Trading according to Karthiks strategy..

[akrsrivastava]

@srivastav: For 7 days did u do paper trade??.. if yes how were the results..You can publish the result..
Which method you followed, ATP or 2 candle theory?

I was using ATP. Others who were trading ADANIENT , please let me know if the paper trades were correct or not.

 

[anup]

I was using ATP. Others who were trading ADANIENT , please let me know if the paper trades were correct or not.

Will check during weekends and will tell u

 

[rkkarnani]

And so, my story continues. I had been paper trading for past two weeks and all trades were positive. Decided to enter today and boom, hit the SL. Makes me mad. :gun2:

Entered long at break of 1:45 candle high. i.e 247.35. SL hit by candle of 2:45. Please let me know if my trade was correct.

Thanks,
Amit

I dont know the strategy, I dont know what stock you were trading but commenting on the basis of this one single Post by you :
In past 2 weeks, must have been around 10 sessions you traded on Paper and all trades were positive enough that gave you the confidence to "actually" trade.

Now a single "negative" day and you are mad !

Loosing is part of this business.....to me surprising is not that you lost in your first actual trade , surprising is that a system gave 10 consecutive winners in the same stock ! It must be really good ! If you had genuinely traded as per rules and discipline, simply shrug off your fear and continue to trade ! I am sure you will turn out a winner !

Maybe I will have a look at the strategy too !

 

[rangarajan]

And so, my story continues. I had been paper trading for past two weeks and all trades were positive. Decided to enter today and boom, hit the SL. Makes me mad. :gun2:
Entered long at break of 1:45 candle high. i.e 247.35. SL hit by candle of 2:45. Please let me know if my trade was correct.
Thanks,
Amit

aksrivastav,
Your trade was correct.
Before i discuss how i had traded this as i trade Adani daily & in my opinion this strategy gives u profit over all everyday,provided u trade at least Two stocks of yr choice.

Coming back to Adani,it gave a loss of 1.75 on the Long trade.:annoyed:
I have written elsewhere in this thread that when a stock hits the s/l,invariably ,the opposite trade gives u profit.

So,i shorted double the Qty at 14.45 candle < 245.2 & recovered Two rs & closed the trade as the time was 15.00hr. Intraday,i never trade after 15hr.

Beside as karnaniji had pointed out if u r getting Ten consecutive profit trade,it means the strategy is worth trading.After all,we r trading probablity.

So dont lose heart & continue.Start with small qty till u get the hang.

Dont forget to Read,understand & trade Turtile Strategy.
Equally powerful & Explosive too for day trade.

By the way,if u r a beginner,go for position trade initially & then come to Day trade for sure wealth.

 

[Xitij]

Please anyone confirm this :
ATP Trade :

We go long above the high of a 15 minute TF bar to close above the Previous days ATP, with Low of the bar as SL.

We go long below the low of the 15 min. TF bar to close below the Previous days ATP with high of the bar as SL.

What should be the Target/s? In case of multiple tgts, is there a Trailing SL?

If first trade hits SL, where do we reverse the trade as suggested by RR .

How to get the ATP?

Can anyone post the ATP values for the benefit of all?

Any short list of shares that are good for this.

Can we also trade it in Futures? Shall we require ATP of the futures contract to trade it?

 

[burai123]

aksrivastav,
Your trade was correct.
Before i discuss how i had traded this as i trade Adani daily & in my opinion this strategy gives u profit over all everyday,provided u trade at least Two stocks of yr choice.

Coming back to Adani,it gave a loss of 1.75 on the Long trade.:annoyed:
I have written elsewhere in this thread that when a stock hits the s/l,invariably ,the opposite trade gives u profit.

So,i shorted double the Qty at 14.45 candle < 245.2 & recovered Two rs & closed the trade as the time was 15.00hr. Intraday,i never trade after 15hr.

Beside as karnaniji had pointed out if u r getting Ten consecutive profit trade,it means the strategy is worth trading.After all,we r trading probablity.

So dont lose heart & continue.Start with small qty till u get the hang.

Dont forget to Read,understand & trade Turtile Strategy.
Equally powerful & Explosive too for day trade.

By the way,if u r a beginner,go for position trade initially & then come to Day trade for sure wealth.

sir,
you trade in cash or future?
according to my future data loss was 3 points and sl triggered at 3.15 pm candle.
suppose,if i am in long and sl not triggered and at the same time there is a short signal according to atp
method in reverse direction then what will i do - stay long according to previous signal untill sl triggered or close long
and go for fresh short ?

 

[akrsrivastava]

I dont know the strategy, I dont know what stock you were trading but commenting on the basis of this one single Post by you :
In past 2 weeks, must have been around 10 sessions you traded on Paper and all trades were positive enough that gave you the confidence to "actually" trade.

Now a single "negative" day and you are mad !

Loosing is part of this business.....to me surprising is not that you lost in your first actual trade , surprising is that a system gave 10 consecutive winners in the same stock ! It must be really good ! If you had genuinely traded as per rules and discipline, simply shrug off your fear and continue to trade ! I am sure you will turn out a winner !

Maybe I will have a look at the strategy too !

Thanks rkkarnani. I got mad not because the trade was negative, but because the trade went negative the first day I decided to trade after almost ten consecutive profitable paper trades
Even I was surprised that this trade gave consecutively ten profitable trades. Thats y i shared the trades on the forum, so that other members can confirm
if I traded as per the system.

 

[rkkarnani]

Someone was looking for Historical ATP data of Adani Ent :
Here is the link for Data from 1st Jan 2013. Is this sufficient or more is needed?

Here is the link :

https://dl.dropbox.com/u/73613258/AdaniEnt_ATP.xlsx

 

[rangarajan]

Someone was looking for Historical ATP data of Adani Ent :
Here is the link for Data from 1st Jan 2013. Is this sufficient or more is needed?

Here is the link :

https://dl.dropbox.com/u/73613258/AdaniEnt_ATP.xlsx

Readily available & postead in this thread many times.
http://www.nseindia.com/products/content/equities/equities/eq_security.htm

 

[rkkarnani]

Sir, As I wasnt much into this thread, seems had overlooked the earlier post. Thanks.
What other Stocks are actively traded per this strategy.