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3 , 15 EOD EMA Cross over trades |
karthiktgmba
White Belt
Joined: 18 Feb 2011
Posts: 17
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Post: #91  Posted: Mon Mar 18, 2013 4:20 pm Post subject: |
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| ok steve thanks for ur update but i think bearish cross over done today.... One doubt if cross over happens shall we take put option before close itself or else we need to waiit to cut its day low tomorrow eg: today Nifty spot low is 5813 and bearish cross over done so shall we initititie put option at 3.27 or else we need to wait for tomorrow for 5813 break??????? |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #92 Posted: Mon Mar 18, 2013 4:35 pm Post subject: |
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| karthiktgmba wrote: | | ok steve thanks for ur update but i think bearish cross over done today.... One doubt if cross over happens shall we take put option before close itself or else we need to waiit to cut its day low tomorrow eg: today Nifty spot low is 5813 and bearish cross over done so shall we initititie put option at 3.27 or else we need to wait for tomorrow for 5813 break??????? |
we initiate buy puts (on a bearish crossover) when the cross over occurs...irrespective of the fact if its broken its previous lows or not.. |
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karthiktgmba
White Belt
Joined: 18 Feb 2011
Posts: 17
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| Post: #93 Posted: Mon Mar 18, 2013 5:25 pm Post subject: |
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Yes steve i understood now from your statement the only thing is do u initite trade only the cross over happens???? because i read ur previous comment how to trade with crossover in that one doutb dont pyramid the 4th time 15 EMA TOUCHED any specific reason for this statement???? and another thing for averge concepet (position should average only when initital position in profit but most of the time we cant see this kind of scenerio and most of the time option average is need when our positon is in loss only right??? because then only we can come our with profit if fresh rally started.
Dont mistake me just my doubt i am sharing you steve......... you dont do any Intraday or stock options with this strategy????? |
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #94 Posted: Mon Mar 18, 2013 5:55 pm Post subject: |
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Steve,
No thought to spoil your thread !
Today crossover is not supported by Macd crossover (bearish)
But macd is diverging to crossover
Let's see
Maddy |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #95 Posted: Tue Mar 19, 2013 8:57 am Post subject: |
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@karthik : I think that strategy was used by the person in the original post and not by me... I generally do not average out .. And i do not initiate freshh shorts or longs when the nifty spot comes to the 15 EMA and then continues its prior trend.. I would like to take only one position and hold it..
I don't trade on stock options as this strategy doesnt work well with stocks
I don't trade intraday because i still havent found a reliable method to take positions and because intra day is super risky...Not enough time nor risk appetite
@maddy:Its alright.. I can't ask for all the lower indicators to be in my favour can i?
Lower indicators are supports to your system..in that way if you look...the RSI (14) is below 50..which is in my favour  |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #96 Posted: Tue Mar 19, 2013 9:17 am Post subject: |
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| stevenmat wrote: | oh crap.. even i missed to buy puts.. gf issues !! crap!!! 
Tmrw there is big news.. so i don't really think we missed a killer spot...
Nonetheless we will accumulate puts tmrw morning ( i think it will open in green).. Let's see..
We will try to analyze the price we would have taken at today's close..
5900 PE at 87
cheers
stevenmat |
Like i mentioned yesterday market has opened in the green..
5864 is where i will short
cheers
stevenmat |
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karthiktgmba
White Belt
Joined: 18 Feb 2011
Posts: 17
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| Post: #97 Posted: Tue Mar 19, 2013 9:41 am Post subject: |
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| hi thanks for your reply did u took short (put option ) usually u will take ITM (5900 PUT) 5863 HIGH u decided to take at 5864?????????? |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #98 Posted: Tue Mar 19, 2013 11:00 am Post subject: |
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| karthiktgmba wrote: | | hi thanks for your reply did u took short (put option ) usually u will take ITM (5900 PUT) 5863 HIGH u decided to take at 5864?????????? |
yes i did..bought at 77.35..target 100.45 |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #99 Posted: Tue Mar 19, 2013 11:06 am Post subject: |
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Lol... i have 75% covered at 100.45.. and rest at 108.3... i had put these orders in the morning itself....
wow..i dint even see most of it getting executed.. it happened in seconds i think... 31 % return in two hours !!! yayy!!!
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #100 Posted: Tue Mar 19, 2013 11:26 am Post subject: |
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Congrats, Steve! Keep rocking
Prakash Holla |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #101 Posted: Tue Mar 19, 2013 8:11 pm Post subject: |
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| stevenmat wrote: | Lol... i have 75% covered at 100.45.. and rest at 108.3... i had put these orders in the morning itself....
wow..i dint even see most of it getting executed.. it happened in seconds i think... 31 % return in two hours !!! yayy!!!
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hi steve
today i gone through ur thread since started
its great and simple
and u simply great
keep post ur trades
this will really guide the people like me
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #102 Posted: Tue Mar 19, 2013 8:24 pm Post subject: |
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| stevenmat wrote: | Lol... i have 75% covered at 100.45.. and rest at 108.3... i had put these orders in the morning itself....
wow..i dint even see most of it getting executed.. it happened in seconds i think... 31 % return in two hours !!! yayy!!!
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I repeat. steve, you are genius!  |
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karthiktgmba
White Belt
Joined: 18 Feb 2011
Posts: 17
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| Post: #103 Posted: Tue Mar 19, 2013 10:21 pm Post subject: |
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Hi steve ur r great..... u rock always asusual.......i will follow u from yesterday and everytime hereafter..... I need ur gudience whenver crossover happens ...... please post it when u trade ......
This kind of help we cant expect from everyone..... u r supereme power in this world created by Lord Narayana.......... |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #104 Posted: Wed Mar 20, 2013 8:56 am Post subject: |
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Thank you everyone for the compliments.. But always remember that its the system who gives us the return and not me.. i am just a messenger !
cheers
stevenmat |
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horizon.mathur
White Belt
Joined: 11 Mar 2011
Posts: 45
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| Post: #105 Posted: Fri Mar 22, 2013 9:48 am Post subject: |
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Hi Steve
can you please post your P/L using this strategy.
Regards |
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