View previous topic :: View next topic |
Author |
SH 30 minutes swinging yorker method - Nifty (Alchemist) |
vinodgogia White Belt

Joined: 28 Sep 2010 Posts: 20
|
Post: #346 Posted: Wed Jul 08, 2015 3:14 pm Post subject: 5-200 CO |
|
|
5-200 CROSSED PL. SEE THE CHART[img][/img]
Description: |
|
Filesize: |
198.37 KB |
Viewed: |
322 Time(s) |

|
|
|
Back to top |
|
 |
|
 |
tradernaresh White Belt

Joined: 29 May 2014 Posts: 13
|
Post: #347 Posted: Wed Jul 08, 2015 3:30 pm Post subject: Re: 5-200 CO |
|
|
vinodgogia wrote: | 5-200 CROSSED PL. SEE THE CHART[img][/img] |
Strange. My Chart Shows like
Description: |
|
Filesize: |
36.62 KB |
Viewed: |
312 Time(s) |

|
|
|
Back to top |
|
 |
deepakms White Belt

Joined: 13 Aug 2009 Posts: 194
|
Post: #348 Posted: Wed Jul 08, 2015 3:32 pm Post subject: |
|
|
Vinod,
After cross over the low needs to break.....that never happened.
Pls read thru the initial pages to get clarity.
|
|
Back to top |
|
 |
tradernaresh White Belt

Joined: 29 May 2014 Posts: 13
|
Post: #349 Posted: Wed Jul 08, 2015 3:57 pm Post subject: |
|
|
deepakms wrote: | Vinod,
After cross over the low needs to break.....that never happened.
Pls read thru the initial pages to get clarity. |
Deepak .What does your chat show . Does CO happened ?
|
|
Back to top |
|
 |
ajit602 White Belt

Joined: 11 Sep 2012 Posts: 370
|
Post: #350 Posted: Wed Jul 08, 2015 4:16 pm Post subject: |
|
|
5 and 200 EMA crossover not done today.second chart is OK.
|
|
Back to top |
|
 |
deepakms White Belt

Joined: 13 Aug 2009 Posts: 194
|
Post: #351 Posted: Wed Jul 08, 2015 5:58 pm Post subject: |
|
|
Naresh,
My charts matches with the one posted by Vinod.
|
|
Back to top |
|
 |
vinodgogia White Belt

Joined: 28 Sep 2010 Posts: 20
|
Post: #352 Posted: Wed Jul 08, 2015 6:29 pm Post subject: 5-200 |
|
|
Deepak i have gone through initial posts and not found that entry is to be taken if cross over happen wait for low to enter. I have seen Alchemist post sent to PVRtrader saying that it should be entered on cross over to gain more profit. Can you please post the (or send the reference date)entery rules where to get myself corrected. Thanks.
|
|
Back to top |
|
 |
deepakms White Belt

Joined: 13 Aug 2009 Posts: 194
|
Post: #353 Posted: Wed Jul 08, 2015 6:54 pm Post subject: |
|
|
Vinod,
details below.....this is page on page 5/6, pls read thru.
Alchemist wrote: | sumesh_sol wrote: | Alchemist wrote: | Hi - you are right, small crossover not visible to naked eye unless you zoom. I dont know how and why I missed it. It was sell at 8607 and square off at 8632
Cheers
SH |
I have a couple of observation , I may be wrong..
A crossover looks more convincing when it is a clear crossover, like u said correctly, it was not clearly visible by naked eye. So, in my opinion in such cases we should wait for a clear crossover , it may mean loosing few points, but I feel it is worth..
Secondly, after a crossover candle close, trade should be taken only if high/low of the candle is breached as we are trying to catch the momentum created by crossover... Many times , price reverses when such crossover happens. High/Low break will avoid such situations..
Regards, |
Sumesh Sol - you are right, and I like your suggestion of entering/exiting when highs/lows of the crossover candle is taken out.
pvktrade - this is the new filter we are adding to avoid some whipsaws.
cheers
SH |
|
|
Back to top |
|
 |
vinodgogia White Belt

Joined: 28 Sep 2010 Posts: 20
|
Post: #354 Posted: Wed Jul 08, 2015 7:08 pm Post subject: 5-200 |
|
|
Thanks deepak. i have gone through the below message.
Joined: 08 Mar 2013
Posts: 24
Post: #332 PostPosted: 26 Jan 2015 22:58 Post subject: Reply with quote
Hello Alchemist,
We want to make mechanical trading system. Per rule 5 ema cross 200 ema from below in 30 min candle then we go long in next candle.
Hence
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
voyager wrote:
Alchemist wrote:
pvktrade wrote:
Trade 1
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
50 pts booked 1 lot 15 jan 2015 14:30 candle 8518
2nd lot going on
Hello PVK,
Not sure why you have taken 15th Jan opening price as the entry point. The entry point is 14th Jan 15:30 candle close when the crossover happened ie at around 8315 NF. If the crossover is happening on the last candle of the day, we should enter just around 3.28 or 3.29 and not wait for the next morning candle. This is to ensure we catch any gap ups.
So the second lot is 500+ points in profit now. In any case, if someone missed entry on 14th, even then second lot is 350+ points in profit.
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.
Cheers
SH
Alchemist Sir, Thanks for addition more ingredients.
|
|
Back to top |
|
 |
Alchemist Yellow Belt

Joined: 09 Aug 2010 Posts: 853
|
Post: #355 Posted: Wed Jul 08, 2015 8:26 pm Post subject: |
|
|
Vinodgogia - crossover plus candle's lows to be taken out will trigger shorts. Today we did not have any crossover today, leave aside the lows being taken out.
Your chart seems to be trade tiger which will never show you correct position as you need to load atleast 200 days of 30 minutes data to show correct position of 200 EMA.
I would recommend you subscribe to Icharts, its a small price to pay to get the right signals.
Cheers
SH
|
|
Back to top |
|
 |
ajit602 White Belt

Joined: 11 Sep 2012 Posts: 370
|
Post: #356 Posted: Wed Jul 08, 2015 11:13 pm Post subject: |
|
|
Deepk ji
If you see last 20 days chart with 30 min. Time frame you will correct picture. But if you take less than 20 days in your chart. You will get wrong picture.
|
|
Back to top |
|
 |
ajit602 White Belt

Joined: 11 Sep 2012 Posts: 370
|
Post: #357 Posted: Thu Jul 09, 2015 1:00 pm Post subject: |
|
|
5&200 EMA crossover done at 1230 candle. 5 EMA 8359 and 200 EMA 8363. Low is 8346. Senior pls confirm.
|
|
Back to top |
|
 |
ajit602 White Belt

Joined: 11 Sep 2012 Posts: 370
|
Post: #358 Posted: Thu Jul 09, 2015 1:23 pm Post subject: |
|
|
Short taken as low made was 8335. Any body taken or afraid to take as wold market in green. But I think go as per system. Profit or loss is secondary.
|
|
Back to top |
|
 |
amitagg Black Belt

Joined: 01 Oct 2013 Posts: 4559
|
Post: #359 Posted: Thu Jul 09, 2015 1:40 pm Post subject: |
|
|
ajit602 wrote: | Short taken as low made was 8335. Any body taken or afraid to take as wold market in green. But I think go as per system. Profit or loss is secondary. |
Not yet what is stop as per strategy
|
|
Back to top |
|
 |
ajit602 White Belt

Joined: 11 Sep 2012 Posts: 370
|
Post: #360 Posted: Thu Jul 09, 2015 1:59 pm Post subject: |
|
|
amitagg wrote: | ajit602 wrote: | Short taken as low made was 8335. Any body taken or afraid to take as wold market in green. But I think go as per system. Profit or loss is secondary. |
Not yet what is stop as per strategy |
It will be 5& 200 bullish crossover. Or u think something different. Or any cancel close above 8368.
|
|
Back to top |
|
 |
|