iCharts Discussions

[galrani]

Hi Rajandar

Why are you complicating a simple matter?
Yesterday was the last day of Nvember series but December series still ahs one month to go. So surely december series will have a premium for the time. November series was closer to banknifty spot as it was going to expire yesterday.

75rs is the price you pay for riding the december series for one month. That is the price or investment you make. Am sure you did not expect to be able to get december future series at nearly the same price as November series.

Just buy the december series and enjoy the ride.

Cheers
Shiva

[rakpeds]

[galrani]

Will do it tomorrow or sunday as am busy today in markets and weekend here in Dubai

Cheers
Shiva

[rakpeds]

[rajanadar]

Thanks Galrani sir.

[galrani]

Taking the excitement and anguish out of market moves will help you trade in a objective way.

3x5 system has only two rules
buy when 3x5 crosses over and sell when 5x3 crosses over

It has two secrets to success

trade all signals in anticipation of a super move and be in trade when a super move till you get a reversal signal

I hope many friends who had taken the small whipsaw losses have been able to revoer the losses by the 400 odd move in bank nifty

Now we have to just hold on tight and enjoy the ride

Enough of the rant (I was bored as nothing to do for last 3 days )

Cheers
Shiva

[rakpeds]

[rakpeds]

[chiragbvyas]

Dear Galrani,

I read this thread and sounds nice. Using two narrowest ema's crossover for trading which generates buy or sell signals, good. I think any of us or you should try to get solution for whipsaw and need early signal to book maximum profit without waiting for opposite cross over. Bcoz what happens we are long or short and have good aount of profits but when opposite c/o happens major part of profit wipe out. So it is an area of interest where we should try to do something solid.

Can we use gap between two ema's after c/o to book profits ? I mean (ema 3 minus ema 5).

If it is done it would be the best early spoting trend finder system.

regards,

Chirag...

[selvanrajk]

[galrani]

The updated backtest is attached till 30.11.2012 for both Bank nifty and Nifty futures.

The system has given 74K Rs per bank nifty lot for 2012 till November.

For Nifty the returns is 31K for 2012

Cheers
Shiva

[chiragbvyas]

Dear friends,

Let us make it the simplest trade set up.

1.Make an excel sheet which contains EOD high low and close in columns A B and C.

2. Apply excel formulas where in column D calculate EMA 3 and in E EMA 5 plus in in column F calculate REVERSAL POINT.

3. Now if a trend is continue than wait for reversal and enter the established trend. Or wait for fresh trend.
4. Mostly on the day of cross over and after that some whipsaws take place.

There is a trick to get proper entry here.

After close above both the EMA's next day it should open gap up/down , if it happens then think that it is the day for entry.

if after gap opening (for long trade) prices start melting then previous day low or EMA or REVERSAL point which is lowest is our stop loss. A low above any of these value is confirming the up trend.

for short trade completely reverse.

If it doesn't happens then that crossover will prove false or may be reverse soon or will pass some time before starting a good long trend. I am Attaching an excel sheet where i have discussed all above points mentioned here. The script is bhartiartl spot prices..

Feed Backs are wel come..... as always.......

Regards,

Chirag......

[skd2012]

Would it not taste one's patience. Just wondering! Some 6 moths stretches can show loss. 2ndly if traded with 50% of capital initially, then it can show 1/2 capital if started in wrong time. But long run it shows profit though.

[satishkadam]

[galrani]

Intraday whipsaws are part of the game.

You cannot avoid losses in any trading strategy. You can only minimize the impact.

I agree the whipsaws are hurting in the past few months but waiting for this to give way to a good trend that will make up for these losses.

I am ok to trade my system as it is as I have enough conviction in it/

For others I have few suggestions to explore

Try using a filter like ADX or some Trend determining indicator that will help you in determining when a trend is existing and when the market is rangebound

Try using additional filter of 5 day high / low to widen your stops and thus your exits.

Remember these measures will make you avoid the whips but also will result in getting entries into giant trend later by one or two days. (in giant trends the first two days in Bank nifty will give nearly 500 points )

Its your call

Cheers
Shiva