iCharts Discussions

[Rahulsharmaat]

One more addition-- dont take any fresh position after 9.30

Monday short at 4995--- 70 points booked

Yesterday open high same--

4 stop loss hit -- and it went 45 points on short side--
closed with 25 point gain

so 15 point loss

[Rahulsharmaat]

net carried gain 25 points

today 2 stop loss hit-- loss 20 points

3rd call target booked 70 points

4695--4625

so net gain now 75 points in crude

[parva]

Dear sir..

Hats off to you for thinking out of the box and bringing us this wonderful tool...
Now some areas of confusions..

1. Should we take the first trade or let 2 /3 s/l to be hit first and then enter the battle..?

2.What are the results in both the situations..? You had mentioned 1800 points gain in last 4 months. So your back test based on which plan...taking all trades or from 3rd/4th trade...and did you multiply the lots in arriving at 1800 point gain.

3. Can we consider xx50's also for entering...like 4650, 4750,4850 etc to enter into trades....it may help us especially when crude remains in sideways. What kind of return it can fetch using xx50's ....?

4. Profit should be 55 or 70 points.?

Thanks and regards..



PARVA

[Rahulsharmaat]

[kommall15]

Sir, very nice. I want to know this statogie. Plz guide me.

[Rahulsharmaat]

read all posting--u will understand

[NittinP]

Hi Rahul,

Your strategy is GOOD, but its difficult to follow for part time trader like ME.

Don't misunderstand me. You have immense knowledge about the subject and I know you can derive better than BEST.

Can we have simple strategy for CRUDEOIL where hitting of SL are rare unless position is on wrong side...

I remember, you have created strategy on NF, where you have added filter as SL. On same concept, yesterday I was going through chart and found magic bumber as 34. In this SL will hit only if trend is changed else trader will ride the profit.

SMA 55 (High), SMA 55 (Low), SMA 100 (High), SMA 100 (Low)
RT: 5min

If Candle is created above SMA 55 (high), go long with SL as SMA 55 (Low) + 10points.

If Candle is above 55 SMA high AND 55 SMA (high) is above 100SMA (low), then its bullish trend... stay on long side...

Just a Thought..

Thanks

NP




Please correct me, if I am wrong.

[Rahulsharmaat]

yes this too looks good

In august 3 straight stop loss-- booked at 70 points

Total gain 150 points--

Buy at 44--short at 24

[v.karthikk]

Hi Rahul,
Pls answer my queries:
now crude last rate is : 4658

1) On monday if crude opens at 4675 & it moves up>> is that a sell at 4695 & sl @ 4705
anyother criteria we need to check like open - low , open - high ?

2) we are going to have 10 pts SL right ?

3) so the order will be like this
if sell trigger @ 4695 with 1 lot ,the sl will be 4705 with 2 lots
so if sl hit in sll side means we are in buy with 1 lot with 4705
now again we place sell @ 4695 for 2 lots & the process contiunes
the target should be min 40 pts ?

4) if gap down & open like price @ 4610 is that a wait n watch & buy @ 4605 ?

Thanks in advance,
Karthik

[Rahulsharmaat]

yes u are right---

But target is 70 points

and mind that we have already seen 7 stop loss in a row

[chrome]

Hi all

A bit concern....mcx crude price is not controlled/ moved by mcx trades. Infact the price is resultant of :
1.) nymex crude price in $ [variable] multiplied by usdinr price [variable] till 5pm from monday to friday.
2.) nymex crude price in $ [variable] multiplied by usdinr price [fixed as closed] after 5pm from monday to friday.
3.) on saturday, the change is only the difference of nymex rate @ 11:30 pm of friday till it is closed..

Considering above facts, i doubt same set of this trading strategy can be successful in above three different scenarios..

My view only..

[Rahulsharmaat]

[chrome]

content is clear in the message itself. purpose is to guide someone to trade accordingly in three diff scenarios..

if not agreeing, i back off ..

would delete this post anyway if it is making someone annoying..

rgds

[Rahulsharmaat]

Crome...

Its not at all annoying me---

My set up is simple N clear--- around--000 buy at 5-- n sell at 95-- thats it
Now movement comes due to INR or Euro--Or Dow or $---- my motto is money---

thats it--- as i am not that intelligent as others are here---- so started simple thing

[v.karthikk]

Thanks Rahul