Let me start again after a long gap updating this blog with this 123 strategy I came
across today . After reading it looked quite simple to follow so followed it in live market .
One can read about it at http://www.tradeprofitably.com/The_1-2-3_Breakout_Trading_System.html
this gave me clear 20 points today in a long position taken around 12:46 time and trailing the SL.
The black line after 2 shows the entry point at 5028 .
and then subsequent TSL.
EOD 7th June
| Important Lvls for the Day 7th June EOD | |||
| Day TF | Values | Hour TF | Values |
| 5Dema | 4,964.3 | 5Hema | 5038 |
| 5Hema | 4,983 | 5HHema | 5047 |
| 5Lema | 4,910 | 5HLema | 5028 |
| Day Pivot | 5039 | ||
| 21 hr MA | 4960.7 | ||
| 34 Hr MA | 5005.9 | ||
| 10Dema | 4,942.3 | ||
| Last Close | 5050 | ||
Day and hour trend up and we have closed above DHema as well HHema indicating upside momentum gaining strength .
5 Dema has crossed over 10 Dema indicating bullishness.
Also to watch is that 20 MA is approching 200 MA . It will result in Fast fall if 20 turns down soon ( chart below )
Also to watch is that 20 MA is approching 200 MA . It will result in Fast fall if 20 turns down soon ( chart below )
and If 20 crosses over 200 then more upside.
5 comments:
WELCOME BACK DEAR SMITA.
Very Happy to see you.
Two monts got bored maam.
no friend to express pain and pleasure.
Heartly Welcome. Hope you enjoyed holidays.
Hope all is well at your end Dayakar ji. So how was trading these last months?
Did you follow JNSAR ..
no maam. JNSAR scared me when i attempted. i am unlucky when i landed first time in JNSAR 4 times whipsawed and lost 30K. i don't know what to do.
i kept quite since you are not there. i am trying day trade. still in losses. now i think i found day trading mechanism. i am trying it carefully.
it is the combination of ICHIMOKU and TWO pole butterworth filter system. in back testing it looks better. i have to see. now i have you to exchange views. i will upload screen shot in my blog. just have a look. thank you.
Dear Smita,
images uploaded.
Thank you.
in the images at my blog yellow one is TWO POLE BUTTERWORTH FILTER Trading. the blue one is ICHIMOKU Trading system. if you have amibroker i can set it for you. i have the AFL code. i canb suggest one thing. we both can discuss during trading through yahoo messenger or google talk.
if you are willing kindly send me invitation. thank you.
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