Trading according to Karthiks strategy..

[vinst]

Why both the sides SL would have Hit?

As per two day strategy we would have been SL Hit. But on GAP Strategy you would have been in decent profits.

2 day strategy : Enter : 6070.95 SL: 6060.20 (The low of first 5min candle) and target 6090.95 which didnt happen and SL hit on 11.10am

GAP Strategy: Today first 5min candle made GAP DOWN compared to previous day last 5 min candle indicating SELL. As per the strategy Short Sell @ 6060.20 SL 6070.95 The price met our low price on 11.10am and if trade initiated against this short sell decent profit in hands. Nifty made low of 6011.10 (50 points!)

My Observation on the strategy: The two day Green candle gave me a Hint that price is in upward momentum and decided to Go Long on the next day. But as the market opened the GAP DOWN Hinted me that the sentiment of two days is shaken. The today morning GAP Down hinted me the Trader sentiment that the momentum of Uptrend has declined!

P/L 2 day Strategy : -10.50 points
P/L Gap Strategy : 31.00 points (though it gave 50 points but as I said Rs.1000/- a day I would exit with covering my losses and earning Rs.1000/-):thumb:

http://i.imgur.com/g182j.jpg

Karthik

your are right. my observation was incorrect.

 

[Jarrod558]

i may not be able to post chart as i will be in office, but will try my best to post chart.. but i will definately post live trades for sure..

 

[Relish]

Dear ,
Plz give me Mr. Karthik's strategy as the link is not working proper

you can check this one http://www.traderji.com/technical-a...ccording-karthiks-strategy-41.html#post753340

 

[akrsrivastava]

Ambarish, Great stuff buddy... Did you see jatinder post?. and did u apply the same logic as it is in his post?.. If yes then great... Or you can modify...

Gurmy i think you are right...

guys here is the conclusion :
1.For short: ,if a candle closes below atp,only short trade will be initiated below the low of that candle ..SL would be the high of the candle
2. if a candle closes above atp,only long trade will be initiated above the high of that candle. SL would be the low of the candle..

Please post your feedback

Is the color of the candle touching the ATP of any significance? For e.g if a Red candle touches the ATP, but closes above it, do we still look for a long?

Thanks,
Amit

 

[msa5678]

Is the color of the candle touching the ATP of any significance? For e.g if a Red candle touches the ATP, but closes above it, do we still look for a long?

Thanks,
Amit

As per my understanding, Yes, it is long call with Entry above the high of that candle and SL below the low of that candle.

 

[anup]

:fatigue::fatigue::fatigue::fatigue::fatigue:

Thread is sleeping...

Hmm.. Not good..Wake up guys!!:yahoo::yahoo:

 

[msa5678]

:fatigue::fatigue::fatigue::fatigue::fatigue:

Thread is sleeping...

Hmm.. Not good..Wake up guys!!:yahoo::yahoo:

Of the 3 strategies suggested by Sri Karthik, namely , ATP, GAP and 2 Day Long / Short. ATP is the most profitable. Yet not much movement here . Why ?

 

[karthik_sri]

Of the 3 strategies suggested by Sri Karthik, namely , ATP, GAP and 2 Day Long / Short. ATP is the most profitable. Yet not much movement here . Why ?

Everybody is trading silently with PROFIT!

 

[ambarish123]

2day tatasteel whipssawd twice in atp,relcap moved nicely

 

[msa5678]

Everybody is trading silently with PROFIT!

They are afraid that if they disclose the profitable counter, it will get crowded.