Hi Anant
I need to say sorry for not adding this in my earlier post - the loss i made on National Alum i have already recovered from another trade taken purely through the triggers issued by your system - so there is absolutely no need to appologize.
I have high regards for the systems developed by you and Savant and have proudly shared these with some of my yahoo group members.
My main aim in taking this as a case study was purely to improve our probabilities in trading/investing.
Had mentioned sometime earlier too that getting signals from your system or any system for that matter is just the first hurdle the next hurdle is trading well and would be extremely grateful if you and Savant could give us some tips on that. (Am not touching money management & psychology etc at this point in time)
For instance what all aspects we need to keep in mind before we place the buy call the next day of the trigger - i.e. how to trade in case of gap up, gap down, open=high, open=low, size of candle on the day of the trigger etc purely from an entry perspective - any additional tools recommended for helping us in live markets.
Also, some tips on the triggers itself - for instance if the trigger is on a red candle then what should be our decision and so on and so forth.
RIC: Anant -
Dear Anant i guess we all are eagerly awaiting for you to reveal to us the modifications that you have been considering for the last couple of months for further filtering you trades - would request you to end the suspense on this front.
Also, would be extremely grateful if you could create a mirroring image of the present afl for trading the short side of the markets too on EOD basis - i personally tried it but with my limited knowledge on AFL's have ended up messing the whole thing.
I do understand that shorting can be done only on the futures segment and most of our members on this thread may not be interested in the same but if it is not too much of an effort then would sincerely request you for the same.
Thanks in advance
Regards
Floyd
Hi Floyd,
Ideally, you should consider the day's closing price to take a decision whenever Target, Stoploss or Sell signals are reached. The intra-day High/Low are not to be considered as the whole analysis is based on the End-of-day data.
Regarding NATIONALUM, the Buy Signal was generated on 13-8-2010 and the Buy action was on 16-8-2010. But it was a false signal. As I was in a hurry, I had missed validating the signal with volume data and posted it without verification. That is why it immediately generated a SELL signal yesterday which led to the loss making trade. It should not have been traded at all on 16-8-10. I will take care to avoid such errors in judgement.
-Anant