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New Intermed Uptrend!!

Discuss New Intermed Uptrend!! at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by satya_pinku2003 Hi hitesh Godrej shoud clear 300 level to begin its trend ...


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  #4141  
Old 25th April 2008, 12:35 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by satya_pinku2003 View Post
Hi hitesh Godrej shoud clear 300 level to begin its trend dont have todays data .....

Waiting your veiw also m attaching the chart

Saint can confirm

Regards
Satya
Well done,Satya!

Saint
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  #4142  
Old 25th April 2008, 12:53 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by milkyblack View Post
Hello Saint...

You did not answer my question
Is it not a good question? well i repeat my question again....

Now as Nifty is above 5000... where is your SL for the trade tht u got in at abt 4660... is it still there ? or have you exited some of ur postions? or upgraded your SL....

I ask this question... so tht ur answer help learning the strategy of the pivot system u follow... i guess according to that system one should hold still with SL of 4660.... until a higher pivot low is formed... (plz correct me)... which has not yet been formed... but in tht case one may loose a large chunk of the profit...

would it not be good to keep a SL at 4970? where the market gave a breakout... ( plz correct me...)

plz answer my question Saint this time....

Regards
Hi MB,

Sorry for the long delay ....... missed the first question somehow.....apologies!

As said before,NIFTY is yet to confirm an intermediate uptrend.....so pivots system alone is too unsafe,simply because we have no intermediate uptrend,yet we are trying to catch a daily uptrend........therefore we put our stops to the low of the bar 2 days ago,every time we make new highs....in this case,we have a set of candles all next to each other,so am taking the low of the candle before that,ie 17th April---4920.Stop's now at 4910(giving it some breathing space).

Will not be doing this if we were in an intermediate uptrend......If we were,yes,I would have brought stops up to 4685,ready to probably give up nearly 400 pts in a bid for greater gains.

That time will come,.......but not yet!

All the best!
Saint
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  #4143  
Old 25th April 2008, 12:59 PM
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Default Re: New Intermed Uptrend!!

Had exitted all Bombay Dyeing yesterday as indicated with the break of the low of 860,....out at 856.


Nice gains in that one,a 135 points from 715........an example of what a WRB on high volumes can do to your account.

Will be looking to reenter if it can put up a decent mild gradient pullback.

Saint
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  #4144  
Old 25th April 2008, 01:01 PM
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Default Re: New Intermed Uptrend!!

Nice out on AMTEK.........an example of weekly resistance being too tough for it to outmanouevre,if it closes hereabouts,probably a fall next week.

Saint
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  #4145  
Old 25th April 2008, 01:03 PM
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Default Re: New Intermed Uptrend!!

Looking to exit out most by day end .......unless we get strong ends.....

Saint
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  #4146  
Old 25th April 2008, 01:10 PM
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Default Re: New Intermed Uptrend!!

Saint howz Gujarat NRE coke looking on the charts....entered at 166 y'day near to that yellow trendline as shown.

Last edited by djsinha; 26th May 2008 at 04:50 PM.
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  #4147  
Old 25th April 2008, 01:41 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by satya_pinku2003 View Post
Hi saint and others mercator line triangle breakout two days back then pullback to upertrend line then moving up today ... should buy 50 % today and other 50 % at when high of WRB clears ??

Regards
Satya
This is weekly resistance area.........no way of knowing whether it's going to breakout or fall.....Daily looking juicy,agreed......if this were a confirmed intermed uptrend,right-o on the strategy........but be cautious if it cannot close strong.

You must have entered 50% already,put your stops to a bit below that breakout bar.Allow it to take you out if weak,if strong,add as planned by yourself.

Great going,my friend.....well done!

Saint
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  #4148  
Old 25th April 2008, 01:47 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by djsinha View Post
Saint howz Gujarat NRE coke looking on the charts....entered at 166 y'day near to that yellow trendline as shown.
I don't exactly know what it's doing today........but ugly looking chart,dj....best to stay out of these,no clear patterns,too many topping/bottoming lines,always best to keep out of these.

Put your stops at 149......if this cracks get out......not saying that it cannot go on to make newer highs.......but there are some good stuff out there where you can comfortably trade,some neat clean ones......go for those,always best!

Saint
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  #4149  
Old 25th April 2008, 01:48 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by satya_pinku2003 View Post
yes saint may be bussy with his positions ...

Regards

Satya
Too many things going on Satya.....sorry about that,my friend!

Saint
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  #4150  
Old 25th April 2008, 01:48 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
I don't exactly know what it's doing today........but ugly looking chart,dj....best to stay out of these,no clear patterns,too many topping/bottoming lines,always best to keep out of these.

Put your stops at 149......if this cracks get out......not saying that it cannot go on to make newer highs.......but there are some good stuff out there where you can comfortably trade,some neat clean ones......go for those,always best!

Saint
Thank you very much Saint. Kept SL at 150. Will prob hit SL today. Trading somewhere arnd 152.
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