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

[healthraj]

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

Raj,

In order to calculate Hourly EMA,how many hours of data needs to be taken into consideration?

Prabhsingh,

Your question is not very clear... As I said earlier when coming to the FLOW method I use EMA just to remove the noise and not to find the Trend because the Trend is anyway in the FLOW... So if you take a typical day, I have not seen the whole day volatile.... So considering the above assumption, i would go for a max of 6-7 period, which will give the daily average or you can for 3-4 which will give you half-day average...

Hope i have answered your question.

 

[prabhsingh]

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

Prabhsingh,

Your question is not very clear... As I said earlier when coming to the FLOW method I use EMA just to remove the noise and not to find the Trend because the Trend is anyway in the FLOW... So if you take a typical day, I have not seen the whole day volatile.... So considering the above assumption, i would go for a max of 6-7 period, which will give the daily average or you can for 3-4 which will give you half-day average...

Hope i have answered your question.

Raj,

My question was more related towards finding out PIVOTS which are again dependent on EMA .As you stated earlier that in order to confirm the Trend and FLOW we can go with hourly PIVOTS as well hence i thought to find out Hourly PIVOTS as well.6-7 period answers my question.Thanks.

 

[healthraj]

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

Raj,

My question was more related towards finding out PIVOTS which are again dependent on EMA .As you stated earlier that in order to confirm the Trend and FLOW we can go with hourly PIVOTS as well hence i thought to find out Hourly PIVOTS as well.6-7 period answers my question.Thanks.

Prabhsingh,

PIVOTS are not dependent on EMA. PIVOTS are dependent on Lows and Highs. In the tool i used to EMA just to find out the direction as UP or DOWN.. Then I would basically use the EMA Period and take the HIGH/LOW of that period depending on the direction that time as UP or DOWN. I mean I don't take the closing price to find the Pivot. The pivots are based on Highs and Lows...

For Intraday, my suggestion would be to take the Buy/Sell Pivots (Levels) from 10 minute charts and to confirm with the 30minute charts. Hourly and daily charts are used mostly for positional trading or to find the overall trend of the market. Do not use hourly charts to ENTER positions in Intraday. You can use it may be to EXIT positions.

 

[manu_nbd]

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

Dear Raj,

Thanks once again for this very useful tool, I wanted to make a request to you, that is, for NF and BNF the rounded values given in buy sell are o.k. but in stocks where values are less like sub hundred, decimal values become important for example .45 or .55 will be like more than a percent for stocks which are valued at less than Rs.50. so please if possible please add decimal values in at least stocks section.

thanks and regards

 

[healthraj]

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

What do we mean by taking confirmation from the higher timeframe?


For those of you who do not understand what it is let me take the BANKNIFTY as an example. Today EOD,

BANKNIFTY 10 minute RENKO Chart says, STAY SHORT and the levels are
BUY ABOVE : 9947 SELL BELOW : 9878

If you look at the 30 minute charts, the current recommendation is to STAY LONG and the levels are same.

Since the Recommendation is 30 min chart LONG and 10 min it is SHORT, do not trade yet... In simple terms you will only trade in the direction of 30 min chart...

 

[healthraj]

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

Dear Raj,

Thanks once again for this very useful tool, I wanted to make a request to you, that is, for NF and BNF the rounded values given in buy sell are o.k. but in stocks where values are less like sub hundred, decimal values become important for example .45 or .55 will be like more than a percent for stocks which are valued at less than Rs.50. so please if possible please add decimal values in at least stocks section.

thanks and regards

Manu,

You can do that yourself if you know little bit of excel.

I will give you the steps...

1. Unhide and goto the sheet "STOCKRENKO".
2. The buy above and Sell below values are in cells T2 and T3.
3. Right click and choose "Format cells..."
4. The decimal would be mentioned as zero. Change it to 1 or 2 based on your requirement.

 

[psych trader]

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

Hello Raj sir,,in v2.3 the buy nd sell wil b changing wen ever i refresh ...
nd also i hve downloaded v.2 which is easy for me to trade using mtp ..but it wil also b chaning from buy to sell nd sum times flat den again signal change??wil v plz tel me which i hve to use for nifty 10/15 points only in daytrading ...

 

[healthraj]

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

Hello Raj sir,,in v2.3 the buy nd sell wil b changing wen ever i refresh ...
nd also i hve downloaded v.2 which is easy for me to trade using mtp ..but it wil also b chaning from buy to sell nd sum times flat den again signal change??wil v plz tel me which i hve to use for nifty 10/15 points only in daytrading ...

Use the latest which is 2.3

 

[psych trader]

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

Use the latest which is 2.3

sir tnks for replay ..sir even in dat sum time it wil b changing the levels ...how i can take position sir? may i asking foolish question on this thread but m not able to understand how to use this excel!!!!!!!!need ur guidance nd hlp to understand this system...

 

[healthraj]

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

sir tnks for replay ..sir even in dat sum time it wil b changing the levels ...how i can take position sir? may i asking foolish question on this thread but m not able to understand how to use this excel!!!!!!!!need ur guidance nd hlp to understand this system...

Hi,

Goto post number 839.
Download the pdf document on the FLOW method.
Go through the FLOW method and understand the FLOW method.
Then use the RENKO or FLOW charts, you will understand the excel tool