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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 sanyad74 Hi Saint, Presently I am in Singapore too and small investor ...


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  #4181  
Old 7th May 2008, 01:35 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by sanyad74 View Post
Hi Saint,
Presently I am in Singapore too and small investor in Indian market. If you have time and still here then give me a buzz in possible @ ******
rgds
Back in India now.........probably could meet up some time when there.

Saint
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  #4182  
Old 7th May 2008, 01:37 PM
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Default Re: New Intermed Uptrend!!

Moved into ABAN OFFSHORE using futures.....3582,sl 3430

Saint
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  #4183  
Old 7th May 2008, 01:44 PM
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Default Re: New Intermed Uptrend!!

Moved out of EDELWEISS at 828 yesterday........+30 odd.....Why out?We got that breakout bar that we waited for for some time,then the total negation yesterday of that breakout bar yesterday.......Stops placed at the low of that breakout bar,taken out yesterday.

Will be watching it though to see how it behaves next few days.

Saint
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  #4184  
Old 7th May 2008, 02:50 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Moved into ABAN OFFSHORE using futures.....3582,sl 3430

Saint
Is this entery based on hourlly chart

Robin
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  #4185  
Old 7th May 2008, 04:03 PM
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Default Re: New Intermed Uptrend!!

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Originally Posted by jamit_05 View Post
Yes, I agree with the first part: weekly is in downtrend. However, daily is in an uptrend (since the break of 4971) !



Which chart are you trying to trade, Weekly or Daily? One needs to get fix that first. From Teach a man to fish thread, one learns that, in such a case,

1) weekly is used as reference and daily is traded.
2) Daily is Traded such that, one is looking to short at the end of daily uptrend.
3) Mind you, not rally but an uptrend.
When Daily breaks a previous daily pivot high it puts itself in an uptrend. This uptrend ends when, later, it breaks a daily pivot low. We short at this end of the uptrend by putting our stop not two bars up... but above the previous daily pivot high. That 2-bars-up trick is used when trading the weekly, then you will be shorting a rally.
Amit.
Well Mr. Amit....
Thanks a lot for clarifying my query! And correcting me tht daily is in uptrend.... i thought daily is in downtrend and we are seeing a rally

Ok so in this case where would be SL for daily? I mean the pivot low in this case is at abt 4670 right?
But tht is too far...
Even Saint mentioned few posts before abt it tht 4920 to be the SL... but tht was then... now would it not be 5180(which was broken yesterday)...

Please correct me!

Regards
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  #4186  
Old 7th May 2008, 04:05 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Moved into ABAN OFFSHORE using futures.....3582,sl 3430

Saint
Welcome home Saint .... May your stay be profitable to you
So how was your trip!!!

Regards
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  #4187  
Old 7th May 2008, 04:44 PM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by Saint View Post
Thanx Amit,Satya,Rakesh......some good stuff.

Saint
Such approvals from you make the efforts worth the while.

Amit.

PS: Satya, should we press him for the gifts.... or may be next time
Anyway, Welcome back Doc, hope the vacation was the one to die for
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  #4188  
Old 8th May 2008, 03:29 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by jamit_05 View Post
Such approvals from you make the efforts worth the while.

Amit.

PS: Satya, should we press him for the gifts.... or may be next time
Anyway, Welcome back Doc, hope the vacation was the one to die for
not really vacation......just had to get a few things done back home.

Saint
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  #4189  
Old 8th May 2008, 03:29 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by robin_malihan View Post
Is this entery based on hourlly chart

Robin
Fine tuned using 60min,yes...

Saint
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  #4190  
Old 8th May 2008, 03:30 AM
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Default Re: New Intermed Uptrend!!

Quote:
Originally Posted by milkyblack View Post
Welcome home Saint .... May your stay be profitable to you
So how was your trip!!!

Regards
Ah,thanx MB....

Saint
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