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3 , 15 EOD EMA Cross over trades |
AjitS
White Belt
Joined: 21 Aug 2013
Posts: 138
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Post: #586  Posted: Fri Feb 27, 2015 1:59 pm Post subject: |
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| vinay28 wrote: | | stevenmat wrote: | bearish crossover happened yesterday and i expected markets to open green today..so i've bought 8500 PEs throughout the day with avg price now at around 84... good luck everyone
Caution: Very high risk..considering the trend reverses at 8772 as per our strategy (ie bullish crossover)
cheers |
yes risky. in fact you should hedge with 9000ce expecting wild moves from tmrw |
Surprised with the action. It was the first day of crossover so one should have waited for a day more for confirmation, I believe, specially because of the events around the time its crossing over - expiry, budgets etc.
Second, more technically, todays open itself was close to (in fact, above) yesterday's E3 (8729.04 vs open of 8729.50 today). Thereafter the Nifty has crossed E15 as well and gone up. So, it should be SL for sell action?
I have taken long positions when it crossed over E15, expecting the crossover will turn out to be false. And am booking small profits. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #587 Posted: Fri Feb 27, 2015 3:24 pm Post subject: |
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| AjitS wrote: | | vinay28 wrote: | | stevenmat wrote: | bearish crossover happened yesterday and i expected markets to open green today..so i've bought 8500 PEs throughout the day with avg price now at around 84... good luck everyone
Caution: Very high risk..considering the trend reverses at 8772 as per our strategy (ie bullish crossover)
cheers |
yes risky. in fact you should hedge with 9000ce expecting wild moves from tmrw |
Surprised with the action. It was the first day of crossover so one should have waited for a day more for confirmation, I believe, specially because of the events around the time its crossing over - expiry, budgets etc.
Second, more technically, todays open itself was close to (in fact, above) yesterday's E3 (8729.04 vs open of 8729.50 today). Thereafter the Nifty has crossed E15 as well and gone up. So, it should be SL for sell action?
I have taken long positions when it crossed over E15, expecting the crossover will turn out to be false. And am booking small profits. |
Dear Ajit,
Can you please elaborate on the following:
1. "Surprised with the action"?
What surprised you?
2. "one should have waited for a day more for confirmation" ?
Waiting for which confirmation exactly? the farther the 3ema is as against the 15ema ..the more sure that it has crossed over?
just to give you a heads up...that this forum topic is used only when we work on the above specified strategy.. not when we think our strategy is wrong..
cheers and good luck !
stevenmat |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #588 Posted: Fri Feb 27, 2015 3:37 pm Post subject: |
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Steve: Very well said! Lets keep it simple, powerful, (and profitable!)
The proof is available in the excellent results (and returns) you have consistently achieved using this strategy. Cheers, Prakash Holla |
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Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
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| Post: #589 Posted: Fri Feb 27, 2015 9:22 pm Post subject: |
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this week is volatile.. staying away from market this week was a wise move.. too much reverses because of budget expectations .. coming saturday must belong day traders.. carry further only if sufficient profit on saturday..
Last edited by Raynor on Sat Feb 28, 2015 1:06 am; edited 2 times in total |
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Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
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| Post: #590 Posted: Fri Feb 27, 2015 10:45 pm Post subject: |
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| stevenmat wrote: | bearish crossover happened yesterday and i expected markets to open green today..<<
>>so i've bought 8500 PEs throughout the day with avg price now at around 84... good luck everyone
Caution: Very high risk..considering the trend reverses at 8772 as per our strategy (ie bullish crossover)
cheers |
steve
contradicting statements.. how can you buy PEs when market is expected to open green |
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Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
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| Post: #591 Posted: Fri Feb 27, 2015 10:48 pm Post subject: |
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| normally market is green next day after the last thursday.. even i forget this philosophy often.. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #592 Posted: Sat Feb 28, 2015 9:18 am Post subject: |
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| Raynor wrote: | | stevenmat wrote: | bearish crossover happened yesterday and i expected markets to open green today..<<
>>so i've bought 8500 PEs throughout the day with avg price now at around 84... good luck everyone
Caution: Very high risk..considering the trend reverses at 8772 as per our strategy (ie bullish crossover)
cheers |
steve
contradicting statements.. how can you buy PEs when market is expected to open green |
Dear Raynor
How is buying PEs when market opens in green contradictory? i have no idea on what you're asking...but if the question is why do i think that markets will come down when it opens in green..its bcoz the system said so..thats all..
Besides you can go back and check earlier posts wherein we have done the same and made profits..
gl
cheers
stevenmat |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #593 Posted: Sat Feb 28, 2015 9:25 am Post subject: |
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| Raynor wrote: | | contradicting statements.. how can you buy PEs when market is expected to open green |
Steve: If I also may ans this?
Eco Times has reported that FIIs have taken positions to benefit from fall of NF, if budget is even slightly below expectations.
Often they along with big operators take the market up to trap bears, then take the market plunging, to trap bulls who have rushed in at the opening bell. Double dhamaka! Prakash Holla |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #594 Posted: Sun Mar 01, 2015 10:37 pm Post subject: |
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| THANKS, |
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amitvjog
White Belt
Joined: 21 Mar 2011
Posts: 80
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| Post: #595 Posted: Tue Mar 10, 2015 2:50 pm Post subject: |
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| bearish crossover done...should wait or go for it |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #596 Posted: Tue Mar 10, 2015 2:57 pm Post subject: |
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| amitvjog wrote: | | bearish crossover done...should wait or go for it |
same thing happened for one day on 26/02 and for 3 days in early feb. caution advised. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #597 Posted: Wed Mar 11, 2015 1:25 pm Post subject: |
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| Would short be initiated based on closing today |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #598 Posted: Wed Mar 11, 2015 2:16 pm Post subject: |
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| amitagg wrote: | | Would short be initiated based on closing today |
i wouldnt buy puts...just like vinay pointed out..the markets dont have a direction these days...most options just end up depleting value irrespective .. with vix also coming down...buying options looks not rewarding at all..
we shall wait for the market to get out of this "boring" phase |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #599 Posted: Fri Mar 27, 2015 3:22 pm Post subject: |
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Nifty is having a 3 15 ema crossover on a weekly tf after a super long period..
i've bought small quantity of 8200 PE at 60..
PS: last time there was a bearish cross over on weekly tf, we lost money...lets hope this time we dont
cheers
stevenmat |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #600 Posted: Wed Apr 08, 2015 5:27 pm Post subject: |
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| THANKS FOR CLARIFICATION . |
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