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kommall15
White Belt
Joined: 20 Feb 2009
Posts: 65
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Post: #1846  Posted: Thu Nov 28, 2013 12:21 pm Post subject: |
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Respected Sir,
On 20 November it has given a sell signal at 129.5 and again it has been reversed at 131. I think there is loss of 1.50 points. But it is not mentioned here??
Am I right?? Can u clear this doubt?
Thanks and regards,
Mr. Kommall
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gopal_1438
White Belt
Joined: 24 Feb 2013
Posts: 223
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| Post: #1847 Posted: Thu Nov 28, 2013 12:27 pm Post subject: |
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Position is to be reversed only after changing the trend color first candle close low is broken...m i right Rohanbhai?
1st candle low was 129.3 lead did not brake it so long was continued..
Any way very bad month for me as i work with One lot.
Rohanbhai any modification or strategy or continue with same?
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rohan.sharma
Yellow Belt
Joined: 16 Oct 2012
Posts: 856
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| Post: #1848 Posted: Thu Nov 28, 2013 12:44 pm Post subject: |
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| kommall15 wrote: | Respected Sir,
On 20 November it has given a sell signal at 129.5 and again it has been reversed at 131. I think there is loss of 1.50 points. But it is not mentioned here??
Am I right?? Can u clear this doubt?
Thanks and regards,
Mr. Kommall |
As Gopal mentioned, we need to wait wait for confirmation of the signal. Here after the signal there was not candle closing below the signal candle this signal is not valid one..
| rohan.sharma wrote: | This strategy has only Buy and Sell. No initial SL method incorporated. Simply if Super Trend Shows Buy (i.e. displays Red color), then BUY. If it shows Sell (i.e. displays Green Color), then SELL.
BUY SIGNAL:
Buy when price moves above Super-Trend (i.e. shows Red color). If you want, take double confirmation with EMA(64) above the prices on 30 min charts.
SELL SIGNAL:
Sell when price moves below Super-Trend (i.e. shows Green color). If you want take double confirmation with EMA(64)below the prices on 30 min charts.
Rules : wait for high or low to be taken out of first candle during gap against the position.
No trades on Saturday( any how trading has been closed on sat)
wait for closing of 2nd candle to close above/previous the pre. candle closing
Profit Booking
I usually trade2 lots book 1 lot @ .30 paisa for metals and crude it from 25 point to 40 points depending on ATR and carry other lot till iget reversal.. |
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1849 Posted: Thu Nov 28, 2013 12:48 pm Post subject: |
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| gopal_1438 wrote: | Position is to be reversed only after changing the trend color first candle close low is broken...m i right Rohanbhai?
1st candle low was 129.3 lead did not brake it so long was continued..
Any way very bad month for me as i work with One lot.
Rohanbhai any modification or strategy or continue with same? |
same wth me gopal bhai working with one lot of lead! while following this strategy i saw one think even during whips lead can give more than 1rs if we book it will be great!! well i am novice trader just started trading few months back!! rohan sir ur suggestion><?it gives another chance for reentry!!!
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rohan.sharma
Yellow Belt
Joined: 16 Oct 2012
Posts: 856
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| Post: #1850 Posted: Thu Nov 28, 2013 12:51 pm Post subject: |
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| gopal_1438 wrote: | Position is to be reversed only after changing the trend color first candle close low is broken...m i right Rohanbhai?
1st candle low was 129.3 lead did not brake it so long was continued..
Any way very bad month for me as i work with One lot.
Rohanbhai any modification or strategy or continue with same? |
Same setup Gopal annaa...Non trending moves going on, as mohit bhai you could stop trading till the picture is clear..
As any setup whichever trading setup using trending indicators could have given these whips i suppose..I read in a book, stats shows that 30% of profit could be taken during this period, But is imp to trade during this period since we would never no which trade could give us start of a new trend.. Fingers crossed of the same..
Regards,
Rohan..
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gopal_1438
White Belt
Joined: 24 Feb 2013
Posts: 223
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| Post: #1851 Posted: Thu Nov 28, 2013 12:51 pm Post subject: |
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| Yes DO407 but many times it just give you chance to book & reenter & sometimes it just fly away.
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rohan.sharma
Yellow Belt
Joined: 16 Oct 2012
Posts: 856
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| Post: #1852 Posted: Thu Nov 28, 2013 12:56 pm Post subject: |
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As gopal anna said i would be very difficult to catch the long trend.. Usually 7- 8 points trend it gives once or twice in 2 months, at that time we quit in one point, during these big moves it would be very difficult re-enter again.
What you can do is if want small trends, watch 30 min chart and take trades on 5 min chart.. If it suits you..Please backtest first..
| D0407 wrote: | | gopal_1438 wrote: | Position is to be reversed only after changing the trend color first candle close low is broken...m i right Rohanbhai?
1st candle low was 129.3 lead did not brake it so long was continued..
Any way very bad month for me as i work with One lot.
Rohanbhai any modification or strategy or continue with same? |
same wth me gopal bhai working with one lot of lead! while following this strategy i saw one think even during whips lead can give more than 1rs if we book it will be great!! well i am novice trader just started trading few months back!! rohan sir ur suggestion><?it gives another chance for reentry!!! |
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gopal_1438
White Belt
Joined: 24 Feb 2013
Posts: 223
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| Post: #1853 Posted: Thu Nov 28, 2013 12:56 pm Post subject: |
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One small(for you may be BIG) request to Rohanbhai,Mohitbhai..pls pls post status with chart in one time in morning & one time in evening so thread can be live & we get confidence.
Sometimes our thread goes in vaccum mode.
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1854 Posted: Thu Nov 28, 2013 8:21 pm Post subject: |
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| gopal_1438 wrote: | | Yes DO407 but many times it just give you chance to book & reenter & sometimes it just fly away. |
oh i see!! i will do more study in this
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1855 Posted: Thu Nov 28, 2013 8:24 pm Post subject: |
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| rohan.sharma wrote: | As gopal anna said i would be very difficult to catch the long trend.. Usually 7- 8 points trend it gives once or twice in 2 months, at that time we quit in one point, during these big moves it would be very difficult re-enter again.
What you can do is if want small trends, watch 30 min chart and take trades on 5 min chart.. If it suits you..Please backtest first..
| D0407 wrote: | | gopal_1438 wrote: | Position is to be reversed only after changing the trend color first candle close low is broken...m i right Rohanbhai?
1st candle low was 129.3 lead did not brake it so long was continued..
Any way very bad month for me as i work with One lot.
Rohanbhai any modification or strategy or continue with same? |
same wth me gopal bhai working with one lot of lead! while following this strategy i saw one think even during whips lead can give more than 1rs if we book it will be great!! well i am novice trader just started trading few months back!! rohan sir ur suggestion><?it gives another chance for reentry!!! |
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hmm..i don't think it will suit me..i am too lazy for small timrframe i mean 5min
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1856 Posted: Thu Nov 28, 2013 8:40 pm Post subject: |
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| sethu45 wrote: | | D0407 wrote: | | sethu45 wrote: | | Formation of shoulder in EOD. Intraday, forming failed so far. However above 5945 crude can jump. |
oh! i see so it failed!! thx sethu bro  |
Hi bro. It was failure y/day. itself. but see what I told y.day. and whats happening today. There is nobody in this market who knows all & everything.
thanks. |
yup!! u are right! hehehe!! nobody knowns all & everthing 
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1857 Posted: Thu Nov 28, 2013 8:50 pm Post subject: |
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| rohan sir before market closing we will shift to next contract right><???
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rohan.sharma
Yellow Belt
Joined: 16 Oct 2012
Posts: 856
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| Post: #1858 Posted: Thu Nov 28, 2013 9:04 pm Post subject: |
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| D0407 wrote: | | rohan sir before market closing we will shift to next contract right><??? |
yes i Did shift contracts...
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D0407
White Belt
Joined: 14 Jun 2013
Posts: 87
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| Post: #1859 Posted: Thu Nov 28, 2013 9:22 pm Post subject: |
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| rohan.sharma wrote: | | D0407 wrote: | | rohan sir before market closing we will shift to next contract right><??? |
yes i Did shift contracts... |
oky i will do it before closing of market
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mohitshukla2021
White Belt
Joined: 14 Feb 2012
Posts: 275
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| Post: #1860 Posted: Fri Nov 29, 2013 12:36 am Post subject: |
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Oops...I miss so much of conversation ....
was busy with bloody office and still busy 
Starting new, it is good to start with one lot...also Aluminium I found is a slow moving commodity...hence safer than others....for example...currently I am very busy with work so I am only trading Aluminium ....nothing else...and I am 100% in agreement with Rohan ....take every trade of this system becoz u will never know when a big move is starting ...already big moves r 5-6 in whole year ...u would not want to miss those...[/url]
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