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SP Day Trading Strategy(+1,000 points pm) |
parray White Belt
Joined: 04 Oct 2010 Posts: 102
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Post: #301 Posted: Tue Nov 08, 2011 2:38 pm Post subject: |
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forex, now u have learned the tricks of the trade, good going... |
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #302 Posted: Tue Nov 08, 2011 2:42 pm Post subject: hi |
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hi parry,thanx a lot,i m tying tu learn the trades,as low didnt break tats y i botted nifty at 5303 |
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smsmss White Belt
Joined: 13 Oct 2009 Posts: 123
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Post: #303 Posted: Tue Nov 08, 2011 3:10 pm Post subject: helloz |
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out at 5320. not as per system exactly but its ok anything can happen in last half hour. hehe some loss today but its ok. i dont mind loss at all its part of the game. |
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amolvpatankar White Belt
Joined: 23 Jun 2011 Posts: 104
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Post: #304 Posted: Tue Nov 08, 2011 3:11 pm Post subject: Re: Bad day |
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nnitin wrote: | 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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You should have traded on 2 min chart..as today's first 15 mins were engulfed by yesterday's range..try and back test..and I am sure you would not have made loss if you have followed it.. |
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smsmss White Belt
Joined: 13 Oct 2009 Posts: 123
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Post: #305 Posted: Tue Nov 08, 2011 3:34 pm Post subject: hi |
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amol today by 2mtf also you would have made a loss, but the idea is to carry on |
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parray White Belt
Joined: 04 Oct 2010 Posts: 102
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Post: #306 Posted: Tue Nov 08, 2011 3:44 pm Post subject: Re: Bad day |
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amol, u r on right path do not get upset. days like this comes and goes important thing is that we have to stick to the strategy and do not doubt any signal.
people who traded with 15 to 30 profit range they are in profit. let us hope tomorrow will be that big day for profits.
bye for now.
amolvpatankar wrote: | nnitin wrote: | 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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You should have traded on 2 min chart..as today's first 15 mins were engulfed by yesterday's range..try and back test..and I am sure you would not have made loss if you have followed it.. |
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yesogna White Belt
Joined: 01 Jul 2010 Posts: 8
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Post: #307 Posted: Tue Nov 08, 2011 5:31 pm Post subject: Re: Charts for 04/11/2011 |
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amolvpatankar wrote: | yesogna wrote: | Charts for 04/11/2011 |
Can you please let me know whether you are waiting till the fourth candle after DMA has given crossover..as told by Mr. PARRAY..?
if yes, then, the points gain would be much lesser than what you have shown in chart..
awaiting your reply |
Dear Amol,
I Apologies for Late Reply as Out of Station,
As per Strategy All Candles are Colorless then How come any one Follow the Candle Pattern?
Kindly reply
Thanks |
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Allwell White Belt
Joined: 24 Jan 2010 Posts: 183
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Post: #308 Posted: Tue Nov 08, 2011 6:10 pm Post subject: |
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Amol writes......
You should have traded on 2 min chart..as today's first 15 mins were engulfed by yesterday's range..try and back test..and I am sure you would not have made loss if you have followed it..
***************************
I am confused about meaning of engulf......what I understand is that if previous day's buy/sell signal continue till first 15 miniuts then one has to trade in 2 miniut TF for entire day....Is it right ?
Senior Please guide...... |
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ravbahadur White Belt
Joined: 13 Jul 2011 Posts: 79
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Post: #309 Posted: Tue Nov 08, 2011 8:36 pm Post subject: Test message |
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Test Message...... |
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #310 Posted: Wed Nov 09, 2011 9:01 am Post subject: hi |
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hi good morning guys |
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #311 Posted: Wed Nov 09, 2011 9:31 am Post subject: hi |
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any buy signals in 2mtf?pls confirm... |
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sachin79 White Belt
Joined: 07 May 2011 Posts: 55
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Post: #312 Posted: Wed Nov 09, 2011 9:40 am Post subject: |
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sel at 5320 |
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #313 Posted: Wed Nov 09, 2011 9:42 am Post subject: hi |
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hi sachin,sell is thre in 2mtf,wat about 3 min tf? |
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amolvpatankar White Belt
Joined: 23 Jun 2011 Posts: 104
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Post: #314 Posted: Wed Nov 09, 2011 9:47 am Post subject: |
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today is engulf...so 2 min tf...take entry at 9.50 or 10 as per signal...acccding to mr. parray strategy.. |
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forexmoney Yellow Belt
Joined: 19 Oct 2011 Posts: 851
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Post: #315 Posted: Wed Nov 09, 2011 10:00 am Post subject: hi |
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solded at 5315 |
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