Hi Sriram ,
Thank you very much for posting these excel sheets . It looks Nifty is the underperformer with Many whipsaws. the phenomenon I observed in these MA crosss over systems, Particularly on Nifty , is Whenver you have a run up , the next 2-3 trades will result in whipsaws ( Due to the consolidation ) . I used to be out of trade after a run up and wait for a cross over which happens above a resistance or below support ( preferably I avoid counter trend trade immediately after a run up ) . Have a look back at the nifty charts and you can see that your self. I know we may loose some trades and we are not in trade for a day or two ,but that's very rare that we loose much profit on those trades . Also , instead of 5 min charts , 10 mins worked better on Nifty .
Regards
Naresh
From: BALASUBRAMANIAM SRIRAM
Sent: Thursday, November 12, 2009 7:46 AM
Subject: [Technical-Investor] Fwd: Nse F&O Mechanical Trades P/L for the month of October 2009-Should you predict the markets?- Can't you just follow it??
| Hi, For the benefit of those who don't want to take views on the market direction, but trade with the direction, I am attaching a set of excel sheets, which will indicate my progressive use of the MA Crossover sysytems to full use. As at present I trade on appx 11 counters and have invested appx 11 lacs on an average as Margins. My average return is appx 10% of my invested margins(say 2-3% on the exposure). This makes it quite attractive for any one wanting to become a full time trader. But it has been very difficult to remain with the system, but was worth it as you may see it from the progress made. Not all scrips were traded from day one. For the last 2-3 months I am sticking to the group-of course leaving out ONGC and adding on DLF. Let those of you who have the patience as well as capital and discipline benefit if they care to trade. One may notice that the whole system is always Stop and Reverse. One remains in market always. For those who believe that charts can help you to make decisions to make money consistently, this one is proof enough. But for those who believe in investing 10000 and making 10 crores this may not work as NSE requires these margins. In the current month the profit stands at around 1.7 lacs-which is not to mean that the end of the month there is any guarantee that this will remain in kitty. But the fact is that it is possible to earn. Sriram B.Sriram 4B, Skylark Apts, 6,Rutlandgate Fifth St., Chennai-600006 Ph:+91 44 28334849(Dir) Mobile:+91 98400 63145 Email:bhsppt@gmail. --- On Thu, 12/11/09, B.Sriram,Director,
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