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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: #376  Posted: Tue Jul 14, 2015 9:04 am Post subject: |
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Bullish yorker cross happened at 10.30 AM and candle high was 8382 spot. This high was breached by 12.30 PM candle and highs initiated at 8395 (NF) levels. Previous shorts took 40 points loss at this stage.
Nifty rose quickly and at around 8475 (NF) mkts hit RSI 70 and hence I booked 50% longs at that stage. Rest 50% held. Markets continues to rise later in the day and RSI hit 73-74 levels which allowed me to sell some 8500 calls at 99 to hedge rest 50%.
These calls will be booked on any correction to 34 EMA, otherwise will be held until expiry.
Cheers
SH |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #377 Posted: Tue Jul 14, 2015 9:24 am Post subject: |
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| Alchemist wrote: | Bullish yorker cross happened at 10.30 AM and candle high was 8382 spot. This high was breached by 12.30 PM candle and highs initiated at 8395 (NF) levels. Previous shorts took 40 points loss at this stage.
Nifty rose quickly and at around 8475 (NF) mkts hit RSI 70 and hence I booked 50% longs at that stage. Rest 50% held. Markets continues to rise later in the day and RSI hit 73-74 levels which allowed me to sell some 8500 calls at 99 to hedge rest 50%.
These calls will be booked on any correction to 34 EMA, otherwise will be held until expiry.
Cheers
SH |
SH, This is purely for academic purpose. Kindly let me know my mistake in reading the 10 am candle as crossover instead of 10.30 am.
The details of 10 and 10.30 am candles y'day are:
open high low close 5ema 200ema
10.00 AM : 8374.1 8384.3 8369 8377.4 8361.8 8354
10.30 AM : 8377.1 8381.8 8362.3 8372.1 8365.2 8354 |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #378 Posted: Tue Jul 14, 2015 12:03 pm Post subject: 8500 Calls |
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If correction to 34 EMA happens why you cover your 8500 Calls? If 34EMA is crossed then this 8500 call has chances of heading towards 0. In any case if 200 EMA is crossed that is almost sure I think....
| Alchemist wrote: | Bullish yorker cross happened at 10.30 AM and candle high was 8382 spot. This high was breached by 12.30 PM candle and highs initiated at 8395 (NF) levels. Previous shorts took 40 points loss at this stage.
Nifty rose quickly and at around 8475 (NF) mkts hit RSI 70 and hence I booked 50% longs at that stage. Rest 50% held. Markets continues to rise later in the day and RSI hit 73-74 levels which allowed me to sell some 8500 calls at 99 to hedge rest 50%.
These calls will be booked on any correction to 34 EMA, otherwise will be held until expiry.
Cheers
SH |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #379 Posted: Tue Jul 14, 2015 12:34 pm Post subject: |
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| as per this "Option" of "Trade Management", 5/200 ema and not 5/34 ema is trend decider for fresh entry as per system and move to 34ema is only considered 'pullback' in main trend continuing till 200ema is also crossed , and move shall reverse to main trend and hence profit on call is booked and future is kept open.....to ride the total trend above 200 ema. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #380 Posted: Tue Jul 14, 2015 10:34 pm Post subject: |
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Yes Amitagg has answered it correctly.
Anusantosh - what if nifty takes support at 34 EMA and reverses in the direction of main trend and runs up 300 points before expiry ... we will miss 201 points as we will pocket only 99 points from selling option. Rest 201 points run will not add any profits in the bottomline.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #381 Posted: Tue Jul 14, 2015 10:42 pm Post subject: |
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| simply.index wrote: | | Alchemist wrote: | Bullish yorker cross happened at 10.30 AM and candle high was 8382 spot. This high was breached by 12.30 PM candle and highs initiated at 8395 (NF) levels. Previous shorts took 40 points loss at this stage.
Nifty rose quickly and at around 8475 (NF) mkts hit RSI 70 and hence I booked 50% longs at that stage. Rest 50% held. Markets continues to rise later in the day and RSI hit 73-74 levels which allowed me to sell some 8500 calls at 99 to hedge rest 50%.
These calls will be booked on any correction to 34 EMA, otherwise will be held until expiry.
Cheers
SH |
SH, This is purely for academic purpose. Kindly let me know my mistake in reading the 10 am candle as crossover instead of 10.30 am.
The details of 10 and 10.30 am candles y'day are:
open high low close 5ema 200ema
10.00 AM : 8374.1 8384.3 8369 8377.4 8361.8 8354
10.30 AM : 8377.1 8381.8 8362.3 8372.1 8365.2 8354 |
Are these nifty spot values ?
Cheers
SH |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #382 Posted: Wed Jul 15, 2015 7:03 am Post subject: Profits |
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The system is in 624 points profit between 18-6-2015 to till date if hedging is not considered...  |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #383 Posted: Wed Jul 15, 2015 9:11 am Post subject: |
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The details of 10 and 10.30 am candles y'day are:
open high low close 5ema 200ema
10.00 AM : 8374.1 8384.3 8369 8377.4 8361.8 8354
10.30 AM : 8377.1 8381.8 8362.3 8372.1 8365.2 8354[/quote]
Are these nifty spot values ?
Cheers
SH[/quote]
Yes SH,
these are nifty spot values. |
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sriharikande
White Belt
Joined: 20 May 2014
Posts: 7
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| Post: #384 Posted: Wed Jul 15, 2015 9:55 am Post subject: |
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| cross over should be with volume or not nessessary,can any body explain,as cross over happened in NMDC,can we trade |
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haritdg
White Belt
Joined: 04 Jul 2012
Posts: 21
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| Post: #385 Posted: Wed Jul 15, 2015 2:07 pm Post subject: Re: Profits |
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| anusantosh wrote: | | The system is in 624 points profit between 18-6-2015 to till date if hedging is not considered... |
Can you share the excel sheet with entry/exit details , if you don't mind.... Thanks in advance.
Is it a total tally of points or 624 pts per lot? |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #386 Posted: Wed Jul 15, 2015 5:22 pm Post subject: Re: Profits |
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| anusantosh wrote: | | The system is in 624 points profit between 18-6-2015 to till date if hedging is not considered... |
Hi
I think Hedging the Nifty is good because this is ensuring that your portfolio is not going down drastically.
If we are playing Naked Nifty Future, There are time, I will say most of the time Nifty will be in a consolidation face and if losses persist then they will make your portfolio down in percentage wise.
And when you are playing with big money, you can Imagine how a person will feel if his portfolio is down by 20%.
सो थोड़ा थोड़ा ही सही कम से कम पोर्टफोलियो तो बचा रहेगा| |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #387 Posted: Wed Jul 15, 2015 6:42 pm Post subject: hedge |
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You are right Hydrogen.
If we are in 100 units nifty trade what may be the ideal hedge quantity of calls or puts? Is that must be 100? Alchemist says kiss of 34 ema to exit, is that price bar touching 34 ema or 5 ema crossing 34 ema with confirmation candle?
It would be very useful if alchemist clarify this... |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #388 Posted: Wed Jul 15, 2015 6:45 pm Post subject: Re: Profits |
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| haritdg wrote: | | anusantosh wrote: | | The system is in 624 points profit between 18-6-2015 to till date if hedging is not considered... |
Can you share the excel sheet with entry/exit details , if you don't mind.... Thanks in advance.
Is it a total tally of points or 624 pts per lot? |
No am wrong in that. Before writing that I haven't consider their 1% or 2% exit. Then later he updated it can also be hedging at that point. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #389 Posted: Thu Jul 16, 2015 6:08 pm Post subject: |
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| Alchemist wrote: | Bullish yorker cross happened at 10.30 AM and candle high was 8382 spot. This high was breached by 12.30 PM candle and highs initiated at 8395 (NF) levels. Previous shorts took 40 points loss at this stage.
Nifty rose quickly and at around 8475 (NF) mkts hit RSI 70 and hence I booked 50% longs at that stage. Rest 50% held. Markets continues to rise later in the day and RSI hit 73-74 levels which allowed me to sell some 8500 calls at 99 to hedge rest 50%.
These calls will be booked on any correction to 34 EMA, otherwise will be held until expiry.
Cheers
SH |
Yorker buy is in 240 points profit (NF) however sold 8500 calls are in 65 point loss.
Cheers
SH |
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SukhiAatma
White Belt
Joined: 21 May 2015
Posts: 3
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| Post: #390 Posted: Sun Jul 19, 2015 10:29 am Post subject: |
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| Alchemist wrote: | Yes Amitagg has answered it correctly.
Anusantosh - what if nifty takes support at 34 EMA and reverses in the direction of main trend and runs up 300 points before expiry ... we will miss 201 points as we will pocket only 99 points from selling option. Rest 201 points run will not add any profits in the bottomline.
Cheers
SH |
Hi Alchemist,
When you say we will pocket only 99 points. Do you mean to say you are sure that your sold options would not have increased in price and leaving you with a loss instead of a 99 point profit.
pls throw some light...
Thanks
SukhiAatma |
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