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SP Day Trading Strategy(+1,000 points pm) |
forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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Post: #316  Posted: Wed Nov 09, 2011 10:05 am Post subject: hi |
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| hi guys ,booked at 5295
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #317 Posted: Wed Nov 09, 2011 10:10 am Post subject: |
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| booked half at 25 points ..holding rest
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nnitin
White Belt
Joined: 18 Jun 2008
Posts: 14
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| Post: #318 Posted: Wed Nov 09, 2011 10:35 am Post subject: Amezing |
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| amolvpatankar wrote: | | today is engulf...so 2 min tf...take entry at 9.50 or 10 as per signal...acccding to mr. parray strategy.. |
Thank you amolvpatankar,
I now understood this. So if till 9:30 if the day is engulfing, then take a position by around 9: 50 to 10. I assume this is what you want to say.
Today, by around 9:50 on 2MN charts a sell signal also appeared. What if the sell signal is not appearing ? Should we go in the direction of the trend?
What about the earlier signal that appeared by about 9:30. Should we ignore it and wait for 9:50? This happened today. Should we take the position only after 9:50 in the direction of the market?
This is amazing strategy.
I am attaching the 2 MN chart here.
Regards,
nnitin
| Description: |
| today's 2 Min chart with signals |
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| Filesize: |
95.88 KB |
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257 Time(s) |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #319 Posted: Wed Nov 09, 2011 11:14 am Post subject: hi |
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| hi bot nifty at 5310
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #320 Posted: Wed Nov 09, 2011 11:21 am Post subject: this is for Parry |
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Parry can you please comment on this
I am a positional player at first sight--
so in that case at suppose I start at a certain day n want to carry over positions can i trade with this statergy
TF--3 Min
Sma--45
Dma as u have applied
just using this and trade all cross overs--
please reply
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amolvpatankar
White Belt
Joined: 23 Jun 2011
Posts: 104
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| Post: #321 Posted: Wed Nov 09, 2011 11:42 am Post subject: Re: Amezing |
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| nnitin wrote: | | amolvpatankar wrote: | | today is engulf...so 2 min tf...take entry at 9.50 or 10 as per signal...acccding to mr. parray strategy.. |
Thank you amolvpatankar,
I now understood this. So if till 9:30 if the day is engulfing, then take a position by around 9: 50 to 10. I assume this is what you want to say.
Today, by around 9:50 on 2MN charts a sell signal also appeared. What if the sell signal is not appearing ? Should we go in the direction of the trend?
What about the earlier signal that appeared by about 9:30. Should we ignore it and wait for 9:50? This happened today. Should we take the position only after 9:50 in the direction of the market?
This is amazing strategy.
I am attaching the 2 MN chart here.
Regards,
nnitin |
Hi nnitin,
go to page no 29 of this forum..u will understand. Mr parray has clearly mentioned it..
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #322 Posted: Wed Nov 09, 2011 12:03 pm Post subject: hi |
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| hi solded at 5303
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parray
White Belt
Joined: 04 Oct 2010
Posts: 102
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| Post: #323 Posted: Wed Nov 09, 2011 12:20 pm Post subject: Re: this is for Parry |
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| Rahulsharmaat wrote: | Parry can you please comment on this
Rahul do not use this time frame for positional, take the same on eod basis which will give you decent returns and just two to four trades in a month max.
happy trading.
I am a positional player at first sight--
so in that case at suppose I start at a certain day n want to carry over positions can i trade with this statergy
TF--3 Min
Sma--45
Dma as u have applied
just using this and trade all cross overs--
please reply |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #324 Posted: Wed Nov 09, 2011 12:23 pm Post subject: |
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Thanks
so for EOD also its 3 Min TF
will same
and parry if i want its positional then what time frame i should use - as intraday with this time frame , again seeing Engulfing ect-- will become hard for some one who is constant not on screen
please advice
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Amigo
White Belt
Joined: 17 Jun 2011
Posts: 223
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| Post: #325 Posted: Wed Nov 09, 2011 12:33 pm Post subject: |
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| Rahulsharmaat wrote: | Thanks
so for EOD also its 3 Min TF
will same
and parry if i want its positional then what time frame i should use - as intraday with this time frame , again seeing Engulfing ect-- will become hard for some one who is constant not on screen
please advice |
Rahul i think Mr. Parray means to say ..we can use this same set up on EOD charts for positional. like as per my understanding nifty is long since 5037 spot.. looking forward to Mr. parray's confirmation.
Amigo
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #326 Posted: Wed Nov 09, 2011 12:36 pm Post subject: |
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amigo--- thats great long at 5037
now problem here is -- we went to 5390 also-- fall to 5240-- back to 5340-- again 5240---5330---again 5330--5280---
what i mean is --i dont want to miss this party also-- so in case eod long at 5037--- but this system may have given long intra day-- way back below 4800 also---
how to get that gain in pocket --thats what i want to know from parry
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #327 Posted: Wed Nov 09, 2011 12:38 pm Post subject: |
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As thing is consistency-- i started Silver 55 sma trade 15 min in august--- still trading all calls-- once i had 7 regular stop loss-- loosing 4000 points-- still i have traded---
that what i want to know
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #328 Posted: Wed Nov 09, 2011 12:42 pm Post subject: |
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| and if i trade EOD-- TF will be daily isnt it ????
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parray
White Belt
Joined: 04 Oct 2010
Posts: 102
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| Post: #329 Posted: Wed Nov 09, 2011 12:46 pm Post subject: |
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dma settings will be the same but use the day chart. use sma and wma combination to catch small moves also effectively.
best of luck
| Rahulsharmaat wrote: | Thanks
so for EOD also its 3 Min TF
will same
and parry if i want its positional then what time frame i should use - as intraday with this time frame , again seeing Engulfing ect-- will become hard for some one who is constant not on screen
please advice |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #330 Posted: Wed Nov 09, 2011 12:47 pm Post subject: hi |
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| hi guys,booked at 5283
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