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

[rangarajan]

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.

savio,
There was one trade only available & chart attached.
Pl note that susequent to the bar u had marked,there were three other bars whish touched ATP & hence there was no trade in the initial bar.

The bar,i had marked made u run to yr bank ATM.

Always give an allowance of 5-10 paise in the ATP which u will get by experience.

Reg no of shares,it is risk aptitude & money management.Pyramiding also helps since price may bounce/dip a little.

 

[dineshknp]

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.

As per your experience, if first 15 minute candle meet the criteria, chances are more to hit target or we should ignore first 15 candle. your experience required. and please mention how much target u set for above mentioned sccripts. thanks

 

[dineshknp]

HI Rangarajan ji. uploding here image of cipla for 09/11/12. please express your views and trade. I mean to say how we should have traded it?

 

[pav]

savio,
There was one trade only available & chart attached.
Pl note that susequent to the bar u had marked,there were three other bars whish touched ATP & hence there was no trade in the initial bar.

The bar,i had marked made u run to yr bank ATM.

Always give an allowance of 5-10 paise in the ATP which u will get by experience.

Reg no of shares,it is risk aptitude & money management.Pyramiding also helps since price may bounce/dip a little.

Dear rangarajan,
did not get following line of your post :-

" Reg no of shares,it is risk aptitude & money management.Pyramiding also helps since price may bounce/dip a little. "

what is Pyramiding and how Pyramiding can help us in intraday trading ?

please explain

Regards
Pav

 

[rangarajan]

Dear rangarajan,
did not get following line of your post :-

" Reg no of shares,it is risk aptitude & money management.Pyramiding also helps since price may bounce/dip a little. "

what is Pyramiding and how Pyramiding can help us in intraday trading ?

please explain

Regards
Pav

pav,
Let us say the ATP is 100.
A bar makes a High of 102 & Low of 98 & closes at 101.
We have to enter above 102 for whatever tgt we have in mind with s/l 98.
Price moves in wave form & it may so happen that before our tgt is achieved,it may come down to say102- 101.
According to money management,let us say,we have to trade only up to 200 shares.
Initially,invest only 100 shares & when it comes down, gradually invest another 100 shares.
Perhaps u may call it inverse Pyramiding since we r NOT adding on the Higher side.
By this ,our profit may be better.
Apply Fibonacci to judge the levels.
If u trade in futures,start with one lot only & wait for the tgt till u get conversant with the strategy.

If u r still unclear or having doubt,select any share with High Vol & volatility & back test it on 9/11. Intra day chart available in NSE TAME & ATP for 8 in NSE.

 

[karthik_sri]

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 RR,
I was not active for 4-5 months due to my work pressure. I hv seen this post and happy to see that ur following this method and gaining!!

I also should thank PT Bro for opening such a thread to share my knowledge.
I have to check the above condition which u hv mentioned as i hv taken/trading based on the previous day ATP.

Cheers,
Karthik

 

[karthik_sri]

HI Rangarajan ji. uploding here image of cipla for 09/11/12. please express your views and trade. I mean to say how we should have traded it?

Hi Dinesh,
I presume the Cipla chart which you have posted here is of Intrady with timeframe of 15 min and the horizontal line (red) plotted by you is ATP of yday. If ur answer is yes then here is my views...

I hv edited your chart with paint brush and marked the trading oppertunites by circle with numbers. The explanation to each circle with number is given.

1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.

2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-

3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.

4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-

The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.

Hope the above clarifies.

Since i cant able to post the chart directly due to size authorisation have attached the chart for your reference.

Cheers,
Karthik

PS: To post this attachment i have deleted the earlier attachments.

 

[onlinegtrash]

hey guys,

Guess I have found a chart-indicator-TA_FA free trading method.

Its called Obama-Indicator.

Every time he opens his mouth for big speech, US market falls!
and NIFTY follows!

so you have atleast one chart free method

 

[rangarajan]

Hi Dinesh,
I presume the Cipla chart which you have posted here is of Intrady with timeframe of 15 min and the horizontal line (red) plotted by you is ATP of yday. If ur answer is yes then here is my views...

I hv edited your chart with paint brush and marked the trading oppertunites by circle with numbers. The explanation to each circle with number is given.

1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.

2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-

3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.

4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-

The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.

Hope the above clarifies.

Since i cant able to post the chart directly due to size authorisation have attached the chart for your reference.

Cheers,
Karthik

PS: To post this attachment i have deleted the earlier attachments.

Karthik,
Nice to c u back in action.
Use 'Imgur.com' for unlimited attachments.
See 'timepass'signature in this regard & i recall murthy had also explained it elsewhere.
Bolded portion of yr reply are good Filters which i was not aware & thanks.

 

[dineshknp]

Hi Dinesh,
I presume the Cipla chart which you have posted here is of Intrady with timeframe of 15 min and the horizontal line (red) plotted by you is ATP of yday. If ur answer is yes then here is my views...

I hv edited your chart with paint brush and marked the trading oppertunites by circle with numbers. The explanation to each circle with number is given.

1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.

2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-

3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.

4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-

The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.

Hope the above clarifies.

Since i cant able to post the chart directly due to size authorisation have attached the chart for your reference.

Cheers,
Karthik

PS: To post this attachment i have deleted the earlier attachments.

Thanks karthik for kind reply. You can also use imageshack to upload the images. I am using same for uploading images at traderji. One question related to above explanation. Next candle of 3rd candle marked by you also touched the ATP and closed above the ATP. You said that in sequence second candle touch the ATP and it does'nt break the high of previous candle high so we avoid the trade here, so we should also add this rule in the strategy. If there are more additional rules that we should keep eye on? Thanking you