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  #2431  
Old 27th March 2008, 11:34 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Placing 50 % cover order @ 4786.65
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  #2432  
Old 27th March 2008, 11:36 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Brought down SL to 4815.05
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  #2433  
Old 27th March 2008, 11:40 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Hope this hour bar wil close below 4800( Nifty Spot) if so then we wil break hourlypivot haveing daily down trend .. so short for positional trading ?


Satya
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  #2434  
Old 27th March 2008, 11:42 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Falling Wedge in NF. Slow drift with trendlines as happened yesterday.
A breakdown on lower side may give some immediate slide.
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  #2435  
Old 27th March 2008, 11:45 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by satya_pinku2003 View Post
Hope this hour bar wil close below 4800( Nifty Spot) if so then we wil break hourlypivot haveing daily down trend .. so short for positional trading ?


Satya
Yesterday's low at 4809 was the Pivot on hourly, Broke it making 1-2-3 pattern; we need not wait for the bar to close below it and place our order a few ticks below the level.
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  #2436  
Old 27th March 2008, 11:52 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
yep.... .
Here's a view of renko charts
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  #2437  
Old 27th March 2008, 11:52 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
Ah,you had your eyes on Tata Motors as well....am still holding shorts in that one.

Saint
Nice ur shorts working on Tata M..
Rover & Jaugaur might take some time to come

Busy with NF shorts

Ajax
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  #2438  
Old 27th March 2008, 11:55 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Moving SL to 4820

Saint
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  #2439  
Old 27th March 2008, 11:56 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Yesterday's low at 4809 was the Pivot on hourly, Broke it making 1-2-3 pattern; we need not wait for the bar to close below it and place our order a few ticks below the level.

Thank you

Stop should be yesterdays pivot high 4870 or today high ... or wait once todays low 4777 taken out brought down SL to today high ?

Thanks again

Satya
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  #2440  
Old 27th March 2008, 12:00 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

50 % cover order for Shorts placed @ 4786.65 is executed in Profit,brought down SL to Entry now.
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