Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%
  • March 6th 2011

    Votes: 8 25.0%
  • March 13th 2011

    Votes: 5 15.6%

  • Total voters
    32
  • Poll closed .

crown

Well-Known Member
I hope I have answered all the queries I had to over the weekend. If there is still something pending, kindly let me know.

Tc
Raunak bhai

Please comment on the Cipla chart that I posted.

Thanks
 

Piuvbn

Active Member
This is how Colgate was executed. I have marked the Weekly,daily and hourly resistance on the chart. Once these were taken out, there was nothing more to do. Its as simple as that. Simple things work much better than complex things. Things to watch out here were,

1. Stock moved up in May June.
2. Consolidation (price and time wise) for the next 2 months.
3. Breakout with good volumes. Resistance penetrated.
4. Excellent risk to reward

Tc

RaunakVai
Please accept my gratiude. You make it so easy to understand. Please let me know how you single out any particular stock from the maze of them,considering A grade stocks also are quiet a handfull. My best regards.
Partha Roy
 

SwingKing

Well-Known Member
RaunakVai
Please accept my gratiude. You make it so easy to understand. Please let me know how you single out any particular stock from the maze of them,considering A grade stocks also are quiet a handfull. My best regards.
Partha Roy
Partha,

I do swing trades only in Futures. I used to do it in Equities first. But then I got bored. :)

Hence as of today there are 198 stocks in Futures, which in my opinion are not that many. Also, I tend to overlook stocks which are not within my volatility criteria. Read my beta related post in the previous page. You will know how I narrow stocks down.

Tc
 

SwingKing

Well-Known Member
Thanks Raunak Bhai for sharing

It will be like the Chart of Cipla, if I can take it as a live example.

It has taken good support from 305 levels and with reasonable volumes.
For the past three days the chart is in consolidation phaze having support at 312 and 310.

Therefore, if one find the Cipla trading near its support levels like at 315, he can take an intraday long entry with the stoploss of 312. Therefore, first requirement is to keep watching the script during its intraday movements. Second, one has to be amply experienced and knowledgeable to understand if it is having intraday up-trend or not. Third, initiating the trade with full acceptance that it may trigger the stoploss.

Chart is below for reference.
Crown,

The overall concept is fine. But you need to monitor levels from different time frames. Without doing that, your analysis will remain incomplete. Look at colgate again and see what and how I have integrated. Intraday levels are only monitored to detect the change in Demand and Supply situation.

Tc
 
Hai Rounakji
Plz. Answer my querry
1) in the index of this thread there is a weekly strategy of "3-4 day swing setup". So for that do we need RT Data.
2)What is "Dual Time Frame" in trading plz. Explain.
Thanks
 

SwingKing

Well-Known Member
Hai Rounakji
Plz. Answer my querry
1) in the index of this thread there is a weekly strategy of "3-4 day swing setup". So for that do we need RT Data.
2)What is "Dual Time Frame" in trading plz. Explain.
Thanks
Sandip,

You don't require RT data for it.

I have clearly explained Dual time frame strategy in one of the pages. Just refer to the index. It is basically taking trades in the direction of higher time frame while entering from a time frame lower than the higher one. Go through the entire post where I have posted this strategy, you will understand it.

Tc
 

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