Karthik's EOD Strategy based on INSIDE BAR

[karthik_sri]

RKKji,
I presume the chart is of Maruti (Futures). Everything is perfect except in my chart there is an Inside Bar occured on 18th Jan'13 which is not visible. Please do check the same.

I have posted the chart reference for the Trade reference. I have modified the levels of fibonacci Target & SL for easy understanding. The trade gave profit of Rs.19/- with 250 lot size we would have made Rs.4750/-

http://i.imgur.com/wO5DguM.png

 

[karthik_sri]

The next Inside Bar occured on 7th & 8th Jan'13 but after that there were three bars Inside the range of 7th bar (which I say Mother Candle) which means or shows the Undecision between the Buyers/Sellers or Bulls/Bears! After the fight Bulls giveup to bears and price fallen down closing below 7th Jan'13 bar low! The profit generated is Rs.35/- with lot size of 250 we would have earned Rs.8750/- (with one lot)!:thumb:

Chart for Your Eyes!

http://i.imgur.com/48MrMUr.png

 

[karthik_sri]

The next Inide Range bar on MARUTI occured on 16.01.13 and break happened on 23.01.13!

The profit Rs.45/- with one lot (250) we would have earned Rs.11250/-

http://i.imgur.com/rwfdahv.png

 

[karthik_sri]

MARUTI Inside bar on 6th & 7th and break down on 8th!
Let us see what happens on 11th Jan'13

Chart with levels posted. Profit target of Rs.28/- SL of Rs.28/- with RR 1:1

http://i.imgur.com/YNn9oqs.png

 

[karthik_sri]

Just thought to share the shooting star pattern...just came into my eyes while reading the Chart!

http://i.imgur.com/BYnHiMK.png

 

[karthik_sri]

Morning Shooting Star on WIPRO-I

http://i.imgur.com/Pifuelt.png

 

[rkkarnani]

RKKji,
I presume the chart is of Maruti (Futures). Everything is perfect except in my chart there is an Inside Bar occured on 18th Jan'13 which is not visible. Please do check the same.

I have posted the chart reference for the Trade reference. I have modified the levels of fibonacci Target & SL for easy understanding. The trade gave profit of Rs.19/- with 250 lot size we would have made Rs.4750/-

http://i.imgur.com/wO5DguM.png

Karthik, Sorry by mistake I posted trades as per Maruti spot chart !

The chart you have posted is marked for 28th and 31st December.

 

[rkkarnani]

Here is a Maruti Jan 2013 chart. By mistake took up Maruti Spot chart instead of Futures chart for marking the trade. Now feeling lazy to do it all over again on a Futures chart !
It may not give an exact picture but surely explains the Strategy suggested by Karthik.

 

[rkkarnani]

Maruti charts posted by me are of Maruti Cash, please adjust levels for trade if any on Monday as per Futures chart.
Sorry for this error !

 

[rkkarnani]

Morning Shooting Star on WIPRO-I

http://i.imgur.com/Pifuelt.png

Morning Shooting Star and Morning Star, are they same. Could not locate any details about the "formation' by name of Morning Shooting Star.
Please post a link if both are different.