My Trading Diary for Nifty Futures

[rh6996]

Mkt gaps away from our direction ! Holding longs, looking ofr intraday short which seems to be far away at the moment

 

[rh6996]

No trades today.. mkt VERY volatile but remained above Positional Short. Could not trade Intraday short if any, could not check the chart, had given the Positional Short level which was at below 5084 and that was intact!

 

[rh6996]

eNJOYING LONGS IN HAND!! lOOKING FOR INTRADAY POSITIONAL!!

 

[rh6996]

No intraday Short trade till now, Short below 5174.8 for intraday !!

 

[rh6996]

Sudden down move triggered Intraday short!! SL is at 5203.55

 

[rh6996]

Positional Short below 5147...

 

[rh6996]

Holding Positional Short, looking for Intraday Long opportunities!!

 

[rh6996]

u count crossover after completing of candle or in running mode when ever cross happens take position .
how to identify earlier that at any particular level crossover happens.
how to identify sl for same.
plz enlighten us.

Yes, the crossover or for that matter any signal is valid only when the Candle for the Time Frame we are tracking is completed. The logice is very simple... the indicators, be it EMA or SMA or any other , we are using the value of "close"!!!
As you might have noticed that the strategy that I am using or the SH's 315 crossover has no SL, it like in the Trade all the time. Mostly we use SAR=Stop and reverse!! So any SAR level can be used as SL!!
In addition to the original Rules in SH's 315 strategy, a new rule has been added, whenever 3EMA moves adversely for two consecutive days we exit our position! This can save us some losses, and also heart ache of loosing the Profit accululated in the move but still on table!!
You may write to rkkarnani, and ccmb420 they helped me fine tune the strategy!

 

[rh6996]

Dull market, trying to find direction.... at times it feels it will move up and then again it seems no other direction but Down!!!

 

[rh6996]

u r tracking hourly and 5 minute and r continously in trade ?for improvin more and for avoiding whipshaws can we

1) can we use help of adx or stochs or
2) can we buy on daily on positive crossover and sell on lowertime frame on -cross and again buy on lower timeframe on +cross to avoid whipshaw as u r doing.
3) if higher time frame shows + cross than only take signals of + cross on lowertime frame and neglect - cross of lowertimeframe
4) use sar

Hourly seems to be working well for me... would not tweek it!!
Will not add any more Indicators for lower TF, what I am using is giving reasonable returns if not Very Good!!
I am also taking help of 30 minutes 315 cross when there is some confusion!!
I keep open positions (Take home) only in the direction of Hourly.
I trade contra positions only in intraday and this at times help me in getting a Positional reversal early!! Yesterday I was holding Positional Longs, intraday I got a Signal for short below 5185, I used bigger filter and gave a sell below 5175 which got triggered in a sudden down move, and there after my Positional Short (Short level in Hourly was belwo 5150) was also triggered, so I did not exit my intraday short and carried it home... thus my short was initiated at ~5175 instead of at ~5150!!