iCharts Discussions

[amitagg]

[srfelixmca]

Hi

Usually i use SL as 5 day SAR or 50 % of value. whichever it will meet fist, i will close it.

For Profit, If it meet 50 to 75%, i will take capital amount. After that i will keep profit part only.

once it reaches maximum or +ve/-ve divergence, i will close my entire postions.

Then again, i will wait and start the game.


Cheers

[Hydrogen]

[srfelixmca]

Hi Hydrogen

as per me, i will take SAR as daily close price.

Cheers

[srfelixmca]

[srfelixmca]

Friends

I have come with updated strategy of mine. Instead of 200, we can use 89 EMA and using 10 min TF of getting more accuracy with Stop loss of 40 points for nifty and 80 points for Banknifty

Please find the updated strategy

1. if 15 EMA is crossed 89 EMA from bottom, i will buy the call option (Option value is 15 EMA is nearer. Example if 15 EMA is 7538 means, we can buy 7500 or 7550 ).
2. if 15 EMA is crossed 89 EMA from top, i will buy the put option.

Profit method
if my invested amount goes above 50%/75%/100%, i will book the profit. Then again i will wait for my turn.

Currently i bought 7500CE@182 on Apr 11 2:05 PM and is trading now @365. already booked one lot @250. another lot is going on and SL is 325(40points SL)

For Banknifty

If crossover happened in Nifty, I will add 300/400 point of BNF spot value and bought the options(Recently crossover happened on Apr 11 at 15600 and I bought 16000 CE)

Currently I bought 16000CE@170 on Apr 11 2:05 PM and is trading now @407. Already booked 2 lot @ 340. Another 2 lots are going on and having SL is 340 (80 points SL)

I will not use this method of Last week of Expiry of month, because BNF values are getting decreased.


Cheers

[amitagg]

It mimicks ( approx) in terms of timeframe, 5/34 crossover as per Alchemist strategy and no different ( for entry subject to certain additional very good refinements in alchemist strategy).

[satishkadam]

[srfelixmca]

Hi Sathish

So far I am happy with the results. I achieved maximum 100% of whatever i invested and moreover my maximum investment is 50K only. Once i reached 50% to 75% i will close my holdings and rarely hold it for 100%. Then i will wait for next chance.

My investments

2 lots of nifty and 4 lots of Banknifty

Cheers

[srfelixmca]

Friends

Currently I bought 16000CE@170 on Apr 11 2:05 PM and is trading now @407. Already booked 2 lot @ 340. Another 2 lots are going on and having SL is 340 (80 points SL)

I have Exited BNF@300. Now no positions


Currently i bought 7500CE@182 on Apr 11 2:05 PM and is trading now @365. already booked one lot @250. another lot is going on and SL is 325(40points SL)

Still hold Nifty

Cheers

[indexhunterr]

Why you bought 7500 ce as when last crossover happened 15 ema was at 7591 and nifty at 7633.5. Can u clarify on this point.

[DEVIKAUSR]

GOOD AFTERNOON

R U TALKING ABOUT SPOT NIFTY

[srfelixmca]

Friends

I am always using SPOT values only

Now 7500CE@424

Cheers

[srfelixmca]

Friends

Nifty closed at 7914 and SL 7874.

15 EMA - 7902
89 EMA - 7798

=====================
Bank Nifty

Total Investment - 20400 (4 lot*170)
Booked Profit-1 - 20400 (2 lot*340)
Booked Profit-2 - 18000 (2 lot*300)

I booked 89% of my invested amount.
=========================

Still i am holding 1 lot of Nifty7500CE@424

Regards

[AMBY]

Thanks.