1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

hii raj sir
there is something problem 1.15 pm i got buy signal 806,5 on ril and tgt-1 was 810.30 moved nice toward tgt 1 but immediately fall after reaching 810 and next 5 min ended with 804.5

In 5 minutes anything can happen. Are you doing paper trading or Real trading? If you are doing real trading then you would anyway know the price fluctuation using the tool given by the broker. I use NSE NOW.

So use the MTP Tool for take
- New positions
- Add more positions
- Analyse the Pivots using RENKO charts

BUT NOT for Tracking your open positions. To Track your open positions you need real time data like the one provide by your Broker

 

[muinali]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

thanx , i trade real trading using own method in amibroker but i was trying to get your way of excel sheet ,its working nicely some signal i hav seen ,

 

[muinali]

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....

you have given fantastic tool to them, let them to play with ,let them to learn ,those who are delevering disappointing statement let him to go , those are expecting you here to make their account ended with profit ,let them to search for tips advisory ,Any tools ,system and method helps those who take their own descision if every things are expecting from system or tools then there is no place for human brain

 

[Option.Trader]

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...

Raj

Another idea is to draw the 5min EMA and 10min EMA... this would help in going with the trade confirmation.
Rules
5min crosses 10 min above buy coming in... vice versa... I know this is a lagging indicator, but could use as additional filter

 

[muinali]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

So use the MTP Tool for take
- New positions
- Add more positions
- Analyse the Pivots using RENKO charts

sir i am quite comfortable in scalping i use basic trend flow explained by saint sir but "add more" never do , entry and exit is based on cci ,pivot bkot ,orb
posting my trades in saints forum in thread-beginning of a "looser"

 

[dineshN]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Last two days, tried NR7 recommendations! All the trades were superb but my own analysis put down the show.

* Yesterday Shorted Grasim @ 3475 and covered @ 3469. Stock did not give much gains yesterday but if I had remained in the position, today it corrected nicely 3425!!!!!
*Yesterday went long in PantaloonR @ 194.5, stock closed at the same level and today exited @ 196. Stock went on to make 198!!!!
*Today shorted BHEL @ 245:- booked loss @ 245.5, I thought market is reversing, went long in the stock and I am now in soup, stock ended below 242!!!!

If anybody had taken Hindalco NR7 short today, would have made decent gains.

One observation stocks BHEL and HIDALCO both were NR7 days on last two days. Is it possible?

I am going stick to NR7 recommendations (with rating above 8) for some time now. Good one!!

 

[bulltrader]

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...

excellent' thank you

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

hii raj sir
there is something problem 1.15 pm i got buy signal 806,5 on ril and tgt-1 was 810.30 moved nice toward tgt 1 but immediately fall after reaching 810 and next 5 min ended with 804.5

Please look at the 10 min RENKO chart for Reliance.

You are right RELIANCE generated a LONG Signal because it was going from LOW of 802 and made a HIGH of 810 and dropped suddenly to 804.

For Some reason, I NEVER trade RELIANCE. The main is that reason RELIANCE is a heavyweight and is traded mostly on insider speculation and news. I mean it is neither a Fundamental NOR a technical stock.

 

[muinali]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Please look at the 10 min RENKO chart for Reliance.

You are right RELIANCE generated a LONG Signal because it was going from LOW of 802 and made a HIGH of 810 and dropped suddenly to 804.

For Some reason, I NEVER trade RELIANCE. The main is that reason RELIANCE is a heavyweight and is traded mostly on insider speculation and news. I mean it is neither a Fundamental NOR a technical stock.

sir ,thanx to response fast ,agree with you regarding ril i also rarely trade i was just watching at that time only ril was generated buy signal , if this kind of signal (i say complex pull back) generated very difficult to handle properly........................ ,nice to see trend flow can also draft in excel sheet wow fractal or pivot i seen in chart but in excel sheet exiting to me........see ya soon gn

 

[sushilgirdher]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Dear Raj....Thans for your replies....Today i was reading old messages in this thread...and then i come to know the meaning of OTP and MTP...then i come to know that OTP is best for me ....so i downloaded the RAJ OTP and MTP FOR NIFTY and BANKNIFTY Futures v2.0 BETA...it is not getting refreshed today saying that it is saturday...so i will update it on monday and see the results..by the way pls suggest me should i use this tool if i want to do one trade daily....only 20 points in nifty is my need....If OTP is suitable for me then Pls telll which is latest version?
Also pls give readme file for this OTP file