Reason behind my trades


posted by XX on Tue Feb 25, 2014 02:59 pm

#1

Dear all 

when ever time permits i will share the reason behind my trades with charts and settings used ..

My last 2 trades in crude : 

Settings : RSI 14 and Bolinger Band 12 . 

[img]http://www.niftypundit.com/charts/1393319711.JPG[/img]

Crude chart based on the above setting .

Entry : on reversal at RSI 40 as well as reversal from BB 12 ( lower band ) ..... exit : reversal @ rsi 60 as well as reversal from BB12 ( upper band) .... sl below/ above BB values. 

1 st Entry : buy crude @  6347 ( rsi 14 reversed and crossed above 40 and bounce back happened from BB 12 - lower band ) ..... 

Exit point : @ 6411 ( RSI 14 reversed and crossed below 60 and reversal from BB 12 - higher band ) ...  64 points gain 

2 nd Entry  @ 6408-6411 ( RSI 14 reversed and crossed below 60 and reversal from BB 12 - higher band )  

Exit point : @ 6346 ( RSI 14 reversed and crossed above 40 and reversal from BB 12 - lower  band ) ...  55+ points gain  


 

posted by Amitg on Tue Feb 25, 2014 03:02 pm

#2
many thanks maarish bhai for starting this thread great bhai

posted by moorthyng on Tue Feb 25, 2014 03:30 pm

#3

Maarsih bhai, perfect parameters with the charts, excellent bhai.

posted by XX on Tue Feb 25, 2014 05:27 pm

#4

2 trades in ngas with same criteria ... 

[img]http://www.niftypundit.com/charts/1393329197.JPG[/img] 

1 st Entry : sell Ngas mar  @  294 ( rsi 14 reversed and crossed below 60 and bounce back happened from BB 12 - upper band ) ..... 

Exit point : @ 287-288 ( RSI 14 reversed and crossed above 40 and reversal from BB 12 - lower band ) ...  6-7  points gain 

2 nd Entry  288 ( RSI 14 reversed and crossed above 40 and reversal from BB 12 - lower band ) 

Exit point : @ 292 ( RSI 14 reversed and crossed below 60 and reversal from BB 12 - upper  band ) ...  4+ points gain  

 

posted by moorthyng on Tue Feb 25, 2014 05:48 pm

#5

Maarish bhai, could you help me how to get the online charts software like amibroker, MT where your charts are excellent, I would like to learn the way you are plotting the charts.  Moorthyng

posted by gopala on Tue Feb 25, 2014 06:18 pm

#6

Great Start Maarishbro

posted by chakku on Wed Feb 26, 2014 01:03 am

#7

wonderful maarish bhai... thanks...

posted by Bhavesh on Wed Feb 26, 2014 02:09 pm

#8

maarish ji for posting chart

click on image button and then choose tab--link

posted by XX on Wed Feb 26, 2014 02:17 pm

#9

Thanks bhavesh ji.. will follow this now onwards. 

posted by XX on Wed Feb 26, 2014 05:18 pm

#10

Thank u Ameyad ji for the sharing of ur knowledge on RSI and BB .... i just combined both and did few changes on entry and exit... Full credit to Ameyad  . 

posted by sjnanes on Wed Feb 26, 2014 09:44 pm

#11

thanks Maarish ji...for sharing..please do share your trades as and when possible

posted by XX on Wed Feb 26, 2014 10:24 pm

#12

sjnanes : these trades are shared  in commodity room...  

posted by XX on Wed Feb 26, 2014 10:31 pm

#13

posted by raahul on Thu Feb 27, 2014 05:54 pm

#14

Thanks Maarish ji.... superb explanation...

posted by XX on Fri Feb 28, 2014 07:17 pm

#15

28 Feb 14, 07:03 PM

maarishSELL ngas march 281.4 sl 282.5 tgt 280.10-279-278 


posted by rjois on Mon Mar 03, 2014 12:34 am

#16

maarish bro,

very good explanation. Thanks. Can you share AFL code for the settings please.

Thanks a lot

posted by XX on Mon Mar 03, 2014 07:57 am

#17

rjois : rsi setting is 14 and bolinger band setting is 12 .  i have sepecified in my first post itself.

posted by Sagar on Sat Jun 21, 2014 04:37 pm

#18

posted by Sagar on Sat Jun 21, 2014 04:39 pm

#19

The above chart shows copper sell and buy 30 mins TF

posted by Sagar on Sat Jun 21, 2014 04:41 pm

#20

Sorry copper 1 hr chart



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