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

[boarders]

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

now it is short at 5243 s/l 5258 tgt 5217 tgt2 5197

and after 1 minute went flat again with above entry disappearing, so it is now whipsawing

 

[boarders]

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

now back to long mode with above posted levels for long

 

[aimer]

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

buy above 5248 s/l 5233 tgt1 5274 tgt2 5300

as the mkt came down the signal changed to FLAT...with no calls...the prevaling calls also became blank...but now as the mkt reversed a buy call is again seen in MTP with buy @ 5247, sl 5232. TGT1 5273, TGT2 5299...

Now in such case as the stops didn't trigger so we keep the signals given before or do we change the sl and tgt with the new ones???

 

[healthraj]

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

Hello Raj,
Some probs in excell...
the values changes now n then...in the morning the buy in OTP was abv 5221...@10AM it changed to 5224...now it is 5223...

Also the stop taken is 7 points...now suppose we enter the mkt @ 9:30 and the rate was 5238...so what should be our stop ...do we consider it 5238-7=5231 or 5221-7=5214...
plz advice

For OTP Take the values which appear in the morning and open the trade as as soon as you can...

For MTP, if the values and signals keep on changing then it is a signal that the market is either volatile or sideways. So close the positions and wait till a strong trend is in place... The tool only shows you what is happening in the market... There cannot be any magic call..

 

[boarders]

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

back to short mode again

 

[aimer]

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

For OTP Take the values which appear in the morning and open the trade as as soon as you can...

For MTP, if the values and signals keep on changing then it is a signal that the market is either volatile or sideways. So close the positions and wait till a strong trend is in place... The tool only shows you what is happening in the market... There cannot be any magic call..

One more thing Raj...
Suppose the OTP generate a buy call and we are in buy mode then our stops get taken out...and we can see that there is a sell blw 5167, so are we going to take the sell call today or only one call per day?

 

[healthraj]

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

One more imporatant thing for MTP trading, also look at the charts before taking any decision or trade... That is the reason why I built the chart functionality also in the tool... In the charts both for the NIFTY and BANKNIFTY I see SHORTs building up...

 

[aimer]

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

For OTP Take the values which appear in the morning and open the trade as as soon as you can...

For MTP, if the values and signals keep on changing then it is a signal that the market is either volatile or sideways. So close the positions and wait till a strong trend is in place... The tool only shows you what is happening in the market... There cannot be any magic call..

what abt the stops for OTP...we should consider it with the open price minus 7, where ever and at which ever rate we enter...am I right???

 

[aimer]

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

One more imporatant thing for MTP trading, also look at the charts before taking any decision or trade... That is the reason why I built the chart functionality also in the tool... In the charts both for the NIFTY and BANKNIFTY I see SHORTs building up...

Charts not working in 2.0 beta2...

 

[healthraj]

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

One more thing Raj...
Suppose the OTP generate a buy call and we are in buy mode then our stops get taken out...and we can see that there is a sell blw 5167, so are we going to take the sell call today or only one call per day?

From OTP perspective there should be only one Call. Otherwise it beats the strategy and purpose of OTP.

Anyways if you want to trade more then you should be following MPT and not OTP.

So first of all decide whether you are a OTP trader or a MTP trader... Do not mix both and try to take the best of both... It would not work...