Once again Turtle Soup ..

[rkkarnani]

CAIRN is very near the previous 20 period low at 321 made on 25th Jan 2013. It had made a low of 322.20(31st Jan). If it opens or goes below 321 , then we go long above 321+filter

 

[anup]

Thanks RK sir for the headsup

 

[Smart_trade]

Happy to see this thread progressing well, very useful discussions...good going.

Smart_trade

 

[anup]

Thanks smart trade

 

[Bewinner]

Reliance infrastructure ltd, is very near the previous 20 period low at 512.30 made on 25th Jan 2013. It had made a low of 513.05 today(31st Jan). If it opens or goes below 512.30 , then we go long above 512+filter

rkkarnani ji,

What is this 512+ filter? This part I did not understand

 

[rkkarnani]

rkkarnani ji,

Reliance infrastructure ltd, is very near the previous 20 period low at 512.30 made on 25th Jan 2013. It had made a low of 513.05 today(31st Jan). If it opens or goes below 512.30 , then we go long above 512+filter

What is this 512+ filter? This part I did not understand

As per Rules of Turtle Soup as understood by me :
Today (on the day we trade)

- Today, you must have a new 20-day low and the previous 20-day low has to be at least four days earlier.

We have the previous 20 days low, atleast 4 days earlier and its value is 512.30 We are yet to have a 20 days low "today" !
So now the set up to be valid we need a new 20 days low today! For this to be true the Low made 4 days earlier at 512.30 need to be breached. Once this is breached, we get TODAY A NEW 20 DAYS LOW thus fulfilling the entire condition. Now we wait for the trigger. We go long above the previous 20 days low : 512.30+filter ! Our SL is below the low made till the trigger time.

 

[rkkarnani]

For 1 feb : Allahabad Bank, Turtle Soup+1 set up , Buy above : 165+filter, SL 162.20 less filter ! Previous close on BSE was :163.50

 

[rkkarnani]

Have a look at Financial Technology chart. Turtel Soup +1 formed.

 

[Xitij]

I traded in just 200 shares BHEL today. Entered at 223.05, exited 100 at 227 ! Carrying 100 with SL at 222.90

Are you still holding 100 BHEL entered on the basis o f TS ! How do you propose to trail the SL ?

 

[Xitij]

Dear Anup ji

We Trade this Method Lower Time Frame Like 30 Min ???

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Regards,
Am@R

Hi Amar, Are you trading it in 30 minutes!!! or you are raising a question whether or not it can be traded in 30 minutes TF!