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New setup --Crude intraday |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #61  Posted: Fri Jan 16, 2015 7:19 pm Post subject: |
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| Crude Feb 3.00 pm tgt hit waiting for next entry.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #62 Posted: Sat Jan 17, 2015 7:51 am Post subject: |
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| amitagg wrote: | | R: 311+30=341 (7) |
R: 341-70-14=257 (9)
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rwdesai
White Belt
Joined: 27 Apr 2009
Posts: 94
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| Post: #63 Posted: Sat Jan 17, 2015 10:11 am Post subject: |
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| For second target of 70 points, why not to use TSL of first target 30 points?
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #64 Posted: Sat Jan 17, 2015 5:16 pm Post subject: |
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| rwdesai wrote: | | For second target of 70 points, why not to use TSL of first target 30 points? |
Rahul can answer better and may be since u have Backtested u can
In my trailing post, I reduced the return captured few days back by 70 points since that was after 30 point first target was hit AND me unlike what's been recommended have been using this system this month by putting TSL to cost for second lot. To be consistent therefore in capturing true returns I reduced one days ( wonder) strike of 70 point s since that day as mentioned in trailing post 70 point target was hit after just missing Rahuls SL ( not TSL) of 22 points below cost. Since on some days when for the second lot this 22 point loss could have happened but since beginning I am trailing cost. So the return posted reflects consistent true 7 pm ( not 3 pm) figure
On your question cannot unserstajd how that can happen for instance if first target of 30 is hit and then it goes to 35 or 40 obviously it can go back below that 30 point figure just be falling 5 or 10 points. So for me as I have been using TSL for second lot has been at cost. This may be trailed to "market price minus 22 points" always if one can track.
These 3 methods need to be back tested (for second lot stop)- no TSL, TSL at cost, TSL at CMP minus 22 points AFTER THE first target of 30 is hit
Any other view would be helpful
One forth way is your way - 30 point above cost TSL for second lot but it seems to me since shall hit most often. Just a guess. Pls enlighten after studying chart or backtesting
And can use self TSL based on small time frame charts basis various methods etc. it would have been better if system thrown TSL was there. Guess that even with one lot 22 below cost TSL Rahul anticipates good returns. And if u observe out of 9 days trades supposing on 3 occasions Rahuls TSL was hit it could have caused 66 point loss and made up for one 70 pointer gain. So over 10 odd trades it may be neutral as of now. Don't exactly remember if 3 is the figure to use since it is possible that more than 3 times out of past 9 days SL of -22 could have been hit?
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rwdesai
White Belt
Joined: 27 Apr 2009
Posts: 94
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| Post: #65 Posted: Sat Jan 17, 2015 8:37 pm Post subject: |
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Dear Amitagg,
In my back testing, I also used at cost TSL for the second lot. Just wanted to know other ichartians' opinion about TSL.
The three methods of TSL as suggested by you should be back tested. If time permits, I will do that and revert to you.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #66 Posted: Mon Jan 19, 2015 8:37 pm Post subject: |
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No noises today
Has given 7 pm sell at 3004
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #67 Posted: Mon Jan 19, 2015 10:09 pm Post subject: |
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| amitagg wrote: | No noises today
Has given 7 pm sell at 3004 |
market above 3017 on hourly charts is a bear trap and a "buy" .....triangles breaking on down....last candle high 3013 if not broken today would mean fall to 2930.....cmp 2993
systems in sell but as per modified better one which I use, 2990 should be closed lower on hourly timeframe.
that's way it is precariously poised at 2993-3010
it rose 20-25 points each time is hit my level of morning of 3015 and 2993......now not a buy ....but a sell....till it confirms a bear trap.....
market between ascending and descending trendline on hourly charts..... between opposing timeframe buy sell triggers....etc etc.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #68 Posted: Mon Jan 19, 2015 11:44 pm Post subject: |
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R=257+60=317 (10) 
Thanks Rahul
Today people who study charts closely would have guessed that if was difficult trend changing day. Your method helped to be on right side. ( despite prices taking good support just at entry levels) I mentioned in morning itself of intra day shorts but trade confidence was provided by your method which was initiated post 7 pm.
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #69 Posted: Tue Jan 20, 2015 7:52 pm Post subject: |
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| 3.00 S/L hit & 7.00 o.k
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #70 Posted: Tue Jan 20, 2015 8:03 pm Post subject: |
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Don't be compulsive trader, just 7 pm call
Target hit at 2925
I feel happy when people make money
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #71 Posted: Tue Jan 20, 2015 8:07 pm Post subject: |
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broke 2956/2960 for 7 pm trade. (3pm today would have hit SL?-)
30 points for Rahul till 2926/2931, some more for Rohan till 2916 and few for self (intermittent). Both R (till 70 or 2898) & R (till close) pending - second lot
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #72 Posted: Tue Jan 20, 2015 8:13 pm Post subject: |
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| chandrujimrc wrote: | | 3.00 S/L hit & 7.00 o.k |
oh I did not see the earlier posts
if u can also maintain a log for 3 pm we can see a month's performance. it has just to be positive for me to take a plunge....I am doing it discretionary even now as well and 7 pm mandatorily to take all entries and exists by system. I would continue to watch 3 pm as well for many more months since I find that useful. We may alter the quantities if we get some test results.
Thanks Rahul and Chandru
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #73 Posted: Tue Jan 20, 2015 10:48 pm Post subject: |
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| amitagg wrote: | broke 2956/2960 for 7 pm trade. (3pm today would have hit SL?-)
30 points for Rahul till 2926/2931, some more for Rohan till 2916 and few for self (intermittent). Both R (till 70 or 2898) & R (till close) pending - second lot |
R= 317+30 = 347 (11)
Success rate is very good for 25-30 pointer trade with TSL at cost
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #74 Posted: Wed Jan 21, 2015 5:33 pm Post subject: |
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busy in farm house these days away from jaipur
i feel happy when people make money on my set up
just stick to single setup
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dunpic
White Belt
Joined: 20 Oct 2007
Posts: 13
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| Post: #75 Posted: Wed Jan 21, 2015 7:08 pm Post subject: crude buy |
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Day high till 7 P.M was 2935
now high 2938
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