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How to trade using iCharts Levels (Oct 2010)
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Author How to trade using iCharts Levels (Oct 2010)
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Post: #1   PostPosted: Fri Oct 01, 2010 9:41 am    Post subject: How to trade using iCharts Levels (Oct 2010) Reply with quote

On NF I am bullish as long as it is above BULL. NF has opened in the BULL-R1 band. Above R1 we can see further higher prices.
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Post: #2   PostPosted: Fri Oct 01, 2010 11:17 am    Post subject: Reply with quote

6151 is a resistance on the way to R3 (6188).
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dilesh
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Post: #3   PostPosted: Fri Oct 01, 2010 1:12 pm    Post subject: Reply with quote

SwingTrader wrote:
6151 is a resistance on the way to R3 (6188).


ST Sir,
Thanks for this post... Today I could start my trading late so entered Long in NF just near R2 with a Stop below R1... I was getting a bit uneasy looking at the already overextended move so booked 100% at 6150. Now looking forward for a reentry if NF takes support at 89EMA & R1. Hope that would be ok.

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Post: #4   PostPosted: Fri Oct 01, 2010 1:15 pm    Post subject: Reply with quote

dilesh wrote:
SwingTrader wrote:
6151 is a resistance on the way to R3 (6188).


ST Sir,
Thanks for this post... Today I could start my trading late so entered Long in NF just near R2 with a Stop below R1... I was getting a bit uneasy looking at the already overextended move so booked 100% at 6150. Now looking forward for a reentry if NF takes support at 89EMA & R1. Hope that would be ok.

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Dilesh


If NF does pullback to 89 EMA / R1 and gets supported there then it could be a good long entry point. We'll have to see if it gets supported or we get a reversal from here.

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Post: #5   PostPosted: Mon Oct 04, 2010 9:14 am    Post subject: Reply with quote

NF has opened in the BULL-R1 band, strong resistance here....if NF breaks below bull then the key EMAs (34 is near LOC / 89 is in the bear-s1 band) below could be tested. Above R1 we could see higher prices.
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Post: #6   PostPosted: Tue Oct 05, 2010 9:10 am    Post subject: Reply with quote

05.10.2010

NF has opened between LOC & BEAR. It will be bullish above LOC (89 EMA also is around LOC), move up will accelerate above BULL. Below BEAR the down move gains strength.

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Post: #7   PostPosted: Tue Oct 05, 2010 12:06 pm    Post subject: Reply with quote

Hi ST Sir,
Got a good Short trade from BULL to 89EMA Very Happy

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Post: #8   PostPosted: Tue Oct 05, 2010 12:15 pm    Post subject: Reply with quote

dilesh wrote:
Hi ST Sir,
Got a good Short trade from BULL to 89EMA Very Happy

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Dilesh


Yep, perfect. Very nice counter trend trade.

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Post: #9   PostPosted: Thu Oct 07, 2010 9:22 am    Post subject: Reply with quote

07.10.2010

NF hit resistance around LOC and is now down below 89 EMA (which is flat). Significant support at BEAR. So a break below bear or a break above LOC would indicate any significant trend developing. Until then it is sideways between LOC & BEAR.

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Post: #10   PostPosted: Thu Oct 07, 2010 9:59 am    Post subject: Reply with quote

ST Sir,
Today I find trading in some stocks looks good than NF. BHARTIARTL can go very bullish, just after it crosses R1 now.

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Post: #11   PostPosted: Thu Oct 07, 2010 10:07 am    Post subject: Reply with quote

dilesh wrote:
ST Sir,
Today I find trading in some stocks looks good than NF. BHARTIARTL can go very bullish, just after it crosses R1 now.

Regards,
Dilesh


Yeah, BHARTIARTL looks good...it is already above R1 (cash scrip) but 89 EMA is resisting, once it goes above 89 EMA it can move up fast.

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Post: #12   PostPosted: Fri Oct 08, 2010 9:07 am    Post subject: Reply with quote

08.10.2010

NF now in bearish mode until it crosses R1 decisively and stays above it (89 EMA also is, at the moment, around R1 level). Will think of going long only above R1. Until then rallies are shortable.

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Post: #13   PostPosted: Fri Oct 08, 2010 12:40 pm    Post subject: Reply with quote

NF near S1....if it has to reverse to the upside then it has to be from here (BEAR-S1) band, if it continues to fall then the next reversal may be around S3.
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Post: #14   PostPosted: Mon Oct 11, 2010 10:05 am    Post subject: Reply with quote

11.10.2010

NF is currently in the BULL-R1 band. A move above R1 will take us up, a move below BULL we may see lower prices only after LOC breaks.

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Post: #15   PostPosted: Mon Oct 11, 2010 10:24 am    Post subject: Reply with quote

NF at 34 & 89 EMA confluence. 89 EMA on 15 mins also is around this area. If NF has to reverse this is a good area. A break below this area and then a break of LOC can be very bearish for the near term.
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