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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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Post: #61  Posted: Mon Feb 16, 2015 12:13 pm Post subject: |
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Please take a look. I am attaching the image.
Thanks
Shaheer
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #62 Posted: Mon Feb 16, 2015 7:32 pm Post subject: |
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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
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #63 Posted: Mon Feb 16, 2015 8:57 pm Post subject: |
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| 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,
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pvktrade
White Belt
Joined: 08 Mar 2013
Posts: 24
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| Post: #64 Posted: Tue Feb 17, 2015 10:06 pm Post subject: |
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Trade 4
2nd lot loses 1 pt (8846-8760) total gain on second 86 pts (16th Feb 2015)
at NF 8810 1st lot booked = (8760-8810) 50 pts (13th Feb 2015)
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #65 Posted: Wed Feb 18, 2015 11:48 am Post subject: |
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| 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
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #66 Posted: Thu Feb 19, 2015 9:13 pm Post subject: |
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| pvktrade wrote: | Trade 4
2nd lot loses 1 pt (8846-8760) total gain on second 86 pts (16th Feb 2015)
at NF 8810 1st lot booked = (8760-8810) 50 pts (13th Feb 2015) |
NF closed at 8927 so second lot in 167 points in profit.
Cheers
SH
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #67 Posted: Mon Feb 23, 2015 1:09 pm Post subject: |
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Alchemist,
The crossover has taken place. Have you closed the position?
Thanks
Shaheer
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #68 Posted: Mon Feb 23, 2015 1:17 pm Post subject: |
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| shaheerzaman wrote: | Alchemist,
The crossover has taken place. Have you closed the position?
Thanks
Shaheer |
Nope.. as per the new filter ... the new TSL is low of the candle on which the crossover has taken place. So today crossover candle was 12 PM candle on nifty spot and the low of the candle is 8832 so TSL is 8830.
Longs to continue...
Cheers
SH
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #69 Posted: Mon Feb 23, 2015 10:42 pm Post subject: |
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5/200 crossover done. Low of the crossover candle needs to be taken out to go short.
Alchemist i am i right?
Thanks
Shaheer
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #70 Posted: Tue Feb 24, 2015 11:19 am Post subject: |
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| shaheerzaman wrote: | 5/200 crossover done. Low of the crossover candle needs to be taken out to go short.
Alchemist i am i right?
Thanks
Shaheer |
Again you are watching nifty future charts ... no 5/200 crossover on nifty spot yet.
Cheers
SH
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shaheerzaman
White Belt
Joined: 05 Aug 2014
Posts: 93
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| Post: #71 Posted: Tue Feb 24, 2015 11:36 am Post subject: |
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| Alchemist wrote: | | shaheerzaman wrote: | 5/200 crossover done. Low of the crossover candle needs to be taken out to go short.
Alchemist i am i right?
Thanks
Shaheer |
Again you are watching nifty future charts ... no 5/200 crossover on nifty spot yet.
Cheers
SH |
Alchemist,
Take a look at the picture. Its the nifty spot chart.
thanks
Shaheer
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #72 Posted: Tue Feb 24, 2015 1:45 pm Post subject: |
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Shaheer - for benefit of any other reader who might get confused by your post, I understand your setting problem with charts is resolved now ...there was no bearish cross on spot charts.
Cheers
SH
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #73 Posted: Tue Feb 24, 2015 1:59 pm Post subject: |
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| Alchemist wrote: | Shaheer - for benefit of any other reader who might get confused by your post, I understand your setting problem with charts is resolved now ...there was no bearish cross on spot charts.
Cheers
SH |
Well said SH,
Infact nifty spot was around the 200ema value (8750) for most part of the day and has bounced from there. If the closing is above 8750, would go long.
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vlp
White Belt
Joined: 09 Dec 2006
Posts: 92
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| Post: #74 Posted: Tue Feb 24, 2015 4:03 pm Post subject: |
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| Alchemist wrote: | Shaheer - for benefit of any other reader who might get confused by your post, I understand your setting problem with charts is resolved now ...there was no bearish cross on spot charts.
Cheers
SH |
Hi,
I think now the bearish crossover is done
vlp
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vlp
White Belt
Joined: 09 Dec 2006
Posts: 92
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| Post: #75 Posted: Tue Feb 24, 2015 4:08 pm Post subject: |
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| vlp wrote: | | Alchemist wrote: | Shaheer - for benefit of any other reader who might get confused by your post, I understand your setting problem with charts is resolved now ...there was no bearish cross on spot charts.
Cheers
SH |
Hi,
I think now the bearish crossover is done
vlp |
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