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MTT System Discussion - Sep 2011 |
jjm
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Posts: 411
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Post: #361  Posted: Wed Sep 07, 2011 3:09 pm Post subject: |
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Avoid trade being very less time left for the day..those who can afford gap up opening ..may consider to initiate and hold position for tomorrow
for me day over..decided no new trade beyond 14.30 - 45
JJM |
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #362 Posted: Wed Sep 07, 2011 3:21 pm Post subject: |
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| s.. totally agree with jjm sir. regular short triggered just now, but v cud not afford to enter now unless u can carry |
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nsk1371
White Belt
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| Post: #363 Posted: Wed Sep 07, 2011 3:39 pm Post subject: my trades |
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regular long 9.55 bar 5090 ( i plcd sl @ 5077, so my isl did not trig) closed @ 5136.60.. @ 1.40 = profit 46 points
reversal short 2.50 @ 5116 covered 3.20 bar @ 5122= loss 6 points ( i shd hav stayed away like jjm sir )
in total = profit 40 points..
st sir, is there any special rules to carry the trade.. |
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gambletrader
White Belt
Joined: 24 Feb 2011
Posts: 27
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| Post: #364 Posted: Wed Sep 07, 2011 4:36 pm Post subject: Re: think the messg blw has cleared |
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| nsk1371 wrote: | | vinay28 wrote: | | nsk, go short below 5088 or 5081? |
sir,
reversal short rule in mtt system ..( copied and pasted from the rules)
FOR REVERSAL SHORT TRADES (one of the below, whichever is earlier):
1. Let WMA close below SMA.
2. A close below the most recent swing low that is below both moving averages OR if the swing low is not below both moving averages then the close of the bar that breaks the swing low must be below both moving averages.
so as per this v can short blw 90 but that bar has to close blw mov. avg and mvg avg cross over has to b in place.. |
ST Sir,
I had asked you a similar question two days back. And I am still confused. For fresh reversal trades WMA Sma crossover or swing break anything can be used whichever occurs earlier or do we need to wait for both to happen. I just wanted to know whether my interpretation of the rule is any one condition should be a trigger. ( I fully understand that when we are already in a trade for TSL and reversal we can wait for swing to be taken and not to jump out on cross over) But for fresh positions need your advice.
Sorry to bother you again and reply whenever you are free.
Thanks in advance,
Kishore |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #365 Posted: Wed Sep 07, 2011 5:50 pm Post subject: |
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vkisho,
One of the two conditions (wma/sma crossover or break of swing high/low) is enough. BUT when one is already in a trade break of swing high/low is necessary.
I think this differentiation is not clear in the trading rules, I will modify the rules to reflect this.
Thanks.
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Srikanth Kurdukar
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #366 Posted: Wed Sep 07, 2011 5:52 pm Post subject: Re: my trades |
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| nsk1371 wrote: | regular long 9.55 bar 5090 ( i plcd sl @ 5077, so my isl did not trig) closed @ 5136.60.. @ 1.40 = profit 46 points
reversal short 2.50 @ 5116 covered 3.20 bar @ 5122= loss 6 points ( i shd hav stayed away like jjm sir )
in total = profit 40 points..
st sir, is there any special rules to carry the trade.. |
Good work!!!
Yeah, it is not advisable to take late trades especially after 2:45 or so as we near the profit taking / intraday position closing time.
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Srikanth Kurdukar
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #367 Posted: Thu Sep 08, 2011 9:28 am Post subject: regular short |
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| regular short trig in 1st bar close itself.. sl wud b hi+2 |
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SwingTrader
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Posts: 2903
Location: Hyderabad, India
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| Post: #368 Posted: Thu Sep 08, 2011 9:45 am Post subject: |
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STS on HTF is OS. Keep an eye on the LTF for reversal long...
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Srikanth Kurdukar
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #369 Posted: Thu Sep 08, 2011 10:02 am Post subject: |
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I might be busy today, will post as and when I can....may not post as signals are received...
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Srikanth Kurdukar
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #370 Posted: Thu Sep 08, 2011 10:04 am Post subject: |
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| thanks ST. hope nsk or jjm will post along with values |
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #371 Posted: Thu Sep 08, 2011 10:09 am Post subject: sl for reversal long |
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| sl for reversal long is 5088 |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #372 Posted: Thu Sep 08, 2011 10:17 am Post subject: |
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TSL for regular long @ 5103 10.10 bar
JJM |
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nsk1371
White Belt
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Posts: 226
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| Post: #373 Posted: Thu Sep 08, 2011 10:18 am Post subject: regular long trig |
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 same pinch.. regular long trig in htf. 10.15 bar |
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nsk1371
White Belt
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Posts: 226
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| Post: #374 Posted: Thu Sep 08, 2011 10:55 am Post subject: revised sl |
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| revise sl to 5114.40 |
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #375 Posted: Thu Sep 08, 2011 10:59 am Post subject: |
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| if this long reversal trade gets negated this wud automaticaly trigger short |
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