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how to make 60 crores in 5 years with 20000 investment |
opportunist
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Joined: 27 Apr 2010
Posts: 356
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Post: #511  Posted: Mon Apr 09, 2012 1:00 pm Post subject: |
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| vinst wrote: | | vinst wrote: |
Trade 20 is started Long at 5340 on 30-March-2012
Last short trade: 2*(5385-5340) = (+) 90
cumulative since July-2011 is (+) 1178. |
reversible SL is set at 5230. If NF goes below 5230, go short. |
Vinst,
Three questions :
1. Do you place trades at end of day or during the day. That is do you wait for the day's candle to close and then determine whether it has crossed 8EMA or do you enter 'whenever' price cuts 8EMA during the day.
2. How do you handle choppy markets when entry one day may result in reversal the next.
3. How do you set SL / Trailing SL ?
Regards,
Oppo
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #512 Posted: Mon Apr 09, 2012 2:18 pm Post subject: |
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Oppo,
this method is not EOD 8/34 ema method. The method I am following is based on 30min TF and explained in posts made during Nov-2011
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #513 Posted: Tue Apr 10, 2012 1:03 pm Post subject: |
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| vinst wrote: | | vinst wrote: |
Trade 20 is started Long at 5340 on 30-March-2012
Last short trade: 2*(5385-5340) = (+) 90
cumulative since July-2011 is (+) 1178. |
reversible SL is set at 5230. If NF goes below 5230, go short. |
Trade 21 short initiated at 5230.
Last trade (Long) = 2*(5230-5340) = (-)220
cumulative since July-2011 is (+) 958
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proscrips
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Joined: 20 Apr 2010
Posts: 2
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| Post: #514 Posted: Thu Apr 12, 2012 11:27 am Post subject: Clarification |
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Hi,
In your post in Nov'11, you mentioned the following.
I use 3 moving averages: 4sma, 17sma, 34ema on time frame 30minutes.
when all three MA's are in sequence, trades are placed on violating immediately previous 5 bar pivot which is yet not covered by price
Can you please help me understand what you meant by the following:-
"trades are placed on violating immediately previous 5 bar pivot which is yet not covered by price"
Based on your inputs can we take a long today at 09:30AM close since the crossover happened on the long side.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #515 Posted: Thu Apr 12, 2012 12:22 pm Post subject: Re: Clarification |
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| proscrips wrote: | Hi,
In your post in Nov'11, you mentioned the following.
I use 3 moving averages: 4sma, 17sma, 34ema on time frame 30minutes.
when all three MA's are in sequence, trades are placed on violating immediately previous 5 bar pivot which is yet not covered by price
Can you please help me understand what you meant by the following:-
"trades are placed on violating immediately previous 5 bar pivot which is yet not covered by price"
Based on your inputs can we take a long today at 09:30AM close since the crossover happened on the long side. |
sma17 is still below ema34 so no longs. short setup continues.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #516 Posted: Thu Apr 12, 2012 2:03 pm Post subject: |
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| vinst wrote: | | vinst wrote: | | vinst wrote: |
Trade 20 is started Long at 5340 on 30-March-2012
Last short trade: 2*(5385-5340) = (+) 90
cumulative since July-2011 is (+) 1178. |
reversible SL is set at 5230. If NF goes below 5230, go short. |
Trade 21 short initiated at 5230.
Last trade (Long) = 2*(5230-5340) = (-)220
cumulative since July-2011 is (+) 958 |
reversible SL is 5325. If NF above 5325, go long.
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proscrips
White Belt
Joined: 20 Apr 2010
Posts: 2
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| Post: #517 Posted: Thu Apr 12, 2012 2:43 pm Post subject: |
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| vinst wrote: | | vinst wrote: | | vinst wrote: | | vinst wrote: |
Trade 20 is started Long at 5340 on 30-March-2012
Last short trade: 2*(5385-5340) = (+) 90
cumulative since July-2011 is (+) 1178. |
reversible SL is set at 5230. If NF goes below 5230, go short. |
Trade 21 short initiated at 5230.
Last trade (Long) = 2*(5230-5340) = (-)220
cumulative since July-2011 is (+) 958 |
reversible SL is 5325. If NF above 5325, go long. |
How do you calculate the SL which I understand you calculate after entering the trade.
How did you arrive at NF 5325 as SL.
previous 5 bar pivot which is yet not covered by price. What does this mean?
Thanks,
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #518 Posted: Fri Apr 13, 2012 1:38 pm Post subject: |
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| NF is long. If it drops below 5270, close long (no shorts here)
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #519 Posted: Fri Apr 13, 2012 5:52 pm Post subject: |
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i was following your positions ..... its good ... but one thing is .... still 8 , 34 ema strategy is continuing its short position whithin which your system gave a sell signal , then buy signal ...and now sell signal again ..... i mean no offence ..... its just discussion ..... i also want to avoid as many whipsaw as possible ..... but these are the part of the trading.
The purpose of my thought is to know from you if you know any big disadvantage 8, 34 ema trading for which you might changed your trading system ... something similar but not same?
Thanks
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #520 Posted: Fri Apr 13, 2012 5:59 pm Post subject: |
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| ankur11_11 wrote: | i was following your positions ..... its good ... but one thing is .... still 8 , 34 ema strategy is continuing its short position whithin which your system gave a sell signal , then buy signal ...and now sell signal again ..... i mean no offence ..... its just discussion ..... i also want to avoid as many whipsaw as possible ..... but these are the part of the trading.
The purpose of my thought is to know from you if you know any big disadvantage 8, 34 ema trading for which you might changed your trading system ... something similar but not same?
Thanks |
I am following 30min time frame. Are you taking 8, 34 ema on 30min timeframe or daily timeframe?
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ankur11_11
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Joined: 11 Jan 2010
Posts: 146
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| Post: #521 Posted: Sat Apr 14, 2012 6:37 am Post subject: |
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8,34 ema on daily chart EOD ....
only 12th April .... Nifty-1M closed few point above 8 ema .... so it gave a book short signal..... but the fact is it never gave a buy signal ........ this is because it is on longer time frame ......
it is well known .... longer time frame laways gives less whipsaw ..... but you choosed 30 min !! there must be some advantage of 30 min timeframe chart or there must be some disadvantage you felt after using 8,34 ema on daily chart !
if you please explain!!
Thanks
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #522 Posted: Sat Apr 14, 2012 11:07 am Post subject: |
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| ankur11_11 wrote: | 8,34 ema on daily chart EOD ....
only 12th April .... Nifty-1M closed few point above 8 ema .... so it gave a book short signal..... but the fact is it never gave a buy signal ........ this is because it is on longer time frame ......
it is well known .... longer time frame laways gives less whipsaw ..... but you choosed 30 min !! there must be some advantage of 30 min timeframe chart or there must be some disadvantage you felt after using 8,34 ema on daily chart !
if you please explain!!
Thanks |
It is not so much about which system is more profitable.
I tried to test 8,34 ema as per vijaykannan and posted my results. But recd no clarification about correctness of my understanding. then i had to leave that method.
In case you can post the 8,34 method on daily TF with 2-3 examples, I'd be thankful.
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sethu45
White Belt
Joined: 06 Aug 2009
Posts: 168
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| Post: #523 Posted: Sat Apr 14, 2012 4:53 pm Post subject: |
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It is an interesting thread. Please clarify how to use this EMA 8,34. i.e.
1. Can it be used in intraday 2 minutes or 1 minute or 5 minute charts.
or It should be used only in EOD. What amount of stop and target be fixed. Please clarify on this.
sethuraman
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #524 Posted: Sun Apr 15, 2012 12:21 pm Post subject: |
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@vinst
it can be seen in EOD charts Premium easily with 8 , 34 in daily TF ... i don't know how to post the pic .... ok i am trying ... will upload as soon as possible.
By the way i have gone through your oldest in this topic ..... there are advantages and disadvantages in all the system ...... and also i know this is not going to be 60 crore ...... but this system is simple and that makes it great.
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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