Trading Strategies Using Technical Analysis

imo

You should then hold the scrip for 30 min or 60 min tgt BUT the SL for the same would be different i suppose, much higher. So if ur SL survives then 30 min or 60min pattern tgt, if not then you get back into higher TF EOD SL and tgt.

Say for eg EOD tgt 260 SL 239 entry at 242.
Now 30 min or 60 min tgt giving you 374. But natural your SL would be higher bcoz of lower TF, so say 241 or 240.50 or whatever. If that survives then you are on, if not then you take your next SL, since lower TF pattern is negated BUT higher TF pattern is not as SL is still alive.

Hope I am clear and not going round in cicrles explaining to you

This is just from my own simple logic and no books / research etc. This is what I understood I should have done if I were in that trade. I could be dead wrong and would request you to take your own judgement.

Also, is this Gitanjali u r talking abt ? Can you post chart and lower TF patterns? If not Gitanjali or if u r not comfy to post, cool ....

R in simple terms is defined as Risk.

Often, the best traders, never take a loss of more than 1R. Whereas, naive traders, often take losses of 2-3R (two to three times of what they should have risked) unknowingly.

Tc

Dear,

You are the one who took the trade, dealt with the stress and you are the one who exited it. There's no question of thanking someone else. Its all 'You' here. Pat your back and say 'Well done'.

Tc

The lower you get on time frames, the less reliable the pattern becomes; time wise and target wise. A target on 30 min chart would be valid according to the underlying time frame. That is, 30 min. In the next 30 min whole complexion of markets can change and if it does, this would mean, traders from higher time frame would be dominating the market. This is something you would not want as a trader.

Book half profit according to Daily target, and let rest trail with stop loss of 259 - 260.

Tc

You got it right Murtuza bhai... I am talking about Gitanjali... I am sorry i cannot post chart coz I am facing some problem in exporting chart from livecharts... below is my reasoning and details...

on 15 min chart Disproportional Displacement is confirmed and locked.. hence giving me target of 274 or so with the SL of 239...

On 30 min chart DD is under formation but not locked and confirmed... tgt and SL remains same here...

On 60 min chart again DD is under formation but at very primary stage.... tgt and SL remains same...

I am looking at 14 RSI for DD... if you can check and let me know....

P.S. - It was DD on daily chart and I got into trade based on DD only...

Bests,
Apurv

Can u elaborate on DD (Disproportional Displacement) pls Apurv ...

Like I am totally confused ... even googling did not give me any results

btw I exited today at 242/-. No particular reason .. my tgt fulfilled ..

BUT I would surely like to know what this DD is pls ...

Need opinion on KPIT... Is it good buy at current level with SL of 156??? My ADX method is still not giving me signal but other method is giving me early entry sign...

Enter it. Keep a SL at 161.

If it breaches this level, wait for re - entry again. Will update the buy levels.

Goenka still remains a buy if it closes above 114.

Tc

Will surely post here... I need lil more time to work on this method... Mostly will prepare entire write up over the weekend... for doing google add walter j baeyens that will help u getting this... I am reading his book on RSI and got to learn this... no vested interest, I just do not want to post something that I am also not 100% confident on.

Hi Raunak Ji
Could you plz suggest some reading on future position hedging using options.

Thanks and Regards

Yamin