Trading according to Karthiks strategy..

[anup]

Guys, i cannot access charts.. If any signal is generated can anyone post the signal and Plz post SL also, so that everyone can trade

 

[anup]

RR you are riped mango, but people like me are unriped mango like us needs time

 

[rangarajan]

See Neyveli also for Gap strategy.

Gap could be traded on Both sides.
Once the Tgt is achieved either on Long/Short,reverse the trade when consolidation/weakness is seen to Fill the Gap.

 

[anup]

See Neyveli also for Gap strategy.

Gap could be traded on Both sides.
Once the Tgt is achieved either on Long/Short,reverse the trade when consolidation/weakness is seen to Fill the Gap.

What is neyveli???

 

[asnavale]

What is neyveli???

Neyveli lignite. NSE Symbol NEYVELILIG

-Anant

 

[anup]

Neyveli lignite. NSE Symbol NEYVELILIG

-Anant

nant Sir,

Can you please explain the following
1.What is Gap Up/Gap Down
2.How to trade
3.When to trade
4.Which method

Thanks in advance

 

[rangarajan]

Reliance:


For those who r interested in chart pattern,Reliance has formed C & H & the Tgt to be 864 & above.
CMP 861.2

 

[asnavale]

nant Sir,

Can you please explain the following
1.What is Gap Up/Gap Down
2.How to trade
3.When to trade
4.Which method

Thanks in advance

Hi Krishna,

Let me explain with today's example.

Gap Up Open is the stock opens above the high of yesterday's last candle. Similarly, Gap Down Open is the stock opens lower than the low of yesterday's last candle.

Today ADANIENT opened higher than yesrday's last candle high. So it is Gap Up open.

In case of Gap Up open, Trade for long only. Go long above the high of first candle of the day. SL is low of the same candle. Exit is same as Karthik's Avg price method. That is after a fixed points gain.

In case of Gap Down, go short below the low of first candle and SL is high of that candle. Exit after a fixed number of points.

Today as ADANIENT opened Gap Up I went long. Ideally, using 5 min TF I should have gone Long above 281.75. But because of positive open in NIFTY, I risked entering immediately, a little above opening price. The third candle of the day was a Doji, so caution set in to exit as soon as possible. The next candle was green and made a higher high but not much above previous candle high. So, on fifth candle I placed sell order 25p above high of fourth candle which got executed. There is no reason why 25p above previous high. Just I thought, try it and if not successful, modify lower. But it worked.

There was some risk involved as I did not wait for first candle to complete. But intuition works.

Ideally, you should enter above first candle high, exit when price falls below the second low before the present candle (Guppy's count back method).

I hope it is clear.

-Anant

 

[anup]

Reliance:


For those who r interested in chart pattern,Reliance has formed C & H & the Tgt to be 864 & above.
CMP 861.2

I also followed Thakker call, bought at 858 sold at 862... But i wasnt knowing technical reasons, thanks for explaining

 

[anup]

Hi Krishna,

Let me explain with today's example.

Gap Up Open is the stock opens above the high of yesterday's last candle. Similarly, Gap Down Open is the stock opens lower than the low of yesterday's last candle.

Today ADANIENT opened higher than yesrday's last candle high. So it is Gap Up open.

In case of Gap Up open, Trade for long only. Go long above the high of first candle of the day. SL is low of the same candle. Exit is same as Karthik's Avg price method. That is after a fixed points gain.

In case of Gap Down, go short below the low of first candle and SL is high of that candle. Exit after a fixed number of points.

Today as ADANIENT opened Gap Up I went long. Ideally, using 5 min TF I should have gone Long above 281.75. But because of positive open in NIFTY, I risked entering immediately, a little above opening price. The third candle of the day was a Doji, so caution set in to exit as soon as possible. The next candle was green and made a higher high but not much above previous candle high. So, on fifth candle I placed sell order 25p above high of fourth candle which got executed. There is no reason why 25p above previous high. Just I thought, try it and if not successful, modify lower. But it worked.

There was some risk involved as I did not wait for first candle to complete. But intuition works.

Ideally, you should enter above first candle high, exit when price falls below the second low before the present candle (Guppy's count back method).

I hope it is clear.

-Anant

Anant Sir,Nivu master!!.... You know AFL, candle sticks and other basics....
:thumb::thumb: ... Really good