Day Trading Stocks & Futures

[Vertigo_1985]

re: Day trading Nifty & Banknifty Futures

Hi
Could u please send me 'the play book" in pdf through PM..I tried hard but couldnt get pdf of it ..
If you dont have ,i can also send u "one good trade" 'by same writer.
thanks

Trading one book for another
i hv also read "one good trade" , will send u playbook.

 

[Tlahuicole]

re: Day trading Nifty & Banknifty Futures

Al brooks..i tried 2 times but could read only first few pages. It has immense knowledge in it, so its good if you are reading it. SAAK follows it so you can share your learning with him. For me YTC has enough technical material, i need more work(really a lot) on my psychology so focusing on those books.

Yeah al brooks concepts quite difficult to grasp unlike beggs concepts but both are good.

 

[DataRam]

re: Day trading Nifty & Banknifty Futures

Happy New Year to all TJ friends .....:clap:

Bit late in wishing ....

Happy Trading To All .... :thumb:

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

I am just gonna use this ID to not reveal my identity in traderji. When i use the other ID, i can freely express my views without limitations. If it is against traderji rules(using two ids), then i will stop posting in this ID..Mods please let me know.

I gotta admit that this thread is really fun-packed..i enjoy reading the chit-chats and other stuff here. Please keep up the great participation.

Posted couple of posts on Z-connect blog about Trading Journal and trading plan today (you will have to really scroll to the bottom). I never thought that the blog would invite such a response. But, i hope that it is useful to few, atleast.

Im glad you decided to start posting here ...

Welcome ..

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

Pratap bhai,

how to implement this method in 5 min tf, you have already said in your thread that this can be implementd in all tfs but just confused my mind not in thinking mode, please help.

What will be the ema combination simliar to what you are using 3 - 13, 15 - 13 and 60 -13 will it be like 5 * 7ema?

Really mind in shut down mode, please guide and I will download AFL from your thread and modify the periods accrodingly

the below chart shows 5-13 band and 5-21 close ema (blue-red)

you will notice 2 things
1. that in a trend the 5-21 is to one edge of the 5-13 band.........so in a DT the trend SL is above the high of band and in UT the trend SL is below the low of band

2. it generally goes sideways in the band (here for this TF it is a small zone but for higher TFs the zone is bigger before it decides to resume/reverse

so I use the bands rather than just ema of close

for bank NF I have found the 3-13 15-13 60-13 and daily-13 suitable to get info of higher TFs where the decision points of that TF are for trend changes......

for 5min you can test 5-13 itself as you have been using 5-21close successfully for swift

approximation would be 3x13 ~ 5x8.....butthe smaller the ema the more rough it is going to be.

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

NF I generally use double the TF so

I use 30-13 120-13 and 2880-13 instead of 15-13 60-13 and 1440-13

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

BNF

just an example of how I read the interplay of TFs using the different bands to get where we are in the trend to take appropriate action

ama is an adaptive version of the ma so it moves faster when there is a move and after sideways it aligns back to that TF....you can get what I am saying by comparing 15min ama and 15-13

So I get to know all that is happening in diff TFs on my 1 chart

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

I am just gonna use this ID to not reveal my identity in traderji. When i use the other ID, i can freely express my views without limitations. If it is against traderji rules(using two ids), then i will stop posting in this ID..Mods please let me know.

I gotta admit that this thread is really fun-packed..i enjoy reading the chit-chats and other stuff here. Please keep up the great participation.

Posted couple of posts on Z-connect blog about Trading Journal and trading plan today (you will have to really scroll to the bottom). I never thought that the blog would invite such a response. But, i hope that it is useful to few, atleast.

yes write few posts in TJ too

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

I am going thru' the john carter book right now, after one of the zerodha winners mentioned it in his interview.... but lazy and finished just few pages - but what I read makes a lot of sense.

Like for example --> A professional trader's job is to take small losses. Period. Most traders don't realize that there are only a few days each month where big profits can be made. The rest of the time traders are doing their job if they are keeping their head above water. The idea is to keep the trading account intact for when the big move comes along.

Couple of more points from the pages that i read so far....


good stuff... will try to read up the rest of the book this month.

yes nice quotes.

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

3100 PE @ 22 , 3800 CE @ 22,
CMP INFY FUT 3450

thinking of buying the above pair for infy result tomorrow
total cost = 44 x 125 = 5500