iCharts Discussions

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

Longed @ 5676 @ 9.33 am
T.1 @ 5691 (+15) achvd @ 10.55
T.2 @ 5701 (+25) achvd @ 11.07
Net 18 pts gain per lot

CUMULATIVE 233 PTS GAIN PER LOT FROM 1ST OCT.

AEOM

STRATEGY IS AS BELOW

Set-up is as below
Tf = 15 min,only MACD cross over to be used.MACD settings are
Long type,period = 24
Short type, period = 9,
Average type, period = 9
All moving averages are SMA, not ema.

For long trades.
Macd should give bullish cross over on candle close basis.
If this happens, then see the high of this candle.Let it is 5650.50. Now make it round to 5051.Keep 2 pts filter.So, now place a buy order @ 5053.If it is triggered, then ok, keep 30 pts as sl.

If not trgd, then go to next candle high and repeat the same rounding and 2 pts filter process.

Just opposite, for short case.

i m explaining friday's 9th nov 2012 sell set up with chart.
bearish cross over in macd in candle close basis happened @ 12pm.
now, low of this candle is 5757.7
so after rounding it is 5757
after 2 pts filter, sell order is placed at 5755.
this sell not trgd in 12-12.15 candle.
now 12-12.15 candle made a low of 5761.65
so now short is at 5759 which got trigd @ 12.23
stop loss is 30 pts = 5789
t1 = 15 pts achvd @ 1.06
tsl for 2nd lot = at cost = 5759
t2 = 25 pts achvd @ 1.08

Abhi · White Belt Joined: 22 Oct 2011 Posts: 20

Sonila, Good t o see you back, SHUBH MAHA ASHTAMI to you and your familiy!! Wish you all the luck!!

Rahulsharmaat · Black Belt Joined: 04 Nov 2009 Posts: 2766

Great Sonila

Lady is back

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

If any body is interested in today's trade chart and logic behind todays's entry, then can p.m. me for the same.
Thnx all.

ridinghood · Yellow Belt Joined: 16 Apr 2009 Posts: 724

jatinderdhawan · White Belt Joined: 04 Aug 2012 Posts: 47

Cheers

jatinderdhawan · White Belt Joined: 04 Aug 2012 Posts: 47

jatinderdhawan · White Belt Joined: 04 Aug 2012 Posts: 47

techtrader2 · White Belt Joined: 20 Dec 2011 Posts: 99

thhanks sonila...great going...i have sent you a pm..please check

Amigo · White Belt Joined: 17 Jun 2011 Posts: 223

good to see you back Sonila... keep up the good work.

Amigo

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

I rcvd lot of P.M.s.
So unable to reply indivisually. Hence posting chart and trade logic here.
Buy signal continued from friday.
Todays 1st candle close also have buy signal.
Today's 1st candle made a high of 5674.
So taken long @ 5676 keeping 2 pts filter.
after that t1 and t2 achvd.

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

Someone today sent me a pm which encouraged me a lot.Thanx him a lot.It is below

(Respected Sonila,

Take your own time to send chart and logic behind - for my revision. Your system is based on reason and logic - Not just Levels. It is the price action that is important. MACD is based on price action and hence it gives clear picture of market direction - rather than just levels.

Entries based on your study of MACD are more reliable than just levels or magic numbers. While levels are also important - our strategy gives more effective results and resultant mental peace. Your MACD many times gives entries earlier than others - your entries are also solid and very effective.

With your system, we need not look elsewhere for making money in even such difficult market conditions.

kind regards, )