In Search of a system that need no chart no TA/FA

[jatinderdhawan]

PT Bro,
Yes...we are dealing only with the Avg Price of the previous day and if the 15 min price candle/bar closes above the avg price u need to enter on the trade. But this is for Intraday only based on yday EOD avg price.

Yes NO TA/FA as u said....just playing price close above the close of previous Avg Price.

Cheers,
Karthik

Dear Karthik
Just one doubt
If say, a candle touches the av line and closes above and we go long with candle low as SL. now,subsequent candle doesnt either reach the target or hits stop loss. instead ,it again touches the av line and closes BELOW it. Now do we reverse position to short with new target and SL or continue to hold the original LONG till target/SL is hit
Rangarajan-kindly contribute as it seems you are also following the method
Thanks

 

[rangarajan]

Dear Karthik
Just one doubt
If say, a candle touches the av line and closes above and we go long with candle low as SL. now,subsequent candle doesnt either reach the target or hits stop loss. instead ,it again touches the av line and closes BELOW it. Now do we reverse position to short with new target and SL or continue to hold the original LONG till target/SL is hit
Rangarajan-kindly contribute as it seems you are also following the method
Thanks

jatinderdhavan,

This is my MOST favourite method (immense thanks to Kathik) which i religiously follow everyday with 95% success besides Quadra for positional.
To be frank,Not a Single failure but Law of Average says No system is 100% Foolproof & hence i have put it as 95%

Coming to yr query,how i trade?
As in yr example,after entry,when the next candle in the 15minTF showed Short,without triggering original s/l, i would reverse my trade provided there is a trade on the short side.
By this i mean,the stock should trade below the Low of that candle with s/l as the High of that candle.
Otherwise,u r still in the trade with yr original entry.
Pl refer to karthik's chart in this regard.
Mind u,yr Tgt is only 1000/day & anything above is bonus.

Also,if the s/l is triggered,leave that stock & dont fight.
Look elsewhere.
I concentrate only on a max of 4 stocks ony,my favourite being Relcapital & Tatamotors,Vipind.

Trade in a small way till u r confident & comfortable

While we r discussing of trading with VWATP,i have an addition for whatever it is worth.

Pl c the ATP for the last one month.
If the stock does not touch That day's ATP on any subsequent days,i call it Virgin ATP,& 90% of the time,the stock would touch the vergin in comin days.

If Karthik is seeing yr post,i also wait for his reply,the original author.

All the Best.

 

[prabhsingh]

Rangarajan,

Kindly can you provide or direct towards the AFL for Kathik method of trading or atleast provide the message number where details about the system can be found.Thanks Buddy.

 

[rangarajan]

Rangarajan,

Kindly can you provide or direct towards the AFL for Kathik method of trading or atleast provide the message number where details about the system can be found.Thanks Buddy.

prabhsingh,
Refer post 24/page3,40/4,52/6 of this thread.

This is not complicated strategy requiring AFL since the Tgt is 1000 only/day for amm adhmi like me..
Just keep 3-4 stocks under yr radar.

Still if u need,the right person to help is Anant,the master of AFL.

 

[gurmy.]

jatinderdhavan,

This is my MOST favourite method (immense thanks to Kathik) which i religiously follow everyday with 95% success besides Quadra for positional.
To be frank,Not a Single failure but Law of Average says No system is 100% Foolproof & hence i have put it as 95%

Coming to yr query,how i trade?
As in yr example,after entry,when the next candle in the 15minTF showed Short,without triggering original s/l, i would reverse my trade provided there is a trade on the short side.
By this i mean,the stock should trade below the Low of that candle with s/l as the High of that candle.
Otherwise,u r still in the trade with yr original entry.
Pl refer to karthik's chart in this regard.
Mind u,yr Tgt is only 1000/day & anything above is bonus.

Also,if the s/l is triggered,leave that stock & dont fight.
Look elsewhere.
I concentrate only on a max of 4 stocks ony,my favourite being Relcapital & Tatamotors,Vipind.

Trade in a small way till u r confident & comfortable

While we r discussing of trading with VWATP,i have an addition for whatever it is worth.

Pl c the ATP for the last one month.
If the stock does not touch That day's ATP on any subsequent days,i call it Virgin ATP,& 90% of the time,the stock would touch the vergin in comin days.

If Karthik is seeing yr post,i also wait for his reply,the original author.

All the Best.

Dear,
thanks for sharing you experience
i did little backtesting,seems to be a nice strategy
can u please tell,wethere u trade in equity or future
as i am not getting average price for future
thanks

 

[raju_600005]

Pl c the ATP for the last one month.
If the stock does not touch That day's ATP on any subsequent days,i call it Virgin ATP,& 90% of the time,the stock would touch the vergin in comin days.

Any examples?

 

[rangarajan]

Dear,
thanks for sharing you experience
i did little backtesting,seems to be a nice strategy
can u please tell,wethere u trade in equity or future
as i am not getting average price for future
thanks

gurmy,
I am hijacking Karthik's strategy.

This works equally well in both equity & Futures.
But till one gets the hang of it,it is prudent to trade in cash in small qty .
Yes,for Future ATP,u have to note the previous day itself & is Not available elsewhere.

for Virgin ATP back test,pl c http://www.nseindia.com/products/content/equities/equities/eq_security.htm

 

[savio_07]

Hi Rangarajan,

I need your help, how many shares should be traded, since you said the the aim is to earn 1000 every day, what should be number of shares to buy/sell? Also, i have uploaded a chart for bharti airtel,this is fridays chart where the trade didn go in my favour, please check and provide your valuable inputs. the avg price was 278.31, just wanted to check with you if i did anything wrong. Is there a way to reduce such whipsaws?
Thankyou again for everything.

 

[Prabhan]

Hi,

Possible trade entery points:
1. Long trade at 2a
2. Short trade at 5a

First we got short trade signal at candle 1, which was cancelled as before breaching lowest price of candle 1, buy signal got triggered in candle no. 2.
But after waiting for some time, we got entry point for long trade in candle no 2a (as it breached highest price of candle 2). Now in this candle (2a), you shd book your profit (as per your planned profit booking amount) and close the trade.
After this, we got short signal at candle 3 but got nullified due to candle 4 for long signal which again got nullified due to candle 5 for short. Enter into the short trade in candle 5a and book profit.



Regards,
Prabhanshu

 

[Prabhan]

Hi,

I am not using any charting tool like Ambi broker. I generally use google finance (as this is only option which I can access from office ) But in google finance, I have the option of 2, 5, 30 min, 1 Day TF).

If some one can tell me any website, which gives realtime intraday stock prices with 15min TF, would be great.