My System - My trades.

[Tuna]

There are no methods without whips - the day it happens the market will not exists anymore


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[varunkochhar]

Remember we are always sound in taking the trade technically. (Above 200EMA). If it hits a SL then also no sweat because it was mechanical and not because of your bias. Remember the story about King Solomon and the spider (I think that was it).

 

[Tuna]

Tell the story - I never read it


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[varunkochhar]

I think it went something like this. The King kept on losing war after war and was dejected and in exile. There in his room he saw a spider spin a web but it kept falling many many times. It did not give up and the spider was finally able to complete his web. On seeing this the King regrouped himself and fought his next war to succeed. The moral of the story is try, try until you succeed.

 

[varunkochhar]

 

[varunkochhar]

These just show the 4 basic adds. Let us not even discuss the adds in between.

 

[kumudhan]

Vikram was a brave king. Once, he had to fight against a large army with just a few soldiers, he was defeated. He had to run for his life.

Vikram took shelter in a forest cave. He was very depressed. His courage had left him. He was blankly gazing at the ceiling of the cave. An interesting scene captured his attention.

A small spider was trying to weave a web across the cave ceiling. As the spider crawled up, a thread of the web broke and the spider fell down. But the spider did not give up. He tried to climb again and again. Finally, the spider successfully climbed up and completed the web.

Vikram began to think, "If a small spider can face failure so bravely, why should I give up? I will try with all might till I win". This thought gave strength to the defeated king.

Vikram got out of the jungle and collected his brave soldiers. He fought against the large army. He was defeated again. But now, he would not give up his fight.

Vikram again and again fought against the large army and finally, after many attempts defeated the large army and regained his kingdom. He had learnt a lesson from the spider.

 

[Smart_trade]

Following improvements are needed in the macd method to make it tradeable.

1) We need to keep some stoploss at some important swing point if the 200 ma line is far off .We also have to keep trailing the stops or profit taking to some important swing points.

2) We should take subsequent adds only if the add comes in lower level than the last add in case of shorting....we should not keep adding on smaller MACD when the price is going against us.....

If the above two are incorporated then this system will be very good. The backtest results posted few posts back show few days when the loss is 200 points ,which is probably happening because the above two points are not incorporated and we kept adding when the market was moving against us.

Giving these views only to make the system more useful for traders in actual trading.If not found useful, please ignore ....

Smart_trade

 

[varunkochhar]

If we go above 3070 after the dust settles in crude and do not fall below 3050 then do not short.

 

[varunkochhar]

Yes MB ji had told yesterday to trail SL to the last swing low below the add. You can get out of all your cumulative adds, just remain in the original lot whose exit would be under the 200EMA. For example if you get one initial trade and say 3 adds, then exit the 3 adds by tsl and exit the initial by trailing it just below the 200EMA.