Long or Short Opinion
- Thread starter rajputz
- Start date
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Hi,
I bet your system will give EKC buy now after it has already broken out with rocket like move to 130-132. I think a good system must give some indication before B.O. is actually taking place. I had bought EKC fut in lots today morning with 2 rs. SL & now more than 11 Rs. in plus with trialing SL to catch full leg of B.O. By the way I am no technicalman & just see simple charts. Nothing complicated
Cheers !!!!
Alok Tewari
I bet your system will give EKC buy now after it has already broken out with rocket like move to 130-132. I think a good system must give some indication before B.O. is actually taking place. I had bought EKC fut in lots today morning with 2 rs. SL & now more than 11 Rs. in plus with trialing SL to catch full leg of B.O. By the way I am no technicalman & just see simple charts. Nothing complicated
Cheers !!!!
Alok Tewari
hi alok,
I dont know to whom you are addressing, but IMO the system should let you inn before the rest of the world does. Check the chart of EKC below: -
The green arrow and the circles at the end show the perfect entry point, as that was the ghost appearing giving a trend reversal. Although i dont consider it buy cause for last few months from 6th feb till now the share is revolving between some particular values. It has not trend. It is bouncing off up and down between the EMA's. THE BLUE CIRCLES AND ARROWS ARE THE WHIPSAWS AREA.
My main preference is to check the share over CCI, and EMA's. So most of the time i prefer that price goes above those EMA's making a trend to either side, then wait for the bounce back from there. Check the marked blue circles and arrows.
It is very much easy for me to write such thing after seeing the EOD charts, but preference is to trade in a trend, rather then range bound situation.
I myself try to choose the shares which will give very less whipsaws, or will hit stoploss, but still searching or trying for the one. But the first thing that i take care off is to avoid the trade in which i have a single percent doubt about the movement.
Other thing i prefer is perfect entry and perfect exit. Means entering at the marked green point, and exit when the system gives the signal. If i miss the opportunity then i dont chase the stock. It was buy for me 29 April, but the price has moved and standing on 20 34 EMA, i wont take risk according to my system.
P.S. - I try to track only Nifty Sensex share and some other outside. EKC is not in my list. but after seeing the volumes and volatility today, i think i will add it.
I dont know to whom you are addressing, but IMO the system should let you inn before the rest of the world does. Check the chart of EKC below: -
The green arrow and the circles at the end show the perfect entry point, as that was the ghost appearing giving a trend reversal. Although i dont consider it buy cause for last few months from 6th feb till now the share is revolving between some particular values. It has not trend. It is bouncing off up and down between the EMA's. THE BLUE CIRCLES AND ARROWS ARE THE WHIPSAWS AREA.
My main preference is to check the share over CCI, and EMA's. So most of the time i prefer that price goes above those EMA's making a trend to either side, then wait for the bounce back from there. Check the marked blue circles and arrows.
It is very much easy for me to write such thing after seeing the EOD charts, but preference is to trade in a trend, rather then range bound situation.
I myself try to choose the shares which will give very less whipsaws, or will hit stoploss, but still searching or trying for the one. But the first thing that i take care off is to avoid the trade in which i have a single percent doubt about the movement.
Other thing i prefer is perfect entry and perfect exit. Means entering at the marked green point, and exit when the system gives the signal. If i miss the opportunity then i dont chase the stock. It was buy for me 29 April, but the price has moved and standing on 20 34 EMA, i wont take risk according to my system.
P.S. - I try to track only Nifty Sensex share and some other outside. EKC is not in my list. but after seeing the volumes and volatility today, i think i will add it.
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