|
|
| View previous topic :: View next topic |
| Author |
Swing Trading using DMI n EMA |
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
Post: #31  Posted: Thu Sep 22, 2011 9:06 pm Post subject: |
 |
|
| ganesh_pl wrote: | Ravee Bhai,
Yesterday nifty chart 15m, 30m, 60m time frame all the day candles above 34 ema, How u get sell signal... Please explain..
And one more thing 15m yesterday opening candle high crossed by second candle, there we want to go buy means stoploss hit... here we need to wait until second candle close above the previous one to take trade or just cross we initiate trade there.. Please explain..
Thanks |
ganesh_pl
pl see attached 15min chart of nf. there is no fresh dmi signal. so old positions will be managed. no fresh positions will be taken
rgds
ravee
| Description: |
|
| Filesize: |
28.51 KB |
| Viewed: |
403 Time(s) |
|
|
|
| Back to top |
|
 |
|
| |
ganesh_pl
White Belt
Joined: 15 Aug 2008
Posts: 34
|
| Post: #32 Posted: Thu Sep 22, 2011 9:09 pm Post subject: |
|
|
Ravee Bhai,
Trigger candle should close afterwards take trade or when its cross time we will take it trade....
|
|
| Back to top |
|
|
ganesh_pl
White Belt
Joined: 15 Aug 2008
Posts: 34
|
| Post: #33 Posted: Thu Sep 22, 2011 9:12 pm Post subject: |
|
|
Ravee bhai,
Thanks for your explain....
 
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #34 Posted: Thu Sep 22, 2011 9:16 pm Post subject: |
|
|
| ganesh_pl wrote: | Ravee Bhai,
Trigger candle should close afterwards take trade or when its cross time we will take it trade.... |
ganesh_pl
Let me explain with numbers
Low of signal candle = 5042
In nf or mnf i normally give 5pts benefit to signal on both ways
so my short order is at 5037
I put sell stop order in system and as soon as price is reached, the order is triggered.
Hope it suffice
rgds
ravee
|
|
| Back to top |
|
|
ganesh_pl
White Belt
Joined: 15 Aug 2008
Posts: 34
|
| Post: #35 Posted: Thu Sep 22, 2011 9:50 pm Post subject: |
|
|
Thanks Ravee Bhai,
Now i understand..... 
|
|
| Back to top |
|
|
Gemini
White Belt
Joined: 28 Apr 2009
Posts: 166
|
| Post: #36 Posted: Thu Sep 22, 2011 11:00 pm Post subject: |
|
|
Dear Ravee,
Thanks for quick and precise responses as well as fine tuning the system.
We are in interesting time and will be very interesting to note when market turns up. I am sure this system will keep us in right trade.
(Is there a little bit of typo in latest 15 tf NF chart ? I thought there are two crossovers)
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #37 Posted: Fri Sep 23, 2011 7:14 am Post subject: |
|
|
| Gemini wrote: |
(Is there a little bit of typo in latest 15 tf NF chart ? I thought there are two crossovers) |
Gemini,
As per chart, the short signal is already triggered.
rgds
ravee
|
|
| Back to top |
|
|
Gemini
White Belt
Joined: 28 Apr 2009
Posts: 166
|
| Post: #38 Posted: Fri Sep 23, 2011 5:22 pm Post subject: |
|
|
Dear Ravee,
On 15TF, SBIN-1m has given buy signal.
Do you agree with my interpretation ?
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #39 Posted: Fri Sep 23, 2011 5:36 pm Post subject: |
|
|
| Gemini wrote: | Dear Ravee,
On 15TF, SBIN-1m has given buy signal.
Do you agree with my interpretation ? |
Gemini,
yes, as per the system, the signal is valid.
rgds
ravee
|
|
| Back to top |
|
|
sambhaji_t
White Belt
Joined: 31 Mar 2008
Posts: 135
|
| Post: #40 Posted: Fri Sep 23, 2011 6:58 pm Post subject: |
|
|
[quote="singh.ravee"] | Gemini wrote: | Dear Ravee,
On 15TF, SBIN-1m has given buy signal.
Do you agree with my interpretation ? |
Gemini,
yes, as per the system, the signal is valid.
rgds
ravee[/quote
Dear Ravee,
34ema below 65ema then how it is valid BUY ?
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #41 Posted: Fri Sep 23, 2011 7:22 pm Post subject: |
|
|
[quote="sambhaji_t"] | singh.ravee wrote: | | Gemini wrote: | Dear Ravee,
On 15TF, SBIN-1m has given buy signal.
Do you agree with my interpretation ? |
Gemini,
yes, as per the system, the signal is valid.
rgds
ravee[/quote
Dear Ravee,
34ema below 65ema then how it is valid BUY ? |
sambhaji_t,
thanks for pointing it. its not a valid buy signal
all i request is kindly use this method right now on 60min.
15min tf, the 65ema need to be replaced with slightly longer ema. with 65ema whipsaws are still there in 15min as confirmed by my live testing.
I checked the chart in a bit hurry. Here is the detailed chart
| Description: |
|
| Filesize: |
37.42 KB |
| Viewed: |
395 Time(s) |
|
| Description: |
|
| Filesize: |
40.22 KB |
| Viewed: |
422 Time(s) |
|
|
|
| Back to top |
|
|
newinvestor
White Belt
Joined: 16 Feb 2010
Posts: 120
|
| Post: #42 Posted: Fri Sep 23, 2011 8:31 pm Post subject: |
|
|
[quote="singh.ravee"] | sambhaji_t wrote: | | singh.ravee wrote: | | Gemini wrote: | Dear Ravee,
On 15TF, SBIN-1m has given buy signal.
Do you agree with my interpretation ? |
Gemini,
yes, as per the system, the signal is valid.
rgds
ravee[/quote
Dear Ravee,
34ema below 65ema then how it is valid BUY ? |
sambhaji_t,
thanks for pointing it. its not a valid buy signal
all i request is kindly use this method right now on 60min.
15min tf, the 65ema need to be replaced with slightly longer ema. with 65ema whipsaws are still there in 15min as confirmed by my live testing.
I checked the chart in a bit hurry. Here is the detailed chart |
Ravee Bhai,
Good work.
Are you showing the second candle as the signal candle ( although the previous candle is the crossover candle) , because only in this candle the DMI golden cross has occured?
I am sure you have done a lot of work / thinking on this strategy in then past week. Pls share the salient points.
I tried using this strategy on NF 15 TF, but no signal came today
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #43 Posted: Fri Sep 23, 2011 9:39 pm Post subject: |
|
|
| newinvestor wrote: |
Good work.
Are you showing the second candle as the signal candle ( although the previous candle is the crossover candle) , because only in this candle the DMI golden cross has occured?
I am sure you have done a lot of work / thinking on this strategy in then past week. Pls share the salient points.
I tried using this strategy on NF 15 TF, but no signal came today |
newinvestor,
hi,
the crossover that we are looking for here is DI lines crossover. the candle/bar in which this crossover happens is the signal candle/bar.
will update tomm, some observational parts
regards
ravee
|
|
| Back to top |
|
|
newinvestor
White Belt
Joined: 16 Feb 2010
Posts: 120
|
| Post: #44 Posted: Fri Sep 23, 2011 10:52 pm Post subject: |
|
|
| singh.ravee wrote: | | newinvestor wrote: |
Good work.
Are you showing the second candle as the signal candle ( although the previous candle is the crossover candle) , because only in this candle the DMI golden cross has occured?
I am sure you have done a lot of work / thinking on this strategy in then past week. Pls share the salient points.
I tried using this strategy on NF 15 TF, but no signal came today |
newinvestor,
hi,
the crossover that we are looking for here is DI lines crossover. the candle/bar in which this crossover happens is the signal candle/bar.
will update tomm, some observational parts
regards
ravee |
Ok. So the stop loss candle will be the candle in which the DMI crossover happened, not the candle in which the price crossed above 34 EMA.
So the critical part is the DMI cross?
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #45 Posted: Sat Sep 24, 2011 12:10 am Post subject: |
|
|
| newinvestor wrote: |
Ok. So the stop loss candle will be the candle in which the DMI crossover happened, not the candle in which the price crossed above 34 EMA.
So the critical part is the DMI cross? |
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
