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3x5 maco method |
bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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Post: #241  Posted: Tue Oct 01, 2013 8:33 am Post subject: Re: hi |
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[quote="bharatpatel"] | hmpatil wrote: | | bharatpatel wrote: | | bharatpatel wrote: | | nifty and bank nifty in sell mode since 5 days. |
No new trade possible today short continue sl is there ................
waiting.....How you kept stoploss? |
As defined by the system. |
A new trading day .... new hopes... greed.... fear .... Analisys ..... enjoy . |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #242 Posted: Tue Oct 01, 2013 9:07 am Post subject: Re: hi |
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[quote="bharatpatel"] | bharatpatel wrote: | | hmpatil wrote: | | bharatpatel wrote: | | bharatpatel wrote: | | nifty and bank nifty in sell mode since 5 days. |
No new trade possible today short continue sl is there ................
waiting.....How you kept stoploss? |
As defined by the system. |
A new trading day .... new hopes... greed.... fear .... Analisys ..... enjoy . |
which one is correct ema 3 and 5
i have taken current expiery data and calculated ema 3 & 5 are
5856.88 and 5890.94
In icharts.in nifty daily chart 3ema &5ema are
5842.77 and 5867.22
which one to consider for 3 x 5 ema cross over. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #243 Posted: Tue Oct 01, 2013 1:54 pm Post subject: hi |
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Hi,
Any follower pls comment. Which one is correct for this system from below mentioned Ema's
Do we use rolling daily chart Ema or we creat evry month new excel sheet for perticular that expiry ? Both valuations are different as specified below.
Pls confirm. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #244 Posted: Tue Oct 01, 2013 3:42 pm Post subject: Re: hi |
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Hi
As per the sheet that I maintain for Nifty Future, as of 30th Sept close, the 3 ema is 5842.78 and 5 ema is 5867.22 and crossover for today was 5940.54
Looks like icharts data and mine are similar. Pls check yours
Cheers
Shiva
[quote="bharatpatel"] | bharatpatel wrote: | | bharatpatel wrote: | | hmpatil wrote: | | bharatpatel wrote: | | bharatpatel wrote: | | nifty and bank nifty in sell mode since 5 days. |
No new trade possible today short continue sl is there ................
waiting.....How you kept stoploss? |
As defined by the system. |
A new trading day .... new hopes... greed.... fear .... Analisys ..... enjoy . |
which one is correct ema 3 and 5
i have taken current expiery data and calculated ema 3 & 5 are
5856.88 and 5890.94
In icharts.in nifty daily chart 3ema &5ema are
5842.77 and 5867.22
which one to consider for 3 x 5 ema cross over. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #245 Posted: Tue Oct 01, 2013 3:43 pm Post subject: Re: hi |
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Hi
I use rolling future rates. Till 26th September used September series rates and from 27th have started using Oct series rates.
Cheers
Shiva
| bharatpatel wrote: | Hi,
Any follower pls comment. Which one is correct for this system from below mentioned Ema's
Do we use rolling daily chart Ema or we creat evry month new excel sheet for perticular that expiry ? Both valuations are different as specified below.
Pls confirm. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #246 Posted: Tue Oct 01, 2013 3:50 pm Post subject: hi |
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Dear Galrani Sir,
Thanks a lot for clarification. In my excel sheet our data is same. What i done is i creat a new work sheet for october series and taken data from nseindia.com selecting october expiry so this mismatching happened. But now you have confirmed to use rolling futures data then it's clear.
Thanks for the time and support.
Regards. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #247 Posted: Tue Oct 01, 2013 4:33 pm Post subject: Re: hi |
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Hi
I use rolling future rates. Till 26th September used September series rates and from 27th have started using Oct series rates.
Cheers
Shiva
| bharatpatel wrote: | Hi,
Any follower pls comment. Which one is correct for this system from below mentioned Ema's
Do we use rolling daily chart Ema or we creat evry month new excel sheet for perticular that expiry ? Both valuations are different as specified below.
Pls confirm. |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #248 Posted: Wed Oct 02, 2013 4:26 pm Post subject: |
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| what is the use of cross over? Any how we are monitoring market and deciding action on the next day from the previous end of the day. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #249 Posted: Thu Oct 03, 2013 10:19 am Post subject: hi |
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Short trade can be taken with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #250 Posted: Thu Oct 03, 2013 11:03 am Post subject: Re: hi |
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As per 3x5 NF was a buy above 5910.35 and it is in Buy mode now
REversal to be checked at 3:15 and if it below 5910, we go short again at that time only
What is the basis of the below short? Pls clarify and if it is not as per 3x5 system, then Please dont mix up your trade ideas calls in this thread as it will confuse people
Cheers
Shiva
| bharatpatel wrote: | Short trade can be taken
with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #251 Posted: Thu Oct 03, 2013 5:03 pm Post subject: Re: hi |
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| galrani wrote: | As per 3x5 NF was a buy above 5910.35 and it is in Buy mode now
REversal to be checked at 3:15 and if it below 5910, we go short again at that time only
What is the basis of the below short? Pls clarify and if it is not as per 3x5 system, then Please dont mix up your trade ideas calls in this thread as it will confuse people
Cheers
Shiva
| bharatpatel wrote: | Short trade can be taken
with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
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Dear Galrani Sir,
Thanks for correcting my mistake.
What i thought and post this trade is .....
I have noted on the paper was
5835.62 5854.30 SELL Reversal point 5910.34
it was indicating SELL so i thought to take short position at reversal point.
I understood that reversal point should be taken in consideration either at 9:30 (5910.34 was crossed after 9:30) or at 3:15 .
But today my biggest misunderstanding got cleared due to your guidance.
Now whenever prices cross reversal point i will take trade that way and will check again at 3:15 only , for the position taken.
So as of now i have missed a long trade , That is fact. So if i wish to take long trade tomorrow i will have to place buy order at 5901.25. with double quantity stop loss at 5863.55. Is that o k ? or i am doing any mistake here?
Dear Sir ... Thanks a lot. If today i didn't posted this trade .... it was never going to be cleared to me.
I appriciate your valuable input.
Keep posting / correcting.
Regards. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #252 Posted: Thu Oct 03, 2013 7:00 pm Post subject: Re: hi |
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If you have missed the trade, humble suggestion is not to chase it and wait for next reversal signal
Cheers
Shiva
| bharatpatel wrote: | | galrani wrote: | As per 3x5 NF was a buy above 5910.35 and it is in Buy mode now
REversal to be checked at 3:15 and if it below 5910, we go short again at that time only
What is the basis of the below short? Pls clarify and if it is not as per 3x5 system, then Please dont mix up your trade ideas calls in this thread as it will confuse people
Cheers
Shiva
| bharatpatel wrote: | Short trade can be taken
with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
|
Dear Galrani Sir,
Thanks for correcting my mistake.
What i thought and post this trade is .....
I have noted on the paper was
5835.62 5854.30 SELL Reversal point 5910.34
it was indicating SELL so i thought to take short position at reversal point.
I understood that reversal point should be taken in consideration either at 9:30 (5910.34 was crossed after 9:30) or at 3:15 .
But today my biggest misunderstanding got cleared due to your guidance.
Now whenever prices cross reversal point i will take trade that way and will check again at 3:15 only , for the position taken.
So as of now i have missed a long trade , That is fact. So if i wish to take long trade tomorrow i will have to place buy order at 5901.25. with double quantity stop loss at 5863.55. Is that o k ? or i am doing any mistake here?
Dear Sir ... Thanks a lot. If today i didn't posted this trade .... it was never going to be cleared to me.
I appriciate your valuable input.
Keep posting / correcting.
Regards. |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #253 Posted: Thu Oct 03, 2013 8:12 pm Post subject: Re: hi |
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Please check your PM....
| galrani wrote: | If you have missed the trade, humble suggestion is not to chase it and wait for next reversal signal
Cheers
Shiva
| bharatpatel wrote: | | galrani wrote: | As per 3x5 NF was a buy above 5910.35 and it is in Buy mode now
REversal to be checked at 3:15 and if it below 5910, we go short again at that time only
What is the basis of the below short? Pls clarify and if it is not as per 3x5 system, then Please dont mix up your trade ideas calls in this thread as it will confuse people
Cheers
Shiva
| bharatpatel wrote: | Short trade can be taken
with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
|
Dear Galrani Sir,
Thanks for correcting my mistake.
What i thought and post this trade is .....
I have noted on the paper was
5835.62 5854.30 SELL Reversal point 5910.34
it was indicating SELL so i thought to take short position at reversal point.
I understood that reversal point should be taken in consideration either at 9:30 (5910.34 was crossed after 9:30) or at 3:15 .
But today my biggest misunderstanding got cleared due to your guidance.
Now whenever prices cross reversal point i will take trade that way and will check again at 3:15 only , for the position taken.
So as of now i have missed a long trade , That is fact. So if i wish to take long trade tomorrow i will have to place buy order at 5901.25. with double quantity stop loss at 5863.55. Is that o k ? or i am doing any mistake here?
Dear Sir ... Thanks a lot. If today i didn't posted this trade .... it was never going to be cleared to me.
I appriciate your valuable input.
Keep posting / correcting.
Regards. |
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galrani
White Belt
Joined: 23 Oct 2011
Posts: 93
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| Post: #254 Posted: Fri Oct 04, 2013 1:33 am Post subject: Re: hi |
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| Andre wrote: | | Please check your PM. |
Hi have replied
Please note that I have a busy work schedule and do not login to forums etc during office hours. Mostly at nights if time permits so there may be a delay
Lso icharts forum does not have email alerts for PM
Cheers |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #255 Posted: Fri Oct 04, 2013 6:42 am Post subject: Re: hi |
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| galrani wrote: | If you have missed the trade, humble suggestion is not to chase it and wait for next reversal signal
Cheers
Shiva
| bharatpatel wrote: | | galrani wrote: | As per 3x5 NF was a buy above 5910.35 and it is in Buy mode now
REversal to be checked at 3:15 and if it below 5910, we go short again at that time only
What is the basis of the below short? Pls clarify and if it is not as per 3x5 system, then Please dont mix up your trade ideas calls in this thread as it will confuse people
Cheers
Shiva
| bharatpatel wrote: | Short trade can be taken
with stop of 5910.34 and if at 3.15 price is above 5910.34 will cover short and take long trade.
High as of now is 5904.65. |
|
Dear Galrani Sir,
Thanks for correcting my mistake.
What i thought and post this trade is .....
I have noted on the paper was
5835.62 5854.30 SELL Reversal point 5910.34
it was indicating SELL so i thought to take short position at reversal point.
I understood that reversal point should be taken in consideration either at 9:30 (5910.34 was crossed after 9:30) or at 3:15 .
But today my biggest misunderstanding got cleared due to your guidance.
Now whenever prices cross reversal point i will take trade that way and will check again at 3:15 only , for the position taken.
So as of now i have missed a long trade , That is fact. So if i wish to take long trade tomorrow i will have to place buy order at 5901.25. with double quantity stop loss at 5863.55. Is that o k ? or i am doing any mistake here?
Dear Sir ... Thanks a lot. If today i didn't posted this trade .... it was never going to be cleared to me.
I appriciate your valuable input.
Keep posting / correcting.
Regards. |
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So basically we play only reversals value and both the ema's we are using , is just to get reversal point. Is it correct ? If today is tuesday then i will wait on wednesday for prices to cross TUESDAY'S reversal point and take trade accordingly.
Regards. |
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