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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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Post: #166  Posted: Mon Mar 30, 2015 8:38 pm Post subject: |
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I agree with Sumesh's responses. While this system is 95% mechanical, however we will always have scenarios where 'thinking on the feet' and 'gut feel' will kick in to decide what to do.
Trading is not a 100% science, its an art which means there will always be a scope to make discretionary decisions in 5% cases.
Cheers
SH
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #167 Posted: Mon Mar 30, 2015 10:01 pm Post subject: |
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| Alchemist wrote: | I agree with Sumesh's responses. While this system is 95% mechanical, however we will always have scenarios where 'thinking on the feet' and 'gut feel' will kick in to decide what to do.
Trading is not a 100% science, its an art which means there will always be a scope to make discretionary decisions in 5% cases.
Cheers
SH |
Sir
Your strategy is very good. But I tried 5 EMA and 34 ema crossover in 30 min. Time frame for last last one year back tasting and found that results are good. Thanks.
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #168 Posted: Mon Mar 30, 2015 10:08 pm Post subject: |
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| ajit602 wrote: | | Alchemist wrote: | I agree with Sumesh's responses. While this system is 95% mechanical, however we will always have scenarios where 'thinking on the feet' and 'gut feel' will kick in to decide what to do.
Trading is not a 100% science, its an art which means there will always be a scope to make discretionary decisions in 5% cases.
Cheers
SH |
Sir
Your strategy is very good. But I tried 5 EMA and 34 ema crossover in 30 min. Time frame for last last one year back tasting and found that results are good. Thanks. |
Hi Ajit602,
Did you used only 5 ema and 34 ema in you backtesting or you also included 200 EMA for taking only directional trades ?
Regards
Hydrogen
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #169 Posted: Mon Mar 30, 2015 11:05 pm Post subject: |
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| Hydrogen wrote: | | ajit602 wrote: | | Alchemist wrote: | I agree with Sumesh's responses. While this system is 95% mechanical, however we will always have scenarios where 'thinking on the feet' and 'gut feel' will kick in to decide what to do.
Trading is not a 100% science, its an art which means there will always be a scope to make discretionary decisions in 5% cases.
Cheers
SH |
Sir
Your strategy is very good. But I tried 5 EMA and 34 ema crossover in 30 min. Time frame for last last one year back tasting and found that results are good. Thanks. |
Hi Ajit602,
Did you used only 5 ema and 34 ema in you backtesting or you also included 200 EMA for taking only directional trades ?
Regards
Hydrogen |
i used 5 ema and 34 ema only with 30 min time frame. and rest rules as per alcemist sir strategy.
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snehil2010
White Belt
Joined: 04 Feb 2015
Posts: 19
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| Post: #170 Posted: Tue Mar 31, 2015 1:28 pm Post subject: |
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Hi Ajit,
Please post your entry and exit rules and backtesting report.
Thanks,
Snehil
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #171 Posted: Tue Mar 31, 2015 3:07 pm Post subject: |
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| Almost 100 points achieved in 5 &34 EMA crossover.
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #172 Posted: Tue Mar 31, 2015 4:57 pm Post subject: |
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| ajit602 wrote: | | Hydrogen wrote: | | ajit602 wrote: | | Alchemist wrote: | I agree with Sumesh's responses. While this system is 95% mechanical, however we will always have scenarios where 'thinking on the feet' and 'gut feel' will kick in to decide what to do.
Trading is not a 100% science, its an art which means there will always be a scope to make discretionary decisions in 5% cases.
Cheers
SH |
Sir
Your strategy is very good. But I tried 5 EMA and 34 ema crossover in 30 min. Time frame for last last one year back tasting and found that results are good. Thanks. |
Hi Ajit602,
Did you used only 5 ema and 34 ema in you backtesting or you also included 200 EMA for taking only directional trades ?
Regards
Hydrogen |
i used 5 ema and 34 ema only with 30 min time frame. and rest rules as per alcemist sir strategy. |
Thanks for your prompt reply
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #173 Posted: Tue Mar 31, 2015 5:48 pm Post subject: |
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| ajit602 wrote: | | Almost 100 points achieved in 5 &34 EMA crossover. |
EMAs did not cross in my system......5 & 34 .... 30tf...
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #174 Posted: Wed Apr 01, 2015 12:27 am Post subject: |
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| amitagg wrote: | | ajit602 wrote: | | Almost 100 points achieved in 5 &34 EMA crossover. |
EMAs did not cross in my system......5 & 34 .... 30tf... |
sir,
i am talking about. 5 34 ema bullish crossover which happened 30 mar 15. and made a high of 8447. after crossing 8447 in nxt candle. long at 8450 and today you got 8550 high. 100 points from position.
but as per alchemist sir this position should not be taken as we are below 200 ema.
thanks
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #175 Posted: Wed Apr 01, 2015 12:31 am Post subject: |
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| snehil2010 wrote: | Hi Ajit,
Please post your entry and exit rules and backtesting report.
Thanks,
Snehil |
snehi.
all the rules are same as the alchemist sir strategy. but in this we will not miss any cross over whether it is above or below 200 ema.
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #176 Posted: Wed Apr 01, 2015 9:41 am Post subject: |
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hi,
banknifty- spot 9:30 candle and 5x34 happened
however no trending movement yet seen
regards
girish
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #177 Posted: Wed Apr 01, 2015 12:25 pm Post subject: |
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update at 12:00 hrs
banknifty spot 5x34 bullish xover occured and previous short opportunity vanished
no longs as 5<200 ema
earlier bearish xover entry did not materilise as low was not taken out
regards
girish
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #178 Posted: Wed Apr 01, 2015 3:48 pm Post subject: |
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yeah .. no trade in Bank Nifty or Nifty today ....
Cheers
SH
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aviator61
White Belt
Joined: 17 Mar 2008
Posts: 15
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| Post: #179 Posted: Sat Apr 04, 2015 6:53 pm Post subject: Entry Cues? |
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Dear Alchemist Sir,
In 30 TF Spot Nifty chart, the candle has just crossed 200 EMA.
What other cues do I look for before entry on Monday? That the 5 EMA crosses the 200 EMA and the close of the next candle is above 8600 to confirm the trend. Right? Anything else?
Regards.
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #180 Posted: Mon Apr 06, 2015 9:39 am Post subject: |
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| Alchemist wrote: | 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 |
banknifty
spot closed below 200 ema
?????
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