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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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Post: #271  Posted: Wed May 27, 2015 4:31 pm Post subject: |
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Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg... 
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #272 Posted: Wed May 27, 2015 10:03 pm Post subject: Re: longs carried..sl/tsl? |
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| ajit602 wrote: | | 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 |
Alchemist sir plz reply . |
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smile.dhanno
White Belt
Joined: 19 May 2011
Posts: 28
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| Post: #273 Posted: Wed May 27, 2015 10:35 pm Post subject: Re: longs carried..sl/tsl? |
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| ajit602 wrote: | | ajit602 wrote: | | 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 |
Alchemist sir plz reply . |
Ajit....what kind of question is this.......200 30M candle will give you the first 200 EMA....so adjust your charts accordingly.....u need a minimum of 16 days 30M candle to see this ema.....after that it is continuous. |
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smile.dhanno
White Belt
Joined: 19 May 2011
Posts: 28
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| Post: #274 Posted: Wed May 27, 2015 10:39 pm Post subject: |
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| kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor. |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #275 Posted: Wed May 27, 2015 10:53 pm Post subject: |
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| smile.dhanno wrote: | | kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor.
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Sir you r right I see the chart in 20 days. So today I got bearish crossover of 5 and 200ema cross over and low of that was 8309 . so I took as per level. And exit just before 1530 cancel as I assumed it will be bullish crossover. But today before my message . some body was claimed that bearish crossover of 5 and 200 EMA was happened at 8425. So how it happened. Because if u take chart of 20 days and above 200 EMA is equal for all. Whether it is 100 days chart or 250 days chart. That confirmation I want from seniors. So that there should not be any doubt in the level. Thanks |
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smile.dhanno
White Belt
Joined: 19 May 2011
Posts: 28
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| Post: #276 Posted: Thu May 28, 2015 9:46 am Post subject: |
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| ajit602 wrote: | | smile.dhanno wrote: | | kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor.
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Sir you r right I see the chart in 20 days. So today I got bearish crossover of 5 and 200ema cross over and low of that was 8309 . so I took as per level. And exit just before 1530 cancel as I assumed it will be bullish crossover. But today before my message . some body was claimed that bearish crossover of 5 and 200 EMA was happened at 8425. So how it happened. Because if u take chart of 20 days and above 200 EMA is equal for all. Whether it is 100 days chart or 250 days chart. That confirmation I want from seniors. So that there should not be any doubt in the level. Thanks |
Ajit.....8425 was a 5/34 bearish crossover that made us exit our longs.....read the rules carefully.....
Entry
1. 5/200
Re-Entry
1. 5/34
Profit Booking
1. 5/34
Now this is valid for all crossovers
Example: 5/200 bullish crossover we enter then we will wait till 5/34 bearish to book profit and after booking will sit idle waiting for either 5/34 bullish to enter longs again or 5/200 bearish to enter shots.
Hope this makes it clear to you. |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #277 Posted: Thu May 28, 2015 10:00 am Post subject: |
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| smile.dhanno wrote: | | ajit602 wrote: | | smile.dhanno wrote: | | kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor.
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Sir you r right I see the chart in 20 days. So today I got bearish crossover of 5 and 200ema cross over and low of that was 8309 . so I took as per level. And exit just before 1530 cancel as I assumed it will be bullish crossover. But today before my message . some body was claimed that bearish crossover of 5 and 200 EMA was happened at 8425. So how it happened. Because if u take chart of 20 days and above 200 EMA is equal for all. Whether it is 100 days chart or 250 days chart. That confirmation I want from seniors. So that there should not be any doubt in the level. Thanks |
Ajit.....8425 was a 5/34 bearish crossover that made us exit our longs.....read the rules carefully.....
Entry
1. 5/200
Re-Entry
1. 5/34
Profit Booking
1. 5/34
Now this is valid for all crossovers
Example: 5/200 bullish crossover we enter then we will wait till 5/34 bearish to book profit and after booking will sit idle waiting for either 5/34 bullish to enter longs again or 5/200 bearish to enter shots.
Hope this makes it clear to you. |
Thanks sir |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #278 Posted: Thu May 28, 2015 10:12 am Post subject: |
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| which time frame |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #279 Posted: Thu May 28, 2015 10:42 am Post subject: is that short now? |
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| Is that short now if the current bar ends around 8330 spot - so there may be a bearish cross over |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #280 Posted: Thu May 28, 2015 3:46 pm Post subject: |
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| smile.dhanno wrote: | | kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor. |
Hey,
Thanks ..will keep in mind from next time...Well what is CTC? How do you move the TSL? Is it based on strategy that we should keep our stoploss as previous low/high...something like this? |
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smile.dhanno
White Belt
Joined: 19 May 2011
Posts: 28
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| Post: #281 Posted: Fri May 29, 2015 12:45 am Post subject: |
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| kd_100*26 wrote: | | smile.dhanno wrote: | | kd_100*26 wrote: | Alchemist sir,
I initiated fresh shorts yesterday when banknifty and nifty showed 5/200 crossover...Missed the exit entry for Banknifty( 5/200 bullish crossover) and now it has moved up like anythg...
where can i exit with minimal losses...? Any chances of BankNifty getting corrected in coming week? |
May be Alchemist Sir can answer better.....but my suggestions exit tomorrow.....RBI policy ahead so I feel banks will go up for sometime. This is a mechanical system bro so exit means exit....also try to trade using TSL and first and foremost use CTC if it moves in your favor. |
Hey,
Thanks ..will keep in mind from next time...Well what is CTC? How do you move the TSL? Is it based on strategy that we should keep our stoploss as previous low/high...something like this? |
If you stick to the original plan then yes....you should exit only as per rule......but if you trade single lot then use
CTC - Cost to Cost.......the price u entered position
TSL - Trailing stop loss
Lets say your position moves in a profit of 50-60 points....i guess you wont love to take a loss from there so move ur sl to your entry point....and if the pos moves in favor more like 100-120 pts trail your sl to lock sure profit.....
As per original strategy you should hedge with options....but it might not be possible for a small trader or a beginner to invest huge amount of money initially.
This is how I used to trade, its out of rule but atleast I ensured some amount of take home money  |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #282 Posted: Mon Jun 01, 2015 3:51 am Post subject: |
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Previous trade:
Date 26th May 2015 - Bearish cross happened and candle lows breached at 8322 nifty spot to initiate shorts. As the shorts triggered just before expiry, NF shorts taken in June series.
Next day mkts gapped down and made low of 8277 nifty spot, RSI hit below 30 (oversold) hence 8250 or 8200 puts (june series) to be sold to hedge (target 34 EMA to book shorted puts).
Next day mkts touched 34 EMA at around 8346 so profits in puts booked (30-35 points profit) and continue to hold NF shorts. Nifty made new low of 8270 and RSI starting showing positive divergence (again puts to be sold to hedge target 34 EMA).
29th May - Mkts reversed as positive divergence kicked in and eventually 5/34 bullish cross happened and highs of that candle taken out at around 8361 (nifty spot). Shorts closed with around 40 points loss (however loss recovered due to profits in shorted puts).
Current trade
Same day on 29th may, bullish Yorker happened 5/200 cross and highs taken out to trigger longs at around 8406 nifty spot. NF longs taken. However as RSI was above 70 already, shorted some 8400 calls to hedge (target to book when nifty spot touches 34 EMA).
So currently holding NF longs and CE shorts (same quantity). RSI is showing negative divergence so a possible down move possible to 34 EMA where I would book shorted calls.
Cheers
SH
Last edited by Alchemist on Mon Jun 01, 2015 11:29 am; edited 1 time in total |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #283 Posted: Mon Jun 01, 2015 7:42 am Post subject: |
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| Alchemist wrote: | Previous trade:
Date 26th May 2015 - Bearish cross happened and candle lows breached at 8322 nifty spot to initiate shorts. As the shorts triggered just before expiry, NF shorts taken in June series.
Next day mkts gapped down and made low of 8277 nifty spot, RSI hit below 70 (oversold) hence 8250 or 8200 puts (june series) to be sold to hedge (target 34 EMA to book shorted puts).
Next day mkts touched 34 EMA at around 8346 so profits in puts booked (30-35 points profit) and continue to hold NF shorts. Nifty made new low of 8270 and RSI starting showing positive divergence (again puts to be sold to hedge target 34 EMA).
29th May - Mkts reversed as positive divergence kicked in and eventually 5/34 bullish cross happened and highs of that candle taken out at around 8361 (nifty spot). Shorts closed with around 40 points loss (however loss recovered due to profits in shorted puts).
Current trade
Same day on 29th may, bullish Yorker happened 5/200 cross and highs taken out to trigger longs at around 8406 nifty spot. NF longs taken. However as RSI was above 70 already, shorted some 8400 calls to hedge (target to book when nifty spot touches 34 EMA).
So currently holding NF longs and CE shorts (same quantity). RSI is showing negative divergence so a possible down move possible to 34 EMA where I would book shorted calls.
Cheers
SH |
Hello Alchemist Sir,
Wow ...explained the strategy very well through this example...Reading at it we get a feel how simple you are trying to keep it..No complexities..just we have to follow the startegy rules ...that's all....
Thanks a lot sir for guiding us ...no confusion now.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #284 Posted: Mon Jun 01, 2015 12:36 pm Post subject: |
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| the call put hedge play is still subjective 'may be'...and that adds flavour to the overall strategy. |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #285 Posted: Mon Jun 01, 2015 6:34 pm Post subject: |
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Next day mkts gapped down and made low of 8277 nifty spot, RSI hit below 70 (oversold) hence 8250 or 8200 puts (june series) to be sold to hedge (target 34 EMA to book shorted puts).
Next day mkts touched 34 EMA at around 8346 so profits in puts booked (30-35 points profit)
Now how to calculate sold put/call profit /loss in final calculation.Can somebody pl. explain it with example?
Regards |
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