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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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Post: #331  Posted: Tue Jun 30, 2015 6:28 am Post subject: |
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5 & 200 EMA bullish crossover done. High is 8329. If breaks. Long can be taken.
Thanks |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #332 Posted: Tue Jun 30, 2015 9:20 am Post subject: |
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| Long initiated. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #333 Posted: Tue Jun 30, 2015 12:31 pm Post subject: |
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| ajit602 wrote: | | Long initiated. |
can u tell where is low of 5/200 ema crossover candle (fixed).....and 34ema (variable) currently placed - 30tf NS |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #334 Posted: Wed Jul 01, 2015 12:43 pm Post subject: |
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| amitagg wrote: | | ajit602 wrote: | | Long initiated. |
can u tell where is low of 5/200 ema crossover candle (fixed).....and 34ema (variable) currently placed - 30tf NS |
Now as per ur chart. At what level we should have make a position. My level was 8329. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #335 Posted: Wed Jul 01, 2015 12:48 pm Post subject: |
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| ajit602 wrote: | | amitagg wrote: | | ajit602 wrote: | | Long initiated. |
can u tell where is low of 5/200 ema crossover candle (fixed).....and 34ema (variable) currently placed - 30tf NS |
Now as per ur chart. At what level we should have make a position. My level was 8329. |
true same level....I was asking for TSL or SL level......
I have "however" exited 50% with 50 points yesterday and balance at 8420 (just below previous high) today (90 points)....... |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #336 Posted: Thu Jul 02, 2015 8:43 am Post subject: |
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Current buy signal in 120 points profit with 50% booked at 100 points as RSI became overbought at around 8435.
Cheers
SH
Last edited by Alchemist on Thu Jul 02, 2015 9:25 am; edited 1 time in total |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #337 Posted: Thu Jul 02, 2015 8:58 am Post subject: |
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| 8335 or 8435? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #338 Posted: Thu Jul 02, 2015 10:10 am Post subject: |
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| ragarwal wrote: | | 8335 or 8435? |
naturally 8435 profit booking level for Alchemist 50%....8335 was only near entry level |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #339 Posted: Mon Jul 06, 2015 4:56 pm Post subject: |
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| Alchemist wrote: | Current buy signal in 120 points profit with 50% booked at 100 points as RSI became overbought at around 8435.
Cheers
SH |
Markets fell to 34 EMA again and gave a chance to buy back the 50% that were booked at around 8435. Today gap down did not give exit signal and mkts ended up clising at new high ..NF at 8540 levels now ...around 210 points profit in current trade.
Cheers
SH |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #340 Posted: Mon Jul 06, 2015 11:57 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | Current buy signal in 120 points profit with 50% booked at 100 points as RSI became overbought at around 8435.
Cheers
SH |
Markets fell to 34 EMA again and gave a chance to buy back the 50% that were booked at around 8435. Today gap down did not give exit signal and mkts ended up clising at new high ..NF at 8540 levels now ...around 210 points profit in current trade.
Cheers
SH |
5/34 ema crossover candle high pierced at 8375 NS level.
thanks |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #341 Posted: Tue Jul 07, 2015 6:14 am Post subject: light in the dark |
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| A wonderful thread which has an intelligent strategy to trade the Nifty successfully. Simply great where it is a ray of light in the dark for a layman... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #342 Posted: Tue Jul 07, 2015 12:34 pm Post subject: Re: light in the dark |
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| anusantosh wrote: | | A wonderful thread which has an intelligent strategy to trade the Nifty successfully. Simply great where it is a ray of light in the dark for a layman... |
yes moreover though a 'simple' strategy as mentioned on page 1, its takes the best trader to trade it the best....... |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #343 Posted: Tue Jul 07, 2015 7:50 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | Current buy signal in 120 points profit with 50% booked at 100 points as RSI became overbought at around 8435.
Cheers
SH |
Markets fell to 34 EMA again and gave a chance to buy back the 50% that were booked at around 8435. Today gap down did not give exit signal and mkts ended up clising at new high ..NF at 8540 levels now ...around 210 points profit in current trade.
Cheers
SH |
Nifty had a small gap up and RSI hit 70+ zone at around 8550 (NF) which gave yet another opportunity to book 50% positions at 8545 ....
As usual, I wait for nifty to correct to 34 EMA once it hits overbought/oversold zone to re-enter the 50% which happened later in the day when Nifty corrected and touched 34 EMA .... I bought back the 50% NF positions again at around 8500 ....
This is the second time I have been able to book 50% at higher levels and buy them back at lower levels ... which has pushed my average buy price of original positions to around 8290 ....
NF closed at 8526 which means yorker longs are now in 236 points profit (8526-8290)
As you would see, in this trade i am not selling calls but instead only booking partial profits whenevr nifty becomes overbought.
Cheers
SH |
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vinodgogia
White Belt
Joined: 28 Sep 2010
Posts: 20
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| Post: #344 Posted: Wed Jul 08, 2015 2:20 pm Post subject: 5-200 CO |
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| 8379.32 200 ema low break down at 11:30 candle Low 8341 and reversed 2 oclock break up ward seem choppy. Stop loss hitting. |
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tradernaresh
White Belt
Joined: 29 May 2014
Posts: 13
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| Post: #345 Posted: Wed Jul 08, 2015 2:33 pm Post subject: Re: 5-200 CO |
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| vinodgogia wrote: | | 8379.32 200 ema low break down at 11:30 candle Low 8341 and reversed 2 oclock break up ward seem choppy. Stop loss hitting. |
There was only covering all your longs at the break of First 30mins low. There was no Signal to Short . 5EMA didnt cross below 200EMA. So how did your SL hit ?
Naresh |
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