My Trades and Notes

Discussion in 'Trading Diary' started by karthik_sri, Mar 16, 2016.

  1. karthik_sri

    karthik_sri Well-Known Member

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    Amit bro no special rules...i hv started with 20 & 200 MA to gauge the trend....to select good liquidity stocks i hv looked into NSE for Top 5 gainers & loosers as these 5 stocks will be running during the market open period...
    My chart is of 5 min time frame and what I said was during the last 30 min of 18th Mar'16 (3pm to 3.30pm in 5 min time frame) WIPRO stock was having good amount of Volume and today the volumes have dropped drastically which hints that there is no buyers for the stock and a free fall!

    No Sir please!!!
     
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  2. karthik_sri

    karthik_sri Well-Known Member

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    To make simple i look into these..
    1). To buy a stock the stock should be above 200 MA
    2). Plot a 20 MA to see the stock to have a pull back on 20MA and enter long when 20MA & Price/candle is above 200MA price/candle touch 20MA and close above 20MA and go short when Price/Candle is below 200MA and price/candle touch 20MA and close below 20MA.
    3). The SL is Low/High of the candle which close below/above 20MA

    I have started looking into the volumes recently to get more clear picture of initiating my trades. I am still learning!
     
  3. karthik_sri

    karthik_sri Well-Known Member

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    Natural Gas (paper trading due to lack of margin in the account) educational purpose and future reference...

    20MA was below 200MA on 5 min time frame..

    short sell on topping tail (inverted hammer) and covered my position on bottoming tail
    1st paper trade (125.60 - 122.90 = 2.70)

    going long (paper trade) on bottoming tail on green with a target of 20MA or candle signal for exit

    [​IMG]
     
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  4. Rehab

    Rehab Active Member

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    I traded 20ma,50ma.But it gives very late entries.I wonder how u manage it.
    May be I failed to pull a trigger.Looking forward with hope to improve trading using 20ma-200ma method again.

    Pls upload few charts.

    thnx
     
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  5. karthik_sri

    karthik_sri Well-Known Member

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    couldnt able to trade last week due to personal reasons!
    started today!

    Traded basis today NIFTY Top 5 Gainers/Losers...taken the long trade on BHEL & Short sell trade on BHARTIARTL...

    Chart time frame: 15 min

    BHEL : Big Green candle closed above 20MA and closed above last two days high...volume was supporting...entry at 116.90 exited at 119.35 as topping tail formed at top...

    [​IMG]

    BHARTIARTL : 15 min candle closed below 20MA and volume dropped drastically from the previous day close...
    Short sell @ 341.55 and exited @ 335.70 as it was moving upwards...

    [​IMG]
     
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  6. angira

    angira Well-Known Member

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    Karthik,
    thanx for strategy,
    Is this also work for crude?

    angira...
     
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  7. karthik_sri

    karthik_sri Well-Known Member

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    yes to any scrip...this is not a specific strategy...i plot 200MA & 20MA to gauge the trend...to pick the trending stocks or movement stocks i look into the top gainers and losers and see the MA...

    20MA & 200MA is applied by most of the traders (globally) to identify the trend...
     
  8. karthik_sri

    karthik_sri Well-Known Member

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    Today almost all stocks (Nifty 50 top 5 gainers/losers) are in Inside bar range 15 min time frame chart!
     
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  9. karthik_sri

    karthik_sri Well-Known Member

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    NIFTY-I today in range bound within the high volume candle of 5th Apr...will wait for the breakout above the High/Low...

    [​IMG]

    No trade today!!
     
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  10. karthik_sri

    karthik_sri Well-Known Member

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    Can i edit my thread heading...is it possible? Members pls suggest or Mod pls suggest
     
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