Trading according to Karthiks strategy..

[rangarajan]

When I seem amnesic, I am probably holding Mcdowell position and maybe Mcdowell's product affects me !

Super sense of Humour.:clapping::clapping::clapping:
Holding Mcdowell is Injurious to Wealth & Health.

Watch Hexa below today's Low. or 77.35 Cmp 77.65

 

[karthik_sri]

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,
I was away for 5-6 days for a meeting.

Your understanding is right except the one which I have marked in RED in your quote.

I am not understanding the subsequent candle to breach the high. Once the 15min candle touch the ATP and closed above or below the ATP, place the buy/sell order on the High/Low price of the trigger candle. There is no need to wait for another candle to breach the high/low of the triger candle.

If you still need clarification please write back.

Karthik

 

[anup]

Hi Karthik.Welcome back..

 

[karthik_sri]

Thanks for making this thread alive once again....

Its a very good scalping method given by Karthik,He seems to be missing these days.. and RR sir was the one who mastered it.. and he corrected all of us whenever we were in a disarray...

Please carry on your conversation..I will be the most happiest person if the thread catches the fire once again...

Unfortunately i will be at office and will have no access to chart and cant trade ATP method..

All the best

I am watching the Thread everyday (silently). As the flow goes I want the members to use this and get the benefit rather I keep commenting and correcting. I want the member who use this strategy rightly to guide the other members doubts so that they become master in this strategy. Seniors like RRji is there, you are there and other senior members are entering into this thread and with their support I think we can guide ALL!:thumb:

 

[karthik_sri]

Dear Karthik Sri,

How do you get these, by manual observation or by some sort of exploration AFL.

Regards

Hi MSA,
I got these by AFL exploration...

 

[rangarajan]

Total views nearing ONE LAKH. :clapping::clapping:

 

[anup]

@rr: good observation

 

[akrsrivastava]

AKR,
I was away for 5-6 days for a meeting.

Your understanding is right except the one which I have marked in RED in your quote.

I am not understanding the subsequent candle to breach the high. Once the 15min candle touch the ATP and closed above or below the ATP, place the buy/sell order on the High/Low price of the trigger candle. There is no need to wait for another candle to breach the high/low of the triger candle.

If you still need clarification please write back.

Karthik

I meant the exact same thing which you have mentioned, Probably was not able to convey well. Thanks for clarification

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

On a side note, on 4th Feb, I took the above trade in ADANI i.e long at 250.9 (candle of 11:30) . Some members mentioned that this was a wrong trade. Can you take a look?

Thanks again.

 

[dipendu]

Hi Karthikji, Rangarajanji, RKKarnaniji, Anupji and other,

This is my first post in this thread.

Today I was watching 3 scripts namely SUNTV, CENTURYTEX & STERLITE to understand the ATP Strategy and found the following :

I don't know how to post chart here, so not posting any chart.

SUNTV : ATP of 05.02.13 was 478.25
Today

6-Feb-13 9:29:49 478.1 482.15 478.1 480.45 (Touched ATP)
6-Feb-13 9:44:55 480.5 480.95 478.8 479.9
6-Feb-13 9:59:50 479.85 482.15 479 479 (Buy Triggered)
6-Feb-13 10:14:56 479.25 479.6 476.5 477.65 (SL Trig & also sell Trig)
6-Feb-13 10:29:52 477.85 481.15 477.85 481.15
6-Feb-13 10:44:48 481.05 483.4 481.05 481.75 (SL Trig)

CENTURYTEX : ATP of 05.02.13 was 382.21
Never touched ATP

STERLITE : ATP of 05.02.13 was 107.92
6-Feb-13 13:29:56 108.3 108.3 107.7 107.9 (ATP Touched)
6-Feb-13 13:44:59 107.9 107.9 107.5 107.5 (Sell Triggered)
6-Feb-13 13:59:58 107.5 108.3 107.35 108.05 (SL Trig, Buy Trig & again SL trig)
6-Feb-13 14:14:54 107.95 108.1 107.4 107.4

Please let know that my observations are correct or wrong. If my observations are wrong kindly highlight the same.

Awaiting comments from you all.

Dipendu

 

[rangarajan]

SUNTV : ATP of 05.02.13 was 478.25
Today

6-Feb-13 9:29:49 478.1 482.15 478.1 480.45 (Touched ATP)
6-Feb-13 9:44:55 480.5 480.95 478.8 479.9
6-Feb-13 9:59:50 479.85 482.15 479 479 (Buy Triggered)
6-Feb-13 10:14:56 479.25 479.6 476.5 477.65 (SL Trig & also sell Trig)
6-Feb-13 10:29:52 477.85 481.15 477.85 481.15
6-Feb-13 10:44:48 481.05 483.4 481.05 481.75 (SL Trig)
Dipendu

Dipendu,

I am taking SUNTV .
9.15-9.30 - Touched ATP & closed above it.
So,Long>482.15, But,till 10.0hr,trade Not triggered

10.0-10.15 - Touched ATP & closed above it
So,Long> 479.6, s/l 476.5,
Trade Triggered & went upto 483.4

Our Target ONE rs & u got Bonus.

Run to ATM.