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3 , 15 EOD EMA Cross over trades
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Author 3 , 15 EOD EMA Cross over trades
Gemini
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Post: #31   PostPosted: Fri Mar 01, 2013 10:33 am    Post subject: Reply with quote

Great thread. Very good for traders who are not able to spend time in front of terminals and still want to participate in trading activity. Needs lot of patience !

I suggest waiting for Nifty to reach oversold level ( may like to use Williams' % R (10 days) ) before opening fresh shorts. Right now, in my personal opinion, Nifty is oversold and hence, risk reward ratio for fresh short is low.

Let us see what market decides to do !
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stevenmat
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Post: #32   PostPosted: Fri Mar 01, 2013 4:15 pm    Post subject: Reply with quote

Shorted just before close ... Holding 5800 puts at 118..
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stevenmat
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Post: #33   PostPosted: Sat Mar 02, 2013 9:51 am    Post subject: Reply with quote

Just a chart showing entry and exit on daily EOD basis
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Gemini
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Post: #34   PostPosted: Sat Mar 02, 2013 10:52 am    Post subject: Reply with quote

Stevenmat,

Thanks. Very useful chart.

Curious to know about exit strategy. Do you wait till next crossover ( i.e. Stop and Reverse) or exit earlier based on some method for trailing loss?
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maddyprincess
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Post: #35   PostPosted: Sat Mar 02, 2013 11:23 am    Post subject: Reply with quote

Hi steve,

Suggestion to fine tune the method
Use macd crossover for further confirmation

It could avoid whipsaws !
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shanticomq
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Post: #36   PostPosted: Sat Mar 02, 2013 11:34 am    Post subject: Reply with quote

Hi Maddyprincess

steve is using EMA Not SMA

in ur chart ur using 26 & 12 SMA not 5 & 15 EMA.

Regards

Sanjay
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stevenmat
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Post: #37   PostPosted: Sat Mar 02, 2013 11:45 am    Post subject: Reply with quote

Gemini wrote:
Stevenmat,

Thanks. Very useful chart.

Curious to know about exit strategy. Do you wait till next crossover ( i.e. Stop and Reverse) or exit earlier based on some method for trailing loss?


I don't wait for long...i generally exit on the second day after cross over..
Have to fine tune a system for target..

N.B: Since i exit in two days we never get huge reward points.. But like i mentioned earlier.. In the Feb series we shorted on Feb 1st at 6000 level and covered the shorts 5950 levels.. and that was a gain of around 30% of your capital... But if we had waited till expiry we would have had a 364 % return.. But i believe that 30% in two days is better than 300+% in three odd weeks...
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stevenmat
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Post: #38   PostPosted: Sat Mar 02, 2013 11:52 am    Post subject: Reply with quote

shanticomq wrote:
Hi Maddyprincess

steve is using EMA Not SMA

in ur chart ur using 26 & 12 SMA not 5 & 15 EMA.

Regards

Sanjay


That's correct shanti..

@maddy : I do check MACD 12,26,9 as an indicator .. But MACD can back fire quite a number of times.. Like looko in the months of Dec & Jan.. 3 15 EMAs never crossed over.. but MACDs kept crossing over which would give you wrong trades..
Besides if you firmly believe in one system then its better not use more indicators which can toy with your rational thinking..
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maddyprincess
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Post: #39   PostPosted: Sat Mar 02, 2013 3:16 pm    Post subject: Reply with quote

Steve,

I meant if you club both you get extraordinary returns
Look for crossover of ema's also check macd is in your favour.
Trigger the gun.

The trade should be placed only when both favours you, otherwise it could be sideways trend

Maddy
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stevenmat
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Post: #40   PostPosted: Tue Mar 05, 2013 2:08 pm    Post subject: Reply with quote

Correct maddy..

Bought more 5800 puts at 73.8
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stevenmat
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Post: #41   PostPosted: Wed Mar 06, 2013 11:41 am    Post subject: Reply with quote

Stop loss triggered at today's open..
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vinay28
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Post: #42   PostPosted: Wed Mar 06, 2013 11:55 am    Post subject: Reply with quote

stev, in a trending nfity, may be you should look at lower tf for squaring off earlier?
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shanticomq
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Post: #43   PostPosted: Wed Mar 06, 2013 12:41 pm    Post subject: Reply with quote

Hi Steve

Can u post ur chart after crossover happen 3,15 EMA

Regards

Sanjay
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stevenmat
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Post: #44   PostPosted: Wed Mar 06, 2013 1:14 pm    Post subject: Reply with quote

yea .. this time i think i got in too early.. anyways lets see...
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stevenmat
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Post: #45   PostPosted: Wed Mar 06, 2013 1:15 pm    Post subject: Reply with quote

@shanti : Its a simple plot...Just plot 3 EMA,close and 15 EMA,close... take trades during cross overs..
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