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3 , 15 EOD EMA Cross over trades |
Gemini
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Joined: 28 Apr 2009
Posts: 166
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Post: #31  Posted: Fri Mar 01, 2013 10:33 am Post subject: |
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Great thread. Very good for traders who are not able to spend time in front of terminals and still want to participate in trading activity. Needs lot of patience !
I suggest waiting for Nifty to reach oversold level ( may like to use Williams' % R (10 days) ) before opening fresh shorts. Right now, in my personal opinion, Nifty is oversold and hence, risk reward ratio for fresh short is low.
Let us see what market decides to do ! |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #32 Posted: Fri Mar 01, 2013 4:15 pm Post subject: |
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| Shorted just before close ... Holding 5800 puts at 118.. |
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stevenmat
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Posts: 478
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| Post: #33 Posted: Sat Mar 02, 2013 9:51 am Post subject: |
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| Just a chart showing entry and exit on daily EOD basis |
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Gemini
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Joined: 28 Apr 2009
Posts: 166
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| Post: #34 Posted: Sat Mar 02, 2013 10:52 am Post subject: |
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Stevenmat,
Thanks. Very useful chart.
Curious to know about exit strategy. Do you wait till next crossover ( i.e. Stop and Reverse) or exit earlier based on some method for trailing loss? |
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maddyprincess
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Joined: 15 Nov 2011
Posts: 160
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| Post: #35 Posted: Sat Mar 02, 2013 11:23 am Post subject: |
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Hi steve,
Suggestion to fine tune the method
Use macd crossover for further confirmation
It could avoid whipsaws ! |
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shanticomq
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Joined: 22 Jan 2011
Posts: 219
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| Post: #36 Posted: Sat Mar 02, 2013 11:34 am Post subject: |
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Hi Maddyprincess
steve is using EMA Not SMA
in ur chart ur using 26 & 12 SMA not 5 & 15 EMA.
Regards
Sanjay |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #37 Posted: Sat Mar 02, 2013 11:45 am Post subject: |
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| Gemini wrote: | Stevenmat,
Thanks. Very useful chart.
Curious to know about exit strategy. Do you wait till next crossover ( i.e. Stop and Reverse) or exit earlier based on some method for trailing loss? |
I don't wait for long...i generally exit on the second day after cross over..
Have to fine tune a system for target..
N.B: Since i exit in two days we never get huge reward points.. But like i mentioned earlier.. In the Feb series we shorted on Feb 1st at 6000 level and covered the shorts 5950 levels.. and that was a gain of around 30% of your capital... But if we had waited till expiry we would have had a 364 % return.. But i believe that 30% in two days is better than 300+% in three odd weeks... |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #38 Posted: Sat Mar 02, 2013 11:52 am Post subject: |
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| shanticomq wrote: | Hi Maddyprincess
steve is using EMA Not SMA
in ur chart ur using 26 & 12 SMA not 5 & 15 EMA.
Regards
Sanjay |
That's correct shanti..
@maddy : I do check MACD 12,26,9 as an indicator .. But MACD can back fire quite a number of times.. Like looko in the months of Dec & Jan.. 3 15 EMAs never crossed over.. but MACDs kept crossing over which would give you wrong trades..
Besides if you firmly believe in one system then its better not use more indicators which can toy with your rational thinking.. |
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maddyprincess
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Joined: 15 Nov 2011
Posts: 160
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| Post: #39 Posted: Sat Mar 02, 2013 3:16 pm Post subject: |
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Steve,
I meant if you club both you get extraordinary returns
Look for crossover of ema's also check macd is in your favour.
Trigger the gun.
The trade should be placed only when both favours you, otherwise it could be sideways trend
Maddy |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #40 Posted: Tue Mar 05, 2013 2:08 pm Post subject: |
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Correct maddy..
Bought more 5800 puts at 73.8 |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #41 Posted: Wed Mar 06, 2013 11:41 am Post subject: |
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| Stop loss triggered at today's open.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #42 Posted: Wed Mar 06, 2013 11:55 am Post subject: |
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| stev, in a trending nfity, may be you should look at lower tf for squaring off earlier? |
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shanticomq
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Joined: 22 Jan 2011
Posts: 219
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| Post: #43 Posted: Wed Mar 06, 2013 12:41 pm Post subject: |
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Hi Steve
Can u post ur chart after crossover happen 3,15 EMA
Regards
Sanjay |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #44 Posted: Wed Mar 06, 2013 1:14 pm Post subject: |
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| yea .. this time i think i got in too early.. anyways lets see... |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #45 Posted: Wed Mar 06, 2013 1:15 pm Post subject: |
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| @shanti : Its a simple plot...Just plot 3 EMA,close and 15 EMA,close... take trades during cross overs.. |
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