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Friday - Monday Strategy |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #46  Posted: Thu Jul 28, 2011 9:22 pm Post subject: |
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| bgsalvi wrote: | | Rahulsharmaat wrote: | As of now statergy of hansraj looks good--
Shorted 5400 call-- 5900 put -- together at 555-- when nifty was 5670-- n shorted future at 5645--
gain till yesterday was 130 points |
Rahulji
The strategy you are following shall have time value of atleast 120-140 points. Mr. Hansraj was targetting for 200 points. But this strategy can give you negative points if there are whipsaws arround your middle level. The stop loss shall be very tight. With low time value the gains could be negative in side way market.
B. G. Salvi |
Dear B.G.Salvi,
My understanding regarding this strategy is -you will not be in losses in normal conditions. Utmost your profits may be dented due to multiple and frequent whipsaws.
Yes, I know in case of lower or upper circuits opening in opposite direction of our nifty position will cause us severe losses; which case scenario is of very remote possibility. If you are lucky enough to continuously reap profits for a reasonable amount of time in this strategy, you can still with stand that worst case scenario and continue the game.
I would like to know your experience if any, which caused you losses while implementing this strategy.
Thanks & Regards
RK
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bgsalvi
White Belt
Joined: 19 Mar 2009
Posts: 15
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| Post: #47 Posted: Sat Jul 30, 2011 12:42 pm Post subject: |
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Rahulji
Maintaining middle value with 10 point stop loss is very difficult. Suppose mean value is 5550 then if nifty goes up, one should buy at 5600 with SL 5590 or if nifty goes down you should sell at 5500 with sl 5510. My general experience is your sl gets triggered very offen. This strategy works good for offline trading. But broker may not be that prompt to take the reverse action immediately if sl is triggered.
As you have stated yes i have also traded with profit but it was in trending market.
I think discussing this strategy here is not correct as this ithread s for other strategy.
Regards,
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #48 Posted: Sat Jul 30, 2011 1:30 pm Post subject: |
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where did i said Stop loss 10 points--
he said its 25 points-- Buy friday this didnt worked-- as wrote call n put at 5500-- so short at 5475-- or long at 5525--- both happ n sl hit--- twice in short--- so 3 sl--- need to see it more ijn deapth
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #49 Posted: Mon Aug 01, 2011 9:50 am Post subject: |
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| Friday High is 5520, Today nifty is on gap up . If it comes around 5530, we can take long position with a stop loss of 5480
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Allwell
White Belt
Joined: 24 Jan 2010
Posts: 183
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| Post: #50 Posted: Mon Aug 01, 2011 9:58 am Post subject: |
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| yes RK.....last monday it's work....let's see today
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #51 Posted: Mon Aug 01, 2011 10:21 am Post subject: |
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Dijyya ! We need to try it for 1 year there will be approx 22% losses and 78% wins. Right now we don't know the way to decide whether it is going to be loss/win for this week.
Hoping for the best
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #52 Posted: Mon Aug 01, 2011 9:18 pm Post subject: |
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UPDATE
Took Long position at 5525 stop loss@5480 not hit.
Let's see how it goes tomorrow!
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #53 Posted: Tue Aug 02, 2011 9:24 am Post subject: |
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UPDATE
Stoploss @ 5480 hit loss of 45 points booked.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #54 Posted: Mon Aug 08, 2011 9:50 am Post subject: |
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UPDATE
For nifty the chances of overtaking Friday high of 5230 is bleak.
Mostly today will be no trade .
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #55 Posted: Tue Aug 16, 2011 10:22 am Post subject: |
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UPDATE
On Friday Nifty Low was 5053 & it formed a red candle.
So , today we need go short at 5048 and keep a stop loss of 5100.
Watch for Nifty movements downside.
RK
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #56 Posted: Tue Aug 16, 2011 3:04 pm Post subject: |
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Short at 5048
S/L 5100
Last edited by rk_a2003 on Fri Aug 19, 2011 10:24 am; edited 2 times in total |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #57 Posted: Wed Aug 17, 2011 7:22 pm Post subject: |
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| Stoploss triggered booked 52 points loss
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #58 Posted: Fri Aug 19, 2011 10:28 am Post subject: |
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| rk_a2003 wrote: | | Stoploss triggered booked 52 points loss |
UNFORTUNATE...
We should have kept Stopploss at friday high 5134, which was never triggerd, keeping in view of high volatality of the markets.. We failed to adopt to the specific Market conditions.
Otherwise, to day is the first profitable opening at 4870 and we would have pocketed a clean 178 whooping points. 
Strategy is doing wonders . Operation sucess - patient dead. 
Ok ,A good lesson.
RK
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #59 Posted: Sat Aug 20, 2011 10:09 pm Post subject: |
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Friday red candle, trend down, so, on monday, sell NF @ 4799(Friday low-4801.10), stoploss @ 4849, target @ first profitable opening of the next days.
right RK?
ANS.
PS.I am still waiting for the turtle trading newsletter. 
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #60 Posted: Sun Aug 21, 2011 11:43 am Post subject: |
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ANS!
I am posting an attachment of John Murphy TRADING STRATEGIES.
Let me know your detailed opinion on it by mail to yahoo.com.
Regards
RK
| Description: |
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Download |
| Filename: |
Trading Strategies - John Murphy S Ten Laws Of Technical Trading.pdf |
| Filesize: |
306.19 KB |
| Downloaded: |
503 Time(s) |
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