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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
pvktrade
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Joined: 08 Mar 2013
Posts: 24
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Post: #1  Posted: Mon Jan 19, 2015 10:32 pm Post subject: SH 30 minutes swinging yorker method - Nifty (Alchemist) |
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Hello
This is simple strategy by Alchemist.
1. Nifty SPOT chart, put 5 EMA and 200 EMA on 30 minutes charts
2. bullish crossover of EMA means buy nifty future ... bearish crossover means SELL
3. Trade management : every trade is 2 lots ... book 50% when you get 50 points profit once the trade is entered ..second lot keep running until signal reverses ! simple enough
4. Just enter trade when 30 minutes candle closes and cross is confirmed (Nifty Spot chart).
Last edited by pvktrade on Mon Jan 19, 2015 11:32 pm; edited 1 time in total |
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pvktrade
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| Post: #2 Posted: Mon Jan 19, 2015 11:31 pm Post subject: |
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Trade 1
Bullish cross 14 Jan 2015 15:30 candle (NS)
Buy 8468 NF 2 lots 15 Jan 2015 as NF opens
50 pts booked 1 lot 15 jan 2015 14:30 candle 8518
2nd lot going on |
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pvktrade
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| Post: #3 Posted: Wed Jan 21, 2015 8:45 am Post subject: |
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Trade 1
1st lot booked 50 pts profit
2nd lot continues to earn profits (8712-8468) 244 pts trade running |
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ashabhagwan
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Joined: 01 Jun 2011
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| Post: #4 Posted: Wed Jan 21, 2015 9:49 am Post subject: 200 ema |
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| 200 ema on 30min charts how to make changes on icharts so that we can see cross over |
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vinay28
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Joined: 24 Dec 2010
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| Post: #5 Posted: Wed Jan 21, 2015 9:49 am Post subject: |
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| why spot chart for trading in fut? also what about options? |
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bearandbull
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Joined: 04 Dec 2014
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| Post: #6 Posted: Wed Jan 21, 2015 11:12 am Post subject: |
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| vinay28 wrote: | | why spot chart for trading in fut? also what about options? |
Vinay Sirji,
My startegy is little different but even I refer to spot price to trade in FUT. My question is how you use FUT charts in last 2 days of series? If next month premium is lets say 50 points on last day of current month and current month premium is less than 10 then ofcourse on first day of the expiry is going to be gap up even if their is no such gap in Spot. How do you handle such gaps?
BNB |
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vinay28
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Posts: 11748
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| Post: #7 Posted: Wed Jan 21, 2015 11:22 am Post subject: |
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| bearandbull wrote: | | vinay28 wrote: | | why spot chart for trading in fut? also what about options? |
Vinay Sirji,
My startegy is little different but even I refer to spot price to trade in FUT. My question is how you use FUT charts in last 2 days of series? If next month premium is lets say 50 points on last day of current month and current month premium is less than 10 then ofcourse on first day of the expiry is going to be gap up even if their is no such gap in Spot. How do you handle such gaps?
BNB |
thanks BNB. pl don't use titles like sirji for me. Valid point. What I actually do is also follow NS chart for reference. In any case I don't trade in fut but only options but mine was just a qquery. Hence I normally concentrate more on option chart. Any such strategy, I load on option charts as well for comparison because it tells me if my option is being written or bought vis-à-vis NS/NF movement. |
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kamal.icharts
Site Admin
Joined: 10 Apr 2013
Posts: 576
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| Post: #8 Posted: Wed Jan 21, 2015 12:37 pm Post subject: Re: 200 ema |
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Dear Member,
You can plot 200 EMA. Just ensure you load sufficient data so that you can get the proper crossover.
In case you need any assistance, please contact our support team and they will help you in this regard.
Regards
Kamal
| ashabhagwan wrote: | | 200 ema on 30min charts how to make changes on icharts so that we can see cross over |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #9 Posted: Wed Jan 21, 2015 5:45 pm Post subject: Re: SH 30 minutes swinging yorker method - Nifty (Alchemist) |
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| pvktrade wrote: | Hello
This is simple strategy by Alchemist.
1. Nifty SPOT chart, put 5 EMA and 200 EMA on 30 minutes charts
2. bullish crossover of EMA means buy nifty future ... bearish crossover means SELL
3. Trade management : every trade is 2 lots ... book 50% when you get 50 points profit once the trade is entered ..second lot keep running until signal reverses ! simple enough
4. Just enter trade when 30 minutes candle closes and cross is confirmed (Nifty Spot chart). |
1. whats the SL once you enter in trade.. and is the SL is TSL.....
2. Is it backtested.... whats the result...
Thanks
Satish |
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Alchemist
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Joined: 09 Aug 2010
Posts: 853
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| Post: #10 Posted: Wed Jan 21, 2015 11:29 pm Post subject: Re: SH 30 minutes swinging yorker method - Nifty (Alchemist) |
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| satishkadam wrote: | | pvktrade wrote: | Hello
This is simple strategy by Alchemist.
1. Nifty SPOT chart, put 5 EMA and 200 EMA on 30 minutes charts
2. bullish crossover of EMA means buy nifty future ... bearish crossover means SELL
3. Trade management : every trade is 2 lots ... book 50% when you get 50 points profit once the trade is entered ..second lot keep running until signal reverses ! simple enough
4. Just enter trade when 30 minutes candle closes and cross is confirmed (Nifty Spot chart). |
1. whats the SL once you enter in trade.. and is the SL is TSL.....
2. Is it backtested.... whats the result...
Thanks
Satish |
1. The SL is opposite crossover.
2. Not backtested, please backtest and post results. If the results show that it is a profitable strategy, follow it as per the rules defined.
If the backtest shows it's a loss making strategy, follow exactly opposite of the rules defined to turn loss making trades into profit making. I mean on bullish crossover you sell instead of buy, and on bearish crossover you buy instead of sell.
Make money either ways ... 
Cheers
SH |
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pvktrade
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Joined: 08 Mar 2013
Posts: 24
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| Post: #11 Posted: Thu Jan 22, 2015 8:18 am Post subject: |
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2nd lot continues to earn profits (8741-8468) 273 pts trade running
Few thoughts on comments posted
Loaded 200 day data to get proper values of 200 EMA.
Really liked nifty spot (NS) chart to overcome expiry price difference challenges. |
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pvktrade
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Joined: 08 Mar 2013
Posts: 24
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| Post: #12 Posted: Fri Jan 23, 2015 7:47 am Post subject: |
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| 2nd lot continues to earn profits (8761-8468) 293 pts trade running |
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opportunist
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Joined: 27 Apr 2010
Posts: 356
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| Post: #13 Posted: Fri Jan 23, 2015 11:05 am Post subject: |
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Asking something basic - when to take profit?
If the ema crosses up I enter and ema crosses down I exit, then how do I make any profit ??? This is the reason people get frustrated over half baked ideas floating around.
Regards,
Oppo |
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pvktrade
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Joined: 08 Mar 2013
Posts: 24
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| Post: #14 Posted: Sat Jan 24, 2015 1:42 pm Post subject: |
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2nd lot continues to earn profits (8835-8468) 367 pts trade running
For now profit booking strategy is 1st lot at 50 pts and second lot at 5 ema cross down 200 ema.
Further modification after one month as promissed by Alchemist. |
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opportunist
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Joined: 27 Apr 2010
Posts: 356
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| Post: #15 Posted: Sat Jan 24, 2015 6:34 pm Post subject: |
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This 50 point profit taking sounds a little crude for me. My suggested modification: Use 5,21,200. Buy when 5 crosses 200 ema from below. Sell when price closes (not just cuts) below 21 EMA from above. Re-enter again when 5 cuts 21 EMA from below provided both are still above 200 EMA.
Vice-versa for selling.
This works best with trending markets so note the DMI before entering trade. If it is less than 25 avoid trading.
Regards,
Oppo |
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