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MTT System Discussion - Sep 2011 |
Padkondu
White Belt
Joined: 23 Jan 2008
Posts: 120
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Post: #451  Posted: Wed Sep 14, 2011 11:35 am Post subject: MTT Strategy - for swing trading. |
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Dear ST.
Please start a new thread for discussing the MTT system for swing trading, as it shall not be a disturbance here, since most of the users in this thread are day traders. I understand the burden on you - we can discuss only after market hours in that thread.
regards
padkondu |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #452 Posted: Wed Sep 14, 2011 1:40 pm Post subject: |
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| This thread has suddenly gone conspicuously quiet? |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #453 Posted: Wed Sep 14, 2011 1:57 pm Post subject: |
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| vinay28 wrote: | | This thread has suddenly gone conspicuously quiet? |
As I said y'day I will not be able to post regularly. If you have any doubts I will clarify.
_________________
Srikanth Kurdukar
@SwingTrader |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #454 Posted: Wed Sep 14, 2011 3:22 pm Post subject: |
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| not you ST. Even jjm and nsk are quiet |
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #455 Posted: Fri Sep 16, 2011 8:39 am Post subject: Re: MTT Strategy - for swing trading. |
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| Padkondu wrote: | Dear ST.
Please start a new thread for discussing the MTT system for swing trading, as it shall not be a disturbance here, since most of the users in this thread are day traders. I understand the burden on you - we can discuss only after market hours in that thread.
regards
padkondu |
padkondu,
st has posted rules for swing/positional trading in separate thread on 8/9/2011 already. i m also surprised to see that no discussion is there at present.
regards,
girish |
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manass
White Belt
Joined: 21 Sep 2009
Posts: 172
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| Post: #456 Posted: Sat Sep 17, 2011 1:16 pm Post subject: |
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| SwingTrader wrote: | SL for the short trade revised to 4944.20 (2 pts above 11:25 bar swing high).
Anyone here? or am I just talking to myself?  |
Hi ST,
I'm very much here, I'm sure you are not talking to yourself; you're infront of a huge number of traders like me.
At initial stage of this thread, I've gone thru & followed from that days, since last 1 month following this MTT Strategy; moreover at the same time following Veeru's number (morning & live) on NF/BNF ( as I trade only NF/BNF, just added Silver few weeks back), the result is fabulous.
Altimate one.
Thanks ST, thanks Veeru, though my posting the remarks/opinion is very few still I am watching & enjoying too. This is the good enjoyment time with more success trades. Thanks once again to ST & Veeru
Regards |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #457 Posted: Tue Sep 20, 2011 10:19 am Post subject: |
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| manass wrote: | | SwingTrader wrote: | SL for the short trade revised to 4944.20 (2 pts above 11:25 bar swing high).
Anyone here? or am I just talking to myself? |
Hi ST,
I'm very much here, I'm sure you are not talking to yourself; you're infront of a huge number of traders like me.
At initial stage of this thread, I've gone thru & followed from that days, since last 1 month following this MTT Strategy; moreover at the same time following Veeru's number (morning & live) on NF/BNF ( as I trade only NF/BNF, just added Silver few weeks back), the result is fabulous.
Altimate one.
Thanks ST, thanks Veeru, though my posting the remarks/opinion is very few still I am watching & enjoying too. This is the good enjoyment time with more success trades. Thanks once again to ST & Veeru
Regards |
Thanks 
_________________
Srikanth Kurdukar
@SwingTrader |
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Viktor
White Belt
Joined: 08 Sep 2011
Posts: 10
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| Post: #458 Posted: Tue Sep 20, 2011 6:26 pm Post subject: |
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| Manass... do you use MTT strategy for silver as well or have you tweaked the indicators for silver... |
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manass
White Belt
Joined: 21 Sep 2009
Posts: 172
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| Post: #459 Posted: Tue Sep 20, 2011 6:50 pm Post subject: |
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| Viktor wrote: | | Manass... do you use MTT strategy for silver as well or have you tweaked the indicators for silver... |
Hi Viktor, yes I'm using the different indicators mentioned in the erlier part of this thread for Silver
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Viktor
White Belt
Joined: 08 Sep 2011
Posts: 10
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| Post: #460 Posted: Tue Sep 20, 2011 7:06 pm Post subject: |
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| Thanks Manass.. I could not find the indicators for silver... It would be a great help if you could post if once again or point me to the relevant link.. Thanks once again... |
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manass
White Belt
Joined: 21 Sep 2009
Posts: 172
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| Post: #461 Posted: Tue Sep 20, 2011 7:20 pm Post subject: Re: Multiple Timeframe Trend Strategy |
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| SwingTrader wrote: | Multiple Timeframe Trend Strategy
As promised here is the modified strategy. I am calling it the Multiple Timeframe Trend Strategy (hereafter referred to as MTT strategy). The earlier MTM strategy used momentum in higher timeframe as a substitute for trend identification, this strategy - MTT - uses plain trend identification in higher timeframe using moving averages and then takes trades on lower timeframe. I have always traded variations of this strategy for years now. This strategy should be used by new traders to build trading skills and not get too mechanical with it. Initially it is fine to be mechanical but over time I suggest people try to analyse dynamically and be flexible as trends in more higher timeframes & supports/resistances in more higher timeframes (than the one used) come into play and getting clues on these can help one identify reversals.
The system contains setups which are pre-conditions that need to be satisfied in higher timeframe in order to even start thinking of a trade entry in lower timeframe. There are two setups - regular & reversal. Regular setups are trend following trades, reversal setups are counter-trend trades done in anticipation of short-term reversals of current trend.
For regular trades two trade triggers/signals on lower timeframe are given - one is based on CCI and the other price breakout based. Either trigger can be used based on one's preference. For reversal trade moving average crossover is used. Particular attention should be paid to negation of a reversal trade as this negation of a reversal means a trade trigger for a trade in the direction of the trend.
CHART CONFIGURATION :
Use JCharts (Plus-Premium) to display two charts side-by-side. One with higher timeframe (15 mins) and the other with lower timeframe (5 mins).
Higher Timeframe Indicators : WMA(3), SMA(8 ), STS(8,3,3). View preferably OHLC chart so WMA/SMA are clearly visible (with candles the EMA/SMA may not be too clear).
Lower Timeframe Indicators : WMA(5), SMA(13), CCI(3). View preferably OHLC chart so WMA/SMA are clearly visible (with candles the WMA/SMA may not be too clear).
SETUPS (HIGHER TIMEFRAME) :
The following buy/sell setups are pre-conditions that need to be satisfied on the higher timeframe (15 mins) before you start looking for buy/sell signals on lower timeframe (5 mins). These are not the final buy/sell signals, buy/sell signals will be taken from lower timeframe :
LONG SETUP :
REGULAR TRADES : WMA is above SMA
REVERSAL TRADES : STS is at or below 30
SHORT SETUP :
REGULAR TRADES : WMA is below SMA
REVERSAL TRADES : STS is at or above 70
SIGNALS / TRADE TRIGGERS (LOWER TIMEFRAME) :
The following signals can be taken ONLY after one of the long/short setup conditions has been satisfied first.
LONG SIGNAL (any one of the following signal is enough to initiate long):
FOR REGULAR LONG TRADES:
1. Let the CCI drop down to -100. After this once CCI closes above 0 (after the bar is complete only) go long. (this trigger can be used for re-entries also if entry is missed)
2. A CLOSE above a recent swing high that is ABOVE both WMA & SMA. The high of the swing high must be above both WMA & SMA.
FOR REVERSAL LONG TRADES :
Let the WMA close above SMA.
SHORT SIGNAL (any one of the following signal is enough to initiate short):
FOR REGULAR SHORT TRADES:
1. Let the CCI rise to +100. After this once CCI closes below 0 (after the bar is complete only) go short. (this trigger can be used for re-entries also if entry is missed)
2. A CLOSE below a recent swing low that is BELOW both WMA & SMA. The low of the swing low must be below both WMA & SMA.
FOR REVERSAL SHORT TRADES:
Let WMA close below SMA.
INITIAL STOP :
For LONGs : Just below the most recent swing low.
Fort SHORTs : Just above the most recent swing high.
TRAILING STOP :
For Longs : Move stop above just below swing lows as new higher swing lows form above one's trade entry point.
For Shorts : Move stop below just above swing highs as new lower swing highs form below one's trade entry point.
NEGATION OF A REVERSAL TRADE :
A long reversal trade gets negated if there is a close below a swing low that is below both the moving averages on lower timeframe. This is automatically a short trigger.
A short reversal trade gets negated if there is a close above a swing high that is above both the moving averages on lower timeframe. This is automatically a long trigger.
Swing high/low being above/below moving averages means that its high/low must be above/below both moving averages.
I Will post charts later to explain more & give examples. I will give examples of the best & worst days so one knows what to expect. Do note that I have tested/traded this extensively on equities/futures only. Commodities, forex may require different timeframes & settings based on their volatility. Even for different equities/futures that are volatile one may require slightly different settings. The settings I have given are fine for Nifty futures and most of the liquid stocks. |
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #462 Posted: Thu Oct 13, 2011 5:42 am Post subject: |
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hi st ji,
for 60m,15m tf , i have noticed 2 different settings recommended by you. in one it is wma3 sma13 on 60m tf and wma13, sma 34 on 15m tf whereas in another set up the saettings are recommended as ema13, sma 34 for both 15m and 60m tf. kindly explain the difference and when,where andhow to use these settings?
one more problem. jcharts plus premium is not displaying icharts of m&m-1m saying m -not valid data in 15m tf. pl give solution
regards,
girish |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #463 Posted: Thu Oct 13, 2011 9:55 am Post subject: |
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| girishhu1 wrote: | hi st ji,
for 60m,15m tf , i have noticed 2 different settings recommended by you. in one it is wma3 sma13 on 60m tf and wma13, sma 34 on 15m tf whereas in another set up the saettings are recommended as ema13, sma 34 for both 15m and 60m tf. kindly explain the difference and when,where andhow to use these settings?
one more problem. jcharts plus premium is not displaying icharts of m&m-1m saying m -not valid data in 15m tf. pl give solution
regards,
girish |
EMA 13 + SMA 34 on 60 mins & 15 mins combination is for swing trading only, it is not for intraday. For intraday WMA 3 + SMA 8 on 15 mins and WMA 5 + SMA 13 on 5 mins is the combination for intraday.
About the M&M issue, I will check and get back to you.
_________________
Srikanth Kurdukar
@SwingTrader |
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kamal.icharts
Site Admin
Joined: 10 Apr 2013
Posts: 576
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| Post: #464 Posted: Thu Oct 13, 2011 10:12 am Post subject: |
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Dear Girish,
There was some issue for M&M code for Plus-Premium. It has been fixed now. Please try again and you should be able to get the charts.
Regards
Kamal |
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #465 Posted: Thu Oct 13, 2011 8:04 pm Post subject: |
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thanks a lot st sir and kamalji
regards,
girish |
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