Quadra Safe Trading Strategy - I

[LivetoTrade]

short entry at 4814 ?? In case of a gap down, does the trader wait for the price to reach 4814 or ... ???

What if price doesn't rise to that point ??

TP, SG

Did we not have that 'short' mentioned on the chart dated June 01,2012 ?

I am confused since TP is asking again - sorry.

Side Note : Summer vacations over, so unable to keep track like earlier :lol:

 

[SavantGarde]

TP, SG

Did we not have that 'short' mentioned on the chart dated June 01,2012 ?

I am confused since TP is asking again - sorry.

Side Note : Summer vacations over, so unable to keep track like earlier :lol:

Hi LtoT,

It was mentioned on Friday EOD chart for Today... since it opened much below the low of Friday.... TP was a little confused whether to chase the price and Short or wait....or some other criteria....!!!

Since the price did reach the Shorting level, Trade is now active...!!!
If it had not reached the Level mentioned then what.... was other query by TP...

As a thumb rule...we have 0.1 percent leeway from the level mentioned...incase it still does not Trigger... and everything meets Short trade criteria...then we Short next day at todays EOD low....!!!

Have I managed to clarify.... or confound you even more....

SG

 

[LivetoTrade]

TPs question was at 5.56pm today - so I was wondering if he had not noticed the chart dated June 01,2012.

OK, the second part of the question helped me too

Hi LtoT,

It was mentioned on Friday EOD chart for Today... since it opened much below the low of Friday.... TP was a little confused whether to chase the price and Short or wait....or some other criteria....!!!

Since the price did reach the Shorting level, Trade is now active...!!!
If it had not reached the Level mentioned then what.... was other query by TP...

As a thumb rule...we have 0.1 percent leeway from the level mentioned...incase it still does not Trigger... and everything meets Short trade criteria...then we Short next day at todays EOD low....!!!

Have I managed to clarify.... or confound you even more....

SG

 

[timepass]

Side Note : Summer vacations over, so unable to keep track like earlier :lol:

Arre baba, vacation or not, I am finding Quandra increasingly difficult

 

[SavantGarde]

Arre baba, vacation or not, I am finding Quandra increasingly difficult

TP ...not difficult... just that you have got used to doing several trades intraday...what was the term you had used.... scratch trades....right.... after scalping how can you ever find Quadra easy or exciting....

SG

 

[timepass]

TP ...not difficult... just that you have got used to doing several trades intraday...what was the term you had used.... scratch trades....right.... after scalping how can you ever find Quadra easy or exciting....

SG

Not so boss, scalping is just another experiment I am doing these days, having tried many other strategies. Quadra - well, there's a lot on the chart. Ok, there's a lot on Bollingerworm too, and the EMA strip, but somehow I find them easier to follow, whether intraday or EOD (yes, they are good for EOD directional trades too, using the same rules as for intraday). Maybe when this strategy's rules are crystallized, I will catch up then.

 

[SavantGarde]

Not so boss, scalping is just another experiment I am doing these days, having tried many other strategies. Quadra - well, there's a lot on the chart. Ok, there's a lot on Bollingerworm too, and the EMA strip, but somehow I find them easier to follow, whether intraday or EOD (yes, they are good for EOD directional trades too, using the same rules as for intraday). Maybe when this strategy's rules are crystallized, I will catch up then.

Original trade rules put in place for BB is still very much relevant....for 3 or 5 min TF....!!!

Which uses, the settings 9,2 if the upper BB gets pierced followed by a red candle to go short....and cover if the lower BB gets pierced or you exit when you have two consecutive green candles... similarly, lower BB getting pierced go long if the next candle is Green.... and normal exit is upper BB getting pierced or when one sees two consecutive red candles....!!!

SG

 

[DanPickUp]

Original trade rules put in place for BB is still very much relevant....for 3 or 5 min TF....!!!

Which uses, the settings 9,2 if the upper BB gets pierced followed by a red candle to go short....and cover if the lower BB gets pierced or you exit when you have two consecutive green candles... similarly, lower BB getting pierced go long if the next candle is Green.... and normal exit is upper BB getting pierced or when one sees two consecutive red candles....!!!

SG

Dear SG

What about that non professional future traders get paralyzed to take any decision on such levels which such limited amount of candles ( even with more ) on that short time frames, as market oscillates as much as they can on those levels. Whipped out there and whippet out here.

 

[timepass]

Dear SG

What about that non professional future traders get paralyzed to take any decision on such levels which such limited amount of candles ( even with more ) on that short time frames, as market oscillates as much as they can on those levels. Whipped out there and whippet out here.

Getting paralyzed and missing a trade is better... Better than taking quick action in the other direction

 

[timepass]

Original trade rules put in place for BB is still very much relevant....for 3 or 5 min TF....!!!

Which uses, the settings 9,2 if the upper BB gets pierced followed by a red candle to go short....and cover if the lower BB gets pierced or you exit when you have two consecutive green candles... similarly, lower BB getting pierced go long if the next candle is Green.... and normal exit is upper BB getting pierced or when one sees two consecutive red candles....!!!

SG

BB(9,2).. dekhna padega. Thanks.

Edit : What other indicators/ MAs ?? My s/w is not giving any center line so should I add any MA??