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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
reverso
White Belt
Joined: 11 Oct 2012
Posts: 57
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Post: #151  Posted: Fri Mar 27, 2015 10:46 am Post subject: |
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HCLTECH and FINPIPE may give bullish crossover by this candle close 
| reverso wrote: | Hi Guys,
Bearish Yorker Crossover in past three candles.
APOLLOHOSP
CENTURYPLY
CNXPHARMA
DLF
INDOCO
M&MFIN
PCJEWELLER
PETRONET
SHASUNPHAR
STAR
SUNPHARMA
VOLTAS
Bullish Yorker Crossover in past three candles.
ADVANTA
IIFL
Yorker  |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #152 Posted: Fri Mar 27, 2015 12:17 pm Post subject: |
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Dear Reverso - thanks for below, it will help if you post only F&O stock Yorkers...
Cheers
SH |
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Ushah
White Belt
Joined: 11 Jun 2012
Posts: 11
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| Post: #153 Posted: Sat Mar 28, 2015 9:28 am Post subject: 30 min sw yorker method |
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planning to start 30 min sw yorking method trading in NF and BNF from 1st april 2015. alchemist/sumesh/amitaag pl help confirming the foll rules:
1. 30 min spot charts to follow.
2. plot 5-34-200 period EMA charts.
3. enter on the basis of crossover of 5/200
4. sq off 50 % for a profit of 70/140 points
5 remaining to continue till reverse signal
6. make positions neutral if crossover takes place on 5/34. reenter if crossover takes place in reverse direction. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #154 Posted: Sat Mar 28, 2015 9:41 am Post subject: Re: 30 min sw yorker method |
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| Ushah wrote: | planning to start 30 min sw yorking method trading in NF and BNF from 1st april 2015. alchemist/sumesh/amitaag pl help confirming the foll rules:
1. 30 min spot charts to follow.
2. plot 5-34-200 period EMA charts.
3. enter on the basis of crossover of 5/200
4. sq off 50 % for a profit of 70/140 points
5 remaining to continue till reverse signal
6. make positions neutral if crossover takes place on 5/34. reenter if crossover takes place in reverse direction. |
Over and above these :
1.) Enter on break of high/low of 5/200 candle
2.)Alchemist hedges his positions by SELLING puts/calls on RSI divergence . |
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Ushah
White Belt
Joined: 11 Jun 2012
Posts: 11
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| Post: #155 Posted: Sat Mar 28, 2015 6:07 pm Post subject: |
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oh, yes. trade only on break of high/low. (one more confirmation/filter).
thanks, sumesh |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #156 Posted: Sat Mar 28, 2015 8:59 pm Post subject: |
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Adding one more trade scenario
Lets assume we are on yorker shorts ...
... if 5/34 crossover bullish crossover happens and position is 'neutralised' ...
....and if price retests 200 EMA again....wait for price to fall below 200 EMA again (candle close below 200 EMA after retest) and open fresh shorts at this candle's low break even if 5/34 bearish cross has not happened. SL will be the recent highs made when 200 EMA retest happened.
For example :
Example 1 : check Nifty spot charts of 13th March... spot opened above 200 EMA to retest 200 EMA however 10 AM candle closed below 200 EMA making a low of 8791. Shorts to open at 8790 with SL recent high of 8846. These shorts are opened without waiting for 5/34 bearish cross (Trade led to Huge profits)
Example 2 : check Nifty spot charts of 19th March... spot moved above 200 EMA to retest 200 EMA however 11 AM candle closed below 200 EMA making a low of 8742. Shorts to open at 8742 with SL recent high of 8787. These shorts are opened without waiting for 5/34 bearish cross. (Trade led to Huge profits)
Example 3: check Nifty spot charts of 23rd Feb... spot moved below 200 EMA to retest 200 EMA however 24th Feb 11 AM candle closed above 200 EMA making a high of 8776. Longs to open at 8777 with SL recent lows of 8737. These longs are opened without waiting for 5/34 bullish cross. (Trade hit 40 point SL)
Cheers
SH |
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singhx4d
White Belt
Joined: 24 Mar 2015
Posts: 4
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| Post: #157 Posted: Mon Mar 30, 2015 11:18 am Post subject: Query |
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Alchemist i have one qyery:
Suppose bullish crossover is done on 30minute tf and at that time RSI is in overbought zone then in that case what should we do??
Your guidance will be highly appreciated... |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #158 Posted: Mon Mar 30, 2015 12:59 pm Post subject: |
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Sir,
Can any body tell. If see the chart in 30 min. Time frame. Why the values of 5ema 34 EMA and 200 EMA are diferrent in 5 days and 10 days chart. In 5 days chart 5 EMA and 34 EMA cross happened. While in 10, days its not |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #159 Posted: Mon Mar 30, 2015 1:09 pm Post subject: |
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| Pls confirm crossover happened or not. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #160 Posted: Mon Mar 30, 2015 2:35 pm Post subject: |
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| ajit602 wrote: | Sir,
Can any body tell. If see the chart in 30 min. Time frame. Why the values of 5ema 34 EMA and 200 EMA are diferrent in 5 days and 10 days chart. In 5 days chart 5 EMA and 34 EMA cross happened. While in 10, days its not |
Yes, as we are using 200ema as our biggest ema (out of 5,34 and 200), it is better you load the data for last 200 days.
I also had this problem in proper crossover, then I increased the no of days, and now it is coming fine. |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #161 Posted: Mon Mar 30, 2015 2:50 pm Post subject: Re: Query |
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| singhx4d wrote: | Alchemist i have one qyery:
Suppose bullish crossover is done on 30minute tf and at that time RSI is in overbought zone then in that case what should we do??
Your guidance will be highly appreciated... |
Alchemist may be better person to guide on this. But what I understood from various discussion with Alc is that if bigger tf, say eod is in downtrend, generally it is expected that price *may* rebound from overbought area and vice versa.
So , if we have a bullish crossover (with RSI overbought) and daily chart is in downtrend, I feel we can take long but half the regular qty. But if daily is in uptrend, and bullish crossover happens (with RSI overbought), we can take long with full qty . |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #162 Posted: Mon Mar 30, 2015 3:29 pm Post subject: |
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| sumesh_sol wrote: | | ajit602 wrote: | Sir,
Can any body tell. If see the chart in 30 min. Time frame. Why the values of 5ema 34 EMA and 200 EMA are diferrent in 5 days and 10 days chart. In 5 days chart 5 EMA and 34 EMA cross happened. While in 10, days its not |
Yes, as we are using 200ema as our biggest ema (out of 5,34 and 200), it is better you load the data for last 200 days.
I also had this problem in proper crossover, then I increased the no of days, and now it is coming fine. |
Thanks sir. |
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snehil2010
White Belt
Joined: 04 Feb 2015
Posts: 19
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| Post: #163 Posted: Mon Mar 30, 2015 4:52 pm Post subject: |
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Hello Alchemist/Sumesh,
I could not enter into the trade in today's 5/34 bullish crossover. Would you recommend to enter tomorrow morning?
Thanks,
Snehil |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #164 Posted: Mon Mar 30, 2015 5:16 pm Post subject: |
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| snehil2010 wrote: | Hello Alchemist/Sumesh,
I could not enter into the trade in today's 5/34 bullish crossover. Would you recommend to enter tomorrow morning?
Thanks,
Snehil |
You were NOT supposed to enter in this 5/34 bullish crossover as we are still bearish (due to 5/200 down crossover). So, those who were short could have closed their positions at this 5/34 crossover.
In fact short can be taken if you get 5/34 DOWN crossover, as long as 5/200 is bearish.
Long is only when you get bullish crossover of 5/200. |
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singhx4d
White Belt
Joined: 24 Mar 2015
Posts: 4
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| Post: #165 Posted: Mon Mar 30, 2015 8:15 pm Post subject: Re: Query |
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| sumesh_sol wrote: | | singhx4d wrote: | Alchemist i have one qyery:
Suppose bullish crossover is done on 30minute tf and at that time RSI is in overbought zone then in that case what should we do??
Your guidance will be highly appreciated... |
Alchemist may be better person to guide on this. But what I understood from various discussion with Alc is that if bigger tf, say eod is in downtrend, generally it is expected that price *may* rebound from overbought area and vice versa.
So , if we have a bullish crossover (with RSI overbought) and daily chart is in downtrend, I feel we can take long but half the regular qty. But if daily is in uptrend, and bullish crossover happens (with RSI overbought), we can take long with full qty . |
Thanks Sumesh sir |
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