Trades using Moving averages

[augubhai]

Stop Loss @ 5495

 

[augubhai]

Sl @ 5491...

 

[augubhai]

Surprise... SL @ 5491.1 did not trigger. I saw the price @ 5491.15

 

[augubhai]

Now triggered... May be some software glitch... Closed trades for today

 

[augubhai]

Summary of today's trades:

Trade 1
Long Entry 3x @ 5480.90
Exit 1x @ 5511.3
Exit 2x @ 5507.4

Trade 2
Short Entry 3x @ 5507.4
Exit 1x @ 5484.75
Exit 2x @ 5491.5

Trade 3
Long Entry 3x @ 5491.5
Exit 3x @ 5482

Trade 4
Short Entry 3x @ 5474.68
Exit 3x @ 5480

Trade 5
Long Entry 3x @ 5489.45
Exit 3x @ 5487.1

Trade 6
Long Entry 3x @ 5503
Exit 3x @ 5510.55

Trade 7
Short Entry 3x @ 5497
Exit 3x @ 5491.42

 

[augubhai]

 

[SavantGarde]

Augubhai,

Can you please post the chart again with Bollinger Bands with Settings 9,2... sorry for troubling you.

SG

 

[arpit.25277]

thank bro 4 yor reply,but can u pls explain how to define entry(SHORT OR LONG) SL and EXIT wid d help of moving avg with chart and example.i ll b thank ful 2 u.
Thanks in advance.

 

[augubhai]

SG, here is the image with Boll 9,2

I do not use Bollinger... so not familiar with the settings. I just put the 9,2 values in PIB. Hope this is what you were looking for.

For trading NSE, I use PIB charts and place orders in Zerodha.

I have a Amibroker copy that I have not reinstalled since my system got formatted about 6 months back.

 

[augubhai]

thank bro 4 yor reply,but can u pls explain how to define entry(SHORT OR LONG) SL and EXIT wid d help of moving avg with chart and example.i ll b thank ful 2 u.
Thanks in advance.

Arpit,

Let me attempt. I do not have any fixed rules. I will try to describe what I did today - I did this for the first time today, and have never followed these rules before, and am not sure if I will follow them next week. I am still trying out different options. Basically treat this is my learning thread, not a teaching thread.

1. Enter longs only when all the SMA's -3, 5 and 8 point upwards. Preferably, enter on break of high the previous bar. Vice versa for shorts.

2. Move Stop Loss as soon as possible to entry point. Then trail the lows of 2 previous blue bars. Vice versa for shorts.

3. Exit partial when you have a few bars in your favor that close far away from the 3 SMA. (Quite arbitary)

4. Add on break on major visual pivot. (Again, arbitary)

Hope this helps. Your query kind of helped me organize and list the points above.