In Search of a system that need no chart no TA/FA

[prabhsingh]

Karthik,

Is there any way where Positional traders can also benefit from APS system?

 

[jatinderdhawan]

Dear Karthik/ RR
Thank you very much for all the explanations and clarifications on the strategy.Since i was down with dengue and admitted in hospital, i could read your replies only today and hence the delay in thanking.
Thanks and God bless you.

 

[pav]

Dear Karthik/ RR
Thank you very much for all the explanations and clarifications on the strategy.Since i was down with dengue and admitted in hospital, i could read your replies only today and hence the delay in thanking.
Thanks and God bless you.

Take care jatin, May God bless you.

 

[karthik_sri]

Thanks karthik for kind reply. You can also use imageshack to upload the images. I am using same for uploading images at traderji. One question related to above explanation. Next candle of 3rd candle marked by you also touched the ATP and closed above the ATP. You said that in sequence second candle touch the ATP and it does'nt break the high of previous candle high so we avoid the trade here, so we should also add this rule in the strategy. If there are more additional rules that we should keep eye on? Thanking you

Hi Dinesh,
No system is holy grail and price don't act as per our strategy instead we act as per the price strategy. The rule which i added recently didn't come to my mind at that time of framing this strategy. When i burnt i realised and i thought why cant this be applied and the trade be avoided. Thus came this rule/logic and shared in the forum.

Cheers,
Karthik

 

[karthik_sri]

Dear Karthik/ RR
Thank you very much for all the explanations and clarifications on the strategy.Since i was down with dengue and admitted in hospital, i could read your replies only today and hence the delay in thanking.
Thanks and God bless you.

Take care and recover soonnnn...

 

[karthik_sri]

Karthik,

Is there any way where Positional traders can also benefit from APS system?

Hi Prabh,
As i said earlier i checked this for Intraday and for positional u have to follow a Technical strategy as we carry forward the risk till we gain!

Cheers,
Karthik

 

[rangarajan]

Take care jatin, May God bless you.

R U from Tamilnadu.
Dingu is felt here only.
Take adequate precautions from mosquito bite to avoid relapse.
Wish u a Healthy Life.

 

[rangarajan]

Hi Dinesh,
I presume the Cipla chart which you have posted here is of Intrady with timeframe of 15 min and the horizontal line (red) plotted by you is ATP of yday. If ur answer is yes then here is my views...

I hv edited your chart with paint brush and marked the trading oppertunites by circle with numbers. The explanation to each circle with number is given.

1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.

2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-

3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.

4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-

The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.

Hope the above clarifies.

Since i cant able to post the chart directly due to size authorisation have attached the chart for your reference.

Cheers,
Karthik

PS: To post this attachment i have deleted the earlier attachments.

Karthik,
Pl discuss.
U R already in short trade as per candle 4.
Suppose,subsequent to candle 5,the price goes above the High of candle 5,will there be a trade or Not?
Which also means the s/l on trade at candle 4 should be be the High of candle 5 & this s/l is Reversible s/l.
Or u wait with yr original s/l of candle 4.
We r discussing a Hypothetical trade here.

 

[jatinderdhawan]

R U from Tamilnadu.
Dingu is felt here only.
Take adequate precautions from mosquito bite to avoid relapse.
Wish u a Healthy Life.

Thanks to you and all others for your kind wishes.
I am based at Delhi and dengue is playing havoc here as well.As with all other things, the civic agencies response is too little,too late.
Anyway, i would request you to kindly explain the virgin ATP concept once again and if possible, with an example.
Thanks

 

[karthik_sri]

Karthik,
Pl discuss.
U R already in short trade as per candle 4.
Suppose,subsequent to candle 5,the price goes above the High of candle 5,will there be a trade or Not?
Which also means the s/l on trade at candle 4 should be be the High of candle 5 & this s/l is Reversible s/l.
Or u wait with yr original s/l of candle 4.
We r discussing a Hypothetical trade here.

Hi RR,
The candle pointed with (4) closed below ATP. It signalled sell and we place sell order on the low price of the candle (4). The next candle didnt touch/meet our price and still pending. The second candle meet our low price and at this juncture we are in trade with short. But our stop loss remains same as the high of candle marked by (4) basis we have executed short. Though we candle (5) and (6) touch the ATP we are not trading since we are already in trade and either our traget is not met nor we hit SL.

Hope clarifies...

Cheers,
Karthik