Thoughts on Day/Swing Trading Part 2

[trade4joisar]

I have started to put all important aspects discussed here in one single PDF.

https://docs.google.com/file/d/0BwQTo2jcisNVck13WUliSm5fN1U/edit?usp=sharing

I have started with "Thoughts on Day/Swing Trading Part 1" i.e. below link. Above document contains only till Page 12, Post 111. Still long way to go.

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading.html

 

[niftyrider]

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[niftyrider]

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St Da,
Last trade .....Is correct????
currently i think the trade is not going in my direction.... so vl exit @ eod...

 

[Smart_trade]

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St Da,
Last trade .....Is correct????
currently i think the trade is not going in my direction.... so vl exit @ eod...

Gold is sideways.....but the sideways range is good enough to give good trades.

Trade was right but as the market closed above the tan line, one should exit and wait for the market to make its move and then enter again...

Smart_trade

 

[dhinakar113]

Gap down open....expected, on international cues.

Dkr

 

[dhinakar113]

Rs breached life time low, trades at 59.93 to the $.

 

[friendforevers0007]

ST sir if possible can you upload your nifty trade chart of 19 june. thanks

 

[trade4joisar]

There is no recount. The buy set up is completed in daily bars.The rally was to start on 8th,9th or 10th set up bar. Today ,14th June 2013 ,is the 10th day and I am expecting a rally.It seems to have made its short term bottom in 5700 area. How far the rally goes will decide our next course of action.

Smart_trade

Hello ST sir,

so now what happened to this count, negated?

What should be reversal point as per your strategy, close above 5700 ?

 

[Smart_trade]

Hello ST sir,

so now what happened to this count, negated?

What should be reversal point as per your strategy, close above 5700 ?

Nothing is negated. The rally expected was a antitrend rally which we get after 8th,9th,or 10th set up day. It came on 10th day. This rally was there for couple of days. Now the original downtrend has resumed. We have to go down much more and next 15-20 days will be bearish, small rallies notwithstanding.

We may finally bottom at below 5500. But the exact day and levels will be known as the downmove unfolds. But that stage is atleast 15 days away...Market behaving exactly as it should, in a text book sequential pattern.

Smart_trade

 

[rohitsx]

Nothing is negated. The rally expected was a antitrend rally which we get after 8th,9th,or 10th set up day. It came on 10th day. This rally was there for couple of days. Now the original downtrend has resumed. We have to go down much more and next 15-20 days will be bearish, small rallies notwithstanding.

We may finally bottom at below 5500. But the exact day and levels will be known as the downmove unfolds. But that stage is atleast 15 days away...Market behaving exactly as it should, in a text book sequential pattern.

Smart_trade

what r the chances of an failure of pivot break and eventual double bottom on daily charts?