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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
simply.index
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Joined: 28 Jun 2014
Posts: 158
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Post: #256  Posted: Mon May 18, 2015 3:29 pm Post subject: Re: longs carried..sl/tsl? |
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| kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
Check out previous posts by Alchemist on both targets as well as tsl. |
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kd_100*26
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Joined: 05 Jan 2015
Posts: 30
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| Post: #257 Posted: Mon May 18, 2015 4:57 pm Post subject: Re: longs carried..sl/tsl? |
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| simply.index wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
Check out previous posts by Alchemist on both targets as well as tsl. |
Hello,
Was trying to read the previous posts where i got this-
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.
But i am unable how it actually works ..Can anyone post the actual trade example of today's trade or this week's trade to throw more light into this... |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #258 Posted: Mon May 18, 2015 11:05 pm Post subject: Re: longs carried..sl/tsl? |
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| kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #259 Posted: Mon May 18, 2015 11:30 pm Post subject: Re: longs carried..sl/tsl? |
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| Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
sir, can i buy put in place of selling call. please answer. pls tell if any disadvantage in purchasing put. i m little weak in option. |
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simply.index
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Joined: 28 Jun 2014
Posts: 158
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| Post: #260 Posted: Tue May 19, 2015 1:54 pm Post subject: Re: will Buy trigger above 8315 (spot) ? |
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[quote="simply.index"] | simply.index wrote: | | Allwell wrote: | | so as per new filter will Buy trigger above 8315 (spot) ? |
5/200 Bullish crossover happened in nifty @ 10 am. Long entry trigger is 8322 |
Long triggered @ 8322[/quote
100 points up. |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #261 Posted: Wed May 20, 2015 1:46 pm Post subject: Re: longs carried..sl/tsl? |
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| ajit602 wrote: | | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
sir, can i buy put in place of selling call. please answer. pls tell if any disadvantage in purchasing put. i m little weak in option. |
Alchemist sir.
Plz answer my question. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #262 Posted: Wed May 20, 2015 3:53 pm Post subject: Re: longs carried..sl/tsl? |
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| ajit602 wrote: | | ajit602 wrote: | | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
sir, can i buy put in place of selling call. please answer. pls tell if any disadvantage in purchasing put. i m little weak in option. |
Alchemist sir.
Plz answer my question. |
Yes you can buy puts (next month series and not current month in case we are in the last 2 weeks of expiry).
Cheers
SH |
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kd_100*26
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Joined: 05 Jan 2015
Posts: 30
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| Post: #263 Posted: Wed May 20, 2015 4:06 pm Post subject: is this strategy profitable in last 2 weeks of expiry? |
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Alchemist sir,
Hello...Thanks a lot for letting us know this simple and powerful technique... I have tried using this method 3rd time ..though now i am able to understand how to take the entry ( based on bullish /bearsih crossover signals) Still working on the exit points and TSL...still weak in riding the trend  .what do we have to do if we are purchasing jsut 1 lot .....if possible can you explain using current NF example ....
I am using this strategy using Options..My query is whether this strategy works in last 2 weeks of expiry in case of options? Do we have use this strategy on current months options for 1st 2 weeks and next month's options on last 2 weeks of expiry to be profitable.... |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #264 Posted: Wed May 20, 2015 9:46 pm Post subject: Re: longs carried..sl/tsl? |
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| Alchemist wrote: | | ajit602 wrote: | | ajit602 wrote: | | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
sir, can i buy put in place of selling call. please answer. pls tell if any disadvantage in purchasing put. i m little weak in option. |
Alchemist sir.
Plz answer my question. |
Yes you can buy puts (next month series and not current month in case we are in the last 2 weeks of expiry).
Cheers
SH |
Thanks sir |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #265 Posted: Thu May 21, 2015 10:14 pm Post subject: Re: longs carried..sl/tsl? |
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| Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
Nifty corrected to 34 EMA today which gave the opportunity to book profits on shorted calls (8400 & 8500). This should have given around 20-30 points profit on shorted calls.
Now should be holding naked longs only...
Cheers
SH |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #266 Posted: Thu May 21, 2015 10:51 pm Post subject: Re: longs carried..sl/tsl? |
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[quote="Alchemist"] | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
Nifty corrected to 34 EMA today which gave the opportunity to book profits on shorted calls (8400 & 8500). This should have given around 20-30 points profit on shorted calls.
Now should be holding naked longs only...
Cheers
SH[/quote
Hello Alchemist sir,
Let me sum up the strategy ..correct me if I am wrong
So as per the strategy we will take entry on bullish crossover of 5/200 Ema...
There will be no tsl only a fixed SL which is low of a candle before crossover
If we are long n RSI is overbought (70-80 or onwards)
One lot profit booking+ for 2nd lot hedge the position by selling calls or buying puts..hold them till nifty comes n touches 34 Ema...
If nifty revives then carry forward longs till there is bearish 5/34 EMA crossover...
If nifty doesn't revive n 5ema goes below 34 Ema..SL will get hit leading to squaring off the long positions..
If somebody is holding 1 lot only then book profit when RSI shows overbought n can proceed for buying the puts till nifty corrects itself till 34ema..
What if nifty doesn't correct till 34 Ema n changes the direction in between..where to square off the puts? |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #267 Posted: Mon May 25, 2015 3:59 pm Post subject: |
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Hello,
Watch out.Bank Nifty very much near 200 EMA ..Waiting for bearish 5/200 Crossover for entry... |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #268 Posted: Tue May 26, 2015 2:52 am Post subject: Re: longs carried..sl/tsl? |
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| Alchemist wrote: | | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
Nifty corrected to 34 EMA today which gave the opportunity to book profits on shorted calls (8400 & 8500). This should have given around 20-30 points profit on shorted calls.
Now should be holding naked longs only...
Cheers
SH |
5/34 bearish crossover and candle lows taken out today which means NF longs exited around 8425 today ... its around 110 points profit...add 20/30 points profit from calls and this trade has given 130-140 points profit.
Now wait for either 5/34 bullish crossover to buy again or 5/200 bearish crossover to open new shorts.
Cheers
SH |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #269 Posted: Tue May 26, 2015 3:11 pm Post subject: New Short Position for Indexes |
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Hello,
Fresh Short position got triggered becoz of 5/200 bearish crossover in Bank Nifty and Nifty both...
Bank Nifty around 2 PM low below 18254
Nifty around 2 PM below 8334
Watch out... |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #270 Posted: Wed May 27, 2015 11:18 am Post subject: Re: longs carried..sl/tsl? |
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| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | | kd_100*26 wrote: | | carried nifty longs ..what should be the most apropriate TSL ? On 30 mins Tf the RSI and STockistics shows overbought scenario in such case shall be book the profits or hedge the positions by taking the puts? Pls advice.. |
As RSI is overbought (for nifty index, RSI between 70 & 80 is considered to be overbought) we can do any of three below:
1. Book 50% profit (if nifty has moved up 1% from entry point) OR
2. Sell some OTM calls like 8400 or 8500 in this case (this month series or next month series whichever is trading for more than 100)
If nifty continues to rally, hold calls and do nothing. If Nifty falls to 34 EMA, book profits in shorted calls and hold NF longs as by this time RSI will not be overbought anymore.
Cheers
SH |
Nifty corrected to 34 EMA today which gave the opportunity to book profits on shorted calls (8400 & 8500). This should have given around 20-30 points profit on shorted calls.
Now should be holding naked longs only...
Cheers
SH |
5/34 bearish crossover and candle lows taken out today which means NF longs exited around 8425 today ... its around 110 points profit...add 20/30 points profit from calls and this trade has given 130-140 points profit.
Now wait for either 5/34 bullish crossover to buy again or 5/200 bearish crossover to open new shorts.
Cheers
SH |
Sir plz answer. Its serious matter regarding this strategy. As I use 5 and 200 EMA crossover in 30 min time frame in 20 days or 10 days chart. As per that I did not get 5 and 200/EMA crossover till now. But person who is using 5 day chart. They got it on yesterday. Pls tell. Which will be good to follow. Thanks |
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