Tuesday, 12 March 2013

Lets Give a Shot :

11:33 AM :

SHORT SBI (Intraday)
Current Spot 2222
SL Day High 2228
Target : 2190

Negative Divergences in 2/5 min


12: 15 PM :

SBI Target HIT. Winding because 2185 is daily 13 ema. Hence the target was always 2190 intraday
60 minutes and 2200PE gains nearly 40 percent.


Eagle EYE.
There is a saying " Retailers are right most of the time but always wrong in timing "
                          Atleast I am not.

SS
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9 comments:

  1. Anonymous12 March 2013 at 11:48

    negative divergence was at 9:52 as well.why this time short!!!

    ZXC

    ReplyDelete
  2. SS12 March 2013 at 11:58

    Starting 30 min divergences are not trustworthy especially smaller time frames.

    Try it experience it.

    ReplyDelete
  3. SS12 March 2013 at 12:07

    And 9.52 is not a trade worthy negative divergence.
    I gave a shot on 2 min MACD making lower high (very low high) spot made a new high........

    And if any one can figure out there was a slanting HNS in 2 min charts as 2228 as head.

    ReplyDelete
  4. Anonymous12 March 2013 at 12:08

    yeah..that is what i figured out bearish divergence and HnS..but was not sure what u said as negative divergence :):)

    ReplyDelete
  5. Anonymous12 March 2013 at 13:06

    SS which charting software you use?

    ReplyDelete
  6. SS12 March 2013 at 13:19

    Google finance.
    Chart ink
    icharts

    ReplyDelete
  7. Anonymous12 March 2013 at 13:27

    iCharts paid versions?? are they free???

    ReplyDelete
  8. SS13 March 2013 at 00:19

    Paid versions , very nominal fees.
    But its a waste if you ask me.

    Just useful to draw intraday trendlines which is a bogus concept.
    Intraday channels /trendlines is not I consider.
    Google Finance is sufficient with a homework on daily charts with chartink

    ReplyDelete

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