Maximize profit using SH's strategy

[trade4joisar]

No trades yesterday. Still waiting for entry as mentioned by T4J yesterday. Below is the summary.

GFZ

30 mins: 4927 - 5077

Opened above GFZ and NF went close to 15EMA. Still not touched. Floating little above 15EMA, bringing 15EMA up to 5000+

SST

Buy Mode

Bull SAR is 4760
SAR too far away, no trade yet!
30 mins: 15 ema = 5002

(pasting T4J's entry/exit criteria from above)
Entry: 15 ema touched, bull bar above 15 ema & next bar breaks high with recent low as SL
For exit rules, one can refer to following post (If anything to update/add, let me know)
http://www.traderji.com/technical-a...e-profit-using-shs-strategy-4.html#post686396

315

3 ema = 4974
15 ema = 4933

Thanks gunsho.

Thoda sa aur.

315
Long crossover
3 ema left yesterday

 

[trade4joisar]

GFZ

30 mins: 4936 - 5086

Daily: 4629 - 5220

SST

Long mode
Bull SAR 4964.

Bullish candle @ 11:00 with high of 5010. & it breaked with SL @ 4989. But then this is negated by 12:00 PM.

Again we had bullish candle @ 3:00 PM and breaked @ 5028 with SAR @ 4964.

30 mins 15 ema = 5015

If monday gap up then one should book profit as SAR is too far from CMP.

For exit rules, one can refer to following post (If anything to update/add, let me know)
http://www.traderji.com/technical-a...e-profit-using-shs-strategy-4.html#post686396

315

Long mode

3 ema touched around 4970 & spiked like anything & closed @ 5059

3 ema = 5016
15 ema = 4948.

 

[timepass]

I guess a contra trade will be in order if it dips to 5015 or 4950 region, with proper SL, of course.

In case of a gap up, technically one should book profit, but I think that if there is a gap up (because of the news from Europe) then it may keep on going up.

 

[trade4joisar]

I guess a contra trade will be in order if it dips to 5015 or 4950 region, with proper SL, of course.

In case of a gap up, technically one should book profit, but I think that if there is a gap up (because of the news from Europe) then it may keep on going up.

Yes going up can be there.

But then GFZ upper band is be there as well as 3 ema in daily will be left with around > 50 points.

 

[timepass]

Yes going up can be there.

But then GFZ upper band is be there as well as 3 ema in daily will be left with around > 50 points.

Yes, but 3EMA can be untouched for 2 consecutive sessions and GFZ is elastic. I think that this news will have a big positive effect, and that the negatives will come around later in the week ahead of Greece elections.

http://www.reuters.com/article/2012/06/10/us-eurozone-idUSBRE8530RL20120610

This is likely to weaken the dollar and strengthen the rupee.

 

[Arsh]

Lets see how the rupee behaves TP! Indian markets are headed for a volatile month, featuring elections in Greece and a Federal Reserve meeting among key global events, as well as inflation and IIP data and a critical RBI policy meeting at home. So, the rupee is expected to be volatile tracking mixed global fundamentals.:thumb:

http://blogs.reuters.com/india-expertzone/2012/06/10/india-market-weekahead-book-out-partially-to-play-safe/

 

[timepass]

Lets see how the rupee behaves TP! Indian markets are headed for a volatile month, featuring elections in Greece and a Federal Reserve meeting among key global events, as well as inflation and IIP data and a critical RBI policy meeting at home. So, the rupee is expected to be volatile tracking mixed global fundamentals.:thumb:

http://blogs.reuters.com/india-expertzone/2012/06/10/india-market-weekahead-book-out-partially-to-play-safe/

Volatile, yes, but for next 2-3 days I think the path is well set upwards. RBI may or may not cut rates in its policy meeting, but has already declared a minor stimulus package for June 12.

http://timesofindia.indiatimes.com/...et-to-ease-liquidity/articleshow/13933106.cms

Edit : I think we will see sub 54 level for the dollar this week, after that, don't know.

.

 

[manoharpillai]

Spain's decision to request a loan of up to 100bn euros ($125bn; 80bn) from eurozone funds to help shore up its struggling banks has won broad support.
The International Monetary Fund (IMF) said the bailout was big enough to restore credibility to Spain's banks.

Washington welcomed the measure as a vital step towards the "financial union" of the eurozone.

Let us see what this news translate in to our market sentiment

 

[Arsh]

Analysts are skeptical that the plan will be enough to alleviate Spain's funding woes and the euro zone debt crisis.

Spain, which has already achieved 58 percent of its funding program this year, is due to auction 12 and 18-month T-bills on June 19 and bonds on June 21.

The government still needs to refinance 82.5 billion euros of debt maturing by the end of the year, :rofl::rofl::rofl:with a big hump at the end of October, and Spain's regions have a further 15.7 billion euros of debt maturing in the second half of 2012.

http://in.reuters.com/article/2012/06/11/eurozone-spain-idINDEE85A04Y20120611

 

[trade4joisar]

GFZ

30 mins GFZ touched & worked as expected with daily 3 ema difference was around 50 points.

30 mins: 5011 - 5163

Daily: 4640 - 5232

SST

Long mode

Bull SAR 4964.

GFZ touched & retracement to 15 ema in last 2 hour spiked down & made low of 5036 & closed @ 5052

30 mins 15 ema = 5064.

for exit rules
http://www.traderji.com/technical-a...e-profit-using-shs-strategy-4.html#post686396

Tommorrow we have 2 way of getting into long

1. As per rule i.e. bullish candle above 15 ema & then break high of this candle
2. @ open we hit GFZ lower bottom & then we will also have bull SAR very near

Let see.

315

Long mode

3 ema = 5026 (few more points as closed @ 5052 instead of 5037, chart not updated)
15 ema = 4959

I am not sure if 3 ema touched or not because of chart is not updated with adjustment price.