Trade with Simple Strategies

[vinst]

nf near about to give bearish signal?

shorted at 5295. tgt 5270, SL 5314

 

[mkbsiva]

RSI is still OB and no negative crossover as yet. Stochs are back in neutral after spending 5 bars in OB zone. If stochs move back upwards, it'll be a good upmove.

good observation.:clapping:...but....

price is right on the sloping trendlines in daily and weekly....

weekly resistance is at 5304.

Dow futures also not supporting

thats the reason...5 bars in OB zone concept not working???!....

Need volumes above day's high to inch higher.... lets see...

 

[timepass]

good observation.:clapping:...but....

price is right on the sloping trendlines in daily and weekly....

weekly resistance is at 5304.

Dow futures also not supporting

thats the reason...5 bars in OB zone concept not working???!....

Need volumes above day's high to inch higher.... lets see...

It's all hypothetical now The stochs went to OS zone and have moved back in neutral zone. RSI did give a negative crossover but is still above 70.

 

[vinst]

It's all hypothetical now The stochs went to OS zone and have moved back in neutral zone. RSI did give a negative crossover but is still above 70.

if stochastics has visited OS zone, then strong trend signal is negated.

 

[timepass]

if stochastics has visited OS zone, then strong trend signal is negated.

yes, of course. So we look for new equations

Edit : As I wrote this, NF went below its ATP after 3 hours.. let's see if a downside is coming. RSI is finally out of OB.

 

[vinst]

FT,

what if rsi goes abv its ema after a short trade is in progress?

 

[vinst]

again bar high abv upper BB

14:35, rsi also OB but as of now abv its ema

 

[FanaticTrader]

how to calculate that ATR value ???

For calculations, please refer to following link

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_true_range_atr

However most of the charting tools have option of ATR inbuilt

 

[ethan hunt]

Hi , I want to invest Rs10 lacs ( 10,000 USD ) in forex and gold trading. Can someone train me how to trade properly. Else, can someone trade on my behalf. Please help out. Also, let me know of the charges or your fee structure.

Ankit Verma
xxx

PS - I dont even know on how can i start blogging here in traderji.. how can i start a new thread for my query?>

go to forex / commodity thread.
this thread is relevent for Indian stock market only.

 

[FanaticTrader]

FT,

what if rsi goes abv its ema after a short trade is in progress?

We would still be in trade until SL gets hit. If you are trading in multiple lots may be good time to tighten your positions and start covering shorts only in lots.