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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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Post: #46  Posted: Tue Feb 10, 2015 11:47 pm Post subject: |
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Trade 3
2nd lot gives away 68 points. Profit now 92 pts. |
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #47 Posted: Wed Feb 11, 2015 1:01 pm Post subject: |
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| pvktrade wrote: | Trade 3
5 EMA bearish cross over 200 EMA. Short 2 lots NF 8717 (11 am candle 6 Feb 2015 nifty spot) SL 8891 |
Pvktrade/Alchemist
How is the initial SL decided? Is it close below 200 EMA for long positions?
For trade 3 the SL is 8891. Is the stop loss not very big? Its almost 180 points.
I would be glad if you could throw some light on the above points.
Regards
Shaheer |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #48 Posted: Wed Feb 11, 2015 3:16 pm Post subject: |
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| pvktrade wrote: | Trade 3
2nd lot gives away 68 points. Profit now 92 pts. |
5/34 bullish cross happened today so all profits should be booked in shorts now..... and wait for 5/34 bearish crossover OR wait for 5/200 bullish crossover.
Cheers
SH |
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #49 Posted: Wed Feb 11, 2015 3:18 pm Post subject: |
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| shaheerzaman wrote: | | pvktrade wrote: | Trade 3
5 EMA bearish cross over 200 EMA. Short 2 lots NF 8717 (11 am candle 6 Feb 2015 nifty spot) SL 8891 |
Pvktrade/Alchemist
How is the initial SL decided? Is it close below 200 EMA for long positions?
For trade 3 the SL is 8891. Is the stop loss not very big? Its almost 180 points.
I would be glad if you could throw some light on the above points.
Regards
Shaheer |
SL is 5/200 bullish cross which would happen around 8700 NF (or 8670 spot). This method follow spot charts only.
cheers
SH |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #50 Posted: Wed Feb 11, 2015 11:24 pm Post subject: |
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Trade 3
Closed shorts at 1:00 pm candle close 5 EMA and 34 EMA bullish crossover (nifty spot).
(8717 - 8663) 54 pts + 87 pts (from first lot) = 141 pts
Total 3 trades will give 331 + 141 = 472 pts. In less than one month. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #51 Posted: Thu Feb 12, 2015 3:23 pm Post subject: |
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yorker method going to give a buy before days close as 5/200 bullish cross going to happen at candle's close.
Time to open trade 4
Cheers
SH |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #52 Posted: Thu Feb 12, 2015 4:18 pm Post subject: |
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| Alchemist wrote: | yorker method going to give a buy before days close as 5/200 bullish cross going to happen at candle's close.
Time to open trade 4
Cheers
SH |
I also took NF long as you did on 30tf, but am still not sure of initial SL... means at aprrx. what level can be 5/200 crossdown.. ? |
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singhu2
White Belt
Joined: 12 Oct 2012
Posts: 15
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| Post: #53 Posted: Thu Feb 12, 2015 4:24 pm Post subject: |
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| Alchemist wrote: | yorker method going to give a buy before days close as 5/200 bullish cross going to happen at candle's close.
Time to open trade 4
Cheers
SH |
Went long 4 lots at 8758...cheers |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #54 Posted: Thu Feb 12, 2015 11:46 pm Post subject: |
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| Alchemist wrote: | yorker method going to give a buy before days close as 5/200 bullish cross going to happen at candle's close.
Time to open trade 4
Cheers
SH |
Trade 4
long 2 lots NF at 8760 as per Alchemist. Else you can buy tomorrow's open as 5 EMA and 200 EMA bullish crossover 15:30 candle 12th Feb 2015.
SL 8626 |
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #55 Posted: Fri Feb 13, 2015 9:57 am Post subject: |
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pvktrade - SL is opposite cross over of 5/200 to start with....
Cheers
SH |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #56 Posted: Fri Feb 13, 2015 3:22 pm Post subject: |
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banknifty also makes a 5/200 crossover.
SH let me know if posting bnf is ok here else I shall remove this post.
BTW, the nifty crossover gave handsome profit today. Cheers... |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #57 Posted: Fri Feb 13, 2015 3:27 pm Post subject: |
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SimplyIndex..
May I request that you start another thread maybe call it
30 minutes swinging yorker method - BankNifty
separate thread, same concept, it will be awesome, if you get the time to update that !!
regards, |
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #58 Posted: Sat Feb 14, 2015 1:30 pm Post subject: |
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Alchemist,
There was a 5/34 bearish crossover on 12/2/2015 1 pm candle. Why didnt you go short then?
Thanks
Shaheer |
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #59 Posted: Sat Feb 14, 2015 11:05 pm Post subject: |
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trade 4
at NF 8810 1st lot booked = (8760-8810) 50 pts
2nd lot continues to earn profit (8847-8760) 87 pts |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #60 Posted: Mon Feb 16, 2015 11:42 am Post subject: |
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| shaheerzaman wrote: | Alchemist,
There was a 5/34 bearish crossover on 12/2/2015 1 pm candle. Why didnt you go short then?
Thanks
Shaheer |
Shaheer - I trade based on nifty spot charts crossover...please check nifty spot charts ...there was no 5/34 bearish cross.
Cheers
SH |
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