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scocks screening strategies |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #16  Posted: Mon Jun 27, 2011 12:38 pm Post subject: |
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| Perfect, I am clear now. Thanks |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #17 Posted: Mon Jun 27, 2011 12:46 pm Post subject: |
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| vinay28 wrote: | | Perfect, I am clear now. Thanks |
ur comments on these strategies with backtesting are welcome..
thq.. |
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jaggy6522
White Belt
Joined: 16 Oct 2009
Posts: 7
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| Post: #18 Posted: Tue Jun 28, 2011 3:41 pm Post subject: |
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| rrk2006hyd wrote: | | vinay28 wrote: | Many thanks rrk2006hyd. However, I wonder whether it will help us every day. For example, nifty future closed at 5485, way above "p" (5390.79) on friday (24th June) and will only have to be above "p" on monday (27th June) to trigger a buy as per your strategy. But that 's way too low below friday's closing and may give a false signal?
You valued comments will help. May be in such cases, Avinash's intraday strategy based on NF values as of 9.30 am will suit better? |
thanks for replys,
1.for Inrtaday..use 5,10,15 mnts time frames and take opne,high and low..
calculate p=(open+high+low)/3..
if LTP>p then buy..
2.for swing take CLOSE prices ..
thq.. |
i have doubt about these tf what exactly you mean by that please clear my doubt |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #19 Posted: Tue Jun 28, 2011 4:08 pm Post subject: |
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| jaggy6522 wrote: | | rrk2006hyd wrote: | | vinay28 wrote: | Many thanks rrk2006hyd. However, I wonder whether it will help us every day. For example, nifty future closed at 5485, way above "p" (5390.79) on friday (24th June) and will only have to be above "p" on monday (27th June) to trigger a buy as per your strategy. But that 's way too low below friday's closing and may give a false signal?
You valued comments will help. May be in such cases, Avinash's intraday strategy based on NF values as of 9.30 am will suit better? |
thanks for replys,
1.for Inrtaday..use 5,10,15 mnts time frames and take opne,high and low..
calculate p=(open+high+low)/3..
if LTP>p then buy..
2.for swing take CLOSE prices ..
thq.. |
i have doubt about these tf what exactly you mean by that please clear my doubt |
in intraday chart..choose 5mnts or 10mnts or 15 mnts..time..note down open/high/low..i.e at 9.20 or 9.25 or 9.30 take open , high ,low values and calculate p=(open+high+low)/3, if LTP>P buy and use 'P' as SL or below P..as SL..if LTP<P,shortsell.
Note:before trading please do paper trading how it works..thq. |
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jaggy6522
White Belt
Joined: 16 Oct 2009
Posts: 7
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| Post: #20 Posted: Tue Jun 28, 2011 5:27 pm Post subject: |
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| rrk2006hyd wrote: | | jaggy6522 wrote: | | rrk2006hyd wrote: | | vinay28 wrote: | Many thanks rrk2006hyd. However, I wonder whether it will help us every day. For example, nifty future closed at 5485, way above "p" (5390.79) on friday (24th June) and will only have to be above "p" on monday (27th June) to trigger a buy as per your strategy. But that 's way too low below friday's closing and may give a false signal?
You valued comments will help. May be in such cases, Avinash's intraday strategy based on NF values as of 9.30 am will suit better? |
thanks for replys,
1.for Inrtaday..use 5,10,15 mnts time frames and take opne,high and low..
calculate p=(open+high+low)/3..
if LTP>p then buy..
2.for swing take CLOSE prices ..
thq.. |
i have doubt about these tf what exactly you mean by that please clear my doubt |
in intraday chart..choose 5mnts or 10mnts or 15 mnts..time..note down open/high/low..i.e at 9.20 or 9.25 or 9.30 take open , high ,low values and calculate p=(open+high+low)/3, if LTP>P buy and use 'P' as SL or below P..as SL..if LTP<P,shortsell.
Note:before trading please do paper trading how it works..thq. |
oh really thank you very much for the quick response i will do it now |
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sethu45
White Belt
Joined: 06 Aug 2009
Posts: 168
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| Post: #21 Posted: Wed Jun 29, 2011 5:29 am Post subject: |
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Bhartiartl on 28.6.2011 Open 396.80 High 404.95 close 400.30 LTP 400.35. P= 400.68 Since the closing price and LTP are below P the trend is down for 29.06.2011. Please monitor this and post your comments. After finding the trend, where shd we enter for Long or Short and what will be stop loss. If the entry, stop, and targets are fixed we can test this strategy.
sethuraman |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #22 Posted: Wed Jun 29, 2011 7:20 am Post subject: |
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| sethu45 wrote: | Bhartiartl on 28.6.2011 Open 396.80 High 404.95 close 400.30 LTP 400.35. P= 400.68 Since the closing price and LTP are below P the trend is down for 29.06.2011. Please monitor this and post your comments. After finding the trend, where shd we enter for Long or Short and what will be stop loss. If the entry, stop, and targets are fixed we can test this strategy.
sethuraman |
p=(open+high+low)/3
p=(396.80+404.95+396.25)/3
p=399.33
so close on 28th is 400.30, therefore close>p, iso..we can buy with "P" as stop loss or below "P" for next trading day..or hold for some days.
targets:
using fibonacci
R2 = P + ((High - Low) x .618)
=399.33+((404.95-396.25)*0.618=404.7066
R1 = P + ((High - Low) x .382)=402.6534
S1 = P - ((High - Low) x .382)=396.01
S2 = P - ((High - Low) x .618)=393.95
thq |
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