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Nifty Reversal Point |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #46  Posted: Fri Sep 09, 2011 9:38 am Post subject: |
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| Thanks Kashidun! |
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bablya
White Belt
Joined: 31 May 2011
Posts: 38
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| Post: #47 Posted: Fri Sep 09, 2011 11:20 am Post subject: |
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| kashidun wrote: | I am using three strategies for Day Trading
1. Open Range Breakout.
2. 3-5 EMA Strategy.
3. OHLC Average Breakout Strategy.
OHLC Average Breakout Strategy - Longer Continuation Pattern System
I switch to this strategy only if ORB does not give any signal and watch 3rd candle of the day (5 min chart). If it's Open and Close Average is above OHLC average, then buy above the high of 3rd candle and if its Open and Close Average is below OHLC average, then sell below the low of 3rd candle. Trade on 6th Sept. was taken on this system.
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Dear sir,
thx for ur value able inputs.
Sir, i have some confusion @Third candle 'If it's Open and Close Average is above OHLC average'
U meant, that we should take a MEAN of O & C { ie. (O+C)/2} and compare it with MEAN of O & C of 10 min period
I will be highly obliged if u can explain trade dated 6sep (if my above understanding is wrong)
Thx as ALWAYS
Amit
Last edited by bablya on Fri Sep 09, 2011 11:47 am; edited 2 times in total |
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kashidun
White Belt
Joined: 01 Aug 2011
Posts: 48
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| Post: #48 Posted: Fri Sep 09, 2011 11:45 am Post subject: |
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Removing due to copyright issue.
Last edited by kashidun on Sat Sep 17, 2011 6:04 am; edited 1 time in total |
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bablya
White Belt
Joined: 31 May 2011
Posts: 38
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| Post: #49 Posted: Fri Sep 09, 2011 12:01 pm Post subject: |
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| kashidun wrote: |
Don't take only O & C rather take OHLC that is (OHLC)/4 for Average. Take it of last 5 min candle. If Open and also Close of next candle goes above this average, then buy and if it goes below this average, then sell. I have written a code for all my three strategies in a file which runs in amibroker. All the trades it generates automatically. 6 sept. trade done on this system and even today also 2nd trade done on OHLC Sold Nifty Future at 5132 and covered at 5112. My First ORB Trade Hit SL and 2nd trade of OHLC gave 20 Pts Profit. Already done two trades with no profit no loss. No more trading for the day.
I am also working on mixing up the OHLC with ORB to get better results. |
THX Sirji,
Got ohlc funda. But did not understood 'why ORB SL was hit ? in first trade'
as Sell was triggered @5135 ( rationale: 2 red candle , so C-2 was entry) and then high was 5154 ie. below (5135+20=5155).
Thx |
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kashidun
White Belt
Joined: 01 Aug 2011
Posts: 48
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| Post: #50 Posted: Fri Sep 09, 2011 12:19 pm Post subject: |
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Removing due to copyright issue.
Last edited by kashidun on Sat Sep 17, 2011 6:03 am; edited 1 time in total |
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bablya
White Belt
Joined: 31 May 2011
Posts: 38
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| Post: #51 Posted: Fri Sep 09, 2011 12:46 pm Post subject: |
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Dear Sir,
Sorry to once again trouble u.But asking that as it's recent happening.
As per 3-5 strat, B was triggerd @5114-11.25candle.And it achieved tgt of 20 points also. 
BUT one thing i observed tht, also on 12.00pm candle, 'probable' set up for Short had formed. But Sell was not triggered .
NOW, my doubt is, if tht short set up had materialised ( ie. L-2 of confirmation candle was broken), SHOULD WE HAD LEFT EARLIER LONG TRADE AND WENT SHORT?
After entering our LONG@11.25 candle, even if such opposite signal by 3-5strat comes (may it b probable or confirmed), what should be our actions in such cases respectively.
OR
should we neglect all signals till we don't get either of TGT & SL?
It will be okay even if u answer it after mkt hours.
Amit  |
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kashidun
White Belt
Joined: 01 Aug 2011
Posts: 48
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| Post: #52 Posted: Fri Sep 09, 2011 2:11 pm Post subject: |
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Removing due to copyright issue.
Last edited by kashidun on Sat Sep 17, 2011 6:02 am; edited 1 time in total |
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #53 Posted: Fri Sep 09, 2011 4:29 pm Post subject: ORB - OHLC |
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deleted
Last edited by GHAISAS on Sun Sep 11, 2011 7:35 pm; edited 1 time in total |
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priyabalan
White Belt
Joined: 31 Dec 2009
Posts: 22
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| Post: #54 Posted: Fri Sep 09, 2011 10:19 pm Post subject: |
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| kashidun wrote: | Today's trade as per 3-5 Strategy till 1:55PM
1st Trade - Profit of 20 Pts for 50% at 5100 (Sold at 5120 as per 11:10am)
2nd Trade - Profit of 20 Pts for 50% at 5132 (Bought at 5112 as per 12:15pm)
2nd Trade - Profit of 35 Pts for 25% at 5147
2nd Trade - Will exit at 3:15 pm with stoploss at 20 Pts Profit that is 5132
Also booked 20 Pts profit as per ORB
Sold at 5111 as per 2nd opening candle of 5 Min Chart
Booked 100% at 5091.
Great Day so far.
Also Getting Near to First Target of around 5200 for Positional Holding in Nifty Future. Bought at 4840 on 29 August.2011 and still holding.
Kashidun |
Hi Kashidun,
I have been following u r 3 & 5 Ema strategy for intraday for the last 2 days. I find it is producing good results. Also as per this strategy the positional longs which was taken at 4840 is now liquidated and have entered into shorts as yesterday both the Ema's were not touching the candle and today a bearish candle has been formed touching both the ema's. The stop loss for shorts being yesterday's high.Correct me if i am wrong. Kindly clarify as to how do you book profits for positional. Do you book in parts or wait for the bullish reversal.
Thanks for sharing such nice strategy.
Regards
Priya |
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priyabalan
White Belt
Joined: 31 Dec 2009
Posts: 22
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| Post: #55 Posted: Fri Sep 09, 2011 10:19 pm Post subject: |
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| kashidun wrote: | Today's trade as per 3-5 Strategy till 1:55PM
1st Trade - Profit of 20 Pts for 50% at 5100 (Sold at 5120 as per 11:10am)
2nd Trade - Profit of 20 Pts for 50% at 5132 (Bought at 5112 as per 12:15pm)
2nd Trade - Profit of 35 Pts for 25% at 5147
2nd Trade - Will exit at 3:15 pm with stoploss at 20 Pts Profit that is 5132
Also booked 20 Pts profit as per ORB
Sold at 5111 as per 2nd opening candle of 5 Min Chart
Booked 100% at 5091.
Great Day so far.
Also Getting Near to First Target of around 5200 for Positional Holding in Nifty Future. Bought at 4840 on 29 August.2011 and still holding.
Kashidun |
Hi Kashidun,
I have been following u r 3 & 5 Ema strategy for intraday for the last 2 days. I find it is producing good results. Also as per this strategy the positional longs which was taken at 4840 is now liquidated and have entered into shorts as yesterday both the Ema's were not touching the candle and today a bearish candle has been formed touching both the ema's. The stop loss for shorts being yesterday's high.Correct me if i am wrong. Kindly clarify as to how do you book profits for positional. Do you book in parts or wait for the bullish reversal.
Thanks for sharing such nice strategy.
Regards
Priya |
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priyabalan
White Belt
Joined: 31 Dec 2009
Posts: 22
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| Post: #56 Posted: Fri Sep 09, 2011 10:20 pm Post subject: |
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| kashidun wrote: | Today's trade as per 3-5 Strategy till 1:55PM
1st Trade - Profit of 20 Pts for 50% at 5100 (Sold at 5120 as per 11:10am)
2nd Trade - Profit of 20 Pts for 50% at 5132 (Bought at 5112 as per 12:15pm)
2nd Trade - Profit of 35 Pts for 25% at 5147
2nd Trade - Will exit at 3:15 pm with stoploss at 20 Pts Profit that is 5132
Also booked 20 Pts profit as per ORB
Sold at 5111 as per 2nd opening candle of 5 Min Chart
Booked 100% at 5091.
Great Day so far.
Also Getting Near to First Target of around 5200 for Positional Holding in Nifty Future. Bought at 4840 on 29 August.2011 and still holding.
Kashidun |
Hi Kashidun,
I have been following u r 3 & 5 Ema strategy for intraday for the last 2 days. I find it is producing good results. Also as per this strategy the positional longs which was taken at 4840 is now liquidated and have entered into shorts as yesterday both the Ema's were not touching the candle and today a bearish candle has been formed touching both the ema's. The stop loss for shorts being yesterday's high.Correct me if i am wrong. Kindly clarify as to how do you book profits for positional. Do you book in parts or wait for the bullish reversal.
Thanks for sharing such nice strategy.
Regards
Priya |
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kashidun
White Belt
Joined: 01 Aug 2011
Posts: 48
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| Post: #57 Posted: Sat Sep 10, 2011 6:12 am Post subject: Re: ORB - OHLC |
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Removing due to copyright issue.
Last edited by kashidun on Sat Sep 17, 2011 6:05 am; edited 1 time in total |
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kashidun
White Belt
Joined: 01 Aug 2011
Posts: 48
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| Post: #58 Posted: Sat Sep 10, 2011 7:53 am Post subject: |
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Removing due to copyright issue.
Last edited by kashidun on Sat Sep 17, 2011 6:05 am; edited 1 time in total |
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Monita
White Belt
Joined: 09 Jul 2011
Posts: 10
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| Post: #59 Posted: Sat Sep 10, 2011 9:30 am Post subject: |
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Hi Kashidun,
Can you please explain positional strategy in detail. In particular,What is the time frame of candle to be used ( 60 min? daily?) for positional trade using 3-5 EMA ? Can you expain, going positional long at 4840 as mentioned in your earlier posts? How do you calculate days it will take to get target. You had mentioned 10-4-5-8 earlier. Can you explain in detail.
Thanks for your wonderful posts!! |
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bablya
White Belt
Joined: 31 May 2011
Posts: 38
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| Post: #60 Posted: Sat Sep 10, 2011 10:25 am Post subject: |
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| priyabalan wrote: |
Hi Kashidun,
I have been following u r 3 & 5 Ema strategy for intraday for the last 2 days. I find it is producing good results. Also as per this strategy the positional longs which was taken at 4840 is now liquidated and have entered into shorts as yesterday both the Ema's were not touching the candle and today a bearish candle has been formed touching both the ema's. The stop loss for shorts being yesterday's high.Correct me if i am wrong. Kindly clarify as to how do you book profits for positional. Do you book in parts or wait for the bullish reversal.
Thanks for sharing such nice strategy.
Regards
Priya |
Dear Kashidun Sir and Priya,
as per my little knowledge, what i understood is 'we have to find an abandoned candle which is not touching BOTH the EMA's'.
But on thursday, the wick of the candle was touching EMA(3).
So Priya, i did not understood your entry.
Am i correct sir?
thanx as always
Amit |
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