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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #466  Posted: Thu Oct 08, 2015 9:20 pm Post subject: |
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profit booking parameter
i) 5/34 crossover (with ? or without? confirmation of tick above / below cross over candle); (for entry this additional confirmation is required, same for SL?) or
ii) RSI above 70 or
iii) 1% or 2% - does it figure in scheme of things.??
iv) above are guidelines? and you decide basis market condition which parameter to choose...!!
v) option method for profit booking an add on.
pls guide once more in very brief on 1st and 3rd point.
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #467 Posted: Fri Oct 09, 2015 9:18 am Post subject: |
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| amitagg wrote: | profit booking parameter
i) 5/34 crossover (with ? or without? confirmation of tick above / below cross over candle); (for entry this additional confirmation is required, same for SL?) or
ii) RSI above 70 or
iii) 1% or 2% - does it figure in scheme of things.??
iv) above are guidelines? and you decide basis market condition which parameter to choose...!!
v) option method for profit booking an add on.
pls guide once more in very brief on 1st and 3rd point. |
book 50% profit when RSI becomes overbought (in case you are long), hedge with selling calls if RSI starts showing negative divergence....
Exit longs 100% when 5/34 bearish cross happens and candle lows taken out as yesterday.
Cheers
SH
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #468 Posted: Fri Oct 09, 2015 9:21 am Post subject: |
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| thanks,
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #469 Posted: Thu Oct 15, 2015 11:42 am Post subject: |
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5/34 bullish crossover done @ 15/10/2015 @ 10.00 candle.
High 8181
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #470 Posted: Thu Oct 15, 2015 12:18 pm Post subject: |
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| High Breached ie 8182 at 12.30 candle
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #471 Posted: Sat Oct 17, 2015 6:08 pm Post subject: |
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| Alchemist wrote: | | amitagg wrote: | profit booking parameter
i) 5/34 crossover (with ? or without? confirmation of tick above / below cross over candle); (for entry this additional confirmation is required, same for SL?) or
ii) RSI above 70 or
iii) 1% or 2% - does it figure in scheme of things.??
iv) above are guidelines? and you decide basis market condition which parameter to choose...!!
v) option method for profit booking an add on.
pls guide once more in very brief on 1st and 3rd point. |
book 50% profit when RSI becomes overbought (in case you are long), hedge with selling calls if RSI starts showing negative divergence....
Exit longs 100% when 5/34 bearish cross happens and candle lows taken out as yesterday.
Cheers
SH |
What is the timeframe for RSI? 14?
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #472 Posted: Mon Oct 19, 2015 9:39 am Post subject: |
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| Yes
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #473 Posted: Mon Oct 19, 2015 5:00 pm Post subject: |
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Thanks 
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Allwell
White Belt
Joined: 24 Jan 2010
Posts: 183
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| Post: #474 Posted: Tue Oct 20, 2015 9:59 am Post subject: silver 30 tf |
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Silver turns sell yesterday...
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #475 Posted: Wed Oct 21, 2015 1:03 pm Post subject: |
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| Alchemist...Should Bank nifty longs be closed and neutral position taken as 12.30 candle's low was taken out or should we keep the longs in bank nifty as low of 12.30 candle and the 200 ema are nearly the same,should the bank nifty longs be closed and neutral position taken when a candle closes below the 200 ema...please guide
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #476 Posted: Mon Oct 26, 2015 8:49 pm Post subject: |
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| yashrahul wrote: | | Alchemist...Should Bank nifty longs be closed and neutral position taken as 12.30 candle's low was taken out or should we keep the longs in bank nifty as low of 12.30 candle and the 200 ema are nearly the same,should the bank nifty longs be closed and neutral position taken when a candle closes below the 200 ema...please guide |
Hi - Exit as per rules.
Cheers
SH
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #477 Posted: Mon Oct 26, 2015 10:36 pm Post subject: |
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| Alchemist wrote: | | yashrahul wrote: | | Alchemist...Should Bank nifty longs be closed and neutral position taken as 12.30 candle's low was taken out or should we keep the longs in bank nifty as low of 12.30 candle and the 200 ema are nearly the same,should the bank nifty longs be closed and neutral position taken when a candle closes below the 200 ema...please guide |
Hi - Exit as per rules.
Cheers
SH |
thanks
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #478 Posted: Wed Oct 28, 2015 1:23 pm Post subject: |
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BNF 5/200 bearish crossover happened at 11.30 am candle.
NF also close to 5/200 bearish crossover.
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #479 Posted: Wed Oct 28, 2015 2:32 pm Post subject: |
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| simply.index wrote: | BNF 5/200 bearish crossover happened at 11.30 am candle.
NF also close to 5/200 bearish crossover. |
Bearish crossover happened in nifty.
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #480 Posted: Wed Oct 28, 2015 3:02 pm Post subject: |
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| Short taken at 8155
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