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New setup --Crude intraday |
Rebel
White Belt
Joined: 04 Sep 2013
Posts: 387
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Post: #106  Posted: Fri Jan 23, 2015 7:35 am Post subject: |
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| Hydrogen wrote: | | mohitshukla2021 wrote: | I am using 3 EMA Vs 34 EMA Crossover for Nifty. Though only 2 months but it is very reliable and hassle free . I believe it is the method Rahul is talking about.
And yes...Thanks to Rahul ..indeed simple methods are the best when it comes to trading...
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In 2010 I use to follow 14/206 on 5 minute (14/6 & 206/6 = 3 by 34 on 30 minute chart) method on MiNifty. I was new in the market that time. Usually I entered the market in consolidation and when frustrated used to get out, and then when trend came in market I use to be out of market because of frustration. This went on for 1 year and finally I left this strategy.
Now after 4-5 years in market I realized that at that time I was following a method which was very good at least it suited my profile. I again started this method from the start of 2015 and will follow this. For me this is one of the best strategy but to reap the benefit money management should also come into play. Now I am applying the same method but using Stock Future to trade instead of Nifty.
And one more thing this method works wonder on Natural Gas. I back tested this on Natural gas for past 4-5 month and it have multiplied the initial investment into 5 times.
My Money Management is simple now. I take position in the market after 2 continuous loss. I will enter the market on the 3rd signal. Now if the investment is doubled or I have money to buy the second lot, I will again wait for two consecutive losses and then increase to second lot provided there is enough margin money. Once lot increased it have to cross the initial Margin Money amount(High) and then two consecutive loss to increase the lot.
Lets see what happens in future. |
Dear sir,
im trying to plot 206 in 5min chart ut its coming as some error kindly help which EMA to plot for that strategy.  |
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dunpic
White Belt
Joined: 20 Oct 2007
Posts: 13
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| Post: #107 Posted: Fri Jan 23, 2015 7:22 pm Post subject: crude sell |
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Crude low till 7 P.M 2862
Low now 2860
Placed selling bid at 2861 cmp 2870 |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #108 Posted: Fri Jan 23, 2015 7:40 pm Post subject: |
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3.00 & 7.00 both  |
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dunpic
White Belt
Joined: 20 Oct 2007
Posts: 13
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| Post: #109 Posted: Fri Jan 23, 2015 7:40 pm Post subject: Re: crude sell |
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| dunpic wrote: | Crude low till 7 P.M 2862
Low now 2860
Placed selling bid at 2861 cmp 2870 |
booked at 2831 30 points |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #110 Posted: Fri Jan 23, 2015 7:53 pm Post subject: 3.00 & 7.00 |
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WOULD YOU PLEASE CARE TO EXPLAIN YOUR 3.00 & 7.00.
THANKS  |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #111 Posted: Fri Jan 23, 2015 8:03 pm Post subject: |
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Dear AMBY,
You start your journey from the first page you will enjoy. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #112 Posted: Fri Jan 23, 2015 9:23 pm Post subject: |
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Crude gives up target and then jumps back,,
Its good, butterflies. In stomch |
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dunpic
White Belt
Joined: 20 Oct 2007
Posts: 13
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| Post: #113 Posted: Fri Jan 23, 2015 9:39 pm Post subject: |
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| Rahulsharmaat wrote: | Crude gives up target and then jumps back,,
Its good, butterflies. In stomch |
Now if crude goes above High made till 7 P.M should we trade or not. |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #114 Posted: Fri Jan 23, 2015 10:07 pm Post subject: |
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| Rebel wrote: | | Hydrogen wrote: | | mohitshukla2021 wrote: | I am using 3 EMA Vs 34 EMA Crossover for Nifty. Though only 2 months but it is very reliable and hassle free . I believe it is the method Rahul is talking about.
And yes...Thanks to Rahul ..indeed simple methods are the best when it comes to trading...
|
In 2010 I use to follow 14/206 on 5 minute (14/6 & 206/6 = 3 by 34 on 30 minute chart) method on MiNifty. I was new in the market that time. Usually I entered the market in consolidation and when frustrated used to get out, and then when trend came in market I use to be out of market because of frustration. This went on for 1 year and finally I left this strategy.
Now after 4-5 years in market I realized that at that time I was following a method which was very good at least it suited my profile. I again started this method from the start of 2015 and will follow this. For me this is one of the best strategy but to reap the benefit money management should also come into play. Now I am applying the same method but using Stock Future to trade instead of Nifty.
And one more thing this method works wonder on Natural Gas. I back tested this on Natural gas for past 4-5 month and it have multiplied the initial investment into 5 times.
My Money Management is simple now. I take position in the market after 2 continuous loss. I will enter the market on the 3rd signal. Now if the investment is doubled or I have money to buy the second lot, I will again wait for two consecutive losses and then increase to second lot provided there is enough margin money. Once lot increased it have to cross the initial Margin Money amount(High) and then two consecutive loss to increase the lot.
Lets see what happens in future. |
Dear sir,
im trying to plot 206 in 5min chart ut its coming as some error kindly help which EMA to plot for that strategy. |
If you want to follow better use 3 ema by 34 ema crossover on 30 minute chart. It is same as 206 on 5 minute chart. You will get more time to be away from screen.
But please don't discuss this strategy on this forum as this is to discuss the strategy on CRUDEOIL. Better to stick to the strategy mentioned here and discuss that only.
Last edited by Hydrogen on Fri Jan 23, 2015 10:18 pm; edited 1 time in total |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #115 Posted: Fri Jan 23, 2015 10:08 pm Post subject: |
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Yes we should, but chances are nil,, and no such trades after 10.30,,,
Are babaji thoda rest bhi karo,, masti bhi karne ka hae Ki nahi...
Oh why I wasted last 9 years just sticking to laptop n morning 7 till night 12 only stock market,,, these days just open eyes at 7 pm,, trade and then bhad me jaaye sab kuch,,, masti n masti
Didn't touched laptop, n any chart in last 2 months
Don't need near perfection, money mangta hae re baba,,,
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #116 Posted: Sat Jan 24, 2015 10:19 am Post subject: |
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| R=477+60=537(14) |
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Rebel
White Belt
Joined: 04 Sep 2013
Posts: 387
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| Post: #117 Posted: Sat Jan 24, 2015 2:08 pm Post subject: |
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just wanna share a thing that showed on tv program a debate based on unwanted liability vs basic wants based liability.a person gets credit cards from several banks>buys gold ornaments using cards>mortgages them>using the cash trades commodity>losses everything>while driving a card payment call comes he attends the call bike accident dies on spot.
shocked to see such stupidity.
is this lack of knolwedege or strategy?sorry if anything wrong.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #118 Posted: Sat Jan 24, 2015 2:25 pm Post subject: |
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overambitious
buying gold using credit card is prohibited by RBI. the vendor where the card is swiped is registered under specific categories at banks end as to what their selling items are, etc. how they got away with selling gold on credit card i dont know. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #119 Posted: Sat Jan 24, 2015 2:49 pm Post subject: |
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| apka wrote: | overambitious
buying gold using credit card is prohibited by RBI. the vendor where the card is swiped is registered under specific categories at banks end as to what their selling items are, etc. how they got away with selling gold on credit card i dont know. |
I have done that in the past with top reputed State jewellers. Didn't know it was wrong. Shall be careful. Wonder why they or how they allowed. It was more than a year back. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #120 Posted: Sat Jan 24, 2015 8:00 pm Post subject: |
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Crude waiting big bamboo
Amit same view I have fromm 5220,,u remember
Don't search supports, just spot resistance |
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