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MTT System Discussion - Sep 2011 |
adsingh101
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Post: #286  Posted: Tue Sep 06, 2011 11:09 am Post subject: |
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| Long triggered
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SwingTrader
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| Post: #287 Posted: Tue Sep 06, 2011 11:12 am Post subject: |
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| adsingh101 wrote: | | Long triggered |
I don't think I explained it clearly. No, long not triggered yet. We have to either get a CLOSE above the previous swing high that is above both moving averages OR WMA must close above SMA. The bar that broke the previous swing high did not close above both averages, the next bar after that closed above those averages. We will need a WMA/SMA cross or a new swing high must form and that must get broken.
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Srikanth Kurdukar
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SwingTrader
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| Post: #288 Posted: Tue Sep 06, 2011 11:19 am Post subject: |
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Explanation of what I said in my previous post...
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Srikanth Kurdukar
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adsingh101
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| Post: #289 Posted: Tue Sep 06, 2011 11:21 am Post subject: |
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| ok thanks ST Sir
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adsingh101
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| Post: #290 Posted: Tue Sep 06, 2011 11:50 am Post subject: |
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| ST Sir now Long triggered
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SwingTrader
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| Post: #291 Posted: Tue Sep 06, 2011 11:50 am Post subject: |
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Long reversal trade triggered on close of 11:50 bar, WMA on LTF has closed above SMA. ISL is 2 pts below 4934.15 (11:40 bar low).
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Srikanth Kurdukar
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SwingTrader
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| Post: #292 Posted: Tue Sep 06, 2011 12:38 pm Post subject: |
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The up move is parabolic / too steep....tighten stops as per your preference or grab profits when you see momentum fading. Moving stops in such a move and taking profits is an art  that few have or skill that takes significant experience to develop.
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Srikanth Kurdukar
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SwingTrader
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| Post: #293 Posted: Tue Sep 06, 2011 12:42 pm Post subject: |
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If NF can stay above BEAR we can see a continuation of up move. Below S1 we can go back down to test today's lows.
On HTF STS is getting OB so watchout for reversal short.
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Srikanth Kurdukar
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vinay28
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| Post: #294 Posted: Tue Sep 06, 2011 1:07 pm Post subject: |
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Thanks ST. Though I am not following your strategy (can't understand  ), I booked profit at 4990. Waiting to buy again around 4965 if it comes there. Am I right?
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nsk1371
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| Post: #295 Posted: Tue Sep 06, 2011 1:07 pm Post subject: reversal short |
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| SwingTrader wrote: | If NF can stay above BEAR we can see a continuation of up move. Below S1 we can go back down to test today's lows.
On HTF STS is getting OB so watchout for reversal short. |
v hav to close below the 5wma and 13sma in ltf, and also the cross over has to happen, if these two happens v wud close blw the 1.00 bar swing low.. for a reversal short...
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SwingTrader
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| Post: #296 Posted: Tue Sep 06, 2011 1:18 pm Post subject: |
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| vinay28 wrote: | | Thanks ST. Though I am not following your strategy (can't understand ), I booked profit at 4990. Waiting to buy again around 4965 if it comes there. Am I right? |
Yeah, as long as the moving averages on lower timeframe (LTF) don't crossover to the downside (this triggers a short reversal trade).
But take care...be careful in taking the trades that you don't understand
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Srikanth Kurdukar
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SwingTrader
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| Post: #297 Posted: Tue Sep 06, 2011 1:20 pm Post subject: Re: reversal short |
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| nsk1371 wrote: | | SwingTrader wrote: | If NF can stay above BEAR we can see a continuation of up move. Below S1 we can go back down to test today's lows.
On HTF STS is getting OB so watchout for reversal short. |
v hav to close below the 5wma and 13sma in ltf, and also the cross over has to happen, if these two happens v wud close blw the 1.00 bar swing low.. for a reversal short... |
Yeah, either the WMA/SMA crossover on LTF OR break of 1:00 PM swing low bar will trigger the short reversal trade.
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Srikanth Kurdukar
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SwingTrader
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| Post: #298 Posted: Tue Sep 06, 2011 1:21 pm Post subject: |
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Take care...good luck! I will not be posting until after market hours.
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Srikanth Kurdukar
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vinay28
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| Post: #299 Posted: Tue Sep 06, 2011 1:26 pm Post subject: |
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| Thanks ST. That's why my persistent request to you to post values with your comments. Then only I can relate when you talk about buy/sell signals or reversals
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satishboda
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| Post: #300 Posted: Tue Sep 06, 2011 1:58 pm Post subject: |
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| Dear ST... Does this strategy work for commodities viz. gold, silver. What TF and tweaking of indicators is required for gold & silver...
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