Trading according to Karthiks strategy..

[VJAY]

Tatasteel(2trades),BHEL,Bharti,DLF......3win 2 loss trades today....

 

[anup]

Tatasteel(2trades),BHEL,Bharti,DLF......3win 2 loss trades today....

2 loosing trade, bad day....

 

[kapilpatil]

Today I was stucked in BHEL only.... 2 stoplosses.... Bad day for me too
Will remove BHEL from my watchlist

 

[anup]

Today I was stucked in BHEL only.... 2 stoplosses.... Bad day for me too
Will remove BHEL from my watchlist

Remove BHEL, add ABAN,VIP industries (good one!!)

 

[neerav thakkar]

Remove BHEL, add ABAN,VIP industries (good one!!)

aban is dangerous... i was almost clean shaved but was saved :annoyed:

 

[anup]

We have to identify other stocks which are good for ATP method..Guys plz suggest

 

[ramasubbaiah9]

If it is shared here newbies like me will get benefited greatly. Welcome sir..

 

[anup]

Hi All,

Can anyone try educomp, punjab national bank,Wipro,HCLTechnologies and tell how obedient they are to ATP..

 

[anup]

Guys trying out one different method, So just posting calls...Please Dont buy just paper trade....I am posting my calls, Once again warning you guys just paper trade..

For tomorrow intraday(08/01/2013 call)
1.If axis bank opens at 1380.25 or above then sell it and book profit at 1364.45
2.If tata steel opens between 433.5 and 427.57 then buy it and book profit at at 439.43..

This trade(if triggered) should be completed(profit to be booked) at 10.00AM or 9.45 AM..Only 30-45 minute trade, its like a T20 cricket...
As its in testing phase and dont ask the SL, i havent defined SL and Also dont ask methodology behind it...Testing time starts from tomorrow...

 

[karthik_sri]

Hi Krishna,

Let me explain with today's example.

Gap Up Open is the stock opens above the high of yesterday's last candle. Similarly, Gap Down Open is the stock opens lower than the low of yesterday's last candle.

Today ADANIENT opened higher than yesrday's last candle high. So it is Gap Up open.

In case of Gap Up open, Trade for long only. Go long above the high of first candle of the day. SL is low of the same candle. Exit is same as Karthik's Avg price method. That is after a fixed points gain.

In case of Gap Down, go short below the low of first candle and SL is high of that candle. Exit after a fixed number of points.

Today as ADANIENT opened Gap Up I went long. Ideally, using 5 min TF I should have gone Long above 281.75. But because of positive open in NIFTY, I risked entering immediately, a little above opening price. The third candle of the day was a Doji, so caution set in to exit as soon as possible. The next candle was green and made a higher high but not much above previous candle high. So, on fifth candle I placed sell order 25p above high of fourth candle which got executed. There is no reason why 25p above previous high. Just I thought, try it and if not successful, modify lower. But it worked.

There was some risk involved as I did not wait for first candle to complete. But intuition works.

Ideally, you should enter above first candle high, exit when price falls below the second low before the present candle (Guppy's count back method).

I hope it is clear.

-Anant

Hi Krishna,
I just posted few of the charts for your understanding...

http://i.imgur.com/8pDrz.png
http://i.imgur.com/ADPoG.png
http://i.imgur.com/Ss9cW.png

Karthik