Trading Strategies Using Technical Analysis

[praveen taneja]

Praveen Bro,I entered 3I at 72.35 FUT (breakout point) what is your target any way?
Suresh
.. 'you are dancing in the rain.. & I am waiting for strom to pass..'

Bro tgt is for good people like u but Hit and Run style trader like me book anything above Rs 1-2 I think Raunak bro etc are too in this trade and bcoz he is in it tgt must be wowwwwwwwww:thumb:

 

[alroyraj]

Any slight recovery in the Nifty and DLf could reverse quickly. Typically after breaching the 38.2% retracement next target is the 61.8% levels at 336.7 . Remember that it may bounce of 336.7 but on breaking this there are no limits. Neat trade,nice to see someone in profit.
But you still need to book it!

 

[MurAtt]

But you still need to book it!

Very true brother ..... some of my longs are now from profit to cost .... yes u definitely need to book it .. though I have kept them as I am anticipating a bounce 2morrow ... also options premium still showing much bullishness .. and in select counters they do not following market sentiment .. so ...

BUT in general .. yes u definitely need to book it

 

[gangadharan]

PShirurkar,

I don't know by what quantum Nifty is going to go down.

But, I can say with some certainty that for the next 45 days, we will definitely be witnessing some trading action. Action is more likely to be on the down side. There is too much of money waiting on the side lines and hence too much down side is not expected. But I see no reason why levels of 5700-5800 cannot be attained. In the end, trade with the markets and don't predict.

Tc

Raunak Sir,

Why is it and what is the reason behind 5700-5800 and 45 days...... Will you please clarify it?. I have long positions in TCS 1052 and SBI 3210 shall I come out of that?

Please advice.

With Regards,
Gangadharan

 

[SwingKing]

Raunak Sir,

Why is it and what is the reason behind 5700-5800 and 45 days...... Will you please clarify it?. I have long positions in TCS 1052 and SBI 3210 shall I come out of that?

Please advice.

With Regards,
Gangadharan

Dont come out of anything. I don't move the markets dear. Its just an opinion. 5700 -5800 is not a level I expect the markets to go. I just said I won't be surprised. That's it.

See markets have run up a lot. And given the nature of markets it is bound to correct and come down. When that will happen, that no one can say. Cyclically we are due for a down move, plus most of the funds will be on holidays from December and hence we can expect some profit booking as yearly bonuses for managers are also due. Corrections may not be too steep as there is lot of money waiting on the sidelines. Hence, lets see what happens. I always move with the markets and what I said is just an opinion.

Tc

 

[DanPickUp]

Hi

Some two cents from outside as you have to check this in your home market.

Spatch was talking about : Which trading style do you think is more profitable (when the capital is limited, say, 100 grands) I know it depends a lot on the personality of the trader, but still if it is possible to answer this question...

Now, how to use the 100 grands ? As I say, a look from outside !

As you have a 100 grands and you like to trade, why not reduce your risk by investing a certain amount in an ETF which doe's his work on the other side of your trades.

For example : If you do your trades mostly on the long side of a shares and you realize, that your biggest loss are always mostly on the down side, why not invest in an ETF which works on the short side.

Means : You trade the long side of the shares and the ETF covers some losses on the short side of your share portfolio.

You can choose so called : Short ETFs, which do there work in your market or derivative. Be careful about the leverage they have !

The same you can do, when investing in different shares in different currencies and want to have some protection against currencies loss on the downside.

That is one way big money is protecting them selfs.

Take care

DanPickUp

 

[SwingKing]

RAUNAK SIR,

I am not sure what will happen with DLF tomorrow. But I shorted it at 357 because of 2 reasons.

Reason 1. It crossed down 38.20% retracement line.
Reason 2. 3ema crossed down 15ema.

Even if I am making an intra-day profit of 10 points (which is as good as 200 points on NIFTY).... I didn't cover the positions for 2 reasons.

Reason 1. Today it crossed down 50% retracement level and heading to 61.80 % level.
Reason 2. It also crossed down the bearish trend line.

Hope I am on the right path.

With Regards,
Gangadharan.

Gangadharan,

I can't comment on your techniques. I can just hope you have tested it well. But I can tell you that I am also short on the counter. Now again who knows what will happen. But my gut feel is that a large move is around the corner for DLF. In which direction that will come, I don't know. So lets hope.

You will be on the right path if you have something which is carrying positive expectancy within it. If your method works fine and you manage trades well, then you will automatically be on the right track.

Tc

 

[spatch]

If you do your trades mostly on the long side of a shares and you realize, that your biggest loss are always mostly on the down side, why not invest in an ETF which works on the short side.

Hey Dan!!
That's a nice strategy, it is something like hedging right?? I didn't even know that there are such ETFs.
Does anyone know of the name of such ETF or how can I search for them.

You said it's a look from the outside, do you trade in a foreign market??

 

[VJAY]

Hey Dan!!
That's a nice strategy, it is something like hedging right?? I didn't even know that there are such ETFs.
Does anyone know of the name of such ETF or how can I search for them.

You said it's a look from the outside, do you trade in a foreign market??

Dear spatch,
Dan is not indian.....but helping us here in traderji by giving variety of informations...and yes he is one of option expert...
Thanks Dan for your all help in Traderji

 

[DanPickUp]

Hey Dan!!
That's a nice strategy, it is something like hedging right?? I didn't even know that there are such ETFs.
Does anyone know of the name of such ETF or how can I search for them.

You said it's a look from the outside, do you trade in a foreign market??

Hi spatch

Yeep.

Here just one link : http://www.etfsecurities.com/ The links shows ETFs from a few countries in the world.

If you live in India, Google for the bigger banks in India and check there products. Search for ETFs and have a look by " shorts ". Go for region and then go for sectors and so on.

I live and trade outside India, and that is why I always say : A look from outside .

Take care

DanPickUp

http://www.etf.db.com/DE/EN/showpag...ge=&strdisclaimereonia=&stinvtyp=&blauswahl=1

http://www.flowtraders.com/en/where.htm

http://ch.ishares.com/en/rc/