Once again Turtle Soup ..

[rangarajan]

@RR

Pls hv a look at BHEL chart... on 4th Dec 2012 was there a short signal as per Turtle soup? If so, then the AFL is not showing it?

jamit,
No & the last Sell was below 25th Sep H 256 which was breached on 5th oct & the L on the same day was 225, ie 31pts.Fantastic.

On oct30th 222.2 was the tri low for Buy.
Again,jan17 was the Trig Low 222 for Buy.
My post here on Previous Trig points acting as S/R may be worth watching.

 

[anup]

Cool.. CAn anyone publish , which are the tomorrows probable candidate for Turtle soup..

 

[rkkarnani]

9th Nov '12 was the 20 day high 239.50; This got breached on 4th Dec '12;

On 9th Nov the high was not a 20 period high. On 9th Nov 20 period highest high was 254.50 a high made on 12th Oct, exactly 20 period back. Before 4th December, the 20 period high gradually came down and the high of 239.60 made on 9th Nov was 20 period high till 3rd of December. This high was breached on 4th December ! On 4th Dec we did have a Turtle Soup set up and , if traded would end up in some loss ! Cannot be sure without Intraday data of 4th Dec for BHEL.
On 4th Our trade was :
Price must rise above 239.60
We Sell below 239.60 less filter.
Our SL would be the High made on 4th Dec at the time trade is triggered Plus filter.
OHLC of 4th Dec :238.25 242.40 236.75 237.60
This gave an opportunity of Rs.2.85 less filter, say around 2.00
If we didnt exit the trade the same day, next day low was 236.10 and if we still held on to the trade, we would get SLed on 6th Dec when it made a high of 243.95

 

[rkkarnani]

throwing an error... says "can't find the page"

Sorry ! But, I clicked on the link and a Download started ! Please try again !

 

[rkkarnani]

Excel sheet for 31st Jan EOD

https://dl.dropbox.com/u/73613258/Turtle Soup.xls

 

[vsaran]

burai123,

SBI is not 20 day low.

 

[Bewinner]

Both afl and exploration was written by sr114 in the previous thread...wasn't that sufficient?

 

[rkkarnani]

burai123,

SBI is not 20 day low.

SBI did make a 20 day low today by breaching the previous 20 day low. In fact it gave a Long trade opportunity and a few friends made some money also.

vsaran, Do post why you think it did not make a 20 day low? Its this route of posting your doubts or views which really helps to better understand the strategy. Please feel free to post further questions in this regard.

 

[rkkarnani]

Power grid did breach the previous 20 day low today but by a very small margin. It may be kept on radar for tomorrow.

 

[rkkarnani]

Reliance infrastructure ltd, is very near the previous 20 period low at 512.30 made on 25th Jan 2013. It had made a low of 513.05 today(31st Jan). If it opens or goes below 512.30 , then we go long above 512+filter