Scalping Experimenting

mastermind007

Well-Known Member
#1
It took me 6 months but I think I may have managed to get my AFL's accuracy rate above 60% but, all said and done, it is still in a beta phase and likely to remain so in foreseeable future.

It is bit of a scalping idea and aim is to capture the inherent momentum in the scrip

I am posting out first set of trades that are picked up thru exploration. Exploration usually comes up with 50 potentials from which I've short-listed 6-7. All are Swing trade calls.

As of now, Idea is to enter into these trades as of Friday in last half hour and carry forward the trade into profit on the momentum itself. Life-span of trade is no more than a week. In other words, I will close off all open trades by next Friday regardless of profit or loss. In 99% of the cases, all of 'em have closed on its own by Wednesday itself.

The Stop loss R:R for this strategy is 1:1 with a caveat. I know, that ideally it should be 1:2, but what can I say. Market misbehave and therefore so will I.

What I have observed that price behaves like a drunk driver who actually wanting to seek extra thrill, goes in opposite direction to gawk at a DUI check point just to count how many cops on duty are doing their jobs. But then, as if he has spotted Rajnikant in uniform, he sobers up, changes directions and goes for targets. In fact the turn around happens so fast that not once have I been able to add additional lot at S/L.

So, my modus operandi is to keep the Stop loss check point fully unmanned but just make a mental/electronic note of the breach. If Price sobers up and does its thing, Great!!. If however, it cruises little further away or seems drunk & drifting beyond recognition, its asta-la-vista time. It is bit of emotional roller-coaster time for me ...

Target is calculated using range which will remain unchanged for the week. So if you enter long at price x, target1 is x + range; target2 is x + 2*range; If target1 or 2 is touched on monday or tuesday, there is a great chance to see target 3. By wednesday, target1 is all one can hope for.

Code:
[B]				Swing	Last
Ticker			Trade	Close	Range	Target 1 (C + R)[/B]
SAIL_F1			LONG 	55.65	1.25	56.90
BHEL_F1			LONG	141.95	3.15	145.10
DLF_F1			LONG	139.75	3.08	142.84
JPASSOCIAT_F1		SHORT	37.65	1.00	36.65
TATASTEEL_F1		SHORT	289.2	6.51	282.69
RCOM_F1			SHORT	152.4	3.09	149.31
RELINFRA_F1		SHORT	392.05	7.9	384.15
 
Last edited:
#2
Format them for easy readability :thumb:


Code:
[B]Ticker		Swing Trade	Last Close	Range Target 1 (C + R)[/B]
SAIL_F1		LONG		55.65		1.25	 56.90 
BHEL_F1		LONG		141.95		3.15	 145.10 
DLF_F1		LONG		139.75		3.08	 142.84 
JPASSOCIAT_F1	SHORT		37.65	        1.00	 36.65 
TATASTEEL_F1	SHORT		289.2	        6.51	 282.69 
RCOM_F1	        SHORT		152.4		3.09	 149.31 
RELINFRA_F1	SHORT		392.05		7.9	 384.15
Just paste the pre-formatted text inside a [ CODE ] [ / CODE ] Block


Cheers


:) Happy
 

mastermind007

Well-Known Member
#6
Ravi using tab is not allowed in this editor, but copy /paste is allowed :D

Best is to copy formatted text from excel sheet and paste . . .:)

Sorry mm for unrelated adds on your thread
No worries, happy.. I tried very hard to tabulate it last night ... but did not know how to. Thanks to you, I'll cut-paste your thing up.
 

mastermind007

Well-Known Member
#8
Following two positions opened as of 4th October. Remaining left pending for now (maybe 7th; maybe never)

Code:
[B][U][COLOR="Red"]		Swing	Entry					Lot	Blocked
Ticker		Trade	Price	Range	T1	T2	T3	Size	Capital[/COLOR][/U][/B]
JPASSOCIAT_F1	SHORT	38	1	37	36	35	4000	48000
TATASTEEL_F1	SHORT	291.7	6.5	285.2	278.7	272.2	1000	55000
 
Last edited:

mastermind007

Well-Known Member
#9
Hi TraderRavi,

After implemeting please explain what is range and where to enter.

Thanks in advance
Prem
"Range" is unit of distance that the price of scrip is likely to move in coming week. For Long Position, T1 is Entry + Range. T2 is Entry + 2 * Range. and so on.... SL would be Entry - Range. but one-time breach is tolerated.
 

whisky

Well-Known Member
#10
Bhai hme bhi bta do agar experiment kasa raha
 

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