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MTT System Discussion - Sep 2011 |
SwingTrader
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Post: #421  Posted: Mon Sep 12, 2011 12:13 pm Post subject: |
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sangi / jjm / vinay,
Thanks for responding 
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Srikanth Kurdukar
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SwingTrader
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| Post: #422 Posted: Mon Sep 12, 2011 12:22 pm Post subject: |
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Reversal long triggered on close above the 12:05 swing high (4934.45). ISL is 2 pts below 4925.35 (12:15 bar swing low).
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Srikanth Kurdukar
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vinay28
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| Post: #423 Posted: Mon Sep 12, 2011 12:30 pm Post subject: |
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| thanks |
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SwingTrader
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| Post: #424 Posted: Mon Sep 12, 2011 12:44 pm Post subject: |
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A close below 12:15 bar swing low (4925.35) will negate the reversal long and re-trigger the short trade.
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Srikanth Kurdukar
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vinay28
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| Post: #425 Posted: Mon Sep 12, 2011 2:10 pm Post subject: |
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| ST, did you remove your earlier post of a SL of 4913? NF broke that, went to 4901 and them what a bounceback. |
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SwingTrader
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| Post: #426 Posted: Mon Sep 12, 2011 2:26 pm Post subject: |
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| vinay28 wrote: | | ST, did you remove your earlier post of a SL of 4913? NF broke that, went to 4901 and them what a bounceback. |
No, I was busy, I didn't get time to post the revised SL (4913) was the last SL before price turned). 13:45 bar broke the SL and also triggered reversal long trade on close of the same bar (it close above the prior swing low, even though the swing low was not above moving averages the bar close itself was which satisfies the criteria).
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Srikanth Kurdukar
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vinay28
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| Post: #427 Posted: Mon Sep 12, 2011 3:06 pm Post subject: |
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busy on treadmill?  |
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SwingTrader
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| Post: #428 Posted: Tue Sep 13, 2011 10:06 am Post subject: |
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I will not be actively posting here from now. But if anyone has any doubts, let me know, I will post examples with charts and explain in detail.
I hope I have got people started on this method properly.....I will be happy to clarify further if needed.
Regards.
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Srikanth Kurdukar
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jjm
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| Post: #429 Posted: Tue Sep 13, 2011 10:22 am Post subject: |
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Stji,
Thanks for wonderful support through live posts in thread analysis for each day
Let us know once your draft and testing is through for Swing position
Regards,
JJM
WE got a bar close below both Ma's and prior swing low so reversal short is taken |
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vinay28
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| Post: #430 Posted: Tue Sep 13, 2011 10:25 am Post subject: |
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thanks ST. Hope you won't be away for long.
jjm/nsk - pl keep posting including values |
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nsk1371
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| Post: #431 Posted: Tue Sep 13, 2011 10:26 am Post subject: thanks stsir |
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| thanks for ur kind support.. sl now for reversal short is 2 points above days hi |
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jjm
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| Post: #432 Posted: Tue Sep 13, 2011 10:31 am Post subject: |
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Vinay short initiated @ 4989 with SL 5010
JJM |
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jjm
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| Post: #433 Posted: Tue Sep 13, 2011 10:46 am Post subject: |
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TSL = 5005
JJM |
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jjm
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| Post: #434 Posted: Tue Sep 13, 2011 10:56 am Post subject: |
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Today it seams to be tricky..
1st we got regular long with got stopped out ..then we got reversal short ..which got stopped out resulting in lon...
So already two SL hits...
Last trade long with ISL 4993..if this stops out no more trade ..day limit exhausted
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jjm
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| Post: #435 Posted: Tue Sep 13, 2011 11:05 am Post subject: |
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WE are @ 89 ema in 15 tf ..if needed one can book or have strict sls..once again it is steep move
Take care
JJM |
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