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KDJ Strategy |
Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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Post: #46  Posted: Fri Aug 03, 2012 2:39 pm Post subject: |
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Sonila its 30 m TF-- so short was at 5183--- now long is at 5213
so loss of 30 point as stop loss now long at 5213
if its 15 min in that case short was at 5206 gain 25 points
long at 5188-- gain 25 points done
now short at 5218----
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #47 Posted: Fri Aug 03, 2012 2:53 pm Post subject: |
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Sonila its 30 m TF-- so short was at 5183--- now long is at 5213
so loss of 30 point as stop loss now long at 5213
long at 5213-- booked at 5238--- gain 25
net loss today 5 points and brokarage
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #48 Posted: Fri Aug 03, 2012 3:01 pm Post subject: |
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KDJ is good for intraday and trade should not be carried to next day. Trade should be closed on the same day.
Target should be only 25-30 points.
Attached today's KDJ chart.
Pls ignore the earlier chart.... Thanks Rahul for informing
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Last edited by shahrachit on Fri Aug 03, 2012 3:47 pm; edited 1 time in total |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #49 Posted: Fri Aug 03, 2012 3:12 pm Post subject: |
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| what chart is this--- as u pointing short at 5228-- where as Spot high till now is 5220--
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #50 Posted: Fri Aug 03, 2012 3:47 pm Post subject: |
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| Rahulsharmaat wrote: | | what chart is this--- as u pointing short at 5228-- where as Spot high till now is 5220-- |
Thanks Rahul for the observation.... the chart is updated below
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #51 Posted: Sat Aug 04, 2012 4:46 pm Post subject: |
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Now coming back to the theory posted here----
Its almost impossible to trade in future seeing spot chart
So no use of updating n posting spot chart here
Reason:
1} Premium n discount diff--
2} what in case of stop loss or target-- now suppose stop loss is 25 points-- nifty bought and kept 25 points stop loss--seeing spot level--due to change in premium stop loss hit in future where as stop loss in spot is protected-- what to do in this case -- so not practical
Stratergy is not good if 25 points are booked and 30 point stop loss kept-- now if anyone is happy with 100 --125 points in a month then its ok
Further there are atleast 10--12 trades in last june and early july--where were all in loss--- so can anyone stick to this --after so many trades in loss-- Nop no one can
i have well back tested it after buying Nifty data from data provider for 6 months-- and result is in hand--
target as well stop loss is there --as well monthly gain
anyone interested can ask me here
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #52 Posted: Mon Aug 06, 2012 10:57 am Post subject: |
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| Rahulsharmaat wrote: | Now coming back to the theory posted here----
Its almost impossible to trade in future seeing spot chart
So no use of updating n posting spot chart here
Reason:
1} Premium n discount diff--
2} what in case of stop loss or target-- now suppose stop loss is 25 points-- nifty bought and kept 25 points stop loss--seeing spot level--due to change in premium stop loss hit in future where as stop loss in spot is protected-- what to do in this case -- so not practical
Stratergy is not good if 25 points are booked and 30 point stop loss kept-- now if anyone is happy with 100 --125 points in a month then its ok
Further there are atleast 10--12 trades in last june and early july--where were all in loss--- so can anyone stick to this --after so many trades in loss-- Nop no one can
i have well back tested it after buying Nifty data from data provider for 6 months-- and result is in hand--
target as well stop loss is there --as well monthly gain
anyone interested can ask me here
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Thanks Rahul for your in depth research.
I just posted my observations on the forum to get a view from a senior like you and one who can back test it.
So as per your research, the strategy is not worth applying.
So is there any way by which the forum can be deleted ?
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #53 Posted: Mon Aug 06, 2012 11:01 am Post subject: |
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| shahrachit: how about using NF, instead of NS, and posting that, after back testing? if it works can be valuable tool for profitable trading. regards, prakash holla
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #54 Posted: Mon Aug 06, 2012 11:04 am Post subject: |
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| pkholla wrote: | | shahrachit: how about using NF, instead of NS, and posting that, after back testing? if it works can be valuable tool for profitable trading. regards, prakash holla |
Prakash: I don't have any professional software or iCharts premium. So cannot back test it. Sorry.
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #55 Posted: Mon Aug 06, 2012 11:08 am Post subject: |
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| shahrachit: I use only ICharts charting SW and they dont have KDJ. They are not going to introduce. Perhaps on week end we can try some charting service thru google search. regards, prakash holla
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #56 Posted: Mon Aug 06, 2012 11:16 am Post subject: |
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| pkholla wrote: | | shahrachit: I use only ICharts charting SW and they dont have KDJ. They are not going to introduce. Perhaps on week end we can try some charting service thru google search. regards, prakash holla |
Prakash: If it can be done; it shall be really good. Thanks
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #57 Posted: Mon Aug 06, 2012 11:56 am Post subject: |
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| kdj is going to give a SELL.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #58 Posted: Mon Aug 06, 2012 12:02 pm Post subject: |
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| KDJ BUY is still continuing from fri day.
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #59 Posted: Mon Aug 06, 2012 1:09 pm Post subject: |
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| kdj gave a sell @ 5288 @ 1.06 pm
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #60 Posted: Mon Aug 06, 2012 1:59 pm Post subject: |
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| Quote: | Thanks Rahul for your in depth research.
I just posted my observations on the forum to get a view from a senior like you and one who can back test it.
So as per your research, the strategy is not worth applying.
So is there any way by which the forum can be deleted ? |
I never said its not good--- what i have said if trades are done in future--follow future charts--
One will have to carry positional if one wants good returns-- in trading market-- consolidation--rally or fall--- gap up or gap down
1} entry is 5 points filter above candle high--- stop loss 30 points-- target 50 points-- TSL at cost after 35 points gain
this will give u net return 250--275 points monthly
now its ur wish--to trade or not
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