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Alchemist 5/200 ema method in Stocks |
sumesh_sol
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Post: #1  Posted: Tue Feb 10, 2015 9:56 pm Post subject: Alchemist 5/200 ema method in Stocks |
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I did not want to dilute the successful thread started by Alchemist which is mainly for Nifty trades based on 5/200 ema crossover on 30tf. So I thought of starting a new thread where we can discuss about stocks and possible variations in the strategy.
I have tried few trades on 10tfs based on this strategy for intra/BTST trades. Some of them resulted in SLs, today in sb Alchemist suggested to look for higher timeframe for confirmation. Based on this I find PFC on EOD is in uptrend , and today(10/Feb) it took support on 200 ema. On 10tf it is near a crossover on upside. I feel this crossover may give good upmove.
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simply.index
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| Post: #2 Posted: Wed Feb 11, 2015 9:38 am Post subject: Re: Alchemist 5/200 ema method in Stocks |
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Another stock is axisbank. 5ema crossed 200ema from below.
Also yesbank..
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sumesh_sol
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| Post: #3 Posted: Wed Feb 11, 2015 5:04 pm Post subject: Intra / BTST |
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Friends, this is purely from the perspective of Intra/BTST trades..
I have been trying few combinations.. one of which is producing good result, at least so far... This is 10tf/60tf combination.
First I check in 60tf, if stock has already made 5/200 crossover recently, I look for valid entry in 10tf as per rule. As I'm in testing phase I'm booking full on my 1:1 or little more... But I believe this can be extended..
Enclosed are some of my live trades during past 2 days... Today I took long in Hindpetro, let's see how it moves tomorrow. Though as per this method ICICI is short, but I didn't take short as I'm not doing FnO. Only longs at the moment with limited quantity.
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amitagg
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| Post: #4 Posted: Wed Feb 11, 2015 6:41 pm Post subject: |
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Hi
is it possible to sum up the entry rules
-60tf 5 ema crossover 200 ema
And
- 10tf 5 ema crossover 200ema
- price above candle close on signal 10tf candle?????
What is Stop loss rule?
was not totally in sync and hence seeking clarification
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ragarwal
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| Post: #5 Posted: Wed Feb 11, 2015 6:58 pm Post subject: |
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| dear sumesh,how do u screen such stocks?
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amitagg
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| Post: #6 Posted: Wed Feb 11, 2015 11:15 pm Post subject: |
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| ragarwal wrote: | | dear sumesh,how do u screen such stocks? |
Yes can we build some parameters in I charts screener intra day or eod....
For example on eod for uptrend stocks where we have to but on trigger, we can have stocks which has 5 ems greater than 200 ems, rsi below 50 to see that either stock is retracing towards 200 ema or if crossover would have just hapened momentum is yet to build and we catch it earlya, adx below 25 to mean that retrace towards say 200 ems has plateaued and stock is preparing for uptrend or about to start a fresh uptrend having 5ema above 200ema; we can add +dmi greater than -dmi etc etc
This needs to be tested. May be I charts admin can help create one on basis of Mr Raja's parameters for instance
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sumesh_sol
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| Post: #7 Posted: Thu Feb 12, 2015 8:40 am Post subject: |
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| amitagg wrote: | Hi
is it possible to sum up the entry rules
-60tf 5 ema crossover 200 ema
And
- 10tf 5 ema crossover 200ema
- price above candle close on signal 10tf candle?????
What is Stop loss rule?
was not totally in sync and hence seeking clarification |
Yes entry is correct. For Long's SL / TSL, Alchemist suggested 2 scenario, whichever is earlier :
1.) 5 ema crossover 34 ema on downside.
2.) 5 ema crossover 200 ema on downside.
In case of first (5/34) scenario, we can again take long if 5/34 ema crossover once again happens on upside to stay in trend for longer time.
For Scanning setups : I have not tried out. I'm getting sufficient setups using manual scan. It is more efficient and stress free to manage only 2-3 trades at a time.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #8 Posted: Thu Feb 12, 2015 9:21 am Post subject: HUL |
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| Check Hindunilever for Long (10tf)
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sumesh_sol
Brown Belt
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Posts: 2344
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| Post: #9 Posted: Thu Feb 12, 2015 9:32 am Post subject: Re: HUL |
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| sumesh_sol wrote: | | Check Hindunilever for Long (10tf) |
Also Check ICICI for short (10tf)
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #10 Posted: Thu Feb 12, 2015 9:58 am Post subject: Re: Intra / BTST |
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| sumesh_sol wrote: | Friends, this is purely from the perspective of Intra/BTST trades..
I have been trying few combinations.. one of which is producing good result, at least so far... This is 10tf/60tf combination.
First I check in 60tf, if stock has already made 5/200 crossover recently, I look for valid entry in 10tf as per rule. As I'm in testing phase I'm booking full on my 1:1 or little more... But I believe this can be extended..
Enclosed are some of my live trades during past 2 days... Today I took long in Hindpetro, let's see how it moves tomorrow. Though as per this method ICICI is short, but I didn't take short as I'm not doing FnO. Only longs at the moment with limited quantity. |
Hindpetro booked half at 612 (more than 1:1 for me)..Rest trailing as per system..
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sumesh_sol
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Joined: 06 Jun 2010
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| Post: #11 Posted: Thu Feb 12, 2015 10:39 am Post subject: Re: HUL |
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| sumesh_sol wrote: | | sumesh_sol wrote: | | Check Hindunilever for Long (10tf) |
Also Check ICICI for short (10tf) |
ICICI Just missed my tgt . I kept @ 330.5 , and it made a low of 330.7.. Still trade on.. 
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sumesh_sol
Brown Belt
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Posts: 2344
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| Post: #12 Posted: Thu Feb 12, 2015 11:22 am Post subject: Re: HUL |
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| sumesh_sol wrote: | | Check Hindunilever for Long (10tf) |
SL hit @898.7
ICICI booked at Tgt..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #13 Posted: Thu Feb 12, 2015 12:48 pm Post subject: Idea..10tf |
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Idea..10tf
========
may give short signal (10tf)
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #14 Posted: Thu Feb 12, 2015 3:10 pm Post subject: Re: Alchemist 5/200 ema method in Stocks |
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| simply.index wrote: | Another stock is axisbank. 5ema crossed 200ema from below.
Also yesbank.. |
Both Axis and Yes bank moved up significantly.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #15 Posted: Thu Feb 12, 2015 4:07 pm Post subject: Re: Alchemist 5/200 ema method in Stocks |
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| simply.index wrote: | | simply.index wrote: | Another stock is axisbank. 5ema crossed 200ema from below.
Also yesbank.. |
Both Axis and Yes bank moved up significantly. |
Good ones.. We need to find more of such setups(30tfs) together so that best of them can be traded...
For Tomorrow , I feel LIC may give a buy on 30tf ... Will scan for more and post if fond ...
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