WolfeWave Swing Calls

[adilsaleem]

Vikas, your comments on this one ?

http://img514.imageshack.us/img514/4902/niftyweeklywolfe.gif

 

[vinst]

Vikas, your comments on this one ?

http://img514.imageshack.us/img514/4902/niftyweeklywolfe.gif

So bullish !

 

[findvikas]

Sheet updated here
http://www.traderji.com/swing-trading/38079-wolfewave-swing-calls.html#post410446

Another call hit the target today... ASHOKLEY opened at the target price (57.95) while the target was 58 so I closed it at 57... 18.5% returns

Two calls were force fully closed in profit as I see some trouble for them... GOLDBEES & CHAMBLFERT both are in very good gains.



Few stats...

Trades Executed: 26
Active Trades: 10
Stopped: 9
Target Hit: 5
Force Closed: 2

Winners: 5
Losers: 5

Current Biggest Winner: 6.9%
Current Biggest Loser: -4.83%


Overall performance (including SL hit calls & closed calls)
6.12% gain in Buy calls
1.35% gain in Sell calls

 

[findvikas]

Vikas, your comments on this one ?

http://img514.imageshack.us/img514/4902/niftyweeklywolfe.gif

Does not look like a wave setup to me.. but I am expecting Nifty to make another crazy move... go down till 4550-4515 and then touch 5300 by May 2010 end or 5650 by October 2010 end.

 

[adilsaleem]

Does not look like a wave setup to me.. but I am expecting Nifty to make another crazy move... go down till 4550-4515 and then touch 5300 by May 2010 end or 5650 by October 2010 end.

Vikas,
for us learners could you please let us know what exactly is incorrect in this ww setup ?

 

[findvikas]

Vikas,
for us learners could you please let us know what exactly is incorrect in this ww setup ?

I thought about it how can I help others and share my learning path... I am not saying I am expert in this but I always like to help others in any possible way. I have created a new WebLog of mine (not advertising) but will try to post my chart setups there.

http://www.youtube.com/watch?v=MMw3cUl-Eis

 

[findvikas]

You can watch in HD quality

 

[findvikas]

I think PATELENG can go touch 500... could be a good bet. its a positional trade for couple of weeks.

Bought as "paper trade" today at CMP.. 450

 

[findvikas]

Balramchin.. bought as it hit the down target and expecting a 50% retracement on the stock.

Buy @ 93 (CMP) and stop loss is 5%, Target 130+


It should have completed its correction cycle today and can give a good return in couple of months. No stop loss given as it’s a good stock and should outperform in coming months… I will hold it with a horizon of 6 months.


Reason behind this trade...

 

[findvikas]

I do not know how overall Sugar sector is going to perform in coming weeks but I certainly see two stocks from Sugar pack to completed its correction and most likely about to jump back.

Here are my Trades for the next 6-8 weeks.. I expect first target to hit within next 2-3 weeks itself

Buy BAJAJHIND around 148, Stop 129, Targets 167,182,193,205,221,242
Buy BALRAMCHIN around 93, Stop 87, Targets 109,119,128,137,149,165


Charts

DISCLAIMER: These are just paper trades... targets look lucrative though but do not trade them just because I said so. Also even if you intend to trade then do not go for leveraged trade... keep margin as much as 1:1