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MTT System Discussion - Sep 2011 |
SwingTrader
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Post: #106  Posted: Thu Aug 25, 2011 10:44 am Post subject: |
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I wanted to discuss this later but....here it is....here is what you can do to get a faster signal. The current move is a very good example for this. The trend on HTF changed to down at 10:30. At that point onwards if we wait for pullback it may be too late as we are seeing now, still no pullback. Instead of this I look for a break of a recent short-term swing low to short. The swing low was 4873 (10:20 AM bar), once this was broken on LTF it was good to go short.
Look at the previous charts or on other days and you will see that this gets one into the trade quicker many times (sometimes gets into a trade when one is not there too  so one has to be careful but it is a good idea to keep in the mind).
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SwingTrader
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| Post: #107 Posted: Thu Aug 25, 2011 10:53 am Post subject: |
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Here is the entry I was talking about below....this is a high risk idea for traders who can manage to grab profits when they are available.
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Srikanth Kurdukar
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vinay28
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| Post: #108 Posted: Thu Aug 25, 2011 10:55 am Post subject: |
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| ST, when would be sure that NF has reversed from Bear for good?
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jjm
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| Post: #109 Posted: Thu Aug 25, 2011 10:58 am Post subject: Re: some questions for you jjm --- plz answer |
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| varun_alld wrote: | hyi jjm / ST Sir
I am also trying to understand this MTT system
i think the 9:59:59 candle in 5 minut timeframe had already hit SL of 4883
the cross over happened at 10:04:59 candle
am i correct ?? if possible can u please upload a chart on this???
regards,
varun  |
Hi
charts will be posted post market..
Keep tracking...
Regards,
JJM
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SwingTrader
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| Post: #110 Posted: Thu Aug 25, 2011 11:02 am Post subject: |
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| vinay28 wrote: | | ST, when would be sure that NF has reversed from Bear for good? |
Vinay,
You mean in terms of intraday or you are talking about daily/weekly long-term trend?
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vinay28
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| Post: #111 Posted: Thu Aug 25, 2011 11:03 am Post subject: |
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| Intraday dear
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varun_alld
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| Post: #112 Posted: Thu Aug 25, 2011 11:04 am Post subject: |
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| SwingTrader wrote: | | jjm wrote: | Dear All
1st trade
Reversal one being STS OS, wma closed above sma ..stopped out as wma closed below sma
entry 4894..ISL : 4883..stopped out @ 4884
Stji as usual if any correction, suggestion
Regards,
JJM |
Your numbers are correct but the trade trigger was based on CCI on LTF (not on STS) and stop out was due to price closing below the ISL (swing low) (not on wma closing below SMA).
The stop out is due to the fact that trend on 15 mins chart is down (but WMA/SMA is not yet indicating it). We will discuss more in the near future on how to resolve this discrepancy to get better trades. |
Dear ST Sir,
you are saying that the trade trigger was based on CCI on LTF but for this condition the WMA on HTF needs to be above SMA in HTF --- then only this CCI trigger comes into picture --- am i correct ?? and the HTF thing happenned at the close of 9:30 candle (9:44:59) ---
we should now look for a CCI trigger after 9:45AM ?? am i correct plz help
St sir can u please mention the time of that candle when the CCI trigger happened ??
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jjm
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| Post: #113 Posted: Thu Aug 25, 2011 11:06 am Post subject: |
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| SwingTrader wrote: | | jjm wrote: | Dear All
1st trade
Reversal one being STS OS, wma closed above sma ..stopped out as wma closed below sma
entry 4894..ISL : 4883..stopped out @ 4884
Stji as usual if any correction, suggestion
Regards,
JJM |
Your numbers are correct but the trade trigger was based on CCI on LTF (not on STS) and stop out was due to price closing below the ISL (swing low) (not on wma closing below SMA).
The stop out is due to the fact that trend on 15 mins chart is down (but WMA/SMA is not yet indicating it). We will discuss more in the near future on how to resolve this discrepancy to get better trades. |
Dear STji,
The trade trigger was due to wma closed above sma in LTF when we have STS OS is not it?
You said CCI ,,got little confused
Regards,
JJM
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varun_alld
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| Post: #114 Posted: Thu Aug 25, 2011 11:08 am Post subject: Re: some questions for you jjm --- plz answer |
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| jjm wrote: | | varun_alld wrote: | hyi jjm / ST Sir
I am also trying to understand this MTT system
i think the 9:59:59 candle in 5 minut timeframe had already hit SL of 4883
the cross over happened at 10:04:59 candle
am i correct ?? if possible can u please upload a chart on this???
regards,
varun |
Hi
charts will be posted post market..
Keep tracking...
Regards,
JJM |
thanks for replying JJM
i will also try to post the charts and i think the first reversal trade that you had mentioned earlier was correct --- as per the MTT rules --- lets see what ST sir says.... 
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SwingTrader
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| Post: #115 Posted: Thu Aug 25, 2011 11:12 am Post subject: |
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| vinay28 wrote: | | Intraday dear |
Currently STS on HTF is oversold. So I am monitoring the LTF chart. Once a swing high (which is above both WMA & SMA) is broken to the upside it is a long reversal trigger.
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SwingTrader
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| Post: #116 Posted: Thu Aug 25, 2011 11:16 am Post subject: |
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| jjm wrote: |
Dear STji,
The trade trigger was due to wma closed above sma in LTF when we have STS OS is not it?
You said CCI ,,got little confused
Regards,
JJM |
I said that because I usually avoid reversals near market open (I had mentioned it y'day or day-before. But it is fine, strictly speaking according to the rules what you said is correct.
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SwingTrader
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| Post: #117 Posted: Thu Aug 25, 2011 11:19 am Post subject: |
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| varun_alld wrote: |
Dear ST Sir,
you are saying that the trade trigger was based on CCI on LTF but for this condition the WMA on HTF needs to be above SMA in HTF --- then only this CCI trigger comes into picture --- am i correct ?? and the HTF thing happenned at the close of 9:30 candle (9:44:59) ---
we should now look for a CCI trigger after 9:45AM ?? am i correct plz help
St sir can u please mention the time of that candle when the CCI trigger happened ?? |
Varun,
You are right, WMA crossed above SMA only at 9:45 which is exactly when CCI signal was triggered. I think this trade should have been avoided. JJM's trade was probably correct (if one ignores the rule for avoiding STS reversals around market open).
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varun_alld
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| Post: #118 Posted: Thu Aug 25, 2011 11:20 am Post subject: thanks St Sir |
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| SwingTrader wrote: | | jjm wrote: |
Dear STji,
The trade trigger was due to wma closed above sma in LTF when we have STS OS is not it?
You said CCI ,,got little confused
Regards,
JJM |
I said that because I usually avoid reversals near market open (I had mentioned it y'day or day-before. But it is fine, strictly speaking according to the rules what you said is correct. |
Thanks for replying ST Sir,
i got your point --- do you avoid reversals near market open because of gap up or gap down openings..... ????
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varun_alld
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| Post: #119 Posted: Thu Aug 25, 2011 11:26 am Post subject: |
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| SwingTrader wrote: | | varun_alld wrote: |
Dear ST Sir,
you are saying that the trade trigger was based on CCI on LTF but for this condition the WMA on HTF needs to be above SMA in HTF --- then only this CCI trigger comes into picture --- am i correct ?? and the HTF thing happenned at the close of 9:30 candle (9:44:59) ---
we should now look for a CCI trigger after 9:45AM ?? am i correct plz help
St sir can u please mention the time of that candle when the CCI trigger happened ?? |
Varun,
You are right, WMA crossed above SMA only at 9:45 which is exactly when CCI signal was triggered. I think this trade should have been avoided. JJM's trade was probably correct (if one ignores the rule for avoiding STS reversals around market open). |
Thanks ST sir,
the only thing that confused me was "you had told jjm that your numbers are right" -- beacuse at 9:45 am nifty was at 4899.35 and it was not on 4894.35 --- that got me confused --- i thought that i was missing out on something --- sorry my fault 
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SwingTrader
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| Post: #120 Posted: Thu Aug 25, 2011 11:28 am Post subject: Re: thanks St Sir |
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| varun_alld wrote: |
Thanks for replying ST Sir,
i got your point --- do you avoid reversals near market open because of gap up or gap down openings..... ???? |
CCI long signal trigger I was referring to was 9:45 bar (CCI had fallen to -100 and at 9:45 bar close it closed above 0).
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