1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac
- Thread starter healthraj
- Start date
- Tags many trades per-day(mtp) one trade per-day (otp) raj trading system trade with renko chart trade with saint flow
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
First of all it would not be easy for me to explain the trading all the aspects of the trading and the signals... I think you need to invest some time for that...
For the indicators like ADX, CCI I think you can google and find out how to use those signals...
In Brief ADX = Trending Indicator, Indicates whether the market is Trending or Rangebound/Flat. Normally ADX > 25 indicates a mild Trend and values above 35 or 40 indicates a Strong Trend... Different people Trade differently some people use the ADX weakness to take positions and close the positions when the ADX is at the peak. It is desirable to trade when ADX > 25
CCI - is like the RSI Indicator... It is not a lagging indicator like EMA or SMA because it is not calculated based on the Closing price. In the tool I have used < 0 to generate Sell signal and > 0 to generate Buy signal... If you are Trend trader wait for CCI > 100 to take long positions and wait for CCI < -100 to take short positions...
Coming Moving Average Angle - I have basically used this to deduct the early reversals... because ADX does not tell you the direction or reversal... So based on the direction of Moving average, it can generate a warning for reversal.
Flow - This is my humble implementation of the SAINT's Flow method... Please go through the "SAINT's 30 minute flow" method to understand more... This is also for Trend trading
Renko - This is WYSIWYG- "What You See Is What You Get" trading... If you see a Red block then Sell. If you see Green Brick then Buy... But Breakdown or Wide range bars can hurt here ... I will explain Trend trading using the Renko charts...
The above chart is Renko image of the last two days of NIFTY.
1) Friday 10-Aug, Market recovered from Low of 5295. So for our discussion 5295 will act as the "MAJOR PIVOT LOW" or the Major SUPPORT.
2) Friday 10-Aug made a minor Pivot high and Closed around - 5330
3 to 9 - On Monday 13-Aug market was making Highs and lows between 5310 and 5330... So if somebody wants to Go Short should go below 5310 and Go Long above 5330....
For Short below 5310, 5330 would act as the Stop loss
For Long above 5330, 5310 would act as the Stop loss
10 - On Monday 13-Aug, 5330 Resistance was broken and 5352 HIGH was made... So if somebody had traded above 5330 would have got 20 points on Monday...
11. Tuesday 14-Aug, Market opened around 5340... made low of 5330... But did not really break our support of 5330 (Once a Resistance is broken it acts as the support).... Neverthless... a new Pivot high of 5356 was made on Monday....
So the trading support for Tuesday should be something like
Long above 5356 with Stoploss 5330
Short below 5330 with stoploss 5356
Today 5356 was broken and market made a high of 5386... 30 points Gain...
So the flow will go on and on...
For you to understand this Flow funda, Please go through the "SAINT 30 minute Flow" method --- Google will give you the links...
So what do we do on Wednesday....
As of today MAJOR PIVOT HIGH = 5387
The minor Pivot Low is at 5374.
So on Thursday...
You can go short below 5374 with stoploss 5387
GO LONG above 5387 with Stoploss 5374...
Of course use some filters if the Stoploss limit is very small...
First of all it would not be easy for me to explain the trading all the aspects of the trading and the signals... I think you need to invest some time for that...
For the indicators like ADX, CCI I think you can google and find out how to use those signals...
In Brief ADX = Trending Indicator, Indicates whether the market is Trending or Rangebound/Flat. Normally ADX > 25 indicates a mild Trend and values above 35 or 40 indicates a Strong Trend... Different people Trade differently some people use the ADX weakness to take positions and close the positions when the ADX is at the peak. It is desirable to trade when ADX > 25
CCI - is like the RSI Indicator... It is not a lagging indicator like EMA or SMA because it is not calculated based on the Closing price. In the tool I have used < 0 to generate Sell signal and > 0 to generate Buy signal... If you are Trend trader wait for CCI > 100 to take long positions and wait for CCI < -100 to take short positions...
Coming Moving Average Angle - I have basically used this to deduct the early reversals... because ADX does not tell you the direction or reversal... So based on the direction of Moving average, it can generate a warning for reversal.
Flow - This is my humble implementation of the SAINT's Flow method... Please go through the "SAINT's 30 minute flow" method to understand more... This is also for Trend trading
Renko - This is WYSIWYG- "What You See Is What You Get" trading... If you see a Red block then Sell. If you see Green Brick then Buy... But Breakdown or Wide range bars can hurt here ... I will explain Trend trading using the Renko charts...
The above chart is Renko image of the last two days of NIFTY.
1) Friday 10-Aug, Market recovered from Low of 5295. So for our discussion 5295 will act as the "MAJOR PIVOT LOW" or the Major SUPPORT.
2) Friday 10-Aug made a minor Pivot high and Closed around - 5330
3 to 9 - On Monday 13-Aug market was making Highs and lows between 5310 and 5330... So if somebody wants to Go Short should go below 5310 and Go Long above 5330....
For Short below 5310, 5330 would act as the Stop loss
For Long above 5330, 5310 would act as the Stop loss
10 - On Monday 13-Aug, 5330 Resistance was broken and 5352 HIGH was made... So if somebody had traded above 5330 would have got 20 points on Monday...
11. Tuesday 14-Aug, Market opened around 5340... made low of 5330... But did not really break our support of 5330 (Once a Resistance is broken it acts as the support).... Neverthless... a new Pivot high of 5356 was made on Monday....
So the trading support for Tuesday should be something like
Long above 5356 with Stoploss 5330
Short below 5330 with stoploss 5356
Today 5356 was broken and market made a high of 5386... 30 points Gain...
So the flow will go on and on...
For you to understand this Flow funda, Please go through the "SAINT 30 minute Flow" method --- Google will give you the links...
So what do we do on Wednesday....
As of today MAJOR PIVOT HIGH = 5387
The minor Pivot Low is at 5374.
So on Thursday...
You can go short below 5374 with stoploss 5387
GO LONG above 5387 with Stoploss 5374...
Of course use some filters if the Stoploss limit is very small...
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Not able to PM u.. some strange error which eventually repairs itself
View attachment 18150
Could you PM me the password so that i can take a look? my email is display name @rediffmail.com
Not able to PM u.. some strange error which eventually repairs itself
View attachment 18150
Could you PM me the password so that i can take a look? my email is display name @rediffmail.com
Last edited:
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
In my settings "Receive Private Messages only from Contacts and Moderators" option was checked and so some of you were not able to Send me private messages. Now I have removed that and now you should be able to send a PM. I will reply to your PM and send the password if you require
In my settings "Receive Private Messages only from Contacts and Moderators" option was checked and so some of you were not able to Send me private messages. Now I have removed that and now you should be able to send a PM. I will reply to your PM and send the password if you require
Last edited:
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Removed the time check code. But Please make sure that you don't use this before 9:20 AM IST, because the Futures data is getting emptied and refreshed by NSE between 9 AM and 9:20 AM
http://www.4shared.com/zip/Ft8jBKNT/2007-RAJ_MTP_FOR_NIFTY_and_BAN.html
Removed the time check code. But Please make sure that you don't use this before 9:20 AM IST, because the Futures data is getting emptied and refreshed by NSE between 9 AM and 9:20 AM
http://www.4shared.com/zip/Ft8jBKNT/2007-RAJ_MTP_FOR_NIFTY_and_BAN.html
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Trade for a combination of signals... Observe the market and the change of signal. You will understand the tool and you will know when to take positions... Better to take some theory on ADX and CCI from the internet
Trade for a combination of signals... Observe the market and the change of signal. You will understand the tool and you will know when to take positions... Better to take some theory on ADX and CCI from the internet
Similar threads
-
-
Journey of an Intraday NIFTY Trader with 5 Lakh Initial Capital - REAL TRADES
- Started by milkyblack
- Replies: 186
-
-
-
Trading Challenge : My journey from 1.5Lakh to 6Lakh in 5months
- Started by SwagatN
- Replies: 249