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 -
Finally closed with 100 points in BANKNIFTY and 20 points in NIFTY. Good day at the end of the day inpite of being a FLAG Day...
In spite of a BIG FLAG BANKNIFTY is marching towards Target 2. I thinkit might be the Indepdenance day Flag and march 
...
BANK NIFTY made 90 points 95 points from sell level of 10580. If somebody had sold higher then they would have made 100 points...
... BANK NIFTY made 90 points 95 points from sell level of 10580. If somebody had sold higher then they would have made 100 points...
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Raj, can we get the date in the Renko chart, coz its not time dependent and its difficult to know which is the start of the day...
Hope u got what my prob is
In spite of a BIG FLAG BANKNIFTY is marching towards Target 2. I thinkit might be the Indepdenance day Flag and march ...
BANK NIFTY made 90 points 95 points from sell level of 10580. If somebody had sold higher then they would have made 100 points...
... BANK NIFTY made 90 points 95 points from sell level of 10580. If somebody had sold higher then they would have made 100 points...
Hope u got what my prob is
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Aimer,
If you see any Renko Implementation they you won't see the time... I don't know first of all whether it is possible to implement. If you want to see the timeline you can see the "FLOW Chart" because the pivots got from the "FLOW" chart is only used to plot the "RENKO" chart. In the "FLOW" chart you can see one day Pivots only... In the "RENKO" charts you can see Pivots from the last 4 days.
Having said the Above.... Nothing is impossible. So I will try and incorporate the DATE into RENKO Charts. We can even break the standard way of Representing RENKO charts
Raj, can we get the date in the Renko chart, coz its not time dependent and its difficult to know which is the start of the day...
Hope u got what my prob is
Hope u got what my prob is
If you see any Renko Implementation they you won't see the time... I don't know first of all whether it is possible to implement. If you want to see the timeline you can see the "FLOW Chart" because the pivots got from the "FLOW" chart is only used to plot the "RENKO" chart. In the "FLOW" chart you can see one day Pivots only... In the "RENKO" charts you can see Pivots from the last 4 days.
Having said the Above.... Nothing is impossible. So I will try and incorporate the DATE into RENKO Charts. We can even break the standard way of Representing RENKO charts
Last edited:
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
16-AUG 2012 END OF DAY UPDATE
This morning we started with a Pivot and the market was trading with a FLAG...
NIFTY: Started the day with a PIVOT HIGH of 5387 and the BUY LEVEL has come from 5387 to 5382... The PIVOT LOW was 5374 which has come down to 5362... 20 points profit
BANK NIFTY: Started the Day with PIVOT HIGH of 10530 and closed with Minor PIVOT HIGH of 10488. The Pivot LOW has come down from 10514 to 10456. 100 points Profit
NOW that you folks learnt the basic method of PIVOT trading. Hope it is easy to trade with PIVOTS using RENKO charts and moreover technically today it was good day to learn because of the FLAG formation....
ONE IMPORTANT RULE 1 of EXCEPTION TO TRADE WITH PIVOTS:
If on a Particular day the market closed with MAJOR PIVOT HIGH, and on the next day until the PIVOT HIGH IS BROKEN STAY SHORT. DO THE REVESE for SHORT POSTIONS. If on the next day there is a GAP DOWN then blindlt GO SHORT. NO Need to look for Pivots.
YOU CAN REMEMBER THE ABOVE RULE SO THAT YOU CAN ACTUALLY TAKE A SHORT POSITION NEAR THE PIVOT HIGH INSTEAD OF the MINOT PIVOT LOW... if in Today's CASE IN THE MORNING, YOU COULD HAVE SHORT AT 5386 itself instead of 5374...
For Example, On Tuesday the market closed near PIVOTHIGH of 5387. Today market opened at 5386 and if we consider a filter of 5 points the PIVOT HIGH is 5391 and market did not cross 5391. So it was better to STAY SHORT....
16-AUG 2012 END OF DAY UPDATE
This morning we started with a Pivot and the market was trading with a FLAG...
NIFTY: Started the day with a PIVOT HIGH of 5387 and the BUY LEVEL has come from 5387 to 5382... The PIVOT LOW was 5374 which has come down to 5362... 20 points profit
BANK NIFTY: Started the Day with PIVOT HIGH of 10530 and closed with Minor PIVOT HIGH of 10488. The Pivot LOW has come down from 10514 to 10456. 100 points Profit
NOW that you folks learnt the basic method of PIVOT trading. Hope it is easy to trade with PIVOTS using RENKO charts and moreover technically today it was good day to learn because of the FLAG formation....
ONE IMPORTANT RULE 1 of EXCEPTION TO TRADE WITH PIVOTS:
If on a Particular day the market closed with MAJOR PIVOT HIGH, and on the next day until the PIVOT HIGH IS BROKEN STAY SHORT. DO THE REVESE for SHORT POSTIONS. If on the next day there is a GAP DOWN then blindlt GO SHORT. NO Need to look for Pivots.
YOU CAN REMEMBER THE ABOVE RULE SO THAT YOU CAN ACTUALLY TAKE A SHORT POSITION NEAR THE PIVOT HIGH INSTEAD OF the MINOT PIVOT LOW... if in Today's CASE IN THE MORNING, YOU COULD HAVE SHORT AT 5386 itself instead of 5374...
For Example, On Tuesday the market closed near PIVOTHIGH of 5387. Today market opened at 5386 and if we consider a filter of 5 points the PIVOT HIGH is 5391 and market did not cross 5391. So it was better to STAY SHORT....
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Hello Raj,
Can you please upload the backtesting results for nifty and bank nifty that you had posted in your first post. I am not able to access those links.
You have done a tremendous job, hats off to you.
Regards,
ptk
Hello Raj,
Can you please upload the backtesting results for nifty and bank nifty that you had posted in your first post. I am not able to access those links.
You have done a tremendous job, hats off to you.
Regards,
ptk
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