Trading according to Karthiks strategy..

[karthik_sri]

I have posted the Futures EOD chart of LT

http://i.imgur.com/M3uIg.png

1). I have circled subsequent two Black & White candles for illustrative purpose as you can find so many subsequent/contineous TWO Black/White candle.

2). In the eg 26.10.12 & 29.10.12 (27th & 28th holiday) black candle which means subsequent/contineous black candle.

Entry Rule: The next day i.e 30.10.12 we have to go short on the first 5 min candle.
1st 5 min candle: High 1704 & Low 1695.90
Enter at : 1695.90
Target : Rs.1691.90 (because LT lot size is 250 and to gain Rs.1000/- we should get min price movement of Rs.4/-
SL : 1704.00 (High of the 1st 5min candle)

The target achieved. Intraday chart posted below.

http://i.imgur.com/FZJFi.png

Karthik

 

[karthik_sri]

It is Subsequent or Consecutive?

Consecutive...

 

[midas touch]

Dear Anup,

Patience is the key. Wealth and knowledge gained over a period of time stays over a period of time.

Regards,
MSA

agreed..but if losses are huge,it takes a very long time to cover them..though u manage MM very well,covering losses,is very frustrating process..specially for those full time trader...part time trader ko already per month salary/fixed income etc milta hi hai...

 

[karthik_sri]

The second LT candle marked on the EOD chart for consecutive candle (for illustrative)

http://i.imgur.com/M3uIg.png

On 21.11.12 & 22.11.12 two consecutive candle which means we have to go Long on the first 5min candle of 23.11.12. But on that day the price didnt went high and no trade trigerred. No Trade is also one way of preserving the Money and the other thing is Strategy is working to our Setup

23.11.12 - 1st 5min candle : High : 1601.70 & Low 1595.10 (price didnt mee the high price)

http://i.imgur.com/23e3b.png

 

[karthik_sri]

agreed..but if losses are huge,it takes a very long time to cover them..though u manage MM very well,covering losses,is very frustrating process..specially for those full time trader...part time trader ko already per month salary/fixed income etc milta hi hai...

Bro if u are Full Time Trader trade only once in a day! The day we have a loss on a Trade our mind will think of how to convert or coverup the losses in the next trade. In my openion if a loss is incurred its better not to trade further as the mind will think of the losses happened and will never allow us to think further and create nervous.

This is just my one cent and pls dont take it some other way!

 

[msa5678]

I have posted the Futures EOD chart of LT



1). I have circled subsequent two Black & White candles for illustrative purpose as you can find so many subsequent/contineous TWO Black/White candle.

2). In the eg 26.10.12 & 29.10.12 (27th & 28th holiday) black candle which means subsequent/contineous black candle.

Entry Rule: The next day i.e 30.10.12 we have to go short on the first 5 min candle.
1st 5 min candle: High 1704 & Low 1695.90
Enter at : 1695.90
Target : Rs.1691.90 (because LT lot size is 250 and to gain Rs.1000/- we should get min price movement of Rs.4/-
SL : 1704.00 (High of the 1st 5min candle)

The target achieved. Intraday chart posted below.



Karthik

Dear Karthik Sri,

Hats off to you. Your strategies are very simple and profitable.

Regards,

MSA

 

[mangup]

Hi Karthik_sri,

1.Is there any criteria to identify the potential two candle setup with the false ones?
2.In long setup of LT, neither long was triggered nor the SL got hit on the next day(as it was an inside bar), whether the setup remains valid for the subsequent days?

 

[msa5678]

Yes for selective scrips for the last 3 months. The success ratio is good.

Dear Karthik Sri,

Please list the selective scrips, if I am not asking for too much.

Regards,
MSA

 

[rangarajan]

On random checking of 30 stocks,All gave profits as per the New strategy.:thumb:
Hats off.
However,in certain stocks,the profit was less than one ruppee unlike ATP & may be more suitable in Fut to achieve the Tgt net brokerage.

In certain stocks,there were Dual opportunities to trade with Both the strategies. eg: Adani

Fantastic information.

 

[karthik_sri]

Hi Karthik_sri,

1.Is there any criteria to identify the potential two candle setup with the false ones?
2.In long setup of LT, neither long was triggered nor the SL got hit on the next day(as it was an inside bar), whether the setup remains valid for the subsequent days?

Hi Mangup,
1). Currently i have not identified any such setup.
2). No, we should have consecutive two black or white candle