My SWING TRADES

VIKAS 21

VIKAS 21

Well-Known Member
#1
#1
Dear Friends

I am starting this thread to share with you my share trading ideas....

I will post here why they are on my radar , most of my trades will be on flow method ( not necessarily)...

My trades will be based on candlestic patterns, pivots, price action & some indicators too...

all my seniors , moderators & my friends are requested to please guide me where they feel i am wrong ....
 
VIKAS 21

VIKAS 21

Well-Known Member
#2
#2


SBIN ( EOD) SHORTED BY ME LAST MONTH CARRYING THIS POSITION IN THIS MONTH TOO....

1.I shorted it at point 1 due to bearish engulfing pattern confirmation.( It was a Breakout failure too).

2.Below point 2 we can go for add but i didn't add bcoz it was close to my shorting point & my position was not in deep profit .

3. added below point 3 due to aggressive pivot ..

4. Not added at point 4( aggressive pivot) due to position at point 3 was not in deep profit .

5. added below point 5( aggressive pivot)

stock has retraced 61.8% retracement level & a green bar also there...

I m cautious for any type of reversal....
 
VIKAS 21

VIKAS 21

Well-Known Member
#6
#6


ACC taking support at its support level ,, In a range in point 1, broke the range at point 2, can go long at the high of bar at point 2 with SL at low of that bar......

also it has competed fibonacci 61.8% retracement levels at this point.....


please give ur views.......
 
VIKAS 21

VIKAS 21

Well-Known Member
#7
#7
VIKAS 21 said:


SBIN ( EOD) SHORTED BY ME LAST MONTH CARRYING THIS POSITION IN THIS MONTH TOO....

1.I shorted it at point 1 due to bearish engulfing pattern confirmation.( It was a Breakout failure too).

2.Below point 2 we can go for add but i didn't add bcoz it was close to my shorting point & my position was not in deep profit .

3. added below point 3 due to aggressive pivot ..

4. Not added at point 4( aggressive pivot) due to position at point 3 was not in deep profit .

5. added below point 5( aggressive pivot)

stock has retraced 61.8% retracement level & a green bar also there...

I m cautious for any type of reversal....
Click to expand...

Liquidated all my short positions ,, long with 1 Lot at 2280 with
SL-(2184- FILTER)
 
Last edited:
R

rkkarnani

Well-Known Member
#9
#9
VIKAS 21 said:


SBIN ( EOD) SHORTED BY ME LAST MONTH CARRYING THIS POSITION IN THIS MONTH TOO....

1.I shorted it at point 1 due to bearish engulfing pattern confirmation.( It was a Breakout failure too).

2.Below point 2 we can go for add but i didn't add bcoz it was close to my shorting point & my position was not in deep profit .

3. added below point 3 due to aggressive pivot ..

4. Not added at point 4( aggressive pivot) due to position at point 3 was not in deep profit .

5. added below point 5( aggressive pivot)

stock has retraced 61.8% retracement level & a green bar also there...

I m cautious for any type of reversal....
Click to expand...
Bearish Engulfing Pattern Confirmation : Please elaborate a bit ! When do we say that a Bearish Engulfing Pattern is confirmed.

I do not see it as a Breakout failure. Please explain why do you think it was a Breakout? I see a breakout on 1st Jan and that took the price from 2411 to 2559 ! Where am I erring?

Remember you mentioning in some other thread that you trade IB's also. I can see 3 or 4 Inside bars during this entire run after your shorting. How can these be used to our advantage? This will help us know your strategy on Inside Bars.
 
R

rkkarnani

Well-Known Member
#10
#10
VIKAS 21 said:


yes bank on radar.....

stock retracing to its strong support level after making its monthly low...
Click to expand...
Yes Bank : It seems to be an Intraday chart. The 6th Feb bar went on to form an IDNR4 as price movement 7th, 8th and 11th remained within the range of 6th!
It broke the high of 520.45 and went upto 525.80 before loosing all gains and reversing and breaking the low 505 to go down upto 492.
NOW : Can we call it breakdown failure ? On 15th Feb it broke the low of 25th Feb and bounced up !
 
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