Trading according to Karthiks strategy..

[anup]

Rk sir: adani, tata motors, tata steel, reliance capital

 

[akrsrivastava]

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.

Long at 250.9 got SL'ed again. Have taken your advise and reversed my trade at 249.1.

 

[anup]

Long at 250.9 got SL'ed again. Have taken your advise and reversed my trade at 249.1.

Your Entry is wrong for the trade

 

[anup]

And one more thing, short has not been triggered at all today..

 

[akrsrivastava]

Your Entry is wrong for the trade

Didnt the 11:15 candle trigger long? The 11:30 candle took out the high of 11:15 candle, and I entered long. Seems I need to read the whole thread again

 

[akrsrivastava]

Long at 250.9 got SL'ed again. Have taken your advise and reversed my trade at 249.1.

rangarajan, your advise for reversing the trade worked. I got out with profit. :thumb: :clapping:

 

[anup]

Didnt the 11:15 candle trigger long? The 11:30 candle took out the high of 11:15 candle, and I entered long. Seems I need to read the whole thread again

You have not gone through the thread...your entry is wrong... If i get some time in the evening i will explain adani trade today

 

[rangarajan]

rangarajan, your advise for reversing the trade worked. I got out with profit. :thumb: :clapping:

akrsri,
As rightly pointed out by anup,u have NOT understood the strategy.
Yr entries were wrong.
But adani gave profit today.
Pl read again.

 

[anup]

Hi Aksri,

Go to post number 530, i have explained the method in simple terms..

 

[akrsrivastava]

akrsri,
As rightly pointed out by anup,u have NOT understood the strategy.
Yr entries were wrong.
But adani gave profit today.
Pl read again.

OK...its back to the drawing boards for me.