Priyanvada's chit chat home ...

[prasadam]

Thank you for confirming by belief that

" give somebody the best performing trading system, and it is certain that (s)he would make some changes to it."

BTW, do you know what 9,20 50 etc., stand for ? and what is that 2.?


cheers

prasad.

 

[SavantGarde]

Hi Priyanvada,

Young Lady Don't Go Overboard With The BB Settings....

Ideal For You Will Be 20,3 .....Atleast You Will Be Sure Of The Next Trend If BB Is Touched.....

Fewer Whipsaw......

If You Don't Understand, Tell Me You Don't Understand, How Will I Understand That You Don't Understand, Understand.....


Happy & Safer Trading

SavantGarde

Prasadam,
I am doing little R&d in BB for day trading... I am not comfortable with your 9,2 settings ,... Right now I am looking 50,2 ... and looks pretty cool to me! ... signals are few but STRONG!

 

[prasadam]

Lol SG.

It's called personalization :lol:

haven't we saw so many suggestions regarding crossover also, somebody suggesting 4 & 6, another 3 &5 etc.,

:rofl::rofl::rofl:

 

[priyanvada]

It's called personalization

... Better accept fun with lower profit than huge tension with tiny little higher profit ... Anyway...

Prasadam,

I will just put down the tentative rules...

1. Stocks: - Nifty Stocks
2. No stock above 600Rs.(Mental Calculation becomes problematic and syat peoples interest also down with higher price!)
3. Filter stocks which show weekly uptrend (5days uptrend!)(but I am not sure )
4. Buy Entry with 50,2 lower pierce and NOT with overall downtrend from morning... (by the way only God and you know what that (50,.2) (9,2) means!)
5. Exit : - I am worried,I am worried,I am worried ... Question is how to know the potential of the up-move??? Will it just come to mean BB or forge ahead??? Is it better to scalp out 25-30 paisa /100Rs. or stay IN with trailing stop-loss and don't miss the "opportunity" ... I am totally confused here
6. Stop-loss :- mental (time & price)! (It is boring/time consuming/wasting to cancel the other order (Sell & stop loss Sell!) ...when one gets executed! ... All I will do is,draw a horizontal line where I bought and depending upon the price action after that related with time, I will decide whether to execute sell or stop-loss sell!
7. Chart:- 1 minute line/candlestick?

... Savant sir is advising (20,3), I don't know why?!... (

Some fine tuning is needed about positive exit ()whether to scap out or stay in), ... then about (9,2) ... I am totally in mess here ...

A. If I need one STRONG call (0.4% profit) per 15-20 minutes on a average, tell me what should I do?? What settings and what plan?

B. If I need 2-3 STRONG calls (0.25% strict & exact!) per 15-20 minutes on a average, tell me what should I do?? What settings and what plan?

 

[priyanvada]

Hi Priyanvada,

Young Lady Don't Go Overboard With The BB Settings....

Ideal For You Will Be 20,3 .....Atleast You Will Be Sure Of The Next Trend If BB Is Touched.....

Fewer Whipsaw......

If You Don't Understand, Tell Me You Don't Understand, How Will I Understand That You Don't Understand, Understand.....


Happy & Safer Trading

SavantGarde

I Don't understand

Don't Go Overboard With The BB Settings

... What is the meaning of "going overboard"?? ... is it becoming too serious with it??

Ideal For You Will Be 20,3

... How??

Atleast You Will Be Sure Of The Next Trend If BB Is Touched.....

I don't understand this statement at all

Fewer Whipsaw......

Hmmm ... Hmmmmmm

If You Don't Understand, Tell Me You Don't Understand, How Will I Understand That You Don't Understand, Understand

Yes I understand! ... but I don't understand!

 

[priyanvada]

haven't we saw so many suggestions regarding crossover also, somebody suggesting 4 & 6, another 3 &5 etc.,

... I have only last five days data to back test BB (9,2) or BB (20,3) or BB(50,2)... So my experimentation has not got universal depth!

... So syat you are right with (9,2) ...

I think we should categorize BB ...As

1. Optimum BB optimum for choppy market as of today
2. Optimum BB for strong uni-directional Market
3. Optimum BB for combination of above 1 and 2.
4. Optimum BB for strength of 1 & 2

... something like this...

 

[SavantGarde]

Hi Priyanvada,

You Want To Make Quick Entries & Exits With Perhaps More Profit Than Indicated By You....

Then Use Stochastic Entry.....
Setting - I (5,3,3)
Or
Setting - II (5,3,4)

Just Take Entry At Crossovers & Thereafter Exit Wherever You Think The Profit Is Enough.

Stochastic Appears Below A Normal Chart In A Separate Window...I Suggest Observe What Has Happened Just After The Crossover On A Candle Chart Above & See If It Makes Sense....

If It Doesn't Will Suggest Something Else After I Return From My Moon Trip....

Happy & Safer Trading

SavantGarde

 

[prasadam]

Thanks.........

(by the way only God and you know

 

[APBORDIYA]

Stock market is nothing its a glass of liquid

an article

View attachment 12993

 

[SavantGarde]

Here Is A Chart From One Of My Currency Pairs That I Trade To Illustrate Stochastic Crossover...Lower Window With 2 Squiqqly Is The Stochastic & The One Above With Candle Is A Normal...

By The Way In The Upper Window BB Is 20,3.....

Happy & Safer Trading

SavantGarde