Trading according to Karthiks strategy..

[rangarajan]

Adani,Three rs in No Time, 241.5 to 238:thumb:
Day over.

 

[dipendu]

Rangarajanji, RKKarnaniji & Others,

I am giving hereunder the details of movement of price of McDowell till 12.00 Noon for your valued comment.

McDowell : ATP of 07/02/13 : 1919.59

Today's Movement :
9.15 1929.90 1929.90 1910.80 1911.40
Closed < ATP, hence, sell below 1910.80

9.30 1911.30 1921.00 1910.30 1920.00
sell triggered but if use filter of Re1 as value of share near 2000 then sell not triggered. Further, Candle closed above ATP. Now please advise me, if I consider sell not triggered then should I consider buy from next candle as candle close above ATP, if yes, then above which candle/price >1929.9 (9.15AM) or 1921 (9.30AM).

Awaiting your advice.

Thanks
dipendu

 

[rangarajan]

Rangarajanji, RKKarnaniji & Others,

I am giving hereunder the details of movement of price of McDowell till 12.00 Noon for your valued comment.

McDowell : ATP of 07/02/13 : 1919.59

Today's Movement :
9.15 1929.90 1929.90 1910.80 1911.40
Closed < ATP, hence, sell below 1910.80

9.30 1911.30 1921.00 1910.30 1920.00
sell triggered but if use filter of Re1 as value of share near 2000 then sell not triggered. Further, Candle closed above ATP. Now please advise me, if I consider sell not triggered then should I consider buy from next candle as candle close above ATP, if yes, then above which candle/price >1929.9 (9.15AM) or 1921 (9.30AM).
Awaiting your advice.
Thanks
dipendu

Got Triggered<1917.1 &,s/l was 1924.85
Covered at 1912.6, Profit 6rs.:clapping::clap::thumb:
I didnt trade this scrip.
Only for yr information.

 

[dipendu]

Rangaranji, can you be pleased to explain how McDowell got triggered < 1917.10 ?

Thanking you in advance.

dipendu

 

[rkkarnani]

Got Triggered<1917.1 &,s/l was 1924.85
Covered at 1912.6, Profit 6rs.:clapping::clap::thumb:
I didnt trade this scrip.
Only for yr information.

Sir, Can you kindly mention the Time of the Bars for signal and trigger and target.
Seems you have probably looked at a different chart. The levels you have mentioned do not match !

 

[rangarajan]

Rangaranji, can you be pleased to explain how McDowell got triggered < 1917.10 ?
Thanking you in advance.
dipendu

ATP 1919.6-Mcdowel

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[rkkarnani]

Rangarajanji, RKKarnaniji & Others,

I am giving hereunder the details of movement of price of McDowell till 12.00 Noon for your valued comment.

McDowell : ATP of 07/02/13 : 1919.59

Today's Movement :
9.15 1929.90 1929.90 1910.80 1911.40
Closed < ATP, hence, sell below 1910.80

9.30 1911.30 1921.00 1910.30 1920.00
sell triggered but if use filter of Re1 as value of share near 2000 then sell not triggered. Further, Candle closed above ATP. Now please advise me, if I consider sell not triggered then should I consider buy from next candle as candle close above ATP, if yes, then above which candle/price >1929.9 (9.15AM) or 1921 (9.30AM).

Awaiting your advice.

Thanks
dipendu

Dipendu, I saw the chart on NSE site, and as you said , keeping a filter would not trigger a short ! Here I wish to point out that the 9:30 bar closed almost at the low and the next bar continued with the same momentum and broke the low. So it is evident and essential that we either use some filter in such cases or wait for a minute or two to let the momentum subside before taking a trade. This is my personal view and may differ from the original rules

The Long should be initiated above the 9:30 candle which closed above the ATP ! This is the general rule as per what Karthik has suggested.

BUT ,Here again , its again my personal view , the close is at 1920 the high is 1921 and ATP is 1919.59. The close is just 0.40 paise above. In my scheme of things this is a close ON ATP and I would not trade it.

The first valid trade that i see on the chart available to me at NSE would be above the high of 1:15 bar at 1926 which went on upto 1936 !

Finally, Mcdowell has vicious movements at times and more difficult to trade than other stocks. Do have a look at its historical charts and decide whether or not to trade it per this strategy. I do trade Mcdowell futures regularly and today the first 5 minute bar's high and low was not breached till 11:35 and then also it did not breach the high+filter I use. So there was no trade in Mcdowell today for me !

 

[rkkarnani]

ATP 1919.6-Mcdowel

Uploaded with ImageShack.us

Sir,
Thanks you so much ! Its clear with your data, though there is some minor variation in data you have and NSE chart I saw on their site, but the concept is quiet clear.

 

[dipendu]

RKKarnaniji & Rangarajanji,

Myself too followed Chart of NSE but this chart showing something else.

However, thank you both for spending your valuable time.

 

[akrsrivastava]

Can we trade the same stock multiple times during the day? For eg. if there are multiple long or short trade triggered by the ATP strategy, is it advisable to take all of those or should we take only the first one?

Amit