 5 MONTH TIME TO ACHIEVE TOP BEFORE APRIL END WILL SEE NIFTY AT TOP----ONE MORE THING 5TH WAVE USUALLY TARGETS 50% POINTS OF 3RD WAVE----3RD WAVE RALLIED 4000 POINTS SO 5TH WAVE WILL ATLEAST 50% OF 4000 POINTS=2000 POINTS WILL RALLY IN 5TH WAVE-----4TH WAVE END POINT LOW 7540---7540+2000=9540-------WILL SEE 9540 IN NIFTY SPOT BEFORE APRIL2016
Kisi advisor ne share kiya tha kal?
7540-6825 tak ki movement Vijay Mallya k a/c mein credit kar di shayad.:rofl::rofl::rofl::rofl:

 

[TracerBullet]

Posting again sir,
Sir, by opening bar rejection, do you mean that first bar inspite of gap opening in yesterday's direction closes inside the body high of Yesterday's range, and we should enter low of that bar (if yesterday was up)?<br />
<br />
"Stop and reverse if we break a VP without having any MP in between then it is a case of stop and reverse"<br />
Sir I could not understand this statement of yours(apologize for being naive), if you could elucidate further.<br />
Thanks<br />
Regards always.

This is exhaustion gap reversal (CT Trade). See here

Also below from STda

- When you have a sustained downmove, steep fall and gap down and market starts bouncing from the low made, look for a small pivot ( even minor pivot ) and buy provided we have a higher mpl in place. These are reversal trades

- We were in clear visual down trend, how can one suddenly change outlook from looking for break of mpl , to looking break of mph ?
- These are situations in which we deal with reversals. So observe the bold part of my earlier post ( sustained downmove, steep fall and gap down )
- If one waits for visual trend to change one can never catch and trade on reversal moves ...
- We have to understand how to trade gaps, reversals, continuation etc ...

SAR example scenario - as i understood - say you are short with Stop above VPH. Price hits your stop. Then this is also reversal and you can go long. It is just VT reversal.

 

[hames]

any one tried tradetigers snap to excel with orders functionality.

 

[vivektrader]

This is exhaustion gap reversal (CT Trade). See here

Also below from STda



SAR example scenario - as i understood - say you are short with Stop above VPH. Price hits your stop. Then this is also reversal and you can go long. It is just VT reversal.

Thanks TB bhai, have a look at below chart of tatamotors,yesterday visual sideways, ist bar was an outside bar, I went short at low of this outside bar, it failed, is their any case for SAR, if yes where at top of third or fourth bar?

 

[timepass]

Vivek, what is that MA on your chart ? Using TT, I get dual colored moving averages, so I guess if one had to go short, it would be when the MA changed color to red.

Thanks TB bhai, have a look at below chart of tatamotors,yesterday visual sideways, ist bar was an outside bar, I went short at low of this outside bar, it failed, is their any case for SAR, if yes where at top of third or fourth bar?

 

[vivektrader]

Vivek, what is that MA on your chart ? Using TT, I get dual colored moving averages, so I guess if one had to go short, it would be when the MA changed color to red.

TP Ji, its 20ema and its not dual coloured in kite. I only use it as frame of reference not for taking new position. I like the way how a trend is 'attracted' by the EMA and bounces off it.Frequently it finds support (in uptrend) and resistance (in downtrend).

 

[Smart_trade]

As I am travelling,I don't have access to charts.So will post replies after I am back home by tomorrow.

ST

 

[TracerBullet]

Thanks TB bhai, have a look at below chart of tatamotors,yesterday visual sideways, ist bar was an outside bar, I went short at low of this outside bar, it failed, is their any case for SAR, if yes where at top of third or fourth bar?

Why go short when it broke up from sideways? Exhaustion gap is only applicable after strong sustained multidays trend. Then it gaps up, refuses to continue up and starts falling.
Here, as long as trend is up, once it starts falling we look for long on reversal of minor downtrend.

Also, note for all my replies - i am only trying to answer as i understood - i am still newbie trader with this like you and wisp. My intention is reduce workload for repeated questions and to get corrected if i am wrong.

 

[vivektrader]

Why go short when it broke up from sideways? Exhaustion gap is only applicable after strong sustained multidays trend. Then it gaps up, refuses to continue up and starts falling.
Here, as long as trend is up, once it starts falling we look for long on reversal of minor downtrend.

Also, note for all my replies - i am only trying to answer as i understood - i am still newbie trader with this like you and wisp. My intention is reduce workload for repeated questions and to get corrected if i am wrong.

I wasn't talking about the exhaustion gap here, my query is this,
If we take the OPENING TRADE as per IDF and within next 3 to 4 candles you realise its not going your way, does it make sense to reverse as it is likely to give trade in the opposite direction (as people are trapped in the direction of my original position which I took as per IDF entry rules), I mean only in context of opening trade.
The reason for my query is that most of the entries as per IDF are breakout/breakdown entries be it from range, mp or VP,so a failure which is soon detected after entry many a times rings a bell that we should either exit or reverse it.
I consider you much more seasoned as compared to myself so, if you find the above queries as idiotic, accept my apologies in advance.
Thanks buddy.