iCharts Discussions

srmurralitharan · White Belt Joined: 25 May 2009 Posts: 1

How one should trade using this method when price gaps up/down above/below respective entry points?

mayurnsk · Posted: Thu Jul 30, 2009 7:50 pm Post subject:

sherbaaz Hi

Excellent!!! Yes you have understood the system very well. And the 5min time frame you have used is also proving that this system works on any time frame.

Only thing I would like to say to here is about trade number two. Since PARSAR was in place and price movement was strong enough you would have taken position of going long at 3rd candle opening and keeping rest as usual. What I am saying is atleast wait for 10 -15min if the price is having strong momentum you can think of taking a trade because in 5min time frame you will definitely get enough points.

You can aslo blend this with SwingTrader's pivot levels so that you will find easier to take decision in such conditions. By doing this you could have got atleast addtional 50 points. Your Performance would have been improved significantly.

Well 108 points in a day is a good score, keep it up. Improve your performance with blending with various tools.

Cheers!!

Mayuresh Jahagirdar

mayurnsk · Posted: Thu Jul 30, 2009 8:00 pm Post subject:

san77s Hi,

Yes you use same levels or wait for new PARSAR Swing to be created. I have just edited the origianl post. Please read the foot note in the post. And also regularly keep checking for foot notes in original posts, these will be for improvisation of the system.

Cheers

Mayuresh Jahagirdar

mayurnsk · Posted: Thu Jul 30, 2009 8:02 pm Post subject:

amitrajangulati hi

Good work buddy keep it up.!!!!!!

Cheers & regards

Mayuresh Jahagirdar

mayurnsk · Posted: Thu Jul 30, 2009 8:04 pm Post subject: Re: Gaps

sherbaaz · Yellow Belt Joined: 27 May 2009 Posts: 543

Mayur,
Thanks a lot for your feed back yes you are right about 2nd trade. In fact it was also a tweezer bottom along with hammer(s) formation (not exact pattern) and I should have entered into long trade there as suggest by you even i wanted but i was just following you strategy to test it in live market, without any candlestick analysis(its one of the tool i use) . I had not used any other tool. BUT yes belnding it with other tools gives g8 results & ON STAND ALONE BASIS ITS A VERY EFFECTIVE STRATEGY.

Thanks once again for your feedback.

Regards,
Sherbaaz

mayurnsk · Posted: Thu Jul 30, 2009 8:25 pm Post subject:

sherbaaz

Yes you are absolutely right this is very effective strategy on standalone basis too. The blending with simpler tools will make this system even more effective. The blending tools used shall also be simpler one so that even a lay man can understand it very easily. Now like you use candle patterns, its fine for you but not every body can use it, because not all can interprete them. But yes you can blend it for your use. But I would like to improvise this system from my side with simpler tools as I dont want to kill its simplycity. So go ahead and blend it for your self. Who knows even your some candle patterns (repeatative)will be even simpler and may come out with new rules of trades using this system? So buddy keep posting your findings from experience.

Thanks for your response and interest in it.

Thank you.

Mayuresh Jahagirdar

amitrajangulati · White Belt Joined: 27 Jan 2009 Posts: 56

deleted post

meetatex · White Belt Joined: 08 May 2008 Posts: 71

HI GUYS,
U R DOING NICE JOB OF SHARING THINGS
I HAVE A CHART OF GOLD IN DOLLOR TERM CAN U PLS FLASH SOME VIEW ON IT SO I CAN CONFIREM MY UNDERSTANDING
DIVYESH
WELL AS PER MY SYSTEM I M SHORT IN GOLD AT 14700 WITH SL OF 15000 TGT 14400-14000-13400

amitrajangulati · White Belt Joined: 27 Jan 2009 Posts: 56

Hi! Meetatex,

Please have a look at the attached snapshot. As per this system, we should short below 919.22

Mayur, please do correct me if I am wrong.

Thanks & regards,
Amit Gulati

mayurnsk · Posted: Thu Jul 30, 2009 11:43 pm Post subject:

meetatex ( Divyesh) hi

what Amit Gulati is saying is true as per this system.

Regards

Mayuresh Jahagirdar

amitrajangulati · White Belt Joined: 27 Jan 2009 Posts: 56

Hi!

Attached excel sheet has both the options ... 1. Original SPF Calculations and 2. All Fibo ratios.

Cheers,
Amit

mayurnsk · Posted: Fri Jul 31, 2009 5:11 pm Post subject:

amitrajangulati Hi

First of all let me request you to ask these un-related questions under new topic. Just start New thread.

Now as per Seshareddy's 1.618% theory is concerned , as per what he ment was take a daily candle , take high and low as point A & B and calculate 1.618% expannsion value when it reaches that level market turns. It is self explainatory. Nothing else.

Regards

Mayuresh Jahagirdar

sherbaaz · Yellow Belt Joined: 27 May 2009 Posts: 543

Hi All

NF 5 MIN USING SPF ALONG WITH CANDLESTICK ANALYSIS.

SL's was as per candlesticks analysis rather than SPF as in 5 min TF SL's are very close one and chance are that it triggered and after that NF starts mobing in desire direction. and we keep watching Rolling Eyes

.

Total profit points 150.40 from all 4 trades.

Do post your comment. Mayur if any mistake or addition/deletion is there do post it.

I had done some other trades also will share tomorrow.

Regards,
Sherbaaz.

amitrajangulati · White Belt Joined: 27 Jan 2009 Posts: 56

Hi! Sherbaaz,

Great trades! can you please share the basis of your exiting a trade. The timing looks good.

Thanks & regards,
Amit Gulati