1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac
- Thread starter healthraj
- Start date
- Tags many trades per-day(mtp) one trade per-day (otp) raj trading system trade with renko chart trade with saint flow
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Today it was a Volatile session in the morning. But if you had stuck to the levels and kept some patience then you would have made some profit.
I am also posting the Today's 30 minute and 10 minute NIFTY chart...
So you can see how the Pivots work... In the 10 minute chart you can see a lot of UPs and DOWNs. But you can also see the Triangle formation. If you looked at the chart around 11:45 you would actually seen the line that I have drawn in black colour. In the 30 minute chart you would have got 5 signals totally...
If you observe closely the Triangle breakout also happened around 5703 NS level...
So when you plan for Monday Session, have a look at the following
- Look at the Hourly RENKO chart and note down the pivot levels and start your day with those levels.
- Once you have taken positions look at the 10 min and 30 min charts and levels.
- One another simple thing also you can do. From the Stock Screener take the 3 Day EMA value.... If Trading above the 3 DAY EMA, STAY LONG. IF TRADING BELOW 3 DAY EMA - STAY SHORT. This is an additional indicator that you can use.
Always remember
- To Take Fresh positions - Use Higher Timeframe pivots only, whichever timeframe you feel comfortable.
- To add more positions - You can use Lower timeframes.
- In the morning - Go throught and Have a feel on the hourly timeframe chart and the levels and note it down in your planning sheet.
Finally today the market covered 50% of what we projected yesterday, I mean around 5675...
For those beginners using the FLOW method - Trading NIFTY Tomorrow
On the left you see the DAILY Pivots... If you have been trading today then 5703 NS was the level you should have watched... And any strong movement above that would have been a BUY and you saw the market went up to 5722.5
On the right you see the 30 minute pivots... and so you can see different pivots... Today the market opened around 5675, Went down till 5650, Broke the Resistance line at around 5673 and closed around 5620.
Tomorrow you can watch for the important levels 5703 and Today's high of 5722.5...
Sell BELOW 5703 and it can go till 5625... All the Levels are in SPOT. My opinion always watch for the Levels in SPOT because the levels in Futures Keep changing.... But normally the levels in SPOT is the decider...
Tomorrow I think the market will fall to 5625... Let us see.
On the left you see the DAILY Pivots... If you have been trading today then 5703 NS was the level you should have watched... And any strong movement above that would have been a BUY and you saw the market went up to 5722.5
On the right you see the 30 minute pivots... and so you can see different pivots... Today the market opened around 5675, Went down till 5650, Broke the Resistance line at around 5673 and closed around 5620.
Tomorrow you can watch for the important levels 5703 and Today's high of 5722.5...
Sell BELOW 5703 and it can go till 5625... All the Levels are in SPOT. My opinion always watch for the Levels in SPOT because the levels in Futures Keep changing.... But normally the levels in SPOT is the decider...
Tomorrow I think the market will fall to 5625... Let us see.
I am also posting the Today's 30 minute and 10 minute NIFTY chart...
So you can see how the Pivots work... In the 10 minute chart you can see a lot of UPs and DOWNs. But you can also see the Triangle formation. If you looked at the chart around 11:45 you would actually seen the line that I have drawn in black colour. In the 30 minute chart you would have got 5 signals totally...
If you observe closely the Triangle breakout also happened around 5703 NS level...
So when you plan for Monday Session, have a look at the following
- Look at the Hourly RENKO chart and note down the pivot levels and start your day with those levels.
- Once you have taken positions look at the 10 min and 30 min charts and levels.
- One another simple thing also you can do. From the Stock Screener take the 3 Day EMA value.... If Trading above the 3 DAY EMA, STAY LONG. IF TRADING BELOW 3 DAY EMA - STAY SHORT. This is an additional indicator that you can use.
Always remember
- To Take Fresh positions - Use Higher Timeframe pivots only, whichever timeframe you feel comfortable.
- To add more positions - You can use Lower timeframes.
- In the morning - Go throught and Have a feel on the hourly timeframe chart and the levels and note it down in your planning sheet.
Finally today the market covered 50% of what we projected yesterday, I mean around 5675...
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Hi Helath Raj...Today I am trading frm office...Today i saved the excel in the office for the first time and was trading..As u know there will be firewalls which will obstruct some Macros, I think it might be a problem...
Hi Helath Raj...Today I am trading frm office...Today i saved the excel in the office for the first time and was trading..As u know there will be firewalls which will obstruct some Macros, I think it might be a problem...
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Raj..One more suggestion, At EOD, In the current system make a possibility to calculate the profit (number of units)... Else we can do one more thing.... make one more sheet where the buy call generated timing and the profit gained column can be added..so that user will know when the call was generated and how many points earned
Raj..One more suggestion, At EOD, In the current system make a possibility to calculate the profit (number of units)... Else we can do one more thing.... make one more sheet where the buy call generated timing and the profit gained column can be added..so that user will know when the call was generated and how many points earned
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Check if you are able to goto the NSEIndia.com and Finance.google.com
http://www.google.com/finance/getprices?q=NIFTY&x=NSE&i=86400&f=d,o,h,l,c,v&p=10M
http://nseindia.com/ChartApp/instal...Periodicity=1&ct0=g1|1|1&ct1=g2|2|1&ctcount=2
Check if you are able to goto the NSEIndia.com and Finance.google.com
http://www.google.com/finance/getprices?q=NIFTY&x=NSE&i=86400&f=d,o,h,l,c,v&p=10M
http://nseindia.com/ChartApp/instal...Periodicity=1&ct0=g1|1|1&ct1=g2|2|1&ctcount=2
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
I am able to go to www.nseindia.com and www.google.com/finance... But the link which u have provided http://www.google.com/finance/getpri...,h,l,c,v&p=10M (it is fetching date,price,High,low open)... but http://nseindia.com/ChartApp/install...|2|1&ctcount=2 (Is not working i am getting some encrypted junk values)... I think nseindia link has the problem..
I am able to go to www.nseindia.com and www.google.com/finance... But the link which u have provided http://www.google.com/finance/getpri...,h,l,c,v&p=10M (it is fetching date,price,High,low open)... but http://nseindia.com/ChartApp/install...|2|1&ctcount=2 (Is not working i am getting some encrypted junk values)... I think nseindia link has the problem..
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Chart Patterns.
During the Rangebound days normally people complain and they end up loosing. In the RENKO Charts basically I had implemented some minimal patterns like Triangle, Flag using the Pivots using the "BUY ABOVE" and "SELL BELOW" lines. I am not sure how many people consciously look at those patterns and take trading Decisions. There are a lot of material out there in the internet to explain the chart patterns.
This weekend I will try to provide powerpoint presentation, which would contain some simplified information on Chart patterns.
Chart patterns are very important because they help during the volatile and rangebound days. There is no other way to trade those volatile days. The beauty is that even in those chaotic Volatile days there is a beautiful pattern formed and if only our human brain is trained to recognize those patterns we would not be able to see those patterns. Some orderly in the inorderly like the Chaos theory...
If you are not convinced that you need to learn those patterns, What If I tell you that before all major breakouts there would definitely be a pattern. When I say breakout, you are surely going to make profit. So in a nutshell, the reason to know the chart patterns is to play the breakout and make some huge profits instead of doing scalping....
Chart Patterns.
During the Rangebound days normally people complain and they end up loosing. In the RENKO Charts basically I had implemented some minimal patterns like Triangle, Flag using the Pivots using the "BUY ABOVE" and "SELL BELOW" lines. I am not sure how many people consciously look at those patterns and take trading Decisions. There are a lot of material out there in the internet to explain the chart patterns.
This weekend I will try to provide powerpoint presentation, which would contain some simplified information on Chart patterns.
Chart patterns are very important because they help during the volatile and rangebound days. There is no other way to trade those volatile days. The beauty is that even in those chaotic Volatile days there is a beautiful pattern formed and if only our human brain is trained to recognize those patterns we would not be able to see those patterns. Some orderly in the inorderly like the Chaos theory...
If you are not convinced that you need to learn those patterns, What If I tell you that before all major breakouts there would definitely be a pattern. When I say breakout, you are surely going to make profit. So in a nutshell, the reason to know the chart patterns is to play the breakout and make some huge profits instead of doing scalping....
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