Trading according to Karthiks strategy..

[rkkarnani]

ADANIENT Futures trade as read by me :
Sell below low of 10 AM bar : 245.75 does a low of 243.20 Excellent scalp !

 

[akrsrivastava]

Adani levels : Cash or Future?
But my take : this trade was not strictly as per Karthik strategy!! Its not yet 10, so the bar has not yet closed.
Do take time to clarify, it may help a few here.

Request to all who PMed me asking clarification on this strategy : Please post here so that people who understand this strategy better than me can respond.

Here's my understanding of rangarajan's trade. 9:45 candle touched ATP and closed below it at 246.65, triggering short. We entered short as soon as this low was breached by 10:00 candle. We exited as soon as we made 1/- profit.
Even the 9:30 candle triggered the short trade (but only marginally). However the 9:45 candle didnt breach the low of 9:30 candle, so no trade.

 

[akrsrivastava]

Anup, question is how to confirm this... I did not go through entire thread and there might have been some more rules to make it what you write as correct!!

So how to blow away this cloud of doubt ? Only Karthik can do it!

Because people like akshri might also have been confused as I am.

Would request Karthik and also Rangarajan sir to comment on this and clarify.

I am writing below what I understand about this strategy. Let me know what is incorrect

Note down the ATP from nse-india site.

On the 15 minutes chart wait for the candle to touch the ATP line

If the candle touches the ATP line and closes above it, its a trigger for long

If the candle touches the ATP line and closes below it , its a short trigger.

The color of the candles are irrelevant. So if a red candle touches the ATP and closes above it, it is still a long trigger.

Once you have a long trigger, wait for a subsequent candle to breach the high of the trigger candle. This will be the trade entry point. i.e we enter at the breach of the high of the trigger candle.Similar rule for short trade.

However, once a long trade has been triggered, but not initiated, if a subsequent candle closes below the ATP line , then the earlier long trigger is cancelled and we now have a short trigger.Similar rule for short trade.

The profit target is 1/-

SL is the low of the trigger candle in case of long trade and high of the trigger candle in case of short trade.

OK, thats the summary of my understanding till now.

 

[rkkarnani]

akrsri, seems your understanding to be matching with mine. What is correct, I dont know !

 

[rkkarnani]

Here's my understanding of rangarajan's trade. 9:45 candle touched ATP and closed below it at 246.65, triggering short. We entered short as soon as this low was breached by 10:00 candle. We exited as soon as we made 1/- profit.
Even the 9:30 candle triggered the short trade (but only marginally). However the 9:45 candle didnt breach the low of 9:30 candle, so no trade.

Okay, its clear ! The difference could be due to me watching Futures chart ! Where 9:45 candle did not close below ATP !

 

[anup]

I am writing below what I understand about this strategy. Let me know what is incorrect

Note down the ATP from nse-india site.

On the 15 minutes chart wait for the candle to touch the ATP line

If the candle touches the ATP line and closes above it, its a trigger for long

If the candle touches the ATP line and closes below it , its a short trigger.

The color of the candles are irrelevant. So if a red candle touches the ATP and closes above it, it is still a long trigger.

Once you have a long trigger, wait for a subsequent candle to breach the high of the trigger candle. This will be the trade entry point. i.e we enter at the breach of the high of the trigger candle.Similar rule for short trade.

However, once a long trade has been triggered, but not initiated, if a subsequent candle closes below the ATP line , then the earlier long trigger is cancelled and we now have a short trigger.Similar rule for short trade.

The profit target is 1/-

SL is the low of the trigger candle in case of long trade and high of the trigger candle in case of short trade.

OK, thats the summary of my understanding till now.

@Akr: Sorry for not confirming your trade, I was busy in preparing for interview(Want To change my company!!LOL!)...If i get time i will definately look into it..
Meanwhile if you have doubt ask the expert RR...Sorry RR, pushing the queries to you..Sorry

 

[akrsrivastava]

@Akr: Sorry for not confirming your trade, I was busy in preparing for interview(Want To change my company!!LOL!)...If i get time i will definately look into it..
Meanwhile if you have doubt ask the expert RR...Sorry RR, pushing the queries to you..Sorry

Good luck to you. Changing companies is more difficult these days compared to becoming a profitable trader :lol:

 

[anup]

Good luck to you. Changing companies is more difficult these days compared to becoming a profitable trader :lol:

Yes... there is no fixed strategies in changing company but in trading there are some strategies.... I am hating IT....

 

[Xitij]

For this is an easier set up to trade.
Today traded Ranbaxy Futures :
Short below 9:45 435.10 less 50 paise filter suggested by rkk, covered at 432.60
Short below 11:00 436.50 less 50paose filter, did not trigger
Short below 11:45 low : did not trigger

Long above : 13:00 438.95 +0.50=439.45 >long at 439.55 exit at 441.45

Please confirm these trades. Request skrshri and Rangarajan who is trading it regularly to kindly confirm this.

 

[rkkarnani]

I agree with pcj, it is an easier set up to trade ! Rules seem to be very clear cut. After ging through random posts by Karthik, Anup and Ragarajan I also traded one lot LT futures, long above high of 1:45 PM bar at 1543.65, Long above 1544.65 and exited at 1546.45 It did a high of 1548 a clear move of Rs.1000/- from 1543.65 for a 250 shares lot size.
Was just testing the water before taking a plunge.