Diary of a 315 Trader

trade4putuval

Well-Known Member
Nifty SAR is today's high, 10584.5.
 

trade4putuval

Well-Known Member
good to know it TP...any contacts with SH now days? :)
Nil. I came to traderji after a long time last week only.
 

trade4putuval

Well-Known Member
Weekly chart says,


10719 SL for shorts, target 9900.


Yesterday SST SAR broken, hence there is a short term upside. But looking at the ichimoku cloud in weekly. If price closes below the week's open, then the trend continues to be bearish.

Daily chart says,


Look at the blue arrow. This is the cloud bottom. The thickness of the cloud might offer a very strong resistance to entry. 10650 is the resistance.
MACD is showing a downtrend, but still it is too early.


Pivots says,
10585 is the pivot.


LHLL
The lower higher lower low is retained. So if yesterday's high is taken out, LHLL is invalidated.

Summary,

Looking at weekly and daily, it is imperative that we wait for a close above 10725 to go long. Till then, it is a wait and watch, or a short with a big SL.
 

VJAY

Well-Known Member
Though I am not in contact with him, but I know where he is these days
Good hope he still trading 315 ...he is master on it....completely mising him here in TJ...you can request him to come here atleast once/twice in a year :)
 

trade4putuval

Well-Known Member
Good hope he still trading 315 ...he is master on it....completely mising him here in TJ...you can request him to come here atleast once/twice in a year :)
Hi,

Guys like him leave behind a legacy. It is up to us, his followers to build upon it. Expecting him back is like getting spoon-fed again. In his absence, most of the people like us has learned to trade 315, SST, Correction strategy without anybody hand-holding us. Of course, we will take time to master it.
 

trade4putuval

Well-Known Member
Weekly chart says,


10719 SL for shorts, target 9900.

Yesterday SST SAR broken, hence there is a short term upside. But looking at the ichimoku cloud in weekly. If price closes below the week's open, then the trend continues to be bearish.

Daily chart says,


Look at the blue arrow. This is the cloud bottom. The thickness of the cloud might offer a very strong resistance to entry. 10650 is the resistance.
MACD is showing a downtrend, but still it is too early.


Pivots says,
10585 is the pivot.


LHLL
The lower higher lower low is retained. So if yesterday's high is taken out, LHLL is invalidated.

Summary,

Looking at weekly and daily, it is imperative that we wait for a close above 10725 to go long. Till then, it is a wait and watch, or a short with a big SL.
Pivots: 10725 is still a critical view, though SST has turned bullish. Today's R1 is 10725, pivot is 10657.
Fibo: In daily, next target is Fibo 50%, 10898.
SST SAR -> 10598
 

trade4putuval

Well-Known Member


SST SAR:
10716 (Trend: Bullish)


Daily Fibo Retracement:
10880


Daily Resistance Level (Red line):
10855


Daily Bollinger Band top:
10808.


Ichimoku Analysis:
  • Tenken will enter daily cloud today.
  • If this happens, SST SAR gets hit.
Pivot:
10729 (R3: 10845, after seeing SGX Nifty just now)


Let's see.
 

trade4putuval

Well-Known Member
SST:
Bull SAR: 10716

Ichimoku:
Cloud top: 10928 to 10940 (not very clear)
Tenken inside cloud, SST SAR hit (10716) may work. But now it depends on whether price will close below 30 mins 15 ema and make a new high. If this happens, the low below 15ema becomes the SAR.

Pivot:
10841
R2:10943 coincides with ichimoku cloud top
 

trade4putuval

Well-Known Member
SST:
If yesterday's high (10922) is taken out today, then yesterday's low becomes Bull SAR (10835). If not, then 10716.

Ichimoku:
Cloud top is 10930. This could act as a resistance, or break open trend for a long term bullish move.
Alternatively, if this position holds up, nifty will see 10400-10500 in the December series.

Pivots:
10878 is Pivot.
10921 is R1, this coincides with ichimoku cloud top and SST high break.
 

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