How to trade with an oscillator

[balasoft80]

Someone could you please post Jan 5th 30 and 60 minute nifty future charts?

 

[balasoft80]

Hi SG,
What is wrong with this entry? Thanks

Hi SG,
Could you please comment on this? Just I would like to know whether my entry wrong or it is failed scenario? Thanks much

 

[SavantGarde]

Bala,

Marking on the Stochastic is neither Strategy 1 or 2, therefore didn't comment on it earlier.....ST is more capable of dissecting this Chart for you.

SG

Hi SG,
Could you please comment on this? Just I would like to know whether my entry wrong or it is failed scenario? Thanks much

 

[anjanbm]

Dear ST,
If your time allows please post a chart on 5min live lntraday chart with live comments to take trades during market hours.
regards,
anjanbm

 

[anjanbm]

Dear ST,
Today on 30 min Stochastics we can see more than 9 bars staying in overbought zone and tomorrow if we get a buy signal on 30 min stochastics can we enter on long side.(after coming out of ob zone)
regards,
anjanbm

 

[rangarajan]

This Chart satisfies most of the strategies discussed here.

a)Buying on dips if the stock stays in O/B for more than Five bars
b) Negative divergence
c)Shorting below P/L below 21SMA & buy above P/H above 21
d)Magnetic nature of SMA
e)Trade in the direction of SMA
f)Patience & Conviction in yr trading technical
g)How volatility increases during News time
h)How trading is simple & how traders complicate.
i)How only SMA,Price & Stoch(for confirmation) are more than sufficient.

All the above in the words of Smart,savant & 4xpip & only reproduction from my side.

 

[Smart_trade]

Dear ST,
Today on 30 min Stochastics we can see more than 9 bars staying in overbought zone and tomorrow if we get a buy signal on 30 min stochastics can we enter on long side.(after coming out of ob zone)
regards,
anjanbm

The buy entry was today....now after 9 bars in overbought zone, market may get exhausted...so buying tomorrow not as per the method....though the market may go up but it is not a low risk entry now (meaning buying tomorrow on this today's 9 bars signal not is correct...)

Tomorrow trade on the signals you get during the market time.

Smart_trade

 

[anjanbm]

The buy entry was today....now after 9 bars in overbought zone, market may get exhausted...so buying tomorrow not as per the method....though the market may go up but it is not a low risk entry now (meaning buying tomorrow on this today's 9 bars signal not is correct...)

Tomorrow trade on the signals you get during the market time.

Smart_trade

Dear ST,
Attached 5 min chart and can we expect the same scenario in 30 min ?
regards,
anjanbm

 

[Smart_trade]

Dear ST,
Attached 5 min chart and can we expect the same scenario in 30 min ?
regards,
anjanbm

It is a low risk entry in 5 min bars. Yesterday there were 2 more entries on divergence, breakdown failures etc and they were low risk entries.

Dont know whether same will hold good for 30 min today because 9 bars in 5 min is 45 minutes move....still lot of time to continue. But 9 bars in 30 min is 4.5 hrs move...which may be on the point of tiring out in current scenario.

The move on 30 min also may continue some more time as the market has broken out of a range.

Smart_trade

 

[anjanbm]

Dear ST,
On 5min stochastics between 12 and 12:25 osc was below 20 and spend more than 5 bars, osc went into OB around 2:15 and gave a sell signal at 2:25, can we sell below the sell signal bar.
regards,
anjanbm