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

[anilnegi]

Hi Dinesh,


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.



Kartik ji

1 or 2 points on above,

1. you entered on circle 2 - sell around 395, buy back around 393.2 appx, but for making Rs. 1000/- we have to purchase 500 shares(too costly), which pls clarify.
2. You entered on circle 4 short around 394, but why did you mark 5 & 6 than.

i think i am missing some thing, hope you clarify

anil negi

 

[prabhsingh]

Anil,

Which image are you referring when you explain all the 4 points.Kindly can you again attach the image.

 

[karthik_sri]

@Karthik: first we should take average trading price of yesterday from nseindia.com and plot it on 15 mins chart for today.. If the candle closes above the ATP on 15 mins chart then buy, and SL would be the low of the candle .. but in cipla example why you didnt take first trade?...

The condition is the 15min candle should touch and close above or below the ATP to initiate the Trade. In the case of CIPLA the 1st candle touch the ATP and closed above the ATP which signalled that we have to buy on the high price of the candle but if you look at the subsequent candle the price didnt touch/meet the high price of 1st 15 min candle which you could able to see from the Chart.

Hope clarified!!!

 

[karthik_sri]

Hi Dinesh,


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.



Kartik ji

1 or 2 points on above,

1. you entered on circle 2 - sell around 395, buy back around 393.2 appx, but for making Rs. 1000/- we have to purchase 500 shares(too costly), which pls clarify.
2. You entered on circle 4 short around 394, but why did you mark 5 & 6 than.

i think i am missing some thing, hope you clarify

anil negi

Hi Anil,
Please find below clarification to your queries...

1. you entered on circle 2 - sell around 395, buy back around 393.2 appx, but for making Rs. 1000/- we have to purchase 500 shares(too costly), which pls clarify. - You may try this strategy in F&O with lot size of 1000 where u can easily see movement of Re.1/- (e.g) TATAMOTORS

2. You entered on circle 4 short around 394, but why did you mark 5 & 6 than.- If you look at the circle 4 the price touch the ATP and candle/price closed below the ATP which means we have to sell short at the low of the candle. We could able to get the oppertunity on the second candle and we are in Trade. The circled candle (5) & (6) highlighted to show though the price touched ATP we are not initiating any Trade because we are already in Trade and neither we didnt get Re.1/- nor we hit SL

If you still have doubt will post some more chart.

Karthik

 

[SEVEN STAR]

without using mind (analysis) any thing done is foolishness not only trading stock market but in every other event of life..
ta.. Are past records of human psychology.. Nothing guaranteed that these patterns can repeat at the same way it did earlier..but one thing is for sure that these ta ... Can save losses at first place and then if one is smart enough to learn it properly more than 70% trade can be profitable too..

 

[dashr]

Bro search at Trading with PT style part 1 around 1062:thumb::thumb::thumb:

Traderji ne woh thread hi gayab kar diya :annoyed:
can't find by searching

 

[anup]

Yes I am also not able to find that thread. Should ask moderator about it

 

[gurmy.]

Traderji ne woh thread hi gayab kar diya :annoyed:
can't find by searching

http://www.traderji.com/day-trading/32562-trading-pt-style-1060.html

 

[praveen taneja]

Traderji ne woh thread hi gayab kar diya :annoyed:
can't find by searching

:rofl::rofl::rofl::rofl::clapping::clapping::clapping:

 

[anup]

@Praveen bhai, control control!!