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Intraday NF trading with EMA CROSSOVER and PSAR |
sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #136 Posted: Fri Dec 09, 2011 12:10 pm Post subject: |
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Booked 2nd lot of trade.1 @ 4870 @ 12.06 (+30)
Total in trade.1 =(+45)
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msa5678 White Belt
Joined: 03 Oct 2010 Posts: 19
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Post: #137 Posted: Fri Dec 09, 2011 12:27 pm Post subject: |
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sonila wrote: | Booked 2nd lot of trade.1 @ 4870 @ 12.06 (+30)
Total in trade.1 =(+45) | Hi Sonila,
A small doubt, Hope you will clarify. Now that the 1st trade has been completed.
Assume that the 3EMA goes above the 15EMA , stays above for a couple of candles and again 3EMA goes below 15EMA, will you be initiating the second trade.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #138 Posted: Fri Dec 09, 2011 12:47 pm Post subject: |
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msa5678,
1> Regarding the doubt u have mentioned;
If 3 ema goes above 15 ema, then plz dont buy immediately, but have a look at spot nifty chart with psar. If psar line is below price, then it is a buy but at that moment a candle should have given a CLOSING ABOVE 20-ema line. Then it is a confirmed buy.
Hope i m clear.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #139 Posted: Fri Dec 09, 2011 1:00 pm Post subject: |
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msa5678,
Regarding ur today's trade, i think u have entered short @ 4865 @ 9.19 (appxly). But that was not correct i think. because our main tools are moving AVERAGES, and when there is a gap down opening of around 80/90 pts,then averages can not accomodate immediately this great fluctuations. So plz wait for some time. So today i entered at 10.12am.
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msa5678 White Belt
Joined: 03 Oct 2010 Posts: 19
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Post: #140 Posted: Fri Dec 09, 2011 1:05 pm Post subject: |
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sonila wrote: | msa5678,
1> Regarding the doubt u have mentioned;
If 3 ema goes above 15 ema, then plz dont buy immediately, but have a look at spot nifty chart with psar. If psar line is below price, then it is a buy but at that moment a candle should have given a CLOSING ABOVE 20-ema line. Then it is a confirmed buy.
Hope i m clear. | Thanks for replying Sonila.
Sorry it seems my query was not clear. My doubt is , If 3EMA goes above 15 EMA momentarily , and comes down again below 15 EMA. In that case will you be intiating the 2nd Short trade of the day.
An excellent strategy you have developed, I must say, The queries are an effort towards better understanding of the principles.
Sorry for disturbing you again.
Regards
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #141 Posted: Fri Dec 09, 2011 1:14 pm Post subject: |
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NSK5678,
Plz look at the attached chart. See how price candles and PSAR dots are fast approaching towards each other in the first 30 mins, and this continued upto 10.00am. This happens generally in large gap openings.There was a lot of possibilities that after 10am, psar will generate a green dot which is for a buy. So i waited.After that still red dot continued, and i got a candle closing below 20-ema and also there was ema crossing down. So i entered short @ 10.12.
Hope i m clear.
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msa5678 White Belt
Joined: 03 Oct 2010 Posts: 19
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Post: #142 Posted: Fri Dec 09, 2011 3:16 pm Post subject: |
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sonila wrote: | NSK5678,
Plz look at the attached chart. See how price candles and PSAR dots are fast approaching towards each other in the first 30 mins, and this continued upto 10.00am. This happens generally in large gap openings.There was a lot of possibilities that after 10am, psar will generate a green dot which is for a buy. So i waited.After that still red dot continued, and i got a candle closing below 20-ema and also there was ema crossing down. So i entered short @ 10.12.
Hope i m clear. | Everything is crystal clear now. Will try application on Monday.
The Yahoo Charts , Are they not a little bit late in updating. And what about refreshing. Do you do manual refreshing.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #143 Posted: Fri Dec 09, 2011 3:38 pm Post subject: |
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Yes, u have to refresh manually. Chart updated with very little time-lag in a broadband connection.
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #144 Posted: Fri Dec 09, 2011 4:01 pm Post subject: |
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TRADE.2
Bought 2 lots @ 1.41 @ 4890
Booked 1 lot @ 4905 @ 1.51 (+15)
Booked 2nd lot @ 4920 @ 2.17(+30)
Total =(+45)
TRADE.3
Sold 2 lots @ 3.06 @ 4895
Booked 2 lots @ 3.14 @ 4880(+30)
( 2 lots exited at T1 as there was less time for mkt clsng)
TOTAL IN 3 TRADES =(+120)
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smartcancerian Yellow Belt
Joined: 07 Apr 2010 Posts: 542
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Post: #145 Posted: Fri Dec 09, 2011 4:26 pm Post subject: |
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sonila..wats d initial SL u keep..?? & when first lot is done at 15 pts...do u trail the other one to cost???
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #146 Posted: Fri Dec 09, 2011 4:39 pm Post subject: |
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Smartcancerian, i do not keep any sl, rather i reverse my position, if i get confirmed opposite signal. After getting one lot tgt achvd, i dont trail the second lot, rather i try to get my second tgt, in between, if oppsite signal appears, then i exit the position and start fresh trade with new signal. Hope i m clear.
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thakur_comm White Belt
Joined: 15 Jan 2009 Posts: 1
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Post: #147 Posted: Sat Dec 10, 2011 1:14 pm Post subject: WHAT IS THE TIME FRAME 5, 10 OR 30 MIN? |
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sonila wrote: | Smartcancerian, i do not keep any sl, rather i reverse my position, if i get confirmed opposite signal. After getting one lot tgt achvd, i dont trail the second lot, rather i try to get my second tgt, in between, if oppsite signal appears, then i exit the position and start fresh trade with new signal. Hope i m clear. |
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #148 Posted: Sat Dec 10, 2011 1:43 pm Post subject: |
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Thakur, plz go to starting pages that will clear ur doubts. Thanx.
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DEWGH White Belt
Joined: 20 Feb 2011 Posts: 119
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #150 Posted: Sat Dec 10, 2011 2:56 pm Post subject: |
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Dewgh, it will be refreshed manually. But there is a set of procedures, which should be added, then it will refresh automatically. You can find these steps in the thread nvk setup by saikat in initial pages. But i dont do these steps. I use the same chart provided by another web site and that is auto refreshed. I cant provide name as forum rules will b violated. Just google 'nifty live chart' . U will definitely find a suitable one. Thanx.
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