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3 , 15 EOD EMA Cross over trades |
newinvestor
White Belt
Joined: 16 Feb 2010
Posts: 120
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Post: #211  Posted: Fri Jun 14, 2013 11:32 am Post subject: |
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| stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
Tks for update |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #212 Posted: Fri Jun 14, 2013 11:47 am Post subject: |
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| stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
5852 or 5752? |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #213 Posted: Fri Jun 14, 2013 12:05 pm Post subject: |
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| vinay28 wrote: | | stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
5852 or 5752? |
5852 only vinay... i know we are well below that level.. but just saying that weekly closing below 5852 gives us the cross over.. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #214 Posted: Thu Jun 20, 2013 1:59 pm Post subject: |
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| stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
i hope people have listened.. anyways like i had said last week i havee averaged out 5400 PEs at a total per unit cost of 24.5... now sitting on approx 70% profit...
I will book 40% now and will book the rest 60% later(i am willing to take higher risk)
Note: for those who doesnt want to take much risk can book profits now
I hope people have manager recoup some losses they encountered last time
cheers
stevenmat |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #215 Posted: Fri Jun 21, 2013 9:37 am Post subject: |
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| stevenmat wrote: | | stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
i hope people have listened.. anyways like i had said last week i havee averaged out 5400 PEs at a total per unit cost of 24.5... now sitting on approx 70% profit...
I will book 40% now and will book the rest 60% later(i am willing to take higher risk)
Note: for those who doesnt want to take much risk can book profits now
I hope people have manager recoup some losses they encountered last time
cheers
stevenmat |
The overall sentiment is bearish... hence i am a little apprehensive.. I will book another 40% of my PEs at levels of 48.5/49..
Remaining 20% i'll keep ...since i made such a huge profit this time..Like how you would do it in the casinos...when you make money out of skill games like poker you gamble a little out of your winnings for "luck" games.. likewise i'll like to keep that 20% for the roulette table 
cheers |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #216 Posted: Fri Jun 21, 2013 10:02 am Post subject: |
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| stevenmat wrote: | | Remaining 20% i'll keep ...since i made such a huge profit this time..Like how you would do it in the casinos...when you make money out of skill games like poker you gamble a little out of your winnings for "luck" games.. likewise i'll like to keep that 20% for the roulette table cheers |
Why give away poker winnings on roulette to some unknown? If you feel you have made too much money, give a party for IChartians in your city, and celebrate!
BTW, Your EMA crossover is really going strong. Congrats!
Prakash Holla
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #217 Posted: Fri Jun 21, 2013 10:13 am Post subject: |
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| pkholla wrote: | | stevenmat wrote: | | Remaining 20% i'll keep ...since i made such a huge profit this time..Like how you would do it in the casinos...when you make money out of skill games like poker you gamble a little out of your winnings for "luck" games.. likewise i'll like to keep that 20% for the roulette table cheers |
Why give away poker winnings on roulette to some unknown? If you feel you have made too much money, give a party for IChartians in your city, and celebrate!
BTW, Your EMA crossover is really going strong. Congrats!
Prakash Holla
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hehe...it happens with me in casinos... but i make sure i spend only a little on roulette..lol.. there should be an ichartians getogether in mumbai.. lets see..one day we will all make money and celebrate...like the trailer of "wolf of wall street" 
EMA toh super strong hai...just that some times it'll test your patience..
cheers |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #218 Posted: Mon Jun 24, 2013 2:27 pm Post subject: |
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| stevenmat wrote: | | stevenmat wrote: | | stevenmat wrote: | NS close below 5852 will trigger a 3 15 ema cross over on the weekly tf... I will be accumulating July 5400PEs at 28 (lower levels if possible , next week)..
Note: i have no SL and no target. Hence those who have that kind of money to "gamble" with can follow along..
cheers
stevenmat |
i hope people have listened.. anyways like i had said last week i havee averaged out 5400 PEs at a total per unit cost of 24.5... now sitting on approx 70% profit...
I will book 40% now and will book the rest 60% later(i am willing to take higher risk)
Note: for those who doesnt want to take much risk can book profits now
I hope people have manager recoup some losses they encountered last time
cheers
stevenmat |
The overall sentiment is bearish... hence i am a little apprehensive.. I will book another 40% of my PEs at levels of 48.5/49..
Remaining 20% i'll keep ...since i made such a huge profit this time..Like how you would do it in the casinos...when you make money out of skill games like poker you gamble a little out of your winnings for "luck" games.. likewise i'll like to keep that 20% for the roulette table
cheers |
That was pretty fast !! booking 10% out of the remaining at 67 levels.. |
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satishboda
White Belt
Joined: 15 Dec 2010
Posts: 54
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| Post: #219 Posted: Tue Jun 25, 2013 10:19 pm Post subject: |
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| Hi Steve.. what is the time frame used in this 3 x 15 method... I read somewhere in your post as weekly TF... I am kinda lost in this thread.. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #220 Posted: Wed Jun 26, 2013 10:59 am Post subject: |
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| satishboda wrote: | | Hi Steve.. what is the time frame used in this 3 x 15 method... I read somewhere in your post as weekly TF... I am kinda lost in this thread.. |
Hi satish! i trade when there is crossover when you plot both EOD & weekly data for the nifty spot. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #221 Posted: Mon Jul 01, 2013 1:17 pm Post subject: |
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| There would be an EMA cross over with today's close....I would be looking to buy 35% calls today and 65% calls tmrw.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #222 Posted: Mon Jul 01, 2013 1:37 pm Post subject: |
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| stevenmat wrote: | | There would be an EMA cross over with today's close....I would be looking to buy 35% calls today and 65% calls tmrw.. |
how can you be so confident?
what is the likely level of x'over? |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #223 Posted: Mon Jul 01, 2013 1:45 pm Post subject: |
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| vinay28 wrote: | | stevenmat wrote: | | There would be an EMA cross over with today's close....I would be looking to buy 35% calls today and 65% calls tmrw.. |
how can you be so confident?
what is the likely level of x'over? |
hehe... the cross over level is 5760.. that's why i dint mention it explicitly ..
Note: the closer you get to buy at the cross over level the better it is (i know..its obvious!) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #224 Posted: Mon Jul 01, 2013 1:48 pm Post subject: |
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| stevenmat wrote: | | vinay28 wrote: | | stevenmat wrote: | | There would be an EMA cross over with today's close....I would be looking to buy 35% calls today and 65% calls tmrw.. |
how can you be so confident?
what is the likely level of x'over? |
hehe... the cross over level is 5760.. that's why i dint mention it explicitly ..
Note: the closer you get to buy at the cross over level the better it is (i know..its obvious!) |
but you always talk about weekly close? Also, even if it is daily close, why not wait for a couple of days? |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #225 Posted: Mon Jul 01, 2013 2:29 pm Post subject: |
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| vinay28 wrote: | | stevenmat wrote: | | vinay28 wrote: | | stevenmat wrote: | | There would be an EMA cross over with today's close....I would be looking to buy 35% calls today and 65% calls tmrw.. |
how can you be so confident?
what is the likely level of x'over? |
hehe... the cross over level is 5760.. that's why i dint mention it explicitly ..
Note: the closer you get to buy at the cross over level the better it is (i know..its obvious!) |
but you always talk about weekly close? Also, even if it is daily close, why not wait for a couple of days? |
i trade on both...daily close and weekly close..
Why wait? cross overs generally gives a big move very quickly..so the entry and exit are also quick... |
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