Holy Grail Trading strategy...!

linkon7

linkon7

Well-Known Member
#1
#1
Introduction

This trading strategy is only nicknamed "holy grail" it is very easy to follow. The trading-bestseller authors and gurus Linda Bradford Raschke and Laurence Connors describe the holy grail in their book "Street Smarts: High Probability Short Term Trading Strategies".

Theory
With this method, first of all, the strength of a new trend (upward or downward) is identified. If a strong trend reaches new highs or lows, it is advised to buy or sell with the first countermovement.

Once again in "slow-motion": we have a strong upward trend. If the price reaches a new high (highest high of the last 20 days) a counter-movement begins, the rate is sinking. We buy, assuming the stock will continue its way up. (With a downward trend you just put this example upside down.)

This is a trading strategy with a low risk attitude. The average trading span is 1-5 days.

Trading-Advice for BUY
 Set a "Buy Stop Order"above the high of the previous candle.
After executing the order, you set a "Protective Sell Stop to the newly formed "Swing Low.
You are stopped (out). Now re-enter at your initial Buy Stop Order.
We set our breakeven just above the highest high of the last 20 days (20 day high).
With the trade coming in your direction, you reset the stop to secure your gain.


Trading-Advice for SELL
Set a "Sell Stop Order above the low of the previous candle.
After executing the order, you set a "Protective Sell Stop to the newly formed "Swing High.
You are stopped (out). Now re-enter at your initial Buy Stop Order.
We set our breakeven just above the lowest low of the last 20 days (20 day low).
With the trade coming in your direction, you reset the stop to secure your gain.


Assumption :
1. Total Capital : 2 L
2. We will buy 10 K worth of each stock when ever the buy price is triggered
3. Stoploss : Protective Sell Stop to the newly formed "Swing Low.
4. We add 5 K worth of stock when the breakeven is broken.
5. Target : we trail till stop loss is hit.


Note : This is just for Experimentation purposes only. Please do not trade this.
 
linkon7

linkon7

Well-Known Member
#2
#2
Hopy grail stocks for tuesday : 22nd Sept
Code: 
Symbol  	Signal Entry Price  	Protective Stop Breakeven
ANSALHSG.csv	LONG	60.9500	 	57.1000	 	63.0000
HCL-INSYS.csv	LONG	162.0000	153.2500	172.8000
HINDPETRO.csv	LONG	423.0000	376.3000	425.9000
INFOTECENT.csv	LONG	270.8000	262.0000	298.4500
JBFIND.csv	LONG	105.5000	99.0000	 	111.9000
MANAKSIA.csv	LONG	61.4500 	58.4000	 	66.3500
NELCO.csv	LONG	63.9000	 	61.0000	 	69.4000
PETRONET.csv	LONG	78.0000	 	75.0000	 	78.0000
PVR.csv 	LONG	134.4000	128.1000	139.8000
SCI.csv	 	LONG	151.3000	148.5000	151.3000
UNITY.csv	LONG	378.5000	367.0000	398.0000
 
linkon7

linkon7

Well-Known Member
#4
#4
trader.trends said:
Hi Linkon
Good to see your experiments moving from Nifty to stocks. Good luck to your new strategy pal.
Click to expand...
thanks...!
NIfty is getting a bit difficult now a days... with narrow range everyday....
I still trade nifty intraday...but plan to try my hands with stocks soon...!
 
VJAY

VJAY

Well-Known Member
#5
#5
linkon7 said:
Hopy grail stocks for tuesday : 22nd Sept
Code: 
Symbol  	Signal Entry Price  	Protective Stop Breakeven
ANSALHSG.csv	LONG	60.9500	 	57.1000	 	63.0000
HCL-INSYS.csv	LONG	162.0000	153.2500	172.8000
HINDPETRO.csv	LONG	423.0000	376.3000	425.9000
INFOTECENT.csv	LONG	270.8000	262.0000	298.4500
JBFIND.csv	LONG	105.5000	99.0000	 	111.9000
MANAKSIA.csv	LONG	61.4500 	58.4000	 	66.3500
NELCO.csv	LONG	63.9000	 	61.0000	 	69.4000
PETRONET.csv	LONG	78.0000	 	75.0000	 	78.0000
PVR.csv 	LONG	134.4000	128.1000	139.8000
SCI.csv	 	LONG	151.3000	148.5000	151.3000
UNITY.csv	LONG	378.5000	367.0000	398.0000
Click to expand...
Dear Linkon,
are you used afl to scan these stocks?If so please post it..........
 
T

tvrssvk

Active Member
#6
#6
Thanks for this initiative Linkon. I feel lucky to catch your strategy at the very early stage. Would learn as the thread progress.

Would like to thank you again for starting this thread.

Regards,
Jagan
 
Last edited:
T

tvrssvk

Active Member
#7
#7
Hi Linkon,

Just a small query,

Markets have ended positive continuously on all 4 days of the week. However, the stocks which you have selected, max number have stock have ended negative on all 4 days.......Kindly provide ur views on this...

May be the stocks are in sell off mode, if market falls next week for another 3-4 days.......Kindly clarify.......

I still have a lot of queries coming up......
 
S

sibumajumdar

Well-Known Member
#8
#8
linkon7 said:
Hopy grail stocks for tuesday : 22nd Sept
Code: 
Symbol  	Signal Entry Price  	Protective Stop Breakeven
ANSALHSG.csv	LONG	60.9500	 	57.1000	 	63.0000
HCL-INSYS.csv	LONG	162.0000	153.2500	172.8000
HINDPETRO.csv	LONG	423.0000	376.3000	425.9000
INFOTECENT.csv	LONG	270.8000	262.0000	298.4500
JBFIND.csv	LONG	105.5000	99.0000	 	111.9000
MANAKSIA.csv	LONG	61.4500 	58.4000	 	66.3500
NELCO.csv	LONG	63.9000	 	61.0000	 	69.4000
PETRONET.csv	LONG	78.0000	 	75.0000	 	78.0000
PVR.csv 	LONG	134.4000	128.1000	139.8000
SCI.csv	 	LONG	151.3000	148.5000	151.3000
UNITY.csv	LONG	378.5000	367.0000	398.0000
Click to expand...
Dear Linkon, Noted & Listed for keen Observation & Trading with thanks. God Bless U & All.....SMuncle
 
linkon7

linkon7

Well-Known Member
#9
#9
As of 3.20 PM,

Ansal (57.63 up 0.6%) is not going to close above 60.95
HCL-INS (157 up 0.35%) is not going to close above 162
hindpetro (392.55 up 3.31%) is not going to close above 423
Infotecent (259 down 1.37%) was negative
JBFIND (99.40 up 2% ) is not closing above 105.6
MANAKSIA (58.4 down 2%) was nagative
PETRONET ( 74.7 down 0.86%) failed
PVR (138 up 6%) is above our buy target of 134.4 but below our breakeven (139.8) so bot 72 Qty (i.e. 10 K worth)
SCI (142 down 0.63% ) failed
Nelco ( 65.3) is at 5% circuit...so got to buy that tomorrow.
Unity (400) way above our signal entry price of 378 and above its 20 day high (398), so bot 37 Qty (i.e. 15 K worth)


Net investement : 24,736 /-

Stock : QTY : Price : cost :protective SL
_______________________________________________________
Unity : 37 : 400 : 14,800 : 388
PVR :72 : 138 : 9,936 : 131.9
________________________________________________________
 
Last edited:
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