iCharts Discussions

rsnerella · White Belt Joined: 30 Jul 2008 Posts: 153

Interesting thread. Will wait for a short term trade to get initiated. 5688 Future or spot?

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

rsnerella · White Belt Joined: 30 Jul 2008 Posts: 153

Thanks Steve.

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

bought 5600ce at 111... let's see how the trade pans out..
target 1 =145.20
SL=95.9

cheers
stevenmat

meena_1983 · White Belt Joined: 05 Apr 2013 Posts: 5

Hi steve thanks for your post i am karthiktg.......... will u book partiall or fully at 145........

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

i am so sorry karthik...if you had kept the SL then i guess you would have hit it after hitting at high of 142 odd..i quickly changed my SL in order to avoid these whipsaws... sorry couldnt post that on time..

But i am anyways happy to say that i have booked profits entirely at 196.4..
You can check it .. Order ref : 201304181600019550

74% profits in two days!! yayy !!

2guns

happy trading

cheers
stevenmat

maddyprincess · White Belt Joined: 15 Nov 2011 Posts: 160

Steve,

We believe you !
It's time for u !

Maddy

meena_1983 · White Belt Joined: 05 Apr 2013 Posts: 5

Hi steve!!!!!! No issue me too earned some points ..... Really i want to tell thanks today after market hours.... One confusiion is usually u dont give stop loss for the trade.....another crossover is the opposite trade and another thing is u never warned like that comment ( Note: Market is downtrend so take call options for day or two) this comment created panic to me. But one thind i observed in ur strategy is No panic,No future predcition,No fundamentals,No world market,No trend decider........ ONLY STEVE STEVE STEVE IS THE MANTRA

deepakms · White Belt Joined: 13 Aug 2009 Posts: 194

Hi Steve,

If possible request you to post the chart of nifty .....for the last week or 10 days, basically to see how you tracked the move for a close above 5688.

Thnx/Rgds
Deepak

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

newinvestor · White Belt Joined: 16 Feb 2010 Posts: 120

Hi Steve,

Thanks for this interesting strategy.

Can you pls share your EMA calculations that made you arrive at 5688

stevenmat · White Belt Joined: 27 Dec 2011 Posts: 478

For high risk takers :

If we close at or above 5831 today (which is obviously likely) we can look to buy some calls since there would be a 3 15 EMA cross over on the weekly time frame.. target of 6050 in this series..

Let's see anyways...

I am buying some amount of 6100 calls at 24...

Note: i am buying only a few quantity as i am not really sure how its going to pan out to be.

Problem: No stop loss

cheers
stevenmat[/b]

newinvestor · White Belt Joined: 16 Feb 2010 Posts: 120

[quote="stevenmat"]For high risk takers :

If we close at or above 5831 today (which is obviously likely) we can look to buy some calls since there would be a 3 15 EMA cross over on the weekly time frame.. target of 6050 in this series..

Let's see anyways...

I am buying some amount of 6100 calls at 24...

Note: i am buying only a few quantity as i am not really sure how its going to pan out to be.

Problem: No stop loss

Dear Steve.

Thanks for the guidance. For me, your 3/15 is going well on the Daily. ( although no time to trade, just academically following your posts).

A whip / loss on the weekly will dent the confidence that I am gaining on the daily.

By the way, would appreciate if you could educate us on how you reached the figure of 5688 for the previous bullish crossover

Thanks. Keep Rocking.