iCharts Discussions

Manav · White Belt Joined: 15 May 2008 Posts: 20

Hi Vinst

You are correct, as far as my strategies are concerned ! I follow a combination of stoch 80/20 and RSEX 70/30....No one can beat this strategy !!!!!! If crossover doesnt happen in synch, it can be a risky wave...

sharetiger · White Belt Joined: 01 Mar 2009 Posts: 14

hi all rsex users,
2day in 15minTF,using rsex and slow d i entered a long position in the opening in icici bank and made loss of 2.3% and then i reversed my position and made a profit of 4.6 then i came 2 know dat i should use 20EMA or a 30 min TF.......
pls do use 20 EMA
thanx

Stockhunter · White Belt Joined: 10 Jun 2008 Posts: 193

Guys - the intention to start this thread was to show a simple and a single indicator to newbies who can use it for both swing and positional.

The intention was never to introduce new indicators along with RSEX and increase the analysis for traders, as they say there is paralysis in over analysis.

I don't mind views but request to atleast trade for a 2-3 months using them and then post any possible combinations here. Please do not over complicate this thread my adding your indicators which you havent traded consistently yet.

PLEASE KEEP IT SIMPLE ....

Cheers
SH

emsenthil123 · White Belt Joined: 17 Oct 2008 Posts: 9

SH,

I know you want to make the approach simple, but can you suggest any other indicator to avoid taking trades which has high probability of an whipsaw?

I ask this qstn cos, i can see evn though the number of winning trades are more, the loosing trades bring down the overall profit drastically as we start with 2 lots. And if we end up in a whipsaw, we loose both the 2 lots and in case of a winning trade, we dont allow the second lot to run the whole distance. Just trying to figure out a way to increse the profit% of the method.

@sharetiger, can you please open a new thread and put a chart illustrating the use of ema with rsex?

Thanks.

Stockhunter · White Belt Joined: 10 Jun 2008 Posts: 193

Hi Emsenthil,

One lot runs the entire swing, the second lot is booked with partial profits. This is done to keep the profitability secured if not the highest. The answer to your question is avoid doing partial booking let both the lots run the entire swing.

The losses shouldnt be big enough since the sL is usually small in case a reverse crossover happenes immidiately.

Cheers
SH

sharetiger · White Belt Joined: 01 Mar 2009 Posts: 14

hi manav slow D provides a gud confirmation with rsi and ema...thnakx

sharetiger · White Belt Joined: 01 Mar 2009 Posts: 14

today a gud day with axis and bharti,,,,,
however am posting my results on 20 trades of rsex(15mins)...got completed with axis as my 20th trade........
total trades:20
winners:15
losers:5
total profit % 127 on capital in 16 days......

SH in always thank full 2 u.........giveing me a wonderfull strategy..and manav too a nice job of finding a gud pair of indicator slow D....

keep rocking.......

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

tiger,

Can you please post chart of one profitable trade and one losing trade chart with entry filers shown from slowD and ema?

regards,
vin

Stockhunter · White Belt Joined: 10 Jun 2008 Posts: 193

Sharetiger - My 20 trades challenge can never fail with 30 mins and higher time frame.. I have been using 30 mins timeframe and just RSEX crossovers .... AMAZING !!

Check out the attached 30 mins Nifty spot chart with up arrows showing buys and down signals showing sells... count the points Very Happy

Cheers
SH

sharetiger · White Belt Joined: 01 Mar 2009 Posts: 14

SH,im pure intraday so u advised 10mins and i choosed 15min and traded that time frame....i would say one can use 15min with some filters like slow D,and 30 and above for swing.....

keep rocking........

Manav · White Belt Joined: 15 May 2008 Posts: 20

Posting Ashok Leyland Monthly chart...is it ready to breakout by RSEX signal? Question

comments are most welcome.

Manav · White Belt Joined: 15 May 2008 Posts: 20

On 3rd March posted chart of Shree Cement with positive RSEX crossover @ 535 nearabouts...its 618 after 9 days only !!! 15 % nice upmove...

Stockhunter · White Belt Joined: 10 Jun 2008 Posts: 193

Hi Manav - Good work - Shree cement was a nice stock pick based on RSEX. Smile

And Ashok Leyland should be a good buy as well if it breaks out.

Please continue posting such charts where based on RSEX you can see an nice entry .. it will help all followers of this thread.

Rest - Do post your charts using RSEX in this thread highlighting any trades you have entered / exited based on this. It will be a great help to all followers - share experience and grow in knowledge.

I am posting IFCI EOD charts .. it has given a +ve breakout based on RSEX and as per my analysis it can easily move 10-15% up in this bullish swing.

Cheers
SH

sharetiger · White Belt Joined: 01 Mar 2009 Posts: 14

Respected SH sir,
is it ok to use 30min TF for intraday trading?

pls do reply...

Manav · White Belt Joined: 15 May 2008 Posts: 20

SH sir,

Considering 13th March EOD, almost all the stocks are making successful bullish RSEX crossover !!! I think it makes a nice upmove rally for next few days if it sustains on monday....Also, Nifty on good upmove considering our RSEX signal...SAR also giving upmove signal...Only one resistance around 2750 where 30 EMA is poised currently...All in all, a nice upmove counter bull rally is on way !!!

rgds
Manav