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

[sholay]

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

1) Why 5150 is referred? Tool showing 5144. Is it rounding off?
RAJ > Yes Rounded for keeping the explanation simple

2) Can we trade similarly in futures range 5176-5232?
RAJ > Yes Ofcourse at the end of the day you have to trade only in Futures

3) What is the relevance to SGX Nifty here?
RAJ > Sholay, Hope you must be relatively new to market... Anyways SGX NIFTY stands for Singapore NIFTY. Our NIFTY index is also listed in the Singapore Index. In the morning you will get an idea on how our market will open by looking at the SGX NIFTY index because SGX opens before India... I prefer moneycontrol.com to see the SGX NIFTY values

Thanks Raj
Yes I am quite new to markets especially TA.

Few more
1) If nifty opens between 5150 to 5200 no trade right?
2) If opens above 5200 buy right?
3) If opens below 5150 sell right?
4) What if opens between 5150-5200 and goes above 5200?
5) What if opens between 5150-5200 and goes below 5150?
6) What are stop loss and target for buy and sell?

Please explain
Thanks again Raj

 

[healthraj]

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

I am assuming all your questions are for OTP.

1) If nifty opens between 5150 to 5200 no trade right?
RAJ > Yes
2) If opens above 5200 buy right?
RAJ > Yes
3) If opens below 5150 sell right?
RAJ > Yes
4) What if opens between 5150-5200 and goes above 5200?
RAJ > Then it becomes a MTP. Can't tell now. Flow with the market and follow MTP trading
5) What if opens between 5150-5200 and goes below 5150?
RAJ > Then it becomes a MTP. Can't tell now. Flow with the market and follow MTP trading
6) What are stop loss and target for buy and sell?
RAJ > For OTP it would be 7 points.

 

[sidraichand]

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

Raj,

So I downloaded the excel sheet. Looks awesome to me.

My questions( I am a novice trader), Please answer my few queries:

1. Will the sheet be updated automatically?? Or still need to update the OHLC data?
2. Wht is OTP and MTP??
3. For intra-day if I want to take position, will the sheet get updated duirng trading hours??
4. How do I trade or use this excel for intraday trading??


thanks for the sheet and answering above queries in advance.

Sid

 

[healthraj]

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

My questions( I am a novice trader), Please answer my few queries:

1. Will the sheet be updated automatically?? Or still need to update the OHLC data?
RAJ > Yes if you are trading daily and using the tool daily the OHLC will be updated automatically.
2. Wht is OTP and MTP??
RAJ > OTP - One Trade Per-day for those who do not have much time to trade. So put the trade in the morning as per the OTP signal and levels. Put a stoploss order immediately. Close the trade around 3:15 pm if the stoploss is not triggered...

MTP - Many Trades Per-day. Typical Intraday Trading

3. For intra-day if I want to take position, will the sheet get updated duirng trading hours??
RAJ > Yes, if you are planning to trade the whole day follow MTP signals and calls.

4. How do I trade or use this excel for intraday trading??
RAJ > Hope the top three answers this question.

 

[sholay]

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

6) What are stop loss and target for buy and sell?
RAJ > For OTP it would be 7 points.

Indeed my questions are for OTP. I am also busy with my office work and can
see the prices rarely.

Is 7 for both stop loss and target?

 

[aimer]

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

Hello healthraj,
Thanks a ton for the latest version V1.3...
Have some doubts with the use of Excell...

Q1.Considering the last row of Excell, Row no. 648 dated 27th July,what values are to be put in OHLC columns?
Is it of 27th OHLC that has to be filled EOD and the values that we obtained in longs and shorts will be for 28th....or do we fill 26th values?

Q2. If we are doing with 27th July EOD data then it is for 28th july, right!...and the values that we get are as follows...

Overall Signal is stay Short.
sell below 5144...sell open price is 5124 and the sell profit is -7...now since the values are for 28th and we are still to trade the day then how come the sell loss is shown as -7...also its showing sell open price as 5124 which is showing 27th sell open price...can not corelate how 28th values would be seen on 27th...


Q3. If suppose the market opens beyond our entry price in that case what would be our entry point?

Q4. These points are excluding brokerage? then if we count brokerage in our profits gets drastically reduced as the number of trades is more off equal to 20-22 and the points obtained in January 2012 is 107, so removing the brokerage(18x4=72); here I have taken 18 trades in Jan2012 and Rs4 per lot as brokerage...which reduces our net point as mere 35 for the whole month!!!

Totaly confused or may be I am missing something...
Awating for ur reply...
Thanks...

 

[aimer]

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

Indeed my questions are for OTP. I am also busy with my office work and can
see the prices rarely.

Is 7 for both stop loss and target?

7 is the stoploss and target is the price that u will see when u will close ur trade at 3:15...obviously if the trade survives

 

[Ajit57]

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

Tx Raj for everything.

I have noticed that even if you are using Excel 2007, the V1.3 of Excel 2003 is giving no errors and is running smoothly. So I would suggest that Downloading Excel 2003 version is a good choice. (I tried both, but 2007 version is giving lots of errors) ...

So all in all, a great effort by you Raj ...

and a big THANK YOU. :thumb:


Ajit

 

[reachjj]

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

Raj,

As per my understanding of this thread, we go long or short at the opening price based on the values in the excel sheet....

So for Monday if nifty opens below 5144, we would go short with 7 points as stop loss and if it opens above 5200, we go long again with 7 points as stop loss.... correct me if I am wrong....

Thanks,

 

[hirapanna]

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

Raj,

As per my understanding of this thread, we go long or short at the opening price based on the values in the excel sheet....

So for Monday if nifty opens below 5144, we would go short with 7 points as stop loss and if it opens above 5200, we go long again with 7 points as stop loss.... correct me if I am wrong....

Thanks,

Why Reachjj, Jaytraders
stocks/levels not working??