Trading according to Karthiks strategy..

[amitsh27]

How To get 5WMA value pl?

 

[karthik_sri]

Karthik,
on back test,unlike ATP,filters r required in this strategy.

For eg,to Long,u have to look for the First candle that goes from Below WMA(5High) & closes above it & maintain yr position with Trailing s/l to Exit.

If u enter in between, there is every chance u may end up in loss.

See on Short on 13 & 14th. Hardly 2rs.

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RR,
Am not getting ur point...could u pls expalin with eg...

 

[rangarajan]

RR,
Am not getting ur point...could u pls expalin with eg...

Have a look at the chart i had posted.
Initially the stock closed above 5 on Nov 2 & the entry was on Nov 6th.
It maintained the price above High5 till 8th.
Suppose ,had u entered on 9th ,ie in between the initial trigger candle & 8th,u would have been stepped out in loss.

This is what i call filter.

 

[gurmy.]

Am not getting ur point...

Karthik,
what i want to clarify is.

today sbi open at 2350,so we will take long position
now from here price went to 2357 and then went below the low of yesterday,s low(2312),then it went to 2382 again

so if we take long at the open,first our sl will trigger

on 2nd attempt we make profit

please clarify

thanks

 

[karthik_sri]

Have a look at the chart i had posted.
Initially the stock closed above 5 on Nov 2 & the entry was on Nov 6th.
It maintained the price above High5 till 8th.
Suppose ,had u entered on 9th ,ie in between the initial trigger candle & 8th,u would have been stepped out in loss.

This is what i call filter.

Yes...the high was made on 6th Nov and price closed above 5WMA High. We will b going long on 7th Nov and if we carry the position we need to maintain Trail SL...

 

[anup]

Karthik,
what i want to clarify is.

today sbi open at 2350,so we will take long position
now from here price went to 2357 and then went below the low of yesterday,s low(2312),then it went to 2382 again

so if we take long at the open,first our sl will trigger

on 2nd attempt we make profit

please clarify

thanks

Today RBI announcement made the difference.. so its better to not trade on these days

 

[rangarajan]

I will also suggest the following.
Look for a candle to close above High5 which is the Trig candle.
Look for another candle to close above the High of this trig candle.(2nd candle)
If u enter above the High of this 2nd,yr chances of making profit is also High & the s/l is the low of 2nd.

How it would behave in sideways mkt,i have not tested.

 

[karthik_sri]

Karthik,
what i want to clarify is.

today sbi open at 2350,so we will take long position
now from here price went to 2357 and then went below the low of yesterday,s low(2312),then it went to 2382 again

so if we take long at the open,first our sl will trigger

on 2nd attempt we make profit

please clarify

thanks

Yes...ur right...the long low TAIL missed from my eyes

 

[karthik_sri]

I will also suggest the following.
Look for a candle to close above High5 which is the Trig candle.
Look for another candle to close above the High of this trig candle.(2nd candle)
If u enter above the High of this 2nd,yr chances of making profit is also High & the s/l is the low of 2nd.

How it would behave in sideways mkt,i have not tested.

Thanks...will chk that tweak...

 

[anup]

Karthik, once u check the tweak..Plz post the entry,exit and SL once again...