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3 , 15 EOD EMA Cross over trades |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #466  Posted: Tue May 13, 2014 1:41 pm Post subject: |
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| stevenmat wrote: | | vinay sab.. I've been busy with work and stuff... nifty has reached your target levels right ? view kya hai ? would you call this as "irrational exuberance ? |
may not be yet steve. I can understand busy with work but what is busy with "stuff"?  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #467 Posted: Tue May 13, 2014 2:12 pm Post subject: |
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| stevenmat wrote: | | I've been busy with work and stuff... would you call this as "irrational exuberance ? |
1 Steve, this "stuff" can only be = counting the rupees you have pocketed recently placing puts and calls as per crossover system! Nice to see you have made so much that you are prepared to leave 10% on the table for croupier and other players!!!!!
2 irrational exuberance? Isnt irrational implied in exuberance?
Cheers, Prakash Holla |
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horizon.mathur
White Belt
Joined: 11 Mar 2011
Posts: 45
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| Post: #468 Posted: Fri Jun 27, 2014 4:02 pm Post subject: |
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Sure sell is triggered today as per steve system.
Can any one confirm that ?
Regards |
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Gemini
White Belt
Joined: 28 Apr 2009
Posts: 166
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| Post: #469 Posted: Fri Jun 27, 2014 7:22 pm Post subject: |
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| ema3 is still above ema15. Better to wait till second half of Monday before initiating trade on short side. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #470 Posted: Fri Jun 27, 2014 8:15 pm Post subject: |
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| Gemini wrote: | | ema3 is still above ema15. Better to wait till second half of Monday before initiating trade on short side. |
both are at 7517 |
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horizon.mathur
White Belt
Joined: 11 Mar 2011
Posts: 45
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| Post: #471 Posted: Thu Jul 10, 2014 3:11 pm Post subject: |
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I think today 3 ema will break 15 ema . will take nifty pE today on closing.
Regards
Kshitij Mathur   |
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amitvjog
White Belt
Joined: 21 Mar 2011
Posts: 80
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| Post: #472 Posted: Thu Jul 10, 2014 5:20 pm Post subject: |
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| Yes, It crossed Today! Confirm!!!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #473 Posted: Thu Jul 10, 2014 5:27 pm Post subject: |
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| amitvjog wrote: | | Yes, It crossed Today! Confirm!!!! |
3 ema is 7637 and 15 ema 7622 I think |
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amitvjog
White Belt
Joined: 21 Mar 2011
Posts: 80
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| Post: #474 Posted: Thu Jul 10, 2014 6:28 pm Post subject: |
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3 EMA 7588
and
15 EMA 7611 as per JCharts Premium EOD. |
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kshitij
White Belt
Joined: 12 Mar 2009
Posts: 4
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| Post: #475 Posted: Thu Jul 10, 2014 7:22 pm Post subject: |
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what should be stop loss for the positions ?
Regards |
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kshitij
White Belt
Joined: 12 Mar 2009
Posts: 4
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| Post: #476 Posted: Wed Jul 16, 2014 5:40 pm Post subject: |
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after 150 points down with negative crossover ...it has given buy today
is there any one following this ? |
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #477 Posted: Wed Jul 16, 2014 9:08 pm Post subject: |
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Hi kshitij,
EOD value of
3 ema is 7567
15 ema is 7578
Cross over not done yet....... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #478 Posted: Thu Jul 17, 2014 9:53 am Post subject: Re: 3 , 15 EOD EMA Cross over trades |
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| stevenmat wrote: | Since i have never seen any one posting this method of trading ... I thought i'll start...
Basically during the course i will post on this forum when there is a crossover. The best way to make use of this is to buy calls/puts.
Although this method has almost a flawless profit making strike rate, the only problem with the method is that you get to take only a few trades. But the risk reward is quite appealing.
This way we can trade on the index when ever there is a cross over.
I will post on this forum when the crossover is just about to happen.
I know this forum will be dormant most of the time. But this method is for patient traders. Cheers !! |
The thread was started by Steve Mat with the above post
Fellow ICians, what doubts can we have about such a simple and elegant method posted by Steve Mat? Here is what I understand from Steve's posts in the thread. Remember he has had a very good success rate following this strategy
1 Enter when Index ema 3 , ema 15 crossover on closing basis actually happens (or, as Steve wrote above, when you consider it likely to happen at EOD, so you enter around 1525 the same day)
2 Buy put or call
3 Exit partly when you reach certain profit targets, you choose, along the way
4 Keep 5-10% of the original qty for the last sprint to next crossover
5 Wait patiently for next crossover on closing basis
Cheers, Prakash Holla |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #479 Posted: Thu Jul 17, 2014 1:32 pm Post subject: Re: 3 , 15 EOD EMA Cross over trades |
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| pkholla wrote: | | stevenmat wrote: | Since i have never seen any one posting this method of trading ... I thought i'll start...
Basically during the course i will post on this forum when there is a crossover. The best way to make use of this is to buy calls/puts.
Although this method has almost a flawless profit making strike rate, the only problem with the method is that you get to take only a few trades. But the risk reward is quite appealing.
This way we can trade on the index when ever there is a cross over.
I will post on this forum when the crossover is just about to happen.
I know this forum will be dormant most of the time. But this method is for patient traders. Cheers !! |
The thread was started by Steve Mat with the above post
Fellow ICians, what doubts can we have about such a simple and elegant method posted by Steve Mat? Here is what I understand from Steve's posts in the thread. Remember he has had a very good success rate following this strategy
1 Enter when Index ema 3 , ema 15 crossover on closing basis actually happens (or, as Steve wrote above, when you consider it likely to happen at EOD, so you enter around 1525 the same day)
2 Buy put or call
3 Exit partly when you reach certain profit targets, you choose, along the way
4 Keep 5-10% of the original qty for the last sprint to next crossover
5 Wait patiently for next crossover on closing basis
Cheers, Prakash Holla |
Hi,
This is a very effective stratagy. keep monitoring the charts and if the crossover is COMPLETE around 3:15 - 3:25 take the trade. what usually happens is that around that time volatility is low. if the trade is taken the next day usually the call or puts are already bloated (in case of gaps).
traded it recently with DLF in cash. Awesome Mausam Results 
Regards, |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #480 Posted: Mon Jul 21, 2014 6:25 pm Post subject: |
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Long is on. One more thought.. Ofcourse you may do Options (buy/sell calls/puts depending on move) it might make more sense to do futures with this stratagy. If Steven could also respond...
I think originally this method was meant for futures, with contra short/long for 3 ema pull back.
Maybe someone can correct me on this..
Regards, |
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