My Trades and Notes

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

  1. TraderRavi

    TraderRavi Well-Known Member

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    PM to "Traderji" with new thread heading.
     
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  2. Smart_trade

    Smart_trade Moderator

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    Thread title changed.

    ST
     
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  3. Mungus

    Mungus Well-Known Member

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    no touch then no trade.
    didnt understand the touching part

    (I use 20ema,same results)
     
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  4. karthik_sri

    karthik_sri Well-Known Member

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    I use 20MA as a pull back triger...when the scrip moves in a trend 80% of the time it will retest or pull back to 20MA...the price will not keep away for a longer period from 20MA...

    Yes no touch then no trade! wait for a pull back:)
     
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  5. karthik_sri

    karthik_sri Well-Known Member

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    Today and next two days will be spending some time on learning to trade (Intraday) with previous 2 days High/Low as Resistance/Support along with Volume...will be posting my notes here for educational purpose...
     
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  6. amitrandive

    amitrandive Well-Known Member

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    Sirji

    Are you referring to this strategy or something similar ?

    http://tradingsim.com/blog/day-trading-a-two-day-range-breakout/
     
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  7. karthik_sri

    karthik_sri Well-Known Member

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    Amitbro,
    The blog talk about the break of 2 days High/Low with 10% surge in the break out...but what i am looking into is how to take trade using High/Low as Resistance/Support along with the Volume...withing the range of High/Low as well as breakout...here Volume will also act as resistance/support zone or Demand/Supply area...
    I will share my views along with the chart...
     
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  8. karthik_sri

    karthik_sri Well-Known Member

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    Initial chart setup:
    1). Chart time frame: 5min
    2). Plot a Horizontal line on the High & Low price of previous two days
    3). Look for a High volume candle of previous day and mark the High & Low of the candle as these zones will act as additional Res/Support or Demand/Supply zone.
    4). RSI with 2 period to identify Overbought/Oversold area with reading 90 and 10. Mean to say i look for exit from my buy when it reaches >=90 or i will look for short sell when it reaches >=90. I look for exit my short sell when it reaches <=10 or i will look for buy/go long when it reaches <=10
    5). My entry and exit will also be on the Candle stick patters and formations near S/R zone.

    Will learn more moving forward:)!
     
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  9. karthik_sri

    karthik_sri Well-Known Member

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    LT (NSE Cash scrip)
    1). High/Low plotted (High in blue color & Low in Red color) on 4th & 5th Apr'16 for trade to be taken on 6th Apr'16
    2). High volume bar on 5th Apr marked with High/Low (black color)

    My trade interpretation follows for my future reference as well as for other member's guidance/advise...

    [​IMG]
     
  10. karthik_sri

    karthik_sri Well-Known Member

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    Applied Candle Volume in Zerodha Pi...looks very good to read the chart with price and volume in one action!

    BANKNIFTY (5MIN)

    1st open candle with huge volume on the downside and thereafter a hammer with good volume support to push upwards...though not traded live but a paper trade made and exited at inverted hammer at top with good volume!

    entry at 16103 and exit at 16271 (paper trade)

    [​IMG]
     
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