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MTT System Discussion - Sep 2011 |
nsk1371
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Post: #211  Posted: Fri Sep 02, 2011 11:57 am Post subject: another regular long? |
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| st sir, tsl hit 11.45 bar , but cci closed above 0 in 11.45 bar .. can this b taken as another regular long entry ( moving averages in htf is still bullish and sts is some where around 57 only in 11.45 bar ) with sl of 2 points below the 11.40 bar |
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SwingTrader
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| Post: #212 Posted: Fri Sep 02, 2011 11:58 am Post subject: |
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| vinay28 wrote: | Dear ST
Pl indicate levels in your comments. Not S to R but e.g. prior swing low, etc. |
Oh! forgot again....will try and remember for future posts.
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Srikanth Kurdukar
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SwingTrader
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| Post: #213 Posted: Fri Sep 02, 2011 11:58 am Post subject: |
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| satishboda wrote: | | can we enter a long trade once again at CCI long trigger... |
Yes, you can but watch the position more carefully as the risk is now more.
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Srikanth Kurdukar
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SwingTrader
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| Post: #214 Posted: Fri Sep 02, 2011 12:00 pm Post subject: Re: another regular long? |
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| nsk1371 wrote: | | st sir, tsl hit 11.45 bar , but cci closed above 0 in 11.45 bar .. can this b taken as another regular long entry ( moving averages in htf is still bullish and sts is some where around 57 only in 11.45 bar ) with sl of 2 points below the 11.40 bar |
Yes, any regular long signals are still valid....the risk is just a bit more has we are midway through the trend.
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Srikanth Kurdukar
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nsk1371
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| Post: #215 Posted: Fri Sep 02, 2011 12:01 pm Post subject: Re: another regular long? |
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| nsk1371 wrote: | | st sir, tsl hit 11.45 bar , but cci closed above 0 in 11.45 bar .. can this b taken as another regular long entry ( moving averages in htf is still bullish and sts is some where around 57 only in 11.45 bar ) with sl of 2 points below the 11.40 bar |
sorry tsl hit @ 11.40 and cci closed above 0 in 11.45.. i did not take entry, but just asked for confirmations |
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jjm
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| Post: #216 Posted: Fri Sep 02, 2011 12:08 pm Post subject: |
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| SwingTrader wrote: | | TSL hit but reversal short NOT triggered (it requires a close below the prior swing low which did not happen yet). |
Dear St,
I believed once you suggested a bar close below TSL
So my TSL is not yet triggered
Regards,
JJM |
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satishboda
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| Post: #217 Posted: Fri Sep 02, 2011 12:22 pm Post subject: |
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| on LTF, there is a -WMA cross over.. next, do we wait for CCI trigger to go short...?? |
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SwingTrader
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| Post: #218 Posted: Fri Sep 02, 2011 12:32 pm Post subject: |
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| jjm wrote: | | SwingTrader wrote: | | TSL hit but reversal short NOT triggered (it requires a close below the prior swing low which did not happen yet). |
Dear St,
I believed once you suggested a bar close below TSL
So my TSL is not yet triggered
Regards,
JJM |
Yes, I strongly feel a bar close below TSL is better. I posted the tsl break as per the system rules. I will review the rules after few more days of watching...I am also studying previous charts to get a better feel on this issue.
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Srikanth Kurdukar
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SwingTrader
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| Post: #219 Posted: Fri Sep 02, 2011 12:35 pm Post subject: |
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| satishboda wrote: | | on LTF, there is a -WMA cross over.. next, do we wait for CCI trigger to go short...?? |
To take regular short HTF has to be bearish (on HTF WMA must be below SMA which has not happened yet).
If you are not long then LTF has given a reversal short trigger. Those who are long will have to wait for a break of most recent swing low to go short.
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Srikanth Kurdukar
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nsk1371
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| Post: #220 Posted: Fri Sep 02, 2011 12:38 pm Post subject: plz. correct if wrong. |
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| satishboda wrote: | | on LTF, there is a -WMA cross over.. next, do we wait for CCI trigger to go short...?? |
cci trigger is only for regular trades.. ( moving avg in htf. shd cross over). for reversal trades v need to close blw the recent swing low currerntly 12.10 low |
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SwingTrader
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| Post: #221 Posted: Fri Sep 02, 2011 12:49 pm Post subject: Re: plz. correct if wrong. |
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| nsk1371 wrote: | | satishboda wrote: | | on LTF, there is a -WMA cross over.. next, do we wait for CCI trigger to go short...?? |
cci trigger is only for regular trades.. ( moving avg in htf. shd cross over). for reversal trades v need to close blw the recent swing low currerntly 12.10 low |
Kindly go through the system rules given here : http://www.icharts.in/forum/viewtopic,p,30093.html#30093 it will clear your doubts.
Yes, CCI trigger is only for regular trades (these trades are taken in the direction indicated by HTF - WMA/SMA trend indication).
Reversal trades are taken when WMA/SMA crossover on LTF but if one is already in a trade then one has to wait for a break of swing high/low to take the trade.
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Srikanth Kurdukar
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jjm
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| Post: #222 Posted: Fri Sep 02, 2011 12:49 pm Post subject: |
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Reversal Short triggered as bar closed below swing low
For regular short we got -ve cross over of wma to sma in HTF ..so one can wait for CCI in LTF to cross + 100 and then below 0 to initiate regular short
Regards,
JJM |
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jjm
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| Post: #223 Posted: Fri Sep 02, 2011 2:02 pm Post subject: |
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Dear STji,
When we do not get 3 bar pivots, can we consider 2 bar piovts,
How to trail SL ..if we get V shape recovery STS in HTF is too OS
Regards,
JJM |
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jjm
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| Post: #224 Posted: Fri Sep 02, 2011 2:27 pm Post subject: |
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Dear All
Reversal Short negated as in LTF we got a CC above Both WMa & SMA..
However we do not have a close above Swing high..SO need to be careful with shorts
Regards,
JJM |
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jjm
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| Post: #225 Posted: Fri Sep 02, 2011 2:51 pm Post subject: |
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Longs TSL below 14.35 bar ie. 5000 in LTF
This is reversal long we can say or the short that got negated is automatically long
JJM |
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