iCharts Discussions

[bharatpatel]

i think chirag is no more visiting this site. i have read in his posts that he use microsoft excel sheet for technical analisys.

hey chirag waiting for you.

bharat patel.

[Rahulsharmaat]

Thanks Vinay for attention...

Yes i did traded few trades in this 55 SMA-- EOD

but the problem i faced was huge stop losses, as it was EOD.
And 2-3 position of exiting in loss will turn u in panic..
i feel for this one needs a huge investment ...

and for this is whenever some one comes with real trade n the result.. what i have seen is people who have invented or tracked this ,, feel bad-- as result in real trades are always different then paper trading-- because paper trading n back testing dosent need the panic situation-- as we just calculate where we bought n exited-- thing is after having a position -- without exiting it by system it can go way long on other side-- that is a panic in real trade -- where market is in rally n we are holding short--

as future trade lot sizes are big-- so i stopped it

===============================================
smaller time frame is to be looked-- that i didnt tracked

===============================================
Yes i traded silver in 15 Min time frame in 55 SMS -- and traded almost 6 months--
at start i use to buy 3 lots on confermation and use to book one at 500 points-- next 1200-- and third at 2000

then situation changed-- so i use to book at 500-- n 1200
again 400-- n 800
at last it was just 400 points for all lots-- as we have to see reward in end of month

in start it was giving almost 4000--5000 points per lot-- which came down to 1500 points per lot-- monthly--

===============================================
regarding Nifty


in last one year 55 sms EOD gave loss of 200 points-- so its not for me atleast

[Rahulsharmaat]

BPCL Long 15 april 2011-- @ 600 went to 680-- but exit came at 608 on 10th june

2 rollover may have taken 4 rs--so net gain only 4 points-- now see maximum gain erosed as Auto Exit was at 608-- where as high 680--

Short not active

28- june long at 653-- high 715-- exit came at 12--sep 660- again gain 7 points-- 4 roll over so no gain

Short 13 sep--@ 658-- exit 680 on 3rd Oct-- loss 22 points--

No long active now

short 17--oct at 635-- went to 462-- exit came at 541 0n19-jan- see how 80 points profit we didnt get as auto exit- gain in this is 95 points

so net gain now 70 points

Long at 20 jan 12-- @ 559-- long in hand till now last week closing 702 exit may come below 620 now

so one year trade BPCL gave 70 points --that means 35000 as gain
and holding if gets exit at 620-- 60 more points thats Rs 3000

so total is 65000--- which is Rs 5500 per month in average

For me not a good trade

[Rahulsharmaat]

where as Lic gave loss of almost 40 points in last 12 months

[Onkar95]

Rahul ji, thanks for sharing your trades,as i am beginer here i was looking forward to this stategy but your experience suggest there is no scope in this strategy...so right now which strategy you are using??
thanks in advance..

[Rahulsharmaat]

smaller time frame has to be seen-- like 55 sms in 1 Hr--

i didnt have such software to -- could not see it
and again u need a script which is not in a range -- like FMCG--
HUL-- ITC-- or LIC may be--

It has to be something very volatile-- to get gains--

and if its nifty then u can follow 30 Min -- 3--34 EMA--
follow auto exit-- it will give you 150 points plus every month--in average

Or what u do is-- trade in 2 lots-- entry at confirmation-- and book first lot at 70- 80 point gain-- n 2nd at auto entry

[vishyvaranasi]

Hi Rahul,

Yes and thats wat i feel. Markets are too dynamic to be controlled by us. So, this system should be used to take entry and depending upon say some other method the profit should be booked as per our appetite. Going thru your posts i felt that the netry point is OK , but waiting for an auto exit( reversal) seems to be eating the profits. So, if we can have a method of booking profits this sytem might work.Or , as you said will have to work in 2 lots.

Vishy

[Rahulsharmaat]

and if its nifty then u can follow 30 Min -- 3--34 EMA--
follow auto exit-- it will give you 150 points plus every month--in average

Or what u do is-- trade in 2 lots-- entry at confirmation-- and book first lot at 70- 80 point gain-- n 2nd at auto entry


================================================

Its 3--34 EMA cross in 30 Min--

where auto exit is also ok-- there may be many whipsaws though-- but stick to it

[Rahulsharmaat]

Bank Nifty --

55 SMA-- from jan 2009-- till now gave 6000 points--that is 150 points every month-- again this is only Rs 3700 monthly-- which is bare minimum --

[vinay28]

thanks rahul. Although I didn't trade based on this strategy, I was keen to know. Your experience is quite discouraging. May be it requires some tweaking

[Onkar95]

[Rahulsharmaat]

vinay-- thanks

If its tracked on shorter time frame it may be good-- say 1 Hr

as in Silver it was very good

30--35 % return on margin--

[Rahulsharmaat]

I have seen few stocks in this again and can suggest few of them which are really good bet for holding in this system

1} Pantaloon--- Right now short is exited-- but long not made as per rule--
Buy will come above 171.10-- closing
short will be closing below 161.60

2} Patel eng-- it gave a short at 380-- n exit and long at 92-- its quite promising
Right now again its in buy @ 112.90-- went to 120 plus today-- now at 113-- can go long with 104.30 closing stop loss and short will be below 104.30 closing-- wait for next day -- if close line is not touched or breached-- short it with sl 55 SMS high

[Rahulsharmaat]

and as someone said nifty is long in this system-- NO nifty is not long-- rather its short

its all bundle of loss in nifty

[Rahulsharmaat]

Patel Eng Fo long triggered at 113-- made high of 116.20---- Hold--till close below 55 sms low