iCharts Discussions

[sonila]

RAHUL,AARCEEKODURI,
Regarding 3rd Trade,
plz look again at ichart spot nifty chart with 5-min tf with 20-ema with psar.It clearly shows the candle that closed at 12.35 was clearly above 20-ema line and at that time psar was below cmp, so i entered long.

[Nilay]

What abt 4th trade?

[sonila]

RAHUL,AARCEEKODURI,
Regarding 4th trade,psar was below cmp upto 1.20pm, but from 1.20.01-min psar started to remain above cmp.so i entered short at 1.21.11

ONCE AGAIN
I am stating that
1)for ema crossover, nf chart, 3-min tf, ema3,15 cross over
2) for confirmation, spot nifty chart, 5-min tf, psar, 20-ema

[DEWGH]

Hi Sonila,

I am seeing the candle closing at 12:35 below 20 EMA in ICHART SPOT.

[sonila]

Regarding 1st and 2nd trade.....plz once again check the charts.
o.k. thanx all.

[sonila]

DEWGH,
I m helpless, what i can do, as my ichart spot nifty showing me at 12.35 the candle closed clearly above 20-ema.

[DEWGH]

Sonila,

Take it easy.

Out of 160 pts if I could make 100 pts at least will be sufficient for me

[DEWGH]

sorry 100 out of 180

[EMAMIT]

Dear Sonila,

What I observed through charts available with this website i.e. www.icharts.in is not reflected in trades mentioned by you. Reasons better known to you only.

I observed following trades in NIFTY FUTURES – 1M on 14th December, 2011

Trade 1 –
EMA3 x EMA15 crossover (bullish) happened at 9:45 (3 Min TF NF)
PARSAR & EMA20 both below (buy confirmed) (5 Min TF NS)
Buy @ 4811 (Open of 9:48 Bar 3 Min TF)
Book 1st lot at 4826 (Profit +15)
NF made high of 4836.95 as per chart and 4837 as per terminal and reversed.
EMA3 x EMA15 crossover (bearish) happened at 11:00 candle (Exit 2nd lot at 4820 at open of 11:03 candle on 3 Min TF) (Profit +9, Total Profit +24)

Trade 2 –
Another EMA 3 x EMA15 crossover (bullish) happened at 11:10 (3 Min TF NF) but PARSAR & EMA20 on 5 Min TF NS confirmed it only after 11:15 candle.
Buy @ 4827 (Open of 11:17 Bar open 3 Min TF NF)
Book 1st Lot at 4842 (Profit +15, Total Profit +39)
NF made high of 4846.80 as per chart and 4847 as per terminal and reversed.
EMA3 x EMA15 crossover (bearish) happened at 11:51 Bar (3 Min TF NF)
Book 2nd Lot at 4810 (Open of 11:54 Bar 3 Min TF NF) (Profit -17, Total Profit +22)

Trade 3 –
EMA3 x EMA15 crossover (bearish) happened at 11:51 Bar (3 Min TF NF)
PARSAR & EMA20 on 5 Min TF NS confirmed only after 11:55
Sell @ 4814 (Approximate)
Book 1st Lot at 4799 (Profit +15, Total Profit +37)
Book 2nd Lot at 4784 (Profit +30, Total Profit +67)

Trade 4 –
EMA3 x EMA15 crossover (bullish) happened at 12:36 Bar (3 Min TF NF)
PARSAR & EMA20 on 5 Min TF NS confirmed only after 12:40 Bar
Buy @ 4817 (Open 12:45 Bar 5 Min TF NF)
Book 1st Lot at 4832 (Profit +15, Total Profit +82)
NF made high of 4834 and reversed
EMA3 x EMA15 crossover (bearish) happened at 13:18 Bar (3 Min TF NF)
Book 2nd Lot at 4812 (Profit -5, Total Profit +77)

Trade 5 –
EMA3 x EMA15 crossover (bearish) happened at 13:18 bar (3 Min TF NF)
PARSAR & EMA20 on 5 Min TF NS confirmed only after 13:30 bar
Sell @ 4794 (Open 13:33 bar 3 Min TF NF)
NF made low of 4783 and reversed
EMA3 x EMA15 crossover (bullish) happened at 13:51 bar
Book 1st & 2nd Lot at 4814 (Open 13:52 bar 3 Min TF NF)
(Profit -40, Total Profit +37)

Trade 6 –
EMA3 x EMA15 crossover (bullish) happened at 13:51 as above, but not confirmed by PARSAR and EMA20; hence EMA3 x EMA15 crossover (bearish) happened at 13:57 bar taken which is also confirmed by PARSAR and EMA20 on 5 Min TF NS
Sell @ 4800 (Open 14:00 bar 3 Min TF NF)
EMA3 x EMA15 crossover (bullish) happened at 14:06 bar 3 Min TF NF
Book 1st & 2nd Lot at 4805 (Open 14:09 bar 3 Min TF NF)
(Profit -10, Total Profit +27)

Trade 7 –
EMA3 x EMA15 crossover (bearish) again happened at 14:15 bar (3 Min TF NF)
PARSAR and EMA20 on 5 Min TF NS also confirmed
Sell @ 4800 (Open 14:18 bar 3 Min TF NF)
Book 1st Lot at 4785 (Profit +15, Total Profit +42)
Book 2nd Lot at 4770 (Profit +30, Total Profit +72)

Now come to actual profit calculation –
Profit for the day = 72 x 50 = Rupees 3600/-
Normal brokerage (not through RKG or ZERONDA) are around Rupees 125/- to 150/- per lot of NIFTY (both sides all including) so per trade brokerage is around Rupees 260/- (for 2 lots) and for 7 trades that comes to around Rupees 1820/-
So Net Profit comes to Rupees 1780/-

We are paying 51% of our gross profit for expenses, so I must question whether we are trading for ourselves or for intermediaries?

Per Trade Profit is just around Rupees 250/- which is not justified considering the stress level of intraday trading

But I must say that still strategy is making profit for you (however small they are) one can continue with the strategy

I request you to please don’t mind and correct me if I am wrong

Regards…

[Rahulsharmaat]

Chart attached for trade no 3--- and trade no 4--

in both charts-- condition is not fulfiled

[Rahulsharmaat]

Trade no 4

[sonila]

EMAMIT,
I m gettig really irritated gradually with this type of silly questions,any how going to answer for last time...i m deciding not to post any more trade, i have mentioned the method and that is giving me very good results....but i cant explain to all one by one.


Regarding ur query,i will clarify trade.1
I think u have not read the method properly.
Entry point ok.
1st profit booking point ok.
But why exit 2nd lot @ 11.00am ???
Only because of ema3 crossing down ema15 ???
Then what is the use ofconfirmation.....that point u have not applied....at that point,...nifty spot has not given any candle close below 20-ema....so one should not exit at that point...

HOPE I M CLEAR
PLZ GO THROUGH THE METHOD AT THE START AGAIN.....PLZ
THANX.

[EMAMIT]

Hi Sonila

I already said please don't mind. And also said that as long as it is giving profits its good.

Will check and get back again

[EMAMIT]

Hi Rahul

Will revert back to you with charts

[kamal.icharts]

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