My Swing Trading :3 Indicator Method

[pakdi]

dear joy,

i just wanna confirm that you're not totally need to wait all 3 indicators to have sell signal to lock your profit but you analyze the market strength. as in your case, u r using elliot wave technique.

 

[knarendra]

Dear sirs,
Pl.continue the thread. It is more intresting.
regards,
naren

 

[marcus]

Dear vinay,

Any reason in particular you've selected macd,rsi,stoch? The reason I ask is because they are mismatched macd is intended for trending markets where as rsi and stochs are oscillators intended for range bound markets. A buy signal given by all three at the same time negate one another and more over would not be very frequent. Also RSI is not an overbought/oversold indicator and is primarily intended for detecting divergence confirmed by failure swings.

Would it not be better to first identify the type of market, trending or range-bound and apply a combination of indicators compatible and intended for such markets?

Just a thought.

 

[winstonn]

Hello Vinay,
first of all , i want to thank you.........for your sharing attitude!

well, i have one question. Why did u choose RSI as 9 only , MACD as 5,35,5 and Stoc as 5,3,3. Is there any significance with their values?
wating for your reply,

Take care,
Winston

 

[komalpradhan]

A good one from Joy.I am testing it

 

[cbosein]

Hi Joy,

First time I visited this thread & found very informative for new comers. You mentioned 3 indicator method for swing trading. Is it applicable for intraday trading? Or any other stratagies used for intraday stocks & F&O)?

Kindly revert back.

Thanks & regards,
Keerthi

 

[piptek]

WTG Joy. Great you come up with that settings. I use the following settings
Stochastics : 9,3,3
MACD : 6,8,9
ARSI(Asymetrical RSI) 14
For SMAs , I do use 5,10 to take position towards the trend. Like joy I played with different settings and derived with these settings. you have to watch and play with the settings and see which one works for you. There is no such holy grail in indicators that this setting will work right from the get go. After all , charting software, alert covers only 30% of the play. The rest 70% all depends on timing of entry and exits and discipline and how you manage the trade. There are lot of traders who turned a loose trade into bare minimal lose and winning trade into a huge profit. We all loose in trading but it is how you keep your loss minimum and max your profit.
Good luck to all:thumb:

 

[padkondu]

Hi i use the same technique with little different parameters. my setup is like this,
34ema and 89ema to find the trend.
cci-8,rsi-5 and macd 5,34,5

try this as cci-8, rsi-5 gives a bit faster faster signal and then confirm it with macd signal.

regards
padkondu

 

[kiranjakka]

Hi,
For the past few days I have been seeing much controversy on forum about technical analysis . My opinion is that if you have your home work
done, if you have confidence in yourself ,if you are diciplined, if you want
to learn and succeed, You will develop your own methods and setups and
execute them in your plan and then trade your plans. This way you will
not rely on anyone Ashwani Gujaral Or anybody else.(I respect Ashwani as
he is successful and disciplined trader)
One of the hot scrip on forum has
been PBA infra structure. I am Taking up this scrip for My Actual Method
for swing Trade. I have simple method and I call it "3 indicator method".
On the day when sensex went down to 11008, PBA infrastructure Made
a low of 154 and a high of 167. I spotted this scrip on my chart and
saw my setup giving a buy signal. some people would wait to buy it
above 167 the last bar high but in that case my stoploss would be little
far away at 154 and as I am bit agressive I decided to buy it at nextday
at market opening.
Next, I analysed my 3 indicator method. It is a simple
method comprising slow stochastic, RSI, And MACD. I keep settings for
stochastic as 5,3,3 for Rsi 9 and for MACD 5,34,5.
Notice on PBA infrastructure that stochastic gave the first buy signal RSI
gave second signal and Macd final confirmatory signal. the same is applied
to sell the scrip when a sell signal is generated. I dont buy if this setup
fails to give me buy signal howsoever attractive that scrip might be. In that
event I search for next scrip. See the attched chart it gave me perfect
settings to buy and I placed a buy order the next day at market open
My buy order was executed at 160.25 with a stop at 154 which is just Rs. 6
below 160. Had I bought above 167 my stop would have been Rs. 13 away
from 154.
Now in four days time the stock is up more than Rs. 20 and none
of the Indicators have reached over bought region indicating that there is
still much distance to be covered by the scrip on the up side.
So this is my simple swing trading technique. In conclusion, if you do
your home work properly and trade your technique you do not need the
Famed technical experts to rely upon.
So, this is my "3 indicator method for you". I am pretty certain that many
of you will have your own methods and setups.
Regards,
vinay

please help me out with this strategy i have seen the chart of hindalco which has similar characteristics am i correct please correct me if i am wrong

 

[newtrader2012]

thanks looking good