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Examples (March 2011)
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Author Examples (March 2011)
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Location: Hyderabad, India

Post: #1   PostPosted: Thu Mar 10, 2011 9:00 am    Post subject: Examples (March 2011) Reply with quote

Starting with yesterday's (09.02.2011) NF chart...

Please see the image attached. I have indicated key sup/res bands - BULL-R1 and BEAR-S1. On sideways days like yesterday the price usually reverses around these bands/areas. On trending days price cleanly breaks through these bands early in the day.

Yesterday price hit resistance in the BULL-R1 band immediately after market open and reversed down from there. Price then went below BEAR-S1 band and reversed from S2 (S2 was 5479 - not drawn on the chart). Around market open and then during the day whenever price is near these key bands I watch carefully for reversals or breakthrough beyond the bands.

Reversals around the bands


Now how you capture these reversals is up to you. One will have to test various indicators and stick to a combination. One idea is to just keep it simple and use a couple of moving averages and use their crossover as an indication of reversal. One can experiment with oscillators too but it is always tricky. I tend to rely on moving averages.

Breathroughs beyond the bands

Many times price consolidates once price moves beyond the bands which is a good entry point. If there is no consolidation, which indicates a strong breakout, one may have to enter and place a stop beyond an iCharts level below (or above for shorts). The decision here also depends on how mature the trend is - giving a mechanical rule is difficult in this case (like it was possible for reversals above). I will post examples of these in the near future to make things more clear - in few cases the decision is easy and in others it is difficult.

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pinoo99
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Post: #2   PostPosted: Thu Mar 10, 2011 9:14 am    Post subject: Reply with quote

Dear ST: Thanx for the insights. Just a thought: can one trade based on the Slow D and Fast D indicators vide attached chart...please give your views on the pluses and minuses of using the Ds. Thanx n Regards
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Post: #3   PostPosted: Sat Mar 19, 2011 8:37 am    Post subject: Reply with quote

Everybody....I will start posting regularly starting mid next week, I am tied up with some personal work until then.
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krg
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Post: #4   PostPosted: Sat Mar 19, 2011 10:59 am    Post subject: Reply with quote

ST sir
Happy to see u .. eagerly waiting 4 ur views


donatello
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girishhu1
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Post: #5   PostPosted: Sat Mar 19, 2011 12:08 pm    Post subject: Reply with quote

welcome back
waiting for your posts eagerly.
regards,
girish
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nsinojia
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Post: #6   PostPosted: Sat Mar 19, 2011 5:12 pm    Post subject: Reply with quote

girishhu1 wrote:
welcome back
waiting for your posts eagerly.
regards,
girish
Very Happy st sir, happy to know that you have resume work ., waiting for your posts in forum and rounds in sb Laughing
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Post: #7   PostPosted: Thu Mar 24, 2011 9:31 am    Post subject: Reply with quote

nsinojia wrote:
girishhu1 wrote:
welcome back
waiting for your posts eagerly.
regards,
girish
Very Happy st sir, happy to know that you have resume work ., waiting for your posts in forum and rounds in sb Laughing


Thanks. "rounds in sb" Mr. Green

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Post: #8   PostPosted: Thu Mar 24, 2011 9:37 am    Post subject: Reply with quote

NF is above the BULL-R1 area. Things are going to be bullish today until NF stays in or above this area.
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seshareddy
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Post: #9   PostPosted: Thu Mar 24, 2011 9:52 pm    Post subject: Reply with quote

Happy to c here again ST

God blessings with you


seshareddy Very Happy
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Arul Zen
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Post: #10   PostPosted: Fri Mar 25, 2011 9:38 am    Post subject: Reply with quote

Rounds in sb or Raids in sb?? Very Happy
ST welcome back Cool
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Post: #11   PostPosted: Fri Mar 25, 2011 9:53 am    Post subject: Reply with quote

seshareddy wrote:
Happy to c here again ST

God blessings with you


seshareddy Very Happy


Thanks Sesha Reddy garu.

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Srikanth Kurdukar
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Post: #12   PostPosted: Fri Mar 25, 2011 9:55 am    Post subject: Reply with quote

arul kumar wrote:
Rounds in sb or Raids in sb?? Very Happy
ST welcome back Cool


Thanks Very Happy

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Post: #13   PostPosted: Fri Mar 25, 2011 10:02 am    Post subject: Reply with quote

NF - 25.03.2011

NF has opened and still is in the BULL-R1 band which is a key sup/res band. In and above this band I am bullish, below BULL I am bearish until BEAR-S1 band where there may be significant support.

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rvg
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Post: #14   PostPosted: Fri Mar 25, 2011 6:33 pm    Post subject: Welcome back Reply with quote

Dear ST.. Welcome back to routine work...

May the almighty bless you with a good health, wealth and prosperity..
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deepakms
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Post: #15   PostPosted: Fri Mar 25, 2011 8:32 pm    Post subject: Reply with quote

Dear ST,

WELCOME BACK !
Pls keep posting and I think you had posted in the forum a few days back on starting a new topic on various settings to read charts.
I had requested in the same post to show in detail the chart used by you,meaning the settings and specific values like EMA (89 and 34).
Its been some since I have been using icharts but its always different to see what the expert uses.

So awaiting that new discussion............

Rgds
Deepak
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