Karthik's CRUDE Intraday Strategy

[Sammy.Young]

I tried it in RELIANCE today but SL hit unfortunately
Maybe not good for Stocks

 

[umeshmandal]

I tried it in RELIANCE today but SL hit unfortunately
Maybe not good for Stocks

One SL is not enuf to say that its not good for Stocks! Beware, SL can also be hit in Crude! Thats why we have the SL in place!

 

[karthik_sri]

I tried it in RELIANCE today but SL hit unfortunately
Maybe not good for Stocks

Hi Sammy
Pls keep some % of cushion over the trigger price as we take 8 points cushion in CRUDE like wise in other scrips also keep that. I generally keep 0.10% cushion over the trigger price mean to say on High or Low trigger price. In the case of RELIANCE cash scrip of 09.12.14 i have posted the chart below. The Buy trigger was generated on the 3rd candle which i have marked. The High price was 950.00 and if you add 0.10% over the High Price your entry for Buy would be 950.95. The next candle high was 950.70 thereafter the price went down.

 

[sushilgirdher]

Hi Sammy
Pls keep some % of cushion over the trigger price as we take 8 points cushion in CRUDE like wise in other scrips also keep that. I generally keep 0.10% cushion over the trigger price mean to say on High or Low trigger price. In the case of RELIANCE cash scrip of 09.12.14 i have posted the chart below. The Buy trigger was generated on the 3rd candle which i have marked. The High price was 950.00 and if you add 0.10% over the High Price your entry for Buy would be 950.95. The next candle high was 950.70 thereafter the price went down.

Pls share an AFL for the given strategy

 

[karthik_sri]

I dont have AFL for this strategy...the arrows drawn are manual and no automatic!

 

[karthik_sri]

RELIANCE 08.12.14

Two Trade on Sell side, Red Arrow trade triggered and fulfilled with filter condition. Blue Arrow exit with exit condition as price touching 3EMA. The last exit on market close. In total made Rs.4/- in two trades.

 

[karthik_sri]

YESBANK 10.12.14 (Futures)

Two Buy oppertunity. First one trigerred but subsequently price didnt met the triger price with filter condition. The second entry with filter condition met and exit with price touching 3EMA. Red Arrow trigger & Blue Arrow exit. Rs.3/- profit per lot

 

[onearth]

Karthik sir what happens when like nowadays most of the times rude always opens gap down ie below the ema, so which candle to consider sir? Awaiting your response sir.

 

[karthik_sri]

Karthik sir what happens when like nowadays most of the times rude always opens gap down ie below the ema, so which candle to consider sir? Awaiting your response sir.

I didnt understand your query...this setup is based on open & close is below or above EMA and after completion of 1 hr candle/bar completely.

 

[onearth]

Sir for example crude today opened below 3ema for 4 consecutive candles, so to form our trade we consider the latest of the candles. Also when the sell does trigger as in today and goes above 3ema momentarily then comes back and gets triggered, is it valid still. Today if you consider that target got achieved for 21 points. Your strategy is superb im testing it everyday with 20 points average returns. Sometimes it also gives a hell lot of points. Nice work keep it going.