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For Chirag-20/35/55 sma study for nifty |
rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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Post: #136  Posted: Fri Jun 24, 2011 3:54 pm Post subject: Re: sharma ji |
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| chiragbvyas wrote: | | i haven't shorted i said we are watching kotak if closes below 55 low sma. that's it. every time we can not have a script ready for up or down break out but we have to watch out price movements closely to identify a valid entry. it takes some time. |
Dear Chirag,
Shall we close the trades ones 55 SMA ( High / Low ) is breached on EOD basis. from my back testing I found that it will be fruitfull to wait till the position is reversed,means short position should be reversed to long and viceversa. I request you to shed some light on this from your experience.
Thank You, |
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chiragbvyas
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Joined: 18 Feb 2010
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| Post: #137 Posted: Fri Jun 24, 2011 7:59 pm Post subject: r k |
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r k ,
if u find yourself comfortable and you think that it's a valid entry then you can reverse the position. calm in mind is much important then you can confidently stand in profits. whenever u find yourself confused get out of the trade and wait then properly re enter,and u will find good profit is there. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #138 Posted: Fri Jun 24, 2011 8:36 pm Post subject: |
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Chirag
My one doubt is still remaining as below
"buy on third day after nifty or a scrip closes above 55 sma high (of -1 day) on first day and CLOSES above 55 sma close (of first day) on second day. Right? Or is it that buy when when it is above 55 sma close of first day on intraday basis on second day?
Thanks |
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chiragbvyas
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Joined: 18 Feb 2010
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| Post: #139 Posted: Fri Jun 24, 2011 8:49 pm Post subject: vinay |
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| suppose today is monday and a script gives close above 55 days high sma. then we should think to long. next day tuesday during market hours we can see if it goes below yesterdays close sma or not . or u can use 55 days low sma as stoploss ( this is the ultimate stop loss for long positions). so remember only low sma and forget close sma if u r getting confused. clear? |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #140 Posted: Fri Jun 24, 2011 9:03 pm Post subject: |
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On tuesday, even though there is a buy signal on monday, it can go below monday's 55 day close sma at the last minute also. That's why my question. Which means, if it does not go below 55 day close sma on tuesday, we should buy on wednesday. Right?
I wasn't referring to SL at all but to the two conditions for buying. |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #141 Posted: Fri Jun 24, 2011 11:53 pm Post subject: |
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Abb short Hit stop loss
Lic Housing Short Hit Stop Loss--
Itc Short hit stop loss
So huge loss of almost 30000 K
only HDFC and hero honda in profit --around 24000--
Chirag bhai whats the mistake
any mistake i did |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #142 Posted: Sat Jun 25, 2011 8:35 am Post subject: |
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| Rahulsharmaat wrote: | Abb short Hit stop loss
Lic Housing Short Hit Stop Loss--
Itc Short hit stop loss
So huge loss of almost 30000 K
only HDFC and hero honda in profit --around 24000--
Chirag bhai whats the mistake
any mistake i did |
Dear Rahul,
Sorry for your losses, but it's only the beginning, don't get discouraged. keep trading as per the strategy. you will be definitely in profits after some time.In my opinion any strategy could be successful only if we adhere to it and implemented it in a sustained manner.
By the way, ABB 55 SMA High is 856.30 the scrip closed at 852.40, day high is 855 ( NSE). Then how come you hit stop loss?. you should be still in the trade, and who knows what is going to happen on Monday?!
Are you taking stop loss on EOD basis or Intraday basis?.I found it advantageous to take on EOD basis. |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #143 Posted: Sat Jun 25, 2011 9:16 am Post subject: |
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hi chirag,
will you see ADVANTA in the light of 55 sma strategy?
I think it is hold at present as it closed above 55 high sma after a long down trend. Please comment. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #144 Posted: Sat Jun 25, 2011 10:12 am Post subject: |
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thanks,,
As i track Futures- so ABB future closed above 55 SMA high--
Yes spot didnt close above that--
Confusion is when we Trade future--we should follow future rates-- for breakout--and stop loss--
please advice |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #145 Posted: Sat Jun 25, 2011 10:32 am Post subject: sharma ji |
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sharma ji,
there is no mistake. when we see clear breakout then we trade accordingly with stop loss. sometimes it happens during a huge rally or big sleep in intra day like yesterday.
but then u have any kind of system other than this and you have shorted depending on that system then also your stop loss been taken in yesterday's market. show me any trading plan or set up in which you find on thursday that on friday there will be a big up side movement and short sellers will be punished like this. we were shorted jet airways and was in 52 point of profit but we maintain our stop loss policy and exited by stoploss only. so is it a failure of system? no the most important is stick to trading plan. don't mix feelings with it. if i want to say i can say this system don't work properly coz there was a profit of 52 points but it did not indicated to book profit , but when a script run a ten percent of bull run then all the stop losses are taken then it is ok in this business. there is no system that aware you in advance. it can give you confirmation that this or that trend has been established. nothing else. when candles are in 55 days high low and close area for sometime that is no trading zone, but giving indication that if a bullish candle is there then go long and if a bearish candle is there then short sell. sharma ji we are using this system since last four years including seller circuits and buyer circuits. we also have faced loss but in compare to any other system it was too little and when there was our set up in action we have recovered far more immediately then rest of all. this set up has been winning for us since last two years consistently without fail that includes our most profitable trades 1.big bull run in rec ltd and pfc. as well as continuous down trend in aid both scripts. even you have example of hero honda you have find that break out and see how much profitable it is. so no second thought, just stick to yr plan and you will definately recover yr loss fast. remember my rule of ten trades. if seven stoploss are taken don't worry at all rest 3 positions will take care of it will provide you good returns. keep learning, do hard work try to understand this system whenever u have time view the charts. |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #146 Posted: Sat Jun 25, 2011 10:58 am Post subject: Re: sharma ji |
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| chiragbvyas wrote: | sharma ji,
there is no mistake. when we see clear breakout then we trade accordingly with stop loss. sometimes it happens during a huge rally or big sleep in intra day like yesterday.
but then u have any kind of system other than this and you have shorted depending on that system then also your stop loss been taken in yesterday's market. show me any trading plan or set up in which you find on thursday that on friday there will be a big up side movement and short sellers will be punished like this. we were shorted jet airways and was in 52 point of profit but we maintain our stop loss policy and exited by stoploss only. so is it a failure of system? no the most important is stick to trading plan. don't mix feelings with it. if i want to say i can say this system don't work properly coz there was a profit of 52 points but it did not indicated to book profit , but when a script run a ten percent of bull run then all the stop losses are taken then it is ok in this business. there is no system that aware you in advance. it can give you confirmation that this or that trend has been established. nothing else. when candles are in 55 days high low and close area for sometime that is no trading zone, but giving indication that if a bullish candle is there then go long and if a bearish candle is there then short sell. sharma ji we are using this system since last four years including seller circuits and buyer circuits. we also have faced loss but in compare to any other system it was too little and when there was our set up in action we have recovered far more immediately then rest of all. this set up has been winning for us since last two years consistently without fail that includes our most profitable trades 1.big bull run in rec ltd and pfc. as well as continuous down trend in aid both scripts. even you have example of hero honda you have find that break out and see how much profitable it is. so no second thought, just stick to yr plan and you will definately recover yr loss fast. remember my rule of ten trades. if seven stoploss are taken don't worry at all rest 3 positions will take care of it will provide you good returns. keep learning, do hard work try to understand th
is system whenever u have time view the charts. |
Chiragji,
as per the system ultimate stop loss for JET AIRWAYS was 470.5 on closing basis (55 high sma) which it did not trigger.
Why did you then exit from the trade early? |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #147 Posted: Sat Jun 25, 2011 2:41 pm Post subject: Re: r k |
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| chiragbvyas wrote: | r k ,
if u find yourself comfortable and you think that it's a valid entry then you can reverse the position. calm in mind is much important then you can confidently stand in profits. whenever u find yourself confused get out of the trade and wait then properly re enter,and u will find good profit is there. |
Dear Chirag,
I keep on back testing your strategy of 55 SMA and wondering at it's efficiency, as you said it exposes us to the minimum whipsaws. I have seen and tested 8, 34 ema methods 10 day sma high & 8 day sma low methods and found your 55 sma method most efficient with minimum whipsaws.It also has simple entry and exit principles.
I should thank you for revealing this method to all of us.
Now I feel confident that I can recover all my losses, as you said.
One more clarification - will it be helpful to find and enter in two scrips - one in long and one in short.?which can take care of sudden movements like yesterday in either way. |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #148 Posted: Sat Jun 25, 2011 8:30 pm Post subject: Re: sharma ji |
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| chiragbvyas wrote: | sharma ji,
there is no mistake. when we see clear breakout then we trade accordingly with stop loss. sometimes it happens during a huge rally or big sleep in intra day like yesterday.
but then u have any kind of system other than this and you have shorted depending on that system then also your stop loss been taken in yesterday's market. show me any trading plan or set up in which you find on thursday that on friday there will be a big up side movement and short sellers will be punished like this. we were shorted jet airways and was in 52 point of profit but we maintain our stop loss policy and exited by stoploss only. so is it a failure of system? no the most important is stick to trading plan. don't mix feelings with it. if i want to say i can say this system don't work properly coz there was a profit of 52 points but it did not indicated to book profit , but when a script run a ten percent of bull run then all the stop losses are taken then it is ok in this business. there is no system that aware you in advance. it can give you confirmation that this or that trend has been established. nothing else. when candles are in 55 days high low and close area for sometime that is no trading zone, but giving indication that if a bullish candle is there then go long and if a bearish candle is there then short sell. sharma ji we are using this system since last four years including seller circuits and buyer circuits. we also have faced loss but in compare to any other system it was too little and when there was our set up in action we have recovered far more immediately then rest of all. this set up has been winning for us since last two years consistently without fail that includes our most profitable trades 1.big bull run in rec ltd and pfc. as well as continuous down trend in aid both scripts. even you have example of hero honda you have find that break out and see how much profitable it is. so no second thought, just stick to yr plan and you will definately recover yr loss fast. remember my rule of ten trades. if seven stoploss are taken don't worry at all rest 3 positions will take care of it will provide you good returns. keep learning, do hard work try to understand this system whenever u have time view the charts. |
Chiragji,
as per the system ultimate stop loss for JET AIRWAYS was 470.5 on closing basis (55 high sma) which it did not trigger.
Why did you then exit from the trade early? Please reply to clear the confusion
Last edited by acharyams on Sun Jun 26, 2011 8:42 am; edited 1 time in total |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #149 Posted: Sun Jun 26, 2011 8:28 am Post subject: |
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Chiraj Bhai--
I never said its failure of system-- I just said it was bad luck-- i just traded scripts which gave short or long with all other rules followed-- its just that they hit stop los-- i exited at stop loss without using my mind--
What i am trying to learn further is-- should i just focus on 2-3 scripts-- to long or to short when ever they give that chance-- or should i track new scripts also in this process.
As example-- Hero honda was long and is atmost 150 Rs up from buy rate .. so any short it gives i should trade --or i should see that what new scripts giving breakout either side
Please guide |
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acdl
White Belt
Joined: 31 Dec 2010
Posts: 4
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| Post: #150 Posted: Sun Jun 26, 2011 8:53 am Post subject: Re: sharma ji |
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| acharyams wrote: | | chiragbvyas wrote: | sharma ji,
there is no mistake. when we see clear breakout then we trade accordingly with stop loss. sometimes it happens during a huge rally or big sleep in intra day like yesterday.
but then u have any kind of system other than this and you have shorted depending on that system then also your stop loss been taken in yesterday's market. show me any trading plan or set up in which you find on thursday that on friday there will be a big up side movement and short sellers will be punished like this. we were shorted jet airways and was in 52 point of profit but we maintain our stop loss policy and exited by stoploss only. so is it a failure of system? no the most important is stick to trading plan. don't mix feelings with it. if i want to say i can say this system don't work properly coz there was a profit of 52 points but it did not indicated to book profit , but when a script run a ten percent of bull run then all the stop losses are taken then it is ok in this business. there is no system that aware you in advance. it can give you confirmation that this or that trend has been established. nothing else. when candles are in 55 days high low and close area for sometime that is no trading zone, but giving indication that if a bullish candle is there then go long and if a bearish candle is there then short sell. sharma ji we are using this system since last four years including seller circuits and buyer circuits. we also have faced loss but in compare to any other system it was too little and when there was our set up in action we have recovered far more immediately then rest of all. this set up has been winning for us since last two years consistently without fail that includes our most profitable trades 1.big bull run in rec ltd and pfc. as well as continuous down trend in aid both scripts. even you have example of hero honda you have find that break out and see how much profitable it is. so no second thought, just stick to yr plan and you will definately recover yr loss fast. remember my rule of ten trades. if seven stoploss are taken don't worry at all rest 3 positions will take care of it will provide you good returns. keep learning, do hard work try to understand this system whenever u have time view the charts. |
Chiragji,
as per the system ultimate stop loss for JET AIRWAYS was 470.5 on closing basis (55 high sma) which it did not trigger.
Why did you then exit from the trade early? Please reply to clear the confusion |
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