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SP Day Trading Strategy(+1,000 points pm) |
Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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Post: #286  Posted: Tue Nov 08, 2011 11:40 am Post subject: |
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| booked half at +25 points..holding rest |
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DEWGH
White Belt
Joined: 20 Feb 2011
Posts: 119
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| Post: #287 Posted: Tue Nov 08, 2011 11:55 am Post subject: |
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Hi seniors,
Shuld we shift to 3 min tf now as nifty trading below 5286? |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #288 Posted: Tue Nov 08, 2011 12:35 pm Post subject: hi |
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| hi is any buy signal ? pls confirm |
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DEWGH
White Belt
Joined: 20 Feb 2011
Posts: 119
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| Post: #289 Posted: Tue Nov 08, 2011 12:36 pm Post subject: |
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| bought at 5288 |
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sachin79
White Belt
Joined: 07 May 2011
Posts: 55
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| Post: #290 Posted: Tue Nov 08, 2011 12:37 pm Post subject: |
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| yes as per 2mtf buy at 5288 |
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #291 Posted: Tue Nov 08, 2011 12:37 pm Post subject: |
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bought @ 5294
my entry was late....actual entry shud be at 5288 only. |
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subbuibm
White Belt
Joined: 21 Jul 2009
Posts: 3
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| Post: #292 Posted: Tue Nov 08, 2011 1:10 pm Post subject: |
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| Amigo wrote: | bought @ 5294
my entry was late....actual entry shud be at 5288 only. |
I am new to this strategy.... long from 5287....my sl tolerence is 40 points per trade. should I place sl at days low. Pls seniors guide me.
subbu |
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DEWGH
White Belt
Joined: 20 Feb 2011
Posts: 119
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| Post: #293 Posted: Tue Nov 08, 2011 1:12 pm Post subject: |
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sold at 5281 m i correct?  |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #294 Posted: Tue Nov 08, 2011 1:12 pm Post subject: hi |
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| any sell signal pls confirm |
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #295 Posted: Tue Nov 08, 2011 1:19 pm Post subject: |
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| Subbu, this is a stop and reverse method .. it is like cowabunga.. we ride with the tide. so no stoploss is kept.. trade is reversed at each signal. |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #296 Posted: Tue Nov 08, 2011 1:28 pm Post subject: hi |
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| solded at 5283 as per system |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #297 Posted: Tue Nov 08, 2011 1:41 pm Post subject: hi |
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| hi bot at 5300 |
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smsmss
White Belt
Joined: 13 Oct 2009
Posts: 123
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| Post: #298 Posted: Tue Nov 08, 2011 1:56 pm Post subject: |
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exactly as per system 5280 short , 5305 cover reverse. -25 points loss. and another one on the way. but one needs to be disciplined and accept all the losses, and move on.  |
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nnitin
White Belt
Joined: 18 Jun 2008
Posts: 14
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| Post: #299 Posted: Tue Nov 08, 2011 2:31 pm Post subject: Bad day |
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Today is the bad day for me....with this strategy. I bought at 5292 as per the cross over by around 12:30 but the system again gave a reverse signal at 5289 by around 1:05 so I reversed the position. But again the system gave a buy signal at 5286 by 1:35 However I was not able to take the trade as the market moved very fast to 5303.
After taking the first position at 5292 I kept a stop loss of 20 points Which never triggered but the system gave me a reverse signal. And so I changed the position and whipsawed both the ways.
I think I should I have stuck to my stop loss after taking the position rather than changing the position as per the system immediately within half an hour.
Can Mr. Parry explain today's movement on 3 MN chart? Am I doing anything wrong?
Regards,
nnitin
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #300 Posted: Tue Nov 08, 2011 2:36 pm Post subject: hi |
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| hi guys booked at 5330 |
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