Trading according to Karthiks strategy..

Does ATP method is prfitable for your trade?

  • Yes

    Votes: 13 40.6%

  • No

    Votes: 3 9.4%

  • Not all the time

    Votes: 16 50.0%
  • Total voters
    32
  • Poll closed .
S

Student

New Member
#151
#151
karthik_sri said:
Hello Student,
There is a difference of VWAP given by you and from the NSE which i have taken.

The Avg Price (ATP) as per NSE for SAIL is 84.92 (Dt: 17.12.12)
We have to trade on Intraday on 18.12.12 with the ATP price. You can find the rules from my previous post.

I have attached the Chart of SAIL 18.12.12 with the Trading oppertunities numbered as 1,2&3.

1. The first trading oppertunity numbered as 1 in the chart touched the ATP and closed above ATP with high of 85.30 and low of 84.85. We have to place our buy order at 85.30. The order got fullfilled (see next candle) and we are in Trade.

2. The candle marked as 2 made low of 84.65 and hit SL 84.85 and our 1st Trade hit with SL. But the candle touch ATP and closed below ATP and gave another oppertunity for going short. The High is 85.30 and Low 84.65. We place our sell order at 84.65 and order got fullfilled on the next candle. We are in Trade

3. The candle marked as 3 didnt made further low proceed upwards and touched ATP and closed above ATP. But we are still in Trade as our SL is 85.30 which is High of the ATP candle where the signal generated. The next big green touch our SL and we are out from the trade with SL hit on the second trade.

We are not initiating or going long as there is no subsequent candle touch ATP.

http://i.imgur.com/PhADb.jpg


Karthik
Click to expand...
Thanks Karthik :) Clear explanation. But in some cases (Eg: Post# 89), we are waiting to monitor the next ATP candle and then take the trade call based on that. In this SAIL case... why are we not checking the subsequent ATP candle before initiating trade?

Am I missing something? Please clarify.
 
anup

anup

Well-Known Member
#160
#160
Modiji is setting record in gujarat...... What a man he has been...Absolutely out standing... can we also win in trade today along with modi?...yes we can.... lets see :)
 
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