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jacky75
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Joined: 19 Feb 2012
Posts: 47
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Post: #16  Posted: Sun Oct 14, 2012 12:21 pm Post subject: |
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| NittinP wrote: | Hi,
Can you please provide free site where we can see USDINR daily Chart along with technical indicators.
Also, your trading strategy on USD??
Thanks and regards,
NP |
Hi NittinP,
Please check http://www.icharts.in/charts-premium.html
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NittinP
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Joined: 23 Sep 2012
Posts: 48
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| Post: #17 Posted: Sun Oct 14, 2012 7:58 pm Post subject: |
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Jacky,
Thanks... Excellent Chart 
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intra.trader
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Joined: 25 Sep 2012
Posts: 402
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| Post: #18 Posted: Tue Oct 16, 2012 11:06 am Post subject: |
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Inidcators used : -
1) Super-Trend(5,2)
2) EMA(20)-5 mins chart
3) EMA(38 )-15 mins chart
This strategy has only Buy and Sell. No initial SL method incorporated. Simply if Super Trend Shows Buy (i.e. displays Red color), then BUY. If it shows Sell (i.e. displays Green Color), then SELL.
BUY SIGNAL:
Buy when price moves above Super-Trend (i.e. shows Red color). If you want, take double confirmation with EMA(20) above the prices on 5 min charts.
SELL SIGNAL:
Sell when price moves below Super-Trend (i.e. shows Green color). If you want take double confirmation with EMA(20) below the prices on 5 min charts.
Important Note: Usually carrying trades can be risky for the currency market. In case you wish to carry, then do so only on following 2 factors.
1) If trading multiple lots, book most of them and carry only 1-2 lots in case the trade is in good profit
2) Take confirmation on 15 min chart. If your trade is in BUY, then carry only if price is above EMA(38 ). Similar for SELL; carry if price is below EMA(38 )
Profit Booking
I usually trade 40 lots book 20 lots @ 4-5 paisa profit and 20 lots @ TSL and if am in again 4-5 paise profit I book 10 lots during market close and carry 10 lots for next day.
We trade similar set up in Commodity also, with good success rate on NG, Crude Oil and Base metals.
Hope to fine tune this more...enjoy 
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intra.trader
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Posts: 402
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| Post: #19 Posted: Tue Oct 16, 2012 11:19 am Post subject: |
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| one can go long in USD-INR above 52.9800 wait for confirmation of price with 5 mins.
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intra.trader
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Posts: 402
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intra.trader
White Belt
Joined: 25 Sep 2012
Posts: 402
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intra.trader
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Joined: 25 Sep 2012
Posts: 402
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| Post: #22 Posted: Tue Oct 16, 2012 2:32 pm Post subject: |
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| intra.trader wrote: | | intra.trader wrote: | | one can go long in USD-INR above 52.9800 wait for confirmation of price with 5 mins. |
Cover short and long above 52.9200 5 mins confirmation candle.
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bought at 40 lots at 52.9350 and covered 20 @ 52.9850 and 20 SL @ 52.9100
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jacky75
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Joined: 19 Feb 2012
Posts: 47
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| Post: #23 Posted: Tue Oct 16, 2012 3:17 pm Post subject: |
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| intra.trader wrote: | | intra.trader wrote: | | intra.trader wrote: | | one can go long in USD-INR above 52.9800 wait for confirmation of price with 5 mins. |
Cover short and long above 52.9200 5 mins confirmation candle.
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bought at 40 lots at 52.9350 and covered 20 @ 52.9850 and 20 SL @ 52.9100 |
Hi intra.trader
Thank you for sharing your strategy.
In all such types of signals you will tend to come across whipsaw when there is rejection from e.g. 34ema etc. Hope you have back tested this strategy before using.
cheers!!!
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intra.trader
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Joined: 25 Sep 2012
Posts: 402
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| Post: #24 Posted: Tue Oct 16, 2012 3:32 pm Post subject: |
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| jacky75 wrote: | | intra.trader wrote: | | intra.trader wrote: | | intra.trader wrote: | | one can go long in USD-INR above 52.9800 wait for confirmation of price with 5 mins. |
Cover short and long above 52.9200 5 mins confirmation candle.
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bought at 40 lots at 52.9350 and covered 20 @ 52.9850 and 20 SL @ 52.9100 |
Hi intra.trader
Thank you for sharing your strategy.
In all such types of signals you will tend to come across whipsaw when there is rejection from e.g. 34ema etc. Hope you have back tested this strategy before using.
cheers!!! |
I am trying to fine tune this more..i am testing that..will try to that next week, after proper testing.. 
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intra.trader
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intra.trader
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intra.trader
White Belt
Joined: 25 Sep 2012
Posts: 402
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| Post: #27 Posted: Wed Oct 17, 2012 10:47 am Post subject: |
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| intra.trader wrote: | | Nifty short below 5675 and long above 5688, any trade do it after you get confirmation from 5 mins candle |
50 % booked at 5658 and rest SL @ 5682
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intra.trader
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Joined: 25 Sep 2012
Posts: 402
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| Post: #28 Posted: Wed Oct 17, 2012 11:51 am Post subject: |
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long after confirmation of 52.8600
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intra.trader
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| Post: #29 Posted: Wed Oct 17, 2012 12:03 pm Post subject: |
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| intra.trader wrote: | | long after confirmation of 52.8600 |
one can short now at 52.8400 can change position after 52.8600 confirmation
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intra.trader
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