Saturday, September 22, 2012

how to decide this is entry point?

Q. how to watch chart?

Ans. Set Bollinger band and moving average in your chart and watch them.

Q. What to watch in chart?

Ans. Check where is stock price going, and decide enter in trade.

Q. how to decide this is entry point?

Ans. Keep an eye on chart and when price will move above the 10 MA than prepare for buying, once it cross the middle Bollinger band, buy it.

check if price is moving side by side of Upper bollinger that means there is no signal for sell call, and you can stay with the buy call no worry about that the upper limit is reached, when you see that consolidation is started, that means you should be prepare to book the profit, and put the Stop loss on the bottom of last candle or middle bollinger, and watch, it may go up or reversal may be possible. if it go down your profit booking SL will be triggered and it will go up then you can stay with the call until next consolidation phase come.

for the Sell call use the same method, when price move below the 10 MA than prepare for selling and once it cross the middle bollinger band, sell it.
similar to buying strategy follow the lower bollinger band for consolidation and move your SL according to middle Bollinger band.

remember there is no upper or lower limit, one can stay on the call if its going with Bollinger band.

Q. how to decide that this is right time to enter in buy or sell call?

Ans.  Use the candle Stick chart to find out right time, if after consolidation there is a big candle that cross the 10MA or middle Bollinger enter in the trade according to the direction.

Q. Where should I put Stop Loss?
Ans.  Allways put Stop loss according to Bollinger Band. If you are buying any Stock, buy only when it cross center bollinger and put Stop loss at lower bollinger, similarly when you are in Sell call sell only when it cross the center bollinger and keep the Stop Loss at Upper Bollinger.

remember if you compromise this rule you have to face big loss.
this chart is free intra streaming  chart available at google 

From: Varun Kumar

Gopal (9/22/2012 8:47:26 AM): Market saluted the government's firm resolve to stay on the reform path to revive economy and boost investment as the benchmark S&P CNX Nifty zoomed by a massive 137 points at the National Stock Exchange (NSE) on Friday 
Gopal (9/22/2012 8:52:19 AM): Is reforms only fdi in retail of single and multibrand.seriously govt cannot resort to those better reforms the govt has to take to kickstart the economy. These reforms are meant only for the markets consumption. let us see
Gopal (9/22/2012 8:52:59 AM): fdi in insurance on hold
Gopal (9/22/2012 8:53:29 AM): pension and banking reforms will not go until main opposition agrees (9/22/2012 8:53:41 AM): ok
Gopal (9/22/2012 8:54:02 AM): will they agree at the present juncture?
Gopal (9/22/2012 8:54:13 AM): i doubt very much (9/22/2012 8:54:29 AM): ye
Gopal (9/22/2012 8:54:43 AM): have to be very cautious regarding mkts. (9/22/2012 8:55:40 AM): hmm (9/22/2012 8:55:54 AM): but i was trapped yester day 
Gopal (9/22/2012 8:56:13 AM): i was also trapped (9/22/2012 8:56:17 AM): i was thinking that won't move above 5630 (9/22/2012 8:56:37 AM): but breached stiff resistance (9/22/2012 8:57:07 AM): in smooth manner (9/22/2012 8:57:19 AM): well planned operators game
Gopal (9/22/2012 8:57:27 AM): i expected mkt not to cross and sustain above 5650, but did (9/22/2012 8:58:05 AM): they are holding oct shorts at 5730 level 
Gopal (9/22/2012 8:58:19 AM): nothing can be done if the govt helps the operators to take the mkt up (9/22/2012 8:58:35 AM): yes
Gopal (9/22/2012 8:59:08 AM): are u holding oct shorts (9/22/2012 8:59:39 AM): no (9/22/2012 9:00:01 AM): few members are holding puts of oct
Gopal (9/22/2012 9:00:14 AM): then who are holding shorts
Gopal (9/22/2012 9:00:24 AM): ok
Gopal (9/22/2012 9:01:09 AM): oct and nov may be a down periods
Gopal (9/22/2012 9:01:39 AM): As per (9/22/2012 9:01:43 AM): i saw huge oi buildup (9/22/2012 9:01:57 AM): in oct nifty (9/22/2012 9:02:14 AM): futures last day
Gopal (9/22/2012 9:02:16 AM): gann dates suggest there could be a top bettwen sept 21 to 24
Gopal (9/22/2012 9:02:58 AM): if that is going to happen then atleast for few weeks mktmay correct (9/22/2012 9:03:02 AM): will u please gimme sourse of these dates
Gopal (9/22/2012 9:03:44 AM): These are in gann writings , i some how missed it and searching it for u
Gopal (9/22/2012 9:03:59 AM): i wll try to locate for u (9/22/2012 9:04:18 AM): from where u are giving now
Gopal (9/22/2012 9:04:55 AM): These dates are permanent cycle dates and do not change
Gopal (9/22/2012 9:05:27 AM): and are constant for every year hence i have noted it down in my diary for reference
Gopal (9/22/2012 9:06:54 AM): pl tell me aboutt oi build up in nf of oct- i dont know about it (9/22/2012 9:08:21 AM): yesterday open int added in nifty futures and up by 54 % (9/22/2012 9:08:35 AM): for month of oct 
Gopal (9/22/2012 9:08:55 AM): what it means (9/22/2012 9:09:47 AM): if we will see directly its meaning is move was supported by oi build up (9/22/2012 9:09:52 AM): but (9/22/2012 9:09:59 AM): we all know (9/22/2012 9:10:20 AM): practically it was not the case (9/22/2012 9:10:41 AM): trader were covering their short posns (9/22/2012 9:10:54 AM): or stops were triggering (9/22/2012 9:11:01 AM): above 5660 (9/22/2012 9:11:23 AM): and market was moving up due to that (9/22/2012 9:12:03 AM): but smart traders and players were taking short positions
Gopal (9/22/2012 9:12:07 AM): i understand now and how could u say it is short covering can u enlighten me (9/22/2012 9:12:42 AM): see oi of sept was not increased (9/22/2012 9:13:18 AM): if oi not increased than who was buying and selling (9/22/2012 9:13:30 AM): was that intra trade only ? (9/22/2012 9:14:59 AM): as per me basket buying was initiated by marke movers at open and they created long and hold/moved market above 5650 (9/22/2012 9:16:03 AM): later they off loaded their stuff above to short covers in planned manner and created their short above 5700 (9/22/2012 9:16:36 AM): so we are seeing addition of oi in nifty (9/22/2012 9:17:20 AM): i may be wrong in this interpretation ...
Gopal (9/22/2012 9:18:10 AM): ok
Gopal (9/22/2012 9:19:28 AM): i also feel thiss could be bull trap if what ur saying comes true (9/22/2012 9:20:24 AM): next 3 4 days move will confirm if I m true on this observation

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