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 -

How to Take positions during GAP UP/DOWN days.

During the GAP UP/DOWN days do not be in a hurry to take your positions based on just the market perception. Wait for the EMAs to converge and take your positions based on the EMA Movement. For example today the market seems to be bullish. Remember yesterday those who have taken the short positions might be selling or waiting to sell their positions.

What if I am trading based on the Pivot, Support and Resistance levels?
Still it is better to wait. you can see in the below chart that the market crossed today's Resistance of 5720, but that is not enough because the EMAs have not comverged. So after crossing 5720 market still making lows. NIFTY will only bounce strongly after the EMA convergence...

Hi Raj Ji,

Thank God you posted something...Pls don't be silent so long...

Waiting for your improved / updated OTP system with NIFTY FUTURE consideration...:thumb:

otherwise I have to say...

इतना सन्नाटा क्यों हैं भाई.....

 

[letsgrownow]

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

How to Take positions during GAP UP/DOWN days.

During the GAP UP/DOWN days do not be in a hurry to take your positions based on just the market perception. Wait for the EMAs to converge and take your positions based on the EMA Movement. For example today the market seems to be bullish. Remember yesterday those who have taken the short positions might be selling or waiting to sell their positions.

What if I am trading based on the Pivot, Support and Resistance levels?
Still it is better to wait. you can see in the below chart that the market crossed today's Resistance of 5720, but that is not enough because the EMAs have not comverged. So after crossing 5720 market still making lows. NIFTY will only bounce strongly after the EMA convergence...

Raj ji,
You mean to stay We should not make Long possition in Gap Up situation unless and until Nifty Come to EMA-3, and/or EMA-13 and going up/away from there...Is that the meaning of Convergence ??? So now can we consider Long for Intraday ???

NIFTY has taken support at EMA 13 and going UP from that point...Can we Consider Long here ??? WHAT SHOULD BE SL IF POSITION TAKEN....DAY LOW ???

 

[nj_]

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

hai let grow now i'm nj from mumbai actully i'm new here in trading can u plz guide me out.......i need answer of some questions

 

[nj_]

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

hai letsgrownow r u there......?????

 

[letsgrownow]

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

hai letsgrownow r u there......?????

Hi NJ...,

You ask your queries here...But let me clarify, here RAJ (healthRaj is a masters of trades and system), he will surely clarify all your doubts...I will try to answer it if it is at my understanding level but don't worry somebody will from this forum will definitely solve your problem...And this I thing promise you on the behalf of RAJ...

 

[chinmay555]

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

Respected Sir / Madam

How to download below 2 links

My Advanced Trading Strategy and Excel Tool
Download the latest version 3.2, STOCK Screener 1.1 and SAINT's FLOW pdfs

Regards
Chinmay

 

[healthraj]

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

Raj ji,
You mean to stay We should not make Long possition in Gap Up situation unless and until Nifty Come to EMA-3, and/or EMA-13 and going up/away from there...Is that the meaning of Convergence ??? So now can we consider Long for Intraday ???

NIFTY has taken support at EMA 13 and going UP from that point...Can we Consider Long here ??? WHAT SHOULD BE SL IF POSITION TAKEN....DAY LOW ???

Yes you are right. To be on the safe side GO LONG above NF 5726 / NS 5698.

Stoploss is based on your risk management. NS 5683 should be the stoploss according to the FLOW chart...

 

[letsgrownow]

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

Yes you are right. To be on the safe side GO LONG above NF 5726 / NS 5698.

Stoploss is based on your risk management. NS 5683 should be the stoploss according to the FLOW chart...

Thanks Dear Raj Ji,

One more Doubt..

Please refer your OTP Excel Sheet.... RAJ OTP and MTP FOR NIFTY and BANKNIFTY Futures v2.0 BETA2

1. In the NIFTY-OTP sheet, we have got current (today's) data and in recommendation columns (BUY/SELL), it is showing BUY and Close Short, Buy above 5675..
HAVE YOU TAKEN LONG BASED ON SHEET SIGNAL ??? IF YES THEN @ WHAT PRICE ???

2. I HAVE TAKEN POSITION @ 9.30 as LONG @ 5689 (LONG)... Today's LOW is 5683.20...(Means till now SL is not HIT)....IS IT CORRECT ???

Please Help to understand your system...

 

[healthraj]

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

Thanks Dear Raj Ji,

One more Doubt..

Please refer your OTP Excel Sheet.... RAJ OTP and MTP FOR NIFTY and BANKNIFTY Futures v2.0 BETA2

1. In the NIFTY-OTP sheet, we have got current (today's) data and in recommendation columns (BUY/SELL), it is showing BUY and Close Short, Buy above 5675..
HAVE YOU TAKEN LONG BASED ON SHEET SIGNAL ??? IF YES THEN @ WHAT PRICE ???

2. I HAVE TAKEN POSITION @ 9.30 as LONG @ 5689 (LONG)... Today's LOW is 5683.20...(Means till now SL is not HIT)....IS IT CORRECT ???

Please Help to understand your system...

Close 50-75% of the positions and wait for the next EMA convergence.
I am not using OTP and so I cannot comment on that.

 

[letsgrownow]

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

Close 50-75% of the positions and wait for the next EMA convergence.
I am not using OTP and so I cannot comment on that.

Raj Ji,

As per our OTP Rules We will close today's Position @ 3.10 pm - 3.15 pm only...Now You are saying cover 50-75% of the positions ????

I am only Using OTP (Paper Trade, Not yet started actual Trading using OTP)...So It is now confusing for me to get the OTP strategy ????

Can we Cover 50-75% in OTP ??

:sos: