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SP Day Trading Strategy(+1,000 points pm) |
ravbahadur
White Belt
Joined: 13 Jul 2011
Posts: 79
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Post: #376  Posted: Fri Nov 11, 2011 8:16 pm Post subject: |
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Dear ridinghood,
How to identify OB/OS? which indicator and which time frame? Pleae give today's your trades with your Charts. This may help somany traders. you are trading 1 lot or 2 lots?'
Thank you
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DEWGH
White Belt
Joined: 20 Feb 2011
Posts: 119
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| Post: #377 Posted: Fri Nov 11, 2011 8:22 pm Post subject: |
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Dear Ridinghood,
What stop loss u r using?
as per ob/os strat sl is 50 pts away so asking.
Pls let us know
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parray
White Belt
Joined: 04 Oct 2010
Posts: 102
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| Post: #378 Posted: Fri Nov 11, 2011 9:03 pm Post subject: |
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| ridinghood wrote: | hi all
today using this strategy nd combining it with overbought /oversold strategy managed to gain 86 pts in 3 trades.
1) sold at 5209 bought at 5178.4 for 30.6 pts
2) bought at 5169 (ob/OS) sold at 5185.05 for 16.05 pts
3) again bought at 5165.4 (ob/os) sold at 5206.15 for 40.75 pts
total gain of 87.4 pts. had to close my trades by 1420 hrs due to lack of time.
thanks a lot to parray sir for this great strategy.
regs
ridinghood |
Rid, that is great ... Pls share the same that will be helpful to others.
have a nice weekend.
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #379 Posted: Fri Nov 11, 2011 9:46 pm Post subject: |
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hi parray sir
thnx nd wish u the same.
dewgh nd rau
for details of ob nd os intraday trading strategy u can visit the concerned thread for details. as i play for intraday so keep maxm sl as 20pts.
though i traded with 1 lot trading with more lots is much better. as then some can be booked with small profits nd remaing ones can be contd with trailing sl.
booking regular small profits is imp part of any srategy as it acts cushion against whipsaws. so nothing special but these timetested basics.
regs
ridinghood
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ravbahadur
White Belt
Joined: 13 Jul 2011
Posts: 79
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| Post: #380 Posted: Fri Nov 11, 2011 10:25 pm Post subject: |
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Dear ridinghood,
Please give particulars with today's chart. I am new to this blog and this strategy also. Where can I find OB/OS in this thread or somewhere?. You please elaborate it to me.
Regards...
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tanhadil1984
White Belt
Joined: 08 Jun 2011
Posts: 36
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| Post: #381 Posted: Fri Nov 11, 2011 11:14 pm Post subject: |
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| ravbahadur wrote: | Dear ridinghood,
Please give particulars with today's chart. I am new to this blog and this strategy also. Where can I find OB/OS in this thread or somewhere?. You please elaborate it to me.
Regards...
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rav sir,
u can check the strategy here,all the best
http://www.icharts.in/forum/viewtopic.php?t=3833
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tnandkumar
White Belt
Joined: 04 Jan 2010
Posts: 19
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| Post: #382 Posted: Sat Nov 12, 2011 12:11 pm Post subject: |
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| hi parray sir and all others following this strategy,i am an office going person where i dont have acess to Internet ,so i plan to trade in MCX(crude oil) from evening 0500.I use metatrader platform ,in which we cant set 3min ,so can i use 5 min with same seetings(DMA 3,SMA 45).
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #383 Posted: Sat Nov 12, 2011 5:36 pm Post subject: |
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| Sachin79, plz explain how u r mixing gann calculated levels with sps day trading strategy?
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ravbahadur
White Belt
Joined: 13 Jul 2011
Posts: 79
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| Post: #384 Posted: Sun Nov 13, 2011 9:58 am Post subject: |
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tanhadil1984,
Thank you very much for the link
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ravbahadur
White Belt
Joined: 13 Jul 2011
Posts: 79
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| Post: #385 Posted: Sun Nov 13, 2011 10:07 am Post subject: |
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ridinghood,
As per your first trade (on 11-11-2011) is sold @5209 and covered @ 5178.4, but as per OB, Selling level is 5311 with SL5331. How you executed first trade?
But sell signal (I think previous day sell signal only) came @ 5209 by 9:30 am as per Parry Sir's strategy) Are you followed this strategy for your first trade on 11-11-2011?
Please explain me.
Thank you
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ravbahadur
White Belt
Joined: 13 Jul 2011
Posts: 79
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| Post: #386 Posted: Sun Nov 13, 2011 10:10 am Post subject: |
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| Sorry....9:30 am* = 9:50 am
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sachin79
White Belt
Joined: 07 May 2011
Posts: 55
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| Post: #387 Posted: Sun Nov 13, 2011 4:13 pm Post subject: |
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dis chart is for 11th oct..
as per gann levels sell call got triggered below 5041. n as per Mr. paray strategy sel got triggered at arnd 5027-5030.
am nt here to complicated things ..jus wanna try to make things easier as smtimes if v play signal to signal pts are lost. if v wanna trade for fixed pts thn ccording to gann levels v can set exit pts also. n whn Mr. parray strategy signal gets triggered the trade gets confirmed n v may get away with whipsaws.on daily basis i will update regarding dis fusion strategy..
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #388 Posted: Sun Nov 13, 2011 11:41 pm Post subject: |
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| Sachin, explanation is not so clear, ... Anyway thanx.
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #389 Posted: Mon Nov 14, 2011 9:37 am Post subject: hi |
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| hi gm to all.........
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #390 Posted: Mon Nov 14, 2011 10:11 am Post subject: |
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| sonila wrote: | | Prabit, thanx. Is it dma3 and sma45 with 4 min time frame ?? |
Yes
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