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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
parandwals
White Belt
Joined: 31 Jul 2008
Posts: 8
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Post: #541  Posted: Tue Feb 02, 2016 4:33 pm Post subject: |
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Friends which charts is to be use for this stratagy i mean which chart u people are using for plotting this 5/34/200 ema pls suggest me though i m newone.
Thanx
sunil parandwal |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #542 Posted: Tue Feb 02, 2016 6:18 pm Post subject: perfect |
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| It is perfectly working well. Follow the steps and close your mind to what is happening around. Trade with less brokerage people for max profits. |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #543 Posted: Tue Feb 02, 2016 6:22 pm Post subject: Re: hi |
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| bharatpatel wrote: | Dear Friends ..
Gone through entire thread .. what i have understood is ..
- 30 min. chart ..
- plot 5,34,200 EMA's
- Use 5 & 200 Ema crossover to enter trade with minimum 2 lots.
- Book 1 lot around 50-55 points
- Hold remaining qty & trail for opposite crossover to happen.
Rightnow we are looking for 5x200 ema crossover to open short. Will liquidate remaining qty once 5x34 negative crossover happens (Nil Position).
Can i open short trade @ 5x34 negative crossover ? today.. or compulsory to wait for 5x200 crossover ?
Seniors pls correct me if i am wrong.
Asking it coz willing to trade it blindly & mechanically..
Regards,
Bharat.. |
It is suppose to be 5/200 cross over. You may be lucky this time and double lucky as last candle is 5/200 c/o. In future never go away from rules.
Remember your only enemy in the market is YOU only.... |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 397
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| Post: #544 Posted: Tue Feb 02, 2016 6:47 pm Post subject: Re: hi |
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| anusantosh wrote: | | bharatpatel wrote: | Dear Friends ..
Gone through entire thread .. what i have understood is ..
- 30 min. chart ..
- plot 5,34,200 EMA's
- Use 5 & 200 Ema crossover to enter trade with minimum 2 lots.
- Book 1 lot around 50-55 points
- Hold remaining qty & trail for opposite crossover to happen.
Rightnow we are looking for 5x200 ema crossover to open short. Will liquidate remaining qty once 5x34 negative crossover happens (Nil Position).
Can i open short trade @ 5x34 negative crossover ? today.. or compulsory to wait for 5x200 crossover ?
Seniors pls correct me if i am wrong.
Asking it coz willing to trade it blindly & mechanically..
Regards,
Bharat.. |
It is suppose to be 5/200 cross over. You may be lucky this time and double lucky as last candle is 5/200 c/o. In future never go away from rules.
Remember your only enemy in the market is YOU only.... |
Thanks Brother for reply .. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 397
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| Post: #545 Posted: Wed Feb 03, 2016 9:20 am Post subject: Re: hi |
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| bharatpatel wrote: | | anusantosh wrote: | | bharatpatel wrote: | Dear Friends ..
Gone through entire thread .. what i have understood is ..
- 30 min. chart ..
- plot 5,34,200 EMA's
- Use 5 & 200 Ema crossover to enter trade with minimum 2 lots.
- Book 1 lot around 50-55 points
- Hold remaining qty & trail for opposite crossover to happen.
Rightnow we are looking for 5x200 ema crossover to open short. Will liquidate remaining qty once 5x34 negative crossover happens (Nil Position).
Can i open short trade @ 5x34 negative crossover ? today.. or compulsory to wait for 5x200 crossover ?
Seniors pls correct me if i am wrong.
Asking it coz willing to trade it blindly & mechanically..
Regards,
Bharat.. |
It is suppose to be 5/200 cross over. You may be lucky this time and double lucky as last candle is 5/200 c/o. In future never go away from rules.
Remember your only enemy in the market is YOU only.... |
Thanks Brother for reply .. |
One remaining lot is running on good profit .. but how to handle it now ?? wait till 5x34 positive cross over or what to do ? or book here and seat idle for next trade on c/o ? |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #546 Posted: Wed Feb 03, 2016 9:31 am Post subject: |
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| Thanks for explanation, |
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #547 Posted: Wed Feb 03, 2016 10:29 am Post subject: |
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Nifty Yorker shorts to be triggered at 7470. Break of first candle today.
Wanted to confirm
Thanks |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #548 Posted: Thu Feb 04, 2016 7:12 pm Post subject: |
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| grshnehete wrote: | Nifty Yorker shorts to be triggered at 7470. Break of first candle today.
Wanted to confirm
Thanks |
IT was 7370 not 7470.
But does one want to enter so far off the 200ema!?
Guess not |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #549 Posted: Thu Feb 04, 2016 7:52 pm Post subject: |
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On 2nd Feb, last 30 minute candle gave 5/200 crossover however as it was the last candle we could not take the short trade as we need to wait for the lows of that candle to break before we take short.
Next day we gapped down by 100 odd points and shorting at that level was pure madness given the price was so away from 200 EMA. As the stoploss is opposite reversal of 5/200 EMA, it would have been a 200-250 point SL and hence I skipped this trade.
I have taken the ADD trades though which allows me to short with small SL.
So I added my Yorker short volume to my ADD short volume.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #550 Posted: Fri Feb 12, 2016 6:57 pm Post subject: |
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Yorker buy was triggered on 8th Feb at 7522 (NF) .. made a high of 7535 odd before reversing and giving bearish Yorker at 7415 (NF). This trade costed me a loss of 120 points.
Took the Yorker short at 7415 on 8th Feb .... 50% booked at 7315 (100 points) and rest 50% holding ... when nifty had hit 7215 on 10th Feb (200 point profit) I had sold 7200 PE at 111
Right now NF is trading at 6981 (434 points profit) and 7200PE trading at 215 (143 points loss). Net net 291 points profit running on this 50%
Cheers
SH |
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JAYSHREEHARI
White Belt
Joined: 30 Jan 2010
Posts: 22
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| Post: #551 Posted: Sun Feb 14, 2016 6:56 pm Post subject: |
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| Alchemist wrote: | Yorker buy was triggered on 8th Feb at 7522 (NF) .. made a high of 7535 odd before reversing and giving bearish Yorker at 7415 (NF). This trade costed me a loss of 120 points.
Took the Yorker short at 7415 on 8th Feb .... 50% booked at 7315 (100 points) and rest 50% holding ... when nifty had hit 7215 on 10th Feb (200 point profit) I had sold 7200 PE at 111
Right now NF is trading at 6981 (434 points profit) and 7200PE trading at 215 (143 points loss). Net net 291 points profit running on this 50%
Cheers
SH |
Dear SH,
1) On 8 feb , 2.30 candle completed with 5/200 -ve crossover(7482). Then why we wait for 5/34 -ve cross at 3.00pm (low 7406).
Or is it because nifty spot was still above 34 ema at 2.30 pm.
2) If in case the candle at 2.30 was closed below 34ema (7470) but 5/34 -ve cross not happens. If such situation comes should we reverse the trade
at this point or still to wait for 5/34 cross also.
Thanks. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #552 Posted: Mon Feb 15, 2016 6:33 pm Post subject: |
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have no clue why you are talking about 5/34 crossover ... bearish crossover of 5/200 is what triggered the short trade.
Cheers
SH |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #553 Posted: Tue Feb 16, 2016 8:10 pm Post subject: |
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Hi SH,
as per gap rules, 100% shorts exited at breach of 9.30 am candle high on 15th feb... and fresh short initiated on 5/34 bearish CO today below low of i.e 7101... correct??....
ritesh
| Alchemist wrote: | Yorker buy was triggered on 8th Feb at 7522 (NF) .. made a high of 7535 odd before reversing and giving bearish Yorker at 7415 (NF). This trade costed me a loss of 120 points.
Took the Yorker short at 7415 on 8th Feb .... 50% booked at 7315 (100 points) and rest 50% holding ... when nifty had hit 7215 on 10th Feb (200 point profit) I had sold 7200 PE at 111
Right now NF is trading at 6981 (434 points profit) and 7200PE trading at 215 (143 points loss). Net net 291 points profit running on this 50%
Cheers
SH |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #554 Posted: Wed Feb 17, 2016 4:33 pm Post subject: |
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hello SH,
short re-entry taken yest gave almost 100 points today... finally closed short by EOD as 5/34 bullish CO happened.... no longs yet cause still below EMA 200...
pls correct me if i am wrong.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #555 Posted: Wed Feb 17, 2016 5:51 pm Post subject: |
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| riteshucha wrote: | hello SH,
short re-entry taken yest gave almost 100 points today... finally closed short by EOD as 5/34 bullish CO happened.... no longs yet cause still below EMA 200...
pls correct me if i am wrong.... |
"almost 100 points" - so ritesh one exits at 70 points or 100 points or what (rsi levels etc.)....lets only post exit levels as per Alchemist system (as he used to post).....for instance to guide when should profit booking happen in live market.
one lot - say X points
second say - at cost.? |
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