iCharts Discussions

[karthiktgmba]

HI steve do u believe that weekly 315 theory is working out when compare to daily cross over, because u didnt mentioned earlier about weekly cross over............. do u ever traded with weekly 315 crossover earlier and what will be the success ratio in your earler trade in weekly cross over????? If u dont mind let me know

Thanks,
Karthik T G

[stevenmat]

3 15 is very powerful in daily tf and a little less reliable in weekly tf... but it gives very high targets on weekly cross overs.. and hence i am risking a little of my money... that's why i said i am buying a little quantity..

note: weekly crossover back fired consecutively first two weeks of march 2013..it gave a sell signal on march first week...then it gave a buy signal in the second week...then it again gave a sell signal on 3rd week... although you would have made money on the last trade..you would have lost on the first two...considering risk/reward is 1:3.. you would be just even with all the SAR trades..

[karthiktgmba]

Thanks for your reply STEVE i like ur way when ever opportunity comes without knocking ur door ur presence is here ...... so i am really happy to see ur post and the way u answer........ but how u could jude that 5831 level and 6050 tgt if possible share with us

Thank you,
Karthik T G

[stevenmat]

Selling the entire 6100 calls at current levels (ie 40)

Not bad 24 >>>40



cheers
stevenmat

[karthiktgmba]

thanks steve me too booked fully thanks for ur update.............. do u see any reversal from here?????

[stevenmat]

oops..i think we booked early...anyways...we made profits atleast..

[sanjay875]

Hi Stevenmat

just reading this thread of trading on 3-15 EMA bassis. Looks quite interesting. I just wanted to know when should we enter the trade i.e. next day after the close or same day 5-10 min befor the close.

Secondly I am trying the same for intraday trading on 5-min chart. Which set of ema crossover is good for intraday.

Also if you can suggest how can we use MCAD along with this crossover for early signal.

Thanks in advance

Regards
Sanjay

[horizon.mathur]

Do we have a crossover now ?

As per calculations if during the closing time , nifty manages to close below 6012 than we can initiate ATM or near the money NIfty Put options.

Regards
Horizon

[stevenmat]

Its been a while... but we are patient and waiting for our trades..

a close at or below 5989 will initiate buying of puts..

let's see if we close there

[horizon.mathur]

Dear Steve

How did you get the figure of 5989. I have plotted 3 and 15 days EMA and crossover is on 6012 .

Please correct my calculations and suggest.

Regards
Horizon

[stevenmat]

[karthiktgmba]

hi steve did u initiated????????put option

[vinay28]

[stevenmat]

[kaaviyahari]

Hi Steve

I am watching you method, its working good, can you post abt your entry in put option and SL and TGT


Kaaviya