My System - My trades.

[Tuna]

You have forgotten my very key input over the weekend. We do not make money (i mean not serious money) from our initial trade my friend. The Initial trade only gives us our bread and butter. The chicken and the Daaru come from Adds without taking any extra risk. But for that we first need to establish that a trend is in place. If only you would give me time then perhaps i can dwell on the rest of it.

You take sometime and explain. I am doing some quick tequila shot at crude in the mean time

 

[varunkochhar]

There was a very popular song by Vanessa Williams in the 90's. It went something like this."Sometimes the Sun goes round the moon, sometimes the snow comes down in June......Sometimes the very thing you are looking for is the one thing you don't see". So keeping it simple. How many of you have used the MACD with these parameters (200,36,9)

 

[varunkochhar]

We keep an open mind when the ema's converge. It can either be a BO or a BD. No Bias. The channel takes over from there. What i am promising you is a high probability of a trend setting in from there on.

 

[varunkochhar]

Now i will tell you how to trade the channel for milking the trend to the max with the help of Adds.

 

[Tuna]

There was a very popular song by Vanessa Williams in the 90's. It went something like this."Sometimes the Sun goes round the moon, sometimes the snow comes down in June......Sometimes the very thing you are looking for is the one thing you don't see". So keeping it simple. How many of you have used the MACD with these parameters (200,36,9)

Hmm, any TF? Can I try this in hourly?

 

[varunkochhar]

Sure my friend. Any TF. But even 5min would give you excellent results and the stops would be manageable if you go wrong and you would get plenty of Adds to take care of your occasional whips.

 

[wisp]

Varunji, zooming in on your chart, to me it looks like there were exits at yellow lines. Please correct where I am going wrong in my thought process.

Varunji,
Will you please look at this post and help me out ? Thanks a lot

 

[varunkochhar]

Now about the ADDS. You do not tinker with your SL in the TF where you got your initial trade. Say for example you got your first trade, trading this setup from a 5min. chart. Now look for the same setup for adds in 1min. TF with same rules. You can add to your original positional trade when you get a same setup in the 5min TF again (Which would also bring your stop closer for your positionals). The Adds as per 1min. would be your bonus. These may be treated in the same way as BO/BD when this pattern repeats. There may be a time when you get 10/12 adds in case of a very bullish market but do not sweat as you have clearly defined different sl's for the trades off 5min. charts and those off 1min. charts. Imagine a 300 point move giving you 2000+ points with just your initial risk.

 

[varunkochhar]

Wisp ji we only look to go long at good opportunities till we are in an uptrend which can be gauged by not going under the last confluence of LV Bar lines. The Time to sell all came at around the price equivalent of 25100 in this upmove from 23200 as per OBV.

 

[varunkochhar]

In BN we could have got more than 10000 points in July itself trading this simple method.