Karthik's EOD Strategy based on INSIDE BAR

[rkkarnani]

MARUTI Inside bar on 6th & 7th and break down on 8th!
Let us see what happens on 11th Jan'13

Chart with levels posted. Profit target of Rs.28/- SL of Rs.28/- with RR 1:1

http://i.imgur.com/YNn9oqs.png

Maruti Short triggered, have shorted 1 lot at 1582 !

 

[rkkarnani]

Maruti Short triggered, have shorted 1 lot at 1582 !

Could not keep patience, exited at 1570 !

 

[anup]

Could not keep patience, exited at 1570 !

Its ok sir, however a profit of 12 rs is good

:clap::clap::clap::clap::clap::clap:

 

[shashank yadav]

sorry sorry sorry for posting the matter out of the topic of the thread but I thought it will be beneficial for me and others also.
I have tested many strategies on my amibroker and found 315 is best in results wid some changes.
changes are stop loss 10 points target 40 points trailing stop loss 10 points
wid this I tested and found
NIFTY - 11.22 % profit
banknifty - 18.30 % profit (without trailing sl)
adanient - 85.00 % profit(without trailing sl)
tatamotors- -31.70 % loss
If seniors think some more tweaks or changes make it more profitable plz tell me
(If any body knows how to test a strategy over many stocks tell me.I posted it in amibroker forum also but got no answer)

 

[rkkarnani]

sorry sorry sorry for posting the matter out of the topic of the thread but I thought it will be beneficial for me and others also.
I have tested many strategies on my amibroker and found 315 is best in results wid some changes.
changes are stop loss 10 points target 40 points trailing stop loss 10 points
wid this I tested and found
NIFTY - 11.22 % profit
banknifty - 18.30 % profit (without trailing sl)
adanient - 85.00 % profit(without trailing sl)
tatamotors- -31.70 % loss
If seniors think some more tweaks or changes make it more profitable plz tell me
(If any body knows how to test a strategy over many stocks tell me.I posted it in amibroker forum also but got no answer)

Nice to see sharing your hard work of Analysis for benefit of others.

All these are as per 315 and based on EOD charts????
What SL and Tgt was taken in other than Nifty Futures? Would be good if you can arrive at a SL figure in percentage terms !
Have you taken 315 strategy in toto, i.e entry, exit at not touching 3 EMA, or 2 days 3EMA contramove, add on 15 ema touch etc?? OR is it simple crossover?
Why not discuss this in the Parent thread of Tradewithhunter's 315 ! ?

 

[hik]

Inside bar trading is one of the biggest trading weapon for Price action traders, I wanted to discuss this in my thread itself.But since its hard to trade these inside bars, i wanted evry one to understand the basic methods of price acrion combining with market anatony. Now that you have already started a thread i cannot say RK to delete the thread. But one thing you can do is Post in my thread if you find anything intresting about inside bar. Any company charts etc. Im interested bcoz this is the method we can make lot of money using Price action, but just like upside they are downsides also. We have to be cautious and trade them.
We should not enter unless the low/high of the housing candle is broken.


The problem with them is evry day you will find 100+ companies forming them, You have to be experienced enough to predict which inside bar will work and which bar doesnt.
Two types of entries are valid i.e, REVERSAL and CONTINUATION
(1.) REVERSAL:When market reaches a key support/resistance level if it forms an inside bar, then we only place orders at the direction opposite to key levels
(2.)Continuation: Market is Established UP/DOWN trend. Suddenly an inside bar forms THEN WE PLACE ORDERS ONLY IN THE DIRECTION OF THE ESTABLISHED TREND UP/DOWN.
This way by placing orders on one side of the inside bar taking into the consideration of the previous trend /NExt key level , we ensure that we are on the right side of the market.
cANDLE should have a small real body.

hope this helps,
Hik.

 

[rkkarnani]

Inside bar trading is one of the biggest trading weapon for Price action traders, I wanted to discuss this in my thread itself.But since its hard to trade these inside bars, i wanted evry one to understand the basic methods of price acrion combining with market anatony. Now that you have already started a thread i cannot say RK to delete the thread. But one thing you can do is Post in my thread if you find anything intresting about inside bar. Any company charts etc. Im interested bcoz this is the method we can make lot of money using Price action, but just like upside they are downsides also. We have to be cautious and trade them.
We should not enter unless the low/high of the housing candle is broken.


The problem with them is evry day you will find 100+ companies forming them, You have to be experienced enough to predict which inside bar will work and which bar doesnt.
Two types of entries are valid i.e, REVERSAL and CONTINUATION
(1.) REVERSAL:When market reaches a key support/resistance level if it forms an inside bar, then we only place orders at the direction opposite to key levels
(2.)Continuation: Market is Established UP/DOWN trend. Suddenly an inside bar forms THEN WE PLACE ORDERS ONLY IN THE DIRECTION OF THE ESTABLISHED TREND UP/DOWN.
This way by placing orders on one side of the inside bar taking into the consideration of the previous trend /NExt key level , we ensure that we are on the right side of the market.
cANDLE should have a small real body.

hope this helps,
Hik.

HIK, If it is better to continue in your thead, I dont mind discussing it there. By the way this thread has been started by me all and full credit to Karthik_sri !

Please post the link to your thread !

 

[hik]

HIK, If it is better to continue in your thead, I dont mind discussing it there. By the way this thread has been started by me all and full credit to Karthik_sri !

Please post the link to your thread !

My thread name is "Price action with candle stick analysis".It will be on the first page itself.Since karthik has discussed it first .lets leave the choice to him whether to merge or discuss this in a separate thread. In any way im okay. Its just that if all the price action is in one thrad , it would be easy for some people to refer.

 

[rkkarnani]

Anyone interested in Price Action trading without indicators must visit this thread by hik :

http://www.traderji.com/technical-a...ction-candlestick-analysis-no-indicators.html

 

[rangarajan]

Maruti & Kotakbank gave profits as per IB & Adani as per ATP.:thumb:

Karthik seems to have a nack for simple strategies for Mango man.