Trading according to Karthiks strategy..
- Thread starter anup
- Start date
For the benifit of all user i am publishing ATP method once again and this will be the final time
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and others
lease correct if there is any typo error and any other thing missed
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and others
lease correct if there is any typo error and any other thing missed
For the benifit of all user i am publishing ATP method once again and this will be the final time
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and otherslease correct if there is any typo error and any other thing missed
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and others
lease correct if there is any typo error and any other thing missed
Thank you very much for the compilation.
Just one point-In ATP method, closing below/ above Atp is of utmost importance but not the color of the candle. What i mean is a candle may close below Atp and still may be GREEN in color, isnt it?
For the benifit of all user i am publishing ATP method once again and this will be the final time
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and otherslease correct if there is any typo error and any other thing missed
1.Get the ATP of previous day from http://www.nseindia.com/products/content/equities/equities/eq_security.htm
2.Once you got the ATP of previous day, Plot 15 min chart for today and mark the ATP on the chart
3.For Shorts:Wait for the candle to touch ATP and close below it (red candle) then wait for the next candle,next candle should go below the low of the candle touching ATP then shorts will be initiated and SL would be the high of the candle touching ATP
4.For Long: Wait for the candle to touch ATP and close above it(green candle) then wait for the next candle,next candle should go above the high of the candle touching ATP then long will be initiated and SL would be the low of the candle touching ATP
5.Profit booking: we usually book profit of Rs.1, sometimes we will get some bonus profit also
Which stock can you trade: adani,reliance capital,tata steel,tata motors and other highly traded scrips
What about Gap up/Gap down days??.. Yes Karthik has also defined what to do on Gap up/Down, Here is the strategy:
1). The chart time frame is 5 min
2). We look for GAP in the previous day closing 5 min candle and current day opening candle. (e.g: 15/11/2012 3.30pm candle & 16/11/2012 9.15am or 9.20am candle)
3). Entry: If there is a GAP down we go short on the low of the first 5 min candle & vice versa on GAP up.
4). Exit: We can come out with minimum of Rs.5/- if we trade on highly traded scrips.
5). SL: The High/Low of previous day closing candle.
6). Important point to note: No trade on opposite direction (will explain with charts for better understanding)
Guys everything i have patiently compiled it on a good weekend, please dont ask for charts..Instead you draw a chart and get your hands dirty on this method
@RR,Karthik,Gurmy and others
lease correct if there is any typo error and any other thing missed
Thanks for taking pain and explaining in simple words. Just one small query from myside....how to define GAP up/down? Say adani closed at 270 and opened at 275....is it a Gap Up? Also explain what is not Gap Up.....is it engulfing candle ??
Rgds
Amit
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