Trade Setup

masterstrokes · #1 16th May 2008, 03:30 PM

Hi Friends,
Some of you will remember me. I was regularly posting here in Traderji.
Fore more than a year I am a full time trader. Recently I have started a Blog .

Here I give my analysis trade set ups.

It has clocked more than 16000 hits and many people have benefited from this . Why not do it now. In return, you may click on the Google advertisements placed on the left side of the column. It is no cost to you, but it pays me for my time and effort I make to share the information

Thanks and regards
MASTERSTROKES

masterstrokes · #2 18th May 2008, 05:26 PM

Trade Setup for 20 May 08
Stop below: 5028
Caution below: 5083

ARMHM · #3 18th May 2008, 05:58 PM

Quote:

Originally Posted by masterstrokes

Hi Friends,
Some of you will remember me. I was regularly posting here in Traderji.
Fore more than a year I am a full time trader. Recently I have started a Blog .

Thanks for giving the levels. Your analysis and charts are very convincing.

bjnaikhot · #4 18th May 2008, 06:17 PM

hi,350 points in just 4-5 trading sessions ,looks a bit too much to expect from nifty,at this juncture,in my opinion,from tuesday onwards it should enter in a sideways phase for some days,gathering needed force for a target of around 5370-5400 zone,,for sensex it should be around 18500,in or around last week of may ,remember a strong h&s in indices and so many stocks is developing,but for a break -out for this pattern,a few weeks needed to complete right shoulder on weekly charts..i like your approach to analyse markets...simple and straight forward..do visit my blog..http://bhoom2tika.blogspot.com/

masterstrokes · #5 21st May 2008, 09:31 AM

Trade setup for 21 May 08
NIFTY:
Stop and Reverse (SAR) : A close below 5059
Caution level : 5103
SENSEX:
Stop and Reverse (SAR) : A close below 17177
Caution Level : 17255
Observation: the caution level is too close. Today’s price action is to be carefully watched. There is chance that the stop will be hit and market may signal a reversal.

Expecting the unexpected....

Place stop values as early as possible today. The reasons are:
There is more chance that the market may give the first reverse signal today.
Imagine the worst case that your internet connection is down during market hours and you are not able to place stop…
Your broker’s telephone line is too busy and unable to get him…
Unexpected can happen at any time. As the smell of reversal is slowly coming, is it not better to go one step ahead?

MASTERSTROKES

masterstrokes · #6 22nd May 2008, 09:38 AM

NIFTY SAR: A close below 5075 or a drop below 5050

[B]SENSEX SAR:[/b] A close below 17164 or a drop below 17073

Observation: The Stop and Reversal (SAR) is too close and there is more than likely chance for the reversal signal to appear today. As you recollect, past two days caution signals were touched.

NIFTY shows a potential breakdown from the rising channel. A partial rise and a breakdown below “S” will indicate a fall of much higher intensity than the Jan 08. I would exit all cash stocks with immediate effect, if I were holding any.
Mayhem on its way
Global scene:
DOW weekly shows both “key Reversal" and "Weekly reversal".
NASDAQ daily closed below 21 Day trend line- A classic breakdown.

The 47 day breakdown point lies at 2415 (Very close)
DOW has confirmed a double top by breaking down below the valley.

DOW has broken down from its 47 day trend line
for chart details visit my blog

MASTERSTROKES

vvvv · #7 29th May 2008, 09:54 AM

Quote:

Originally Posted by masterstrokes

Market is likely to show a pull up. Pl see my blog for chart details.

MASTERSTROKES

electronics engineer turned full time trader........very interesting profile..why dont u tell us ur experiences in shifting ur profession & wht probs u had faced initially..nows hows the life in terms of money..r u generating more income consistently.. as u know theres no job security kind of thing in the stock markets

masterstrokes · #8 2nd June 2008, 07:43 PM

Presented here a different look of the breakdown of NIFTY. You can see the falling wedge fully formed in 25 days. Today it broke down and clearly closed below the bottom trend line. The target of this price action is 4500. Till then the route is clear for a free fall. Now the question is whether it will fall below the 22 Jan low and go for a deep correction. We have to see that in the coming days. We can only say that there are chances for that. We will move with strict stop loss and try to tap at least 80 % of the cream. I will try my best to pass the stops so that, everyone, along with me get the same benefit. The stop value for 3 Jun 08 is 4925 (spot). The weekly scale SAR is 5065 above which I will consider NIFTY to be bullish
For chart details you may see my Blog.
MASTERSTROKES
http://www.masterstrokesnifty.blogspot.com/

masterstrokes · #9 3rd June 2008, 09:35 AM

An avalanche on its way…. For chart details you may visit my Blog

MASTERSTROKES
http://www.masterstrokesnifty.blogspot.com/

masterstrokes · #10 3rd June 2008, 07:23 PM

Even though NIFTY closed near the high end of the candle, the major trend is down. As we are trading the trend, there is no worry for the short positions. Of course, as a continuation of today’s closing there could be a pull up tomorrow. I plan to stick to my homework and my stop values. The stop value of NIFTY for 4 Jun 08 is 4887. Such a huge pull up is anyways is a remote possibility.

Looking at the weekly chart, a pull up above 5066 only can be considered as a major reversal signal.
Looking at the SENSEX daily, the stop is at 16520.

A micro level exploration into the NIFTY 15 Min chart reveals a rising wedge formation, which most likely can break down. Also, the bull up of 3 Jun could not take NIFTY above the high of the first 15 minutes (refer chart).

All this indicate that the down trend is intact.
For chart details you may visit my blog
MASTERSTROKES
http://www.masterstrokesnifty.blogspot.com/