Karthik's EOD Strategy...

[rkkarnani]

As per this strategy, there was a sell generated on 13/11, 3/12, 17/12 since the candle was not touching 3 EMA on those days.

Hi Amit, You need to have another look at the Rules of trading. What I have understood is that we exit the Position when Candle moves in the direction of the trade and is not touching 3 EMA. We DO NOT reverse to SELL if we are in Long mode. We only exit.

This is what makes me understand.... quoting from the Rules :

Exit : When the price not touching 3EMA (or) some fixed % depending upon the risk taking appetite.

On 17th Dec Candle was touching 3EMA!
I could not locate any "re-entry' rule after exit on 3EMA not touching , I cannot comment further.
Would be happy if anyone can point me to the Post that gives a "reentry" rule after exiting on 3EMA Non touch.
In the 315 strategy the reentry was on retracement to higher TF EMA !

 

[rkkarnani]

Candles turns blue when +DMI is > -DMI and turns Red when -DMI > +DMI and is black when they are equal.
A blue arrow appears when 3EMA goes above 10 EMA and Red arrow when 3EMA goes below 10 EMA!

 

[karthik_sri]

I have not gone through the entire thread thoroughly but from what I gathered, my observation is that IDBI Cash chart gave a BUY on 6th November which got triggered on 7th November and since then the buy is still on ! There was a SELL on 21st Dec below 107.90, this level was breached on 24th Dec when IDBI made a low of 107.40. However considering the LOW made on 13th 14th and 18th of Rs.107.05, one would safely bet to go short only below 107. Hence in my view the LONG in IDBI is on from 7th November only! Apologies if this hinders the flow of this thread.

This is a public forum and ur views are always welcome
We talk here about the strategy of EMA crossover (3,10) with ADX cross paralelly. We are trying to make trade based on this strategy and as per the strategy the calls were shared here.

The first long (Buy) signal generated on 05.11.12 with EMA & ADX confirmation. The trade would have been taken on 06.11.12 and exit happened on 14.11.12 as price didnt touch 3EMA on 13.11.12.

The sell short generated on 20.11.12 and subsequently SL hit on 22.11.12.

The buy signal generated on 26.11.12 and exited on 04.12.12 as price didnt touch 3EMA on 03.12.12.

The sell short generated on 21.12.12 and subsequently SL hit on 28.12.12

The buy signal generated on 28.12.12 and today we are in Trade with LONG

The above is just to share the strategy of this thread:cheers:

 

[karthik_sri]

Karthik,

HDIL gave a sell call on 20/12 and trigger happened on 21/12 with trigger price of 112.5.Since then SL of 117.1 has not been triggered.What are your thoughts for same?

Prabh,
You would have entered the trade on 21.12.12 and on 24.12.12 the price was not touching 3EMA which means we have to exit from our trade the next day.

 

[rkkarnani]

This is a public forum and ur views are always welcome
We talk here about the strategy of EMA crossover (3,10) with ADX cross paralelly. We are trying to make trade based on this strategy and as per the strategy the calls were shared here.

The first long (Buy) signal generated on 05.11.12 with EMA & ADX confirmation. The trade would have been taken on 06.11.12 and exit happened on 14.11.12 as price didnt touch 3EMA on 13.11.12.

The sell short generated on 20.11.12 and subsequently SL hit on 22.11.12.

The buy signal generated on 26.11.12 and exited on 04.12.12 as price didnt touch 3EMA on 03.12.12.

The sell short generated on 21.12.12 and subsequently SL hit on 28.12.12

The buy signal generated on 28.12.12 and today we are in Trade with LONG

The above is just to share the strategy of this thread:cheers:

Your post tells me that i have understood the strategy to a large extent and may be not fully.
However in my chart the +DMI and -DMI values are same , are equal hence I would consider it as continuation of previous Signal.
Why I would not take a Short signal below 21st Low signal was explained in my earlier post.
Thanks Karthik for taking time to give a detailed reply. :clapping:

 

[karthik_sri]

Hi Amit, You need to have another look at the Rules of trading. What I have understood is that we exit the Position when Candle moves in the direction of the trade and is not touching 3 EMA. We DO NOT reverse to SELL if we are in Long mode. We only exit.

This is what makes me understand.... quoting from the Rules :



On 17th Dec Candle was touching 3EMA!
I could not locate any "re-entry' rule after exit on 3EMA not touching , I cannot comment further.
Would be happy if anyone can point me to the Post that gives a "reentry" rule after exiting on 3EMA Non touch.
In the 315 strategy the reentry was on retracement to higher TF EMA !

I have posted Re-Entry rules in this thread...We can Re-enter on the same trend after the candle Touch 10EMA and closes above 3EMA in case of Long and closes below in case of short.

 

[karthik_sri]

Hi Karthik,

There were quite a few more signals but you have posted only IDBI.Are you using some kind of filter?? In my system I got the signals for the following :

BUYS
1.Maruti
2.Reliance
3.ONGC
4.Crompgreav
5.IDBI
6.Hindpetro
7.Mphasis
8.Uniphos
9.TechM

Please clarify.

Regards,

Hi Abhinay
No filter nothing specific...i have not scanned the Scrips and when checking one by one this came so posted it.

If you notice one thing except Maruti & TechM all the other scrips gave exit signal today!!!

Karthik

 

[rkkarnani]

I have posted Re-Entry rules in this thread...We can Re-enter on the same trend after the candle Touch 10EMA and closes above 3EMA in case of Long and closes below in case of short.

Thanks Karthik for this input.
A small suggestion : It would be good for lazy people like me if you could edit your "Initial" post where ENTRY and EXIT rules are given , please add this REENTRY rule !!

 

[rh6996]

Karthik, So nice to see your strategy and even feel good to see that you gave full Credit to SH's (Tradewithhunter) 315 strategy for development of this one.
I had veru thoroughly followed 315 and on seeing this Strategy tried to compare the two. Looking at the charts with both the Strategies posted I find not much difference in the results. I did not do very fine calculations. But at times "310ADX" gives earlier entry or reversal and at times 315 gives earlier entry or reversal. Winner would not be either of the strategy but would matter more on the Trader trading them, his/her discipline and Money Management ! This is true for all strategies.
Karthik, I did notice in a few charts that at times ADX plus minus values are same and creates confusion when we are not in trade ! In such cases I have taken the previous Position of ADX as valid position..is this correct?

 

[observer]

If next bar filter is applied (that is break of HL of trigger bar), should today's closing be considered for long entry in nifty fut?