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

[letsgrownow]

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

Raj Ji,
I am giving Today's NIFTY - RANKO Chart for verification..Kindly check its correctness ...
Am I getting it right ??

I am mentioning my paper trade below.....Please guide me and correct me to understand the Ranko Chart and Trading based on it...

Kindly see Dark Yellow Numbered Circle....

Circle 1. This is our Pivot High, above this ONLY we will BUY....Is it Right ??

Circle 2. This is our Pivot LOW , Below that ONLY we will SELL....Is it Right ??

Circle S1. We have sold NIFTY here @ 5713 for target of 12 points....RIGHT ???

Now From 5711 Market has went to 5721...??? So shall I continue with my short which has created at 5713 for profit of 12 points....What should be SL for this SHORT (5713) ???

I have considered SL as 5731 ... IS IT RIGHT ???

Considering SL as 5731...I have continued my short ..

Circle CS1. Here I covered my Short as Target of 12 point is reached... IS IT OK ??

Circle 4. Our New PIVOT Low is now 5696..We will take Short position below this ONLY...IS IT OK ??

Here I am confused about PIVOT HIGH..??? What will be Pivot High Value at Circle 4 ???? I mean when we can go long (above which vale of Pivot High ??) ???

Circle S2. Here @below 5696, we have taken Short again..for 12 point profit.. IS IT RIGHT ??

Here I have considered SL as 5721....IS IT RIGHT ??? (Please clarify SL rule , I am sure I have not understood properly )

Circle CS2. Here we will cover our short at 5684 (as 12 point profit is achieved )..

Pls ignore Circle 5.

Circle 6. This is our New PIVOT LOW @ 5682...IS IT RIGHT ??

Circle 7. This is a break up of Congestion ....So will go Long @ 5692...for Profit of 12 points....So @ 5704 we will cover our Long and Exit....

So can we calculate our Profit as 12+12+12 = 36 *50 = 1800 (per lot) ???

ALSO PLS CHECK THE LINES WHICH I HAVE DRAW ON CHART FOR CONGESTION AND TRAINGLE....(BROWN COLOR and YELLOW COLOR LINES..)


Please verify this and guide ..

Thanks

 

[Relish]

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

29-Oct-12 NIFTY 5min Chart Breakout strategy result
..
Please note that since we are using 5min timeframe we wait for at least 4 pivot points to take our positions. Two pivot points to draw the Resistance (BUY) line and two pivot points to draw the Support (SELL) line. In the 5 minute chart... Do not be in a hurry to take positions using a single pivot.

Awesome :clapping: every day I visit this thread and found new thinking with good explanation. It's helping like me beginner. God Bless RAJ :clap:

 

[healthraj]

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

Raj Ji,
I am giving Today's NIFTY - RANKO Chart for verification..Kindly check its correctness ...
Am I getting it right ??

I am mentioning my paper trade below.....Please guide me and correct me to understand the Ranko Chart and Trading based on it...

Kindly see Dark Yellow Numbered Circle....

Circle 1. This is our Pivot High, above this ONLY we will BUY....Is it Right ??

Circle 2. This is our Pivot LOW , Below that ONLY we will SELL....Is it Right ??

Circle S1. We have sold NIFTY here @ 5713 for target of 12 points....RIGHT ???

Now From 5711 Market has went to 5721...??? So shall I continue with my short which has created at 5713 for profit of 12 points....What should be SL for this SHORT (5713) ???

I have considered SL as 5731 ... IS IT RIGHT ???

Considering SL as 5731...I have continued my short ..

Circle CS1. Here I covered my Short as Target of 12 point is reached... IS IT OK ??

Circle 4. Our New PIVOT Low is now 5696..We will take Short position below this ONLY...IS IT OK ??

Here I am confused about PIVOT HIGH..??? What will be Pivot High Value at Circle 4 ???? I mean when we can go long (above which vale of Pivot High ??) ???

Circle S2. Here @below 5696, we have taken Short again..for 12 point profit.. IS IT RIGHT ??

Here I have considered SL as 5721....IS IT RIGHT ??? (Please clarify SL rule , I am sure I have not understood properly )

Circle CS2. Here we will cover our short at 5684 (as 12 point profit is achieved )..

Pls ignore Circle 5.

Circle 6. This is our New PIVOT LOW @ 5682...IS IT RIGHT ??

Circle 7. This is a break up of Congestion ....So will go Long @ 5692...for Profit of 12 points....So @ 5704 we will cover our Long and Exit....

So can we calculate our Profit as 12+12+12 = 36 *50 = 1800 (per lot) ???

ALSO PLS CHECK THE LINES WHICH I HAVE DRAW ON CHART FOR CONGESTION AND TRAINGLE....(BROWN COLOR and YELLOW COLOR LINES..)


Please verify this and guide ..

Thanks

Your overall approach seems to be fine. But the first thing you have to use the SPOT Rates... In your chart I can see that you are using Extrapolated Futures Rates using the Premium. So switch to the SPOT Rates. See my other post. Plus if you want to follow the 5min breakout strategy, you need congestion. So change your EMA from 7 to 3.5. These settings are only for the above strategy.

The strategy is only for beginners who wants to make a quick money. As a beginner sometimes I feel that they don't have the patience or confidence to wait for more than 10 or 20 minutes. So with this strategy they will be able to see some quick profits of 10 points in NIFTY and 20 points in Bank NIFTY. So naturally this strategy is not for the people who wants to catch BIG Fish

 

[kapilpatil]

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

Hi Raj,

I am getting a bit different renko chart even after changing ema to 3.5 and setting chart price at spot, it does not match with your chart. It shows renko block size 4.72 points and yours ... it is 4.71 points.

 

[prabhsingh]

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

Raj,

Which version is being used for generating above Renko charts?

 

[healthraj]

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

Hi Raj,

I am getting a bit different renko chart even after changing ema to 3.5 and setting chart price at spot, it does not match with your chart. It shows renko block size 4.72 points and yours ... it is 4.71 points.

Raj,

Which version is being used for generating above Renko charts?

I am using the version 3.2, which all of you have.

 

[sivgates]

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

Raj,

What happened to mine chart not updating properly?

Need solution

Sivgates

 

[healthraj]

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

Raj,

What happened to mine chart not updating properly?

Need solution

Sivgates

Hi,

It should work properly with Excel 2007 SP2, provided you have done the settings for the macros and Data as in the "Readme" sheet. If you are using it from office, please make sure your internet connection is proper.

 

[Option.Trader]

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

29-Oct-12 NIFTY 5min Chart Breakout strategy result

Timeframe : 5 minute
EMA : 3.5
NIFTY Rates : SPOT

5698 - The first pivot high for today
5676 - The first pivot low for today.

So positions will be only above 5698 or below 5676. We will wait for congestion to be formed

1 - First position after the breakout of the flag near 5687 for 10 points profit @ 5677 - Made low of 5674

Further positions above 5692 or below 5674. We will wait for congestion to be formed

2 - Triangle breakout at 5680 for 10 points profit at 5670 - Made low of 5660

Further positions above 5680 or below 5660. We will wait for congestion to be formed

3 - Triangle breakout at 5666 for 10 points profit at 5656 - Made low of 5653

Further positions above 5666 or below 5653. We will wait for congestion to be formed

4 - Short below 5653 for 10 points profit at 5643 - Made low of 5647 only - So closing the positions at cost

Further positions above 5653 or below 5647. We will wait for congestion to be formed

5 - Triangle breakout above 5653 - 10 points profit at 5663 - Made high of 5669

Total profits - 40 points without commission and brokerage.

Have you seen the corresponding Futures rates for the levels mentioned. Are the points in correspondence with the spot levels mentioned?
The premium rates may not correspond directly with Spot...you may have bought at a time of high premium and sold at a time of low premium, in effect neutralizing the points
Not sure of why the renko i have should show so different values though.. need to have some way of it saying the data is stale by comparing with spot levels

 

[healthraj]

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

Have you seen the corresponding Futures rates for the levels mentioned. Are the points in correspondence with the spot levels mentioned?
The premium rates may not correspond directly with Spot...you may have bought at a time of high premium and sold at a time of low premium, in effect neutralizing the points
Not sure of why the renko i have should show so different values though.. need to have some way of it saying the data is stale by comparing with spot levels

You have to understand how this tool is written for you to understand the Charts... The Charts data is got from Google Finance. Google Finance provides ONLY SPOT Data. So to display the charts in Futures we use the premium at the given time. So the charts will more or less correct during the market hours. Since the Premium keeps changing at any given point in time, The charts using "Chart Prices : Futures (Extrapolation using Premium)" also changes depending on the premium. If you use the Option, "Chart Prices : SPOT" your chart is not going to change whenever you see the chart.... Actually the problem is that we don't have 5min Futures Data. I am only trying to simulate the Futures data using Extrapolation using the Futures Premium.

To get the chart that I have posted you have to switch to "SPOT rates" (See the picture below)
Plus also change the EMA in the sheet "STOCKFLOW" in cell X2 to 3.5 (The default value is 7) - Changing to lower value to induce more congestion....