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Friday - Monday Strategy |
ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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Post: #61  Posted: Fri Aug 26, 2011 8:22 pm Post subject: |
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On Monday, sell nf sep if it trades below 4718( friday low), with a stoploss of 4768(may vary according to your position, it should be 50 points higher, that s it!
target- first profitable opening of the week. (around 70-80 points, or more if one can trail the stoploss properly). |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #62 Posted: Fri Aug 26, 2011 8:53 pm Post subject: |
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ANS!
In these volatile markets 50 points stop loss may not be sufficient .If we need to trade this strategy. We should keep a stop loss of Friday High otherwise better not to trade till volatality settles.
Look at before last week trade, 50 points stoploss triggered, but friday high (which was 30 points away from our stoploss) never triggered and next day we got a profitable opening with 178 points profit.
RK
| ANS_KOL wrote: | On Monday, sell nf sep if it trades below 4718( friday low), with a stoploss of 4768(may vary according to your position, it should be 50 points higher, that s it!
target- first profitable opening of the week. (around 70-80 points, or more if one can trail the stoploss properly). |
Last edited by rk_a2003 on Fri Aug 26, 2011 9:08 pm; edited 1 time in total |
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #63 Posted: Fri Aug 26, 2011 9:05 pm Post subject: |
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| rk_a2003 wrote: | ANS!
In these volatile markets 50 points stop loss may not be sufficient .If we need to trade this strategy. We should keep a stop loss of Monday High otherwise beter not to trade till volatality settles.
Look at before last week trade, 50 points stoploss triggered, but friday high (which was 30 points away from our stoploss) never triggered and next day we got a profitable opening with 178 points profit.
RK
| ANS_KOL wrote: | On Monday, sell nf sep if it trades below 4718( friday low), with a stoploss of 4768(may vary according to your position, it should be 50 points higher, that s it!
target- first profitable opening of the week. (around 70-80 points, or more if one can trail the stoploss properly). |
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dear rk, have you gone through that 20,000 to few crores in 5 years thread? let me tell you last year I traded that strategy for a full calendar year(2010).I made a lot of money 2-3 times in jan, in may, and probably in sep, but the whipsaws are so much that the other trades has taken away all of it and more. I lost 20% of my trading capital at the end of the year and stop trading this strategy.
always wonder if some modifications can be made to that strategy it can make wonder in 5 years timeframe.
something is missing, i am still searching, any input?
ANS. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #64 Posted: Fri Aug 26, 2011 9:20 pm Post subject: |
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I read it. but never tried it. On paper it seems good, as it needed continuous monitoring and full time attention I choose not to go for it.
I prefer strtegies which will not demand continuous attention.which can be managed with triggering orders.
As per my knowledge ,most of the strategies work well in trending markets( may be trading methods also ).Range bound markets are enemies for them.
Therefore may be we need to adopt a method to find out rangebound markets and then avoid trading them.
Sounds so simple.I know, implementing it is not easy ,even may be imposible. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #65 Posted: Thu Sep 01, 2011 7:04 pm Post subject: |
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Profit - loss statement till this time.
72-45-52 = -25 (with 50 point stop loss max )
72-45+178 = 205( with Friday High/ Low as stop loss max) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #66 Posted: Thu Sep 01, 2011 8:14 pm Post subject: |
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ANS!
Have you tried ADX indicator, ( It was sugested by Casper ).It can help you in recognising trending markets and also rangebound markets as such.
Try to back test your actual trades adding ADX indicator also .If it is able to filter your whipsaws considerably: Bingo! you are almost found a holy grail.
Don't forget to share your result 
RK
| ANS_KOL wrote: | | rk_a2003 wrote: | ANS!
In these volatile markets 50 points stop loss may not be sufficient .If we need to trade this strategy. We should keep a stop loss of Monday High otherwise beter not to trade till volatality settles.
Look at before last week trade, 50 points stoploss triggered, but friday high (which was 30 points away from our stoploss) never triggered and next day we got a profitable opening with 178 points profit.
RK
| ANS_KOL wrote: | On Monday, sell nf sep if it trades below 4718( friday low), with a stoploss of 4768(may vary according to your position, it should be 50 points higher, that s it!
target- first profitable opening of the week. (around 70-80 points, or more if one can trail the stoploss properly). |
|
dear rk, have you gone through that 20,000 to few crores in 5 years thread? let me tell you last year I traded that strategy for a full calendar year(2010).I made a lot of money 2-3 times in jan, in may, and probably in sep, but the whipsaws are so much that the other trades has taken away all of it and more. I lost 20% of my trading capital at the end of the year and stop trading this strategy.
always wonder if some modifications can be made to that strategy it can make wonder in 5 years timeframe.
something is missing, i am still searching, any input?
ANS. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #67 Posted: Mon Sep 12, 2011 10:23 am Post subject: |
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Sold at 4978
kepping view of high volatality S/L at 5050 |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #68 Posted: Mon Sep 12, 2011 11:29 am Post subject: |
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| TSL To 5015 |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #69 Posted: Mon Sep 12, 2011 12:47 pm Post subject: |
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| Modified TSL to cost to cost |
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ANS_KOL
White Belt
Joined: 16 Jul 2011
Posts: 84
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| Post: #70 Posted: Mon Sep 12, 2011 7:52 pm Post subject: |
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Dear RK,
can you help me regarding some information?I am not working currently with metastock and wondering where I can get the ema which can be plotted over the nifty future chart?
In fact I don"t need the chart , only the EOD exponential moving average value willl be enough for me.
is it available anywhere for free or am I to subscribe some plan?
ANS. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #71 Posted: Mon Sep 12, 2011 8:28 pm Post subject: |
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ANS!
You need not subscribe for any plan for knowing just the EMA value .
Check your inbox.
RK |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #72 Posted: Tue Sep 13, 2011 8:49 am Post subject: |
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| Revised stop loss to 5020 |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #73 Posted: Tue Sep 13, 2011 11:02 am Post subject: |
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| stoploss triggered |
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