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NF TRADING WITH MACD |
replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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Post: #166  Posted: Thu Nov 01, 2012 3:20 pm Post subject: |
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| Normaly in our system MACD crossover happens daily once.But yesterday it happened twice.Today also it happened twice with s/l of 30 pts hit ,yesterday also it did not work satisfactorly .These things could be related to some suitable parameters/indicators ?Experienced seniors,will you pl use your experience and intellegent to find anything ? |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #167 Posted: Fri Nov 02, 2012 9:48 am Post subject: |
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buy signal continuing from yester day.
i will not trade this.
will wait for a fresh signal. |
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vlp
White Belt
Joined: 09 Dec 2006
Posts: 92
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| Post: #168 Posted: Fri Nov 02, 2012 10:21 am Post subject: |
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| sonila wrote: | buy signal continuing from
yester day.
i will not trade this.
will wait for a fresh signal. |
s. correct strategy .
it is observed that nf facing res at 5730 lvl.
I suggest to do a paper trade of short with sl of short with sl of 5735
vlp |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #169 Posted: Fri Nov 02, 2012 10:26 am Post subject: |
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| vlp wrote: | | sonila wrote: | buy signal continuing from
yester day.
i will not trade this.
will wait for a fresh signal. |
s. correct strategy .
it is observed that nf facing res at 5730 lvl.
I suggest to do a paper trade of short with sl of short with sl of 5735
vlp |
can be done.
but i will stick to method ONLY.
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replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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| Post: #170 Posted: Fri Nov 02, 2012 10:34 am Post subject: |
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| sonila wrote: | buy signal continuing from yester day.
i will not trade this.
will wait for a fresh signal. |
I think this is no.1 qwality in you as trader i.e.waiting ,otherwise unsuccessful traders always get impatient and take wrong decision at entry and exit also. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #171 Posted: Fri Nov 02, 2012 10:44 am Post subject: |
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Yesterday 1st nov summary
Buy signal continued from prev day.
Buy trigd @ 5641 @ 9.32 with sl as 5626
Candle close based sell cross over happened @ 10.45
Long closed @ 10.46 @ 5636 (--5 pts per lot)
After sell signal, sell not triggd.
Buy signal @ 12.45
Buy trgd @ 1.42 @ 5665, sl = 5635
T.1 = 15 pts @ 5680 @ 2.35 for 1st lot
TSL = 5665 for 2nd lot.
2nd lot exited @ 5676 @ 3.23 (+11 pts per lot)
total= ( -5-5+15+11-2-2-2-2) = +8 pts net for 2 lots
( +4 pts net gain for each lot)
chart attatched.
( I have not traded, out for some work) |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #172 Posted: Fri Nov 02, 2012 10:48 am Post subject: |
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| giribabu06 wrote: | | sell triggered @ 5630 |
what i m observing from chart,
though sell signal happened @ 10.45, but sell never trgd.
(yesterday, i was out of station) |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #173 Posted: Fri Nov 02, 2012 10:49 am Post subject: |
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| replyab wrote: | | sonila wrote: | buy signal continuing from yester day.
i will not trade this.
will wait for a fresh signal. |
I think this is no.1 qwality in you as trader i.e.waiting ,otherwise unsuccessful traders always get impatient and take wrong decision at entry and exit also. |
thnx |
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rakpeds
White Belt
Joined: 24 Jun 2012
Posts: 481
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| Post: #174 Posted: Fri Nov 02, 2012 10:56 am Post subject: |
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| sonila wrote: | Yesterday 1st nov summary
Buy signal continued from prev day.
Buy trigd @ 5641 @ 9.32 with sl as 5626
Candle close based sell cross over happened @ 10.45
Long closed @ 10.46 @ 5636 (--5 pts per lot)
After sell signal, sell not triggd.
Buy signal @ 12.45
Buy trgd @ 1.42 @ 5665, sl = 5635
T.1 = 15 pts @ 5680 @ 2.35 for 1st lot
TSL = 5665 for 2nd lot.
2nd lot exited @ 5676 @ 3.23 (+11 pts per lot)
total= ( -5-5+15+11-2-2-2-2) = +8 pts net for 2 lots
( +4 pts net gain for each lot)
chart attatched.
( I have not traded, out for some work) |
sonila mam... i beg to differ at the sell signal... the sell was triggered and it hit SL also ...
after the sell signal occured:
the 11 candle low was 5632.1 so short at 5630...
the 11.15 candle low was 5630...
please find attached chart .. as we use the same data...
please correct me if i am misreading something  |
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replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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| Post: #175 Posted: Fri Nov 02, 2012 11:54 am Post subject: |
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| macd crossover happened ,sell signal below 5713 |
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replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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| Post: #176 Posted: Fri Nov 02, 2012 12:01 pm Post subject: |
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| replyab wrote: | | macd crossover happened ,sell signal below 5713 |
sell below 5714 |
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giribabu06
White Belt
Joined: 01 Oct 2012
Posts: 42
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| Post: #177 Posted: Fri Nov 02, 2012 12:04 pm Post subject: |
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| replyab wrote: | | replyab wrote: | | macd crossover happened ,sell signal below 5713 |
sell below 5714 |
as low is 5714, after 2 points filter it will be 5712. i.e sell below 5712 (5714-2). |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #178 Posted: Fri Nov 02, 2012 12:04 pm Post subject: |
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| sell @ 5711 |
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replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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| Post: #179 Posted: Fri Nov 02, 2012 12:05 pm Post subject: |
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| giribabu06 wrote: | | replyab wrote: | | replyab wrote: | | macd crossover happened ,sell signal below 5713 |
sell below 5714 |
as low is 5714, after 2 points filter it will be 5712. i.e sell below 5712 (5714-2). |
y |
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replyab
White Belt
Joined: 29 Aug 2012
Posts: 156
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| Post: #180 Posted: Fri Nov 02, 2012 12:17 pm Post subject: |
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| replyab wrote: | | giribabu06 wrote: | | replyab wrote: | | replyab wrote: | | macd crossover happened ,sell signal below 5713 |
sell below 5714 |
as low is 5714, after 2 points filter it will be 5712. i.e sell below 5712 (5714-2). |
y |
sell at 5716 |
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