iCharts Discussions

[galrani]

Hi - Sorry for the typo...its 1:28
Cheers

[galrani]

Hi MSA

Entry at 1:28

Half exit at 15 points profit at 4970
Rest half exited at 3EMA crossover to 15EMA

These are as per rules...

Am I missing something or not?

[msa5678]

[quote="galrani"]Hi - Sorry for the typo...its 1:28
Cheers

quote]

Hi Shiva,

Thanks for the reply, But what about the exits ? There was no Reverse signal after 0128 .

[msa5678]

[quote="galrani"]Hi MSA

Entry at 1:28

Half exit at 15 points profit at 4970
Rest half exited at 3EMA crossover to 15EMA

These are as per rules...

Am I missing something or not?
Hi Shiva,

The crossover is there, ok. But, the price was still below the PSAR. Then how can the exit be justified.

Hope I am not troubling you, Just want to be sure about the rules.

[msa5678]

Hi Sonila,

Need some clarifications from you to properly understand the rules of the strategy. Request you to please go through the trades posted by GALRANI, and express your views.

This will lot of help to newbies to the strategy.

[sonila]

Trade.1 = (+45)

TRADE.2
Bought @ 12.36 @ 4992
Booked 1 lot @ 1.14 @ 5007 (+15)
Exited 2nd lot @ 1.24 @ 4995 (+3)
total in trade.2 = (+1
CUMULATIVE = (+63)

TRADE.3
Sold 2 lots @ 1.24 @ 4995
booked 1 lot @ 4980 @ 1.28 (+15)
booked 2nd lot @ 4965 @ 1.45 ( +30)
total in trade.3 = (+45)
CUMULATIVE = (+108)

TRADE.4
Bought 2 lots @ 2.06 @ 4983
Loss booked and position reversed @ 2.36 @ 4976 ( -14)
total in trade.4 = (-14)
CUMULATIVE = (+94)

TRADE.5
Sold 2 lots @ 2.36 @ 4976
Booked 1lot @ 4961 @ 2.39 (+15)
Booked 2nd lot @ 4946 @ 3.00 (+30)
Total in trade.5 =(+45)
CUMULATIVE =(+139)

So, total +139 pts in 5 trades with 2 lots.

[sonila]

To clear confusions plz go step by step
step.1
look for ema crossover i.e. ema3 and ema5 in 3-min time frame
step.2
if ema cross-over has happened, then plz look at spot nifty chart of yahoo india finance with 5-min time frame with 20ema and PSAR. IF PSAR is below the CMP and cmp is above the 20ema, then it is a confirmed buy.

just opposite for sell/exit.

Hope i m clear.

[sonila]

I m posting today's chart of spot nifty with 5-min tf, 20ema and psar which i always use for confirmation after getting ema cross-over.

[DEWGH]

To clear confusions plz go step by step
step.1
look for ema crossover i.e. ema3 and ema5 in 3-min time frame
step.2
if ema cross-over has happened, then plz look at spot nifty chart of yahoo india finance with 5-min time frame with 20ema and PSAR. IF PSAR is below the CMP and cmp is above the 20ema, then it is a confirmed buy.

just opposite for sell/exit.

Hope i m clear.

Hi Sonila,

Great going Sonila. You seem to be really fast in executing trades.

By the way EMA3 AND EMA5 CROSSOVER?


SEEMS TPPO.

Pointing to you because new people can get confused.

[DEWGH]

oops not tppo typo

[vinay28]

Sonila, why spot nifty, why not both signals in NF?

[jsg]

Sonila, where do you track 3ema and 5 ema on 3mt tf? Is it on iCharts? If yes the why not 20ema and SAR too on Icharts?

[tnandkumar]

hi sonila,first i want to thank u for sharing wonderful startegy.one small doubt ,when market open is gap up or gap down,is it that we have to wait till first ema 3 and ema 15 crossover in 3min chart.

[DEWGH]

Sonila, why spot nifty, why not both signals in NF?

Vinay would like to add to your question why yahoo charts? can we follow ichart spot or future charts?

Sonila, pls let us know.

[sonila]

Which charts i follow, i have already mentioned in prev posts.