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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
vlp
White Belt
Joined: 09 Dec 2006
Posts: 92
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Post: #16  Posted: Sat Jan 24, 2015 7:10 pm Post subject: |
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Well it will be safer to book 25 points may be its too early.
I request Alchemist to post strategy for intra trades as well as another strategy for positional trades for nifty.
(I guess he has more strategies in his pocket)
Cheers,
vlp
| opportunist wrote: | This 50 point profit taking sounds a little crude for me. My suggested modification: Use 5,21,200. Buy when 5 crosses 200 ema from below. Sell when price closes (not just cuts) below 21 EMA from above. Re-enter again when 5 cuts 21 EMA from below provided both are still above 200 EMA.
Vice-versa for selling.
This works best with trending markets so note the DMI before entering trade. If it is less than 25 avoid trading.
Regards,
Oppo |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #17 Posted: Sun Jan 25, 2015 4:34 pm Post subject: |
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| vlp wrote: | Well it will be safer to book 25 points may be its too early.
I request Alchemist to post strategy for intra trades as well as another strategy for positional trades for nifty.
(I guess he has more strategies in his pocket)
Cheers,
vlp
| opportunist wrote: | This 50 point profit taking sounds a little crude for me. My suggested modification: Use 5,21,200. Buy when 5 crosses 200 ema from below. Sell when price closes (not just cuts) below 21 EMA from above. Re-enter again when 5 cuts 21 EMA from below provided both are still above 200 EMA.
Vice-versa for selling.
This works best with trending markets so note the DMI before entering trade. If it is less than 25 avoid trading.
Regards,
Oppo |
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Why not exit first lot with 1 ATR, I think that will be better.. |
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SUNIL_PATIL_34
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Joined: 29 Sep 2009
Posts: 72
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| Post: #18 Posted: Mon Jan 26, 2015 12:22 am Post subject: |
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| yes thats very good |
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SUNIL_PATIL_34
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Joined: 29 Sep 2009
Posts: 72
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| Post: #19 Posted: Mon Jan 26, 2015 12:23 am Post subject: hi |
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| yes thats very good |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #20 Posted: Mon Jan 26, 2015 3:42 am Post subject: |
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| pvktrade wrote: | Trade 1
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
50 pts booked 1 lot 15 jan 2015 14:30 candle 8518
2nd lot going on |
Hello PVK,
Not sure why you have taken 15th Jan opening price as the entry point. The entry point is 14th Jan 15:30 candle close when the crossover happened ie at around 8315 NF. If the crossover is happening on the last candle of the day, we should enter just around 3.28 or 3.29 and not wait for the next morning candle. This is to ensure we catch any gap ups.
So the second lot is 500+ points in profit now. In any case, if someone missed entry on 14th, even then second lot is 350+ points in profit.
Trailing SL rule to lock in profits
To lock in profits, use 5/34 EMA bearish crossover to exit the longs. To re-enter, use 5/34 EMA bullish crossover again keeping the recent low as the new TSL. This is provided that 5EMA is above 34 as well as 200 EMA.
Will add more to this strategy as the trade develops in coming days.
Cheers
SH |
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voyager
White Belt
Joined: 05 Sep 2011
Posts: 63
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| Post: #21 Posted: Mon Jan 26, 2015 5:47 am Post subject: |
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| Alchemist wrote: | | pvktrade wrote: | Trade 1
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
50 pts booked 1 lot 15 jan 2015 14:30 candle 8518
2nd lot going on |
Hello PVK,
Not sure why you have taken 15th Jan opening price as the entry point. The entry point is 14th Jan 15:30 candle close when the crossover happened ie at around 8315 NF. If the crossover is happening on the last candle of the day, we should enter just around 3.28 or 3.29 and not wait for the next morning candle. This is to ensure we catch any gap ups.
So the second lot is 500+ points in profit now. In any case, if someone missed entry on 14th, even then second lot is 350+ points in profit.
Trailing SL rule to lock in profits
To lock in profits, use 5/34 EMA bearish crossover to exit the longs. To re-enter, use 5/34 EMA bullish crossover again keeping the recent low as the new TSL. This is provided that 5EMA is above 34 as well as 200 EMA.
Will add more to this strategy as the trade develops in coming days.
Cheers
SH |
Alchemist Sir, Thanks for addition more ingredients. |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #22 Posted: Mon Jan 26, 2015 10:58 pm Post subject: |
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Hello Alchemist,
We want to make mechanical trading system. Per rule 5 ema cross 200 ema from below in 30 min candle then we go long in next candle.
Hence
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
| voyager wrote: | | Alchemist wrote: | | pvktrade wrote: | Trade 1
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
50 pts booked 1 lot 15 jan 2015 14:30 candle 8518
2nd lot going on |
Hello PVK,
Not sure why you have taken 15th Jan opening price as the entry point. The entry point is 14th Jan 15:30 candle close when the crossover happened ie at around 8315 NF. If the crossover is happening on the last candle of the day, we should enter just around 3.28 or 3.29 and not wait for the next morning candle. This is to ensure we catch any gap ups.
So the second lot is 500+ points in profit now. In any case, if someone missed entry on 14th, even then second lot is 350+ points in profit.
Trailing SL rule to lock in profits
To lock in profits, use 5/34 EMA bearish crossover to exit the longs. To re-enter, use 5/34 EMA bullish crossover again keeping the recent low as the new TSL. This is provided that 5EMA is above 34 as well as 200 EMA.
Will add more to this strategy as the trade develops in coming days.
Cheers
SH |
Alchemist Sir, Thanks for addition more ingredients. |
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SUNIL_PATIL_34
White Belt
Joined: 29 Sep 2009
Posts: 72
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| Post: #23 Posted: Wed Jan 28, 2015 1:18 am Post subject: hii |
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obsulately agreed with oppuji when prise is abv 21 & 5 ema bullish below 21 & 5 ema bearish 30 tf
buy 1 lot prise abv 21 add 1 more lot when prise goes abv 5 ema sell both when prise closes below 21 & 5 ema |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #24 Posted: Wed Jan 28, 2015 7:57 am Post subject: |
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| 2nd lot continues to earn profits (8917-8468) 449 pts trade running |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #25 Posted: Thu Jan 29, 2015 12:21 am Post subject: |
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| 2nd lot looses 12 pts first loss (8905-8468) 437 pts trade running |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #26 Posted: Fri Jan 30, 2015 9:09 am Post subject: |
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2nd lot closed at 8945 as contract expire (8945-8468) 477 pts + 50 pts of 1st lot. Total profit = 527 pts.
looking for buy opportunity today as 5 EMA is still above 34 EMA and both above 200 EMA. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #27 Posted: Fri Jan 30, 2015 12:06 pm Post subject: |
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5/34 bearish crossover at 8837 nifty spot so longs exited, staying sidelines now until 5/34 bullish crossover OR 5/200 bearish crossover, whichever comes first.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #28 Posted: Mon Feb 02, 2015 8:51 pm Post subject: |
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Nifty continues its downward journey after 5/34 crossover however got stalled today during to some short covering in light of the RBI meeting tomorrow I guess where another rate cut is expected. In the end, nifty spot got resisted at 34 EMA and 5/34 bullish crossover didnt happen.
Nifty traded in a small range today so a contraction day after an expansion day. Tomorrow we might be an expansion day based on what Mr Rajan do in the RBI meet ...
tighten your seatbelts ...overall trend is up so shorting is for bold traders only.
Cheers
SH |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #29 Posted: Tue Feb 03, 2015 10:22 am Post subject: |
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| Alchemist wrote: | Nifty continues its downward journey after 5/34 crossover however got stalled today during to some short covering in light of the RBI meeting tomorrow I guess where another rate cut is expected. In the end, nifty spot got resisted at 34 EMA and 5/34 bullish crossover didnt happen.
Nifty traded in a small range today so a contraction day after an expansion day. Tomorrow we might be an expansion day based on what Mr Rajan do in the RBI meet ...
tighten your seatbelts ...overall trend is up so shorting is for bold traders only.
Cheers
SH |
Alchemist bhai
I am unable to understand how 5/34 crossover can be exit points in this 5 min chart (I had myself suggested 5/21 in an earlier post on this thread) but a closer look tells me that if we strictly follow the rules i.e., exit if candle closes beyond 34 EMA (from below or above as the case may be) then there will be only losses.
Regards,
Oppo |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #30 Posted: Tue Feb 03, 2015 12:36 pm Post subject: |
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| opportunist wrote: | | Alchemist wrote: | Nifty continues its downward journey after 5/34 crossover however got stalled today during to some short covering in light of the RBI meeting tomorrow I guess where another rate cut is expected. In the end, nifty spot got resisted at 34 EMA and 5/34 bullish crossover didnt happen.
Nifty traded in a small range today so a contraction day after an expansion day. Tomorrow we might be an expansion day based on what Mr Rajan do in the RBI meet ...
tighten your seatbelts ...overall trend is up so shorting is for bold traders only.
Cheers
SH |
Alchemist bhai
I am unable to understand how 5/34 crossover can be exit points in this 5 min chart (I had myself suggested 5/21 in an earlier post on this thread) but a closer look tells me that if we strictly follow the rules i.e., exit if candle closes beyond 34 EMA (from below or above as the case may be) then there will be only losses.
Regards,
Oppo |
isnt this a 30 min strategy?? I mean the name of the thread says 30 min.. 
regards, |
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