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

[praveen taneja]

PT ji ...
Mila kya ...koi system bina TA/FA ke?

Aisa koi system hota hai kya?...

I think its better to search very simple TA system rather.
TA does not mean indicators on chart which many people think it is..
even mental calculation of some formulas for trading is nothing but TA trading

Answer of your question is simple

hold an ANT in your hand put her in a new glass then see she try untill her last breath Tried hard and by grace of God succeed at end :thumb:

 

[lovrks]

Hi,
Just one system which need no chart no TA/FA and it is very effective too as the problem is within us which need to be corrected.
Fix Two stop losses and Two targets before entering a trade and implement it strictly and than see the Magic.Be alert at the first stop loss or Target and act on the second stop loss or first target if second target is not approching. I call it Must Act stop loss/target. You will be amazed at the result. It is better than any T/A, F/A if implemented seriously.
Regards
R.K.

 

[praveen taneja]

In a sideways mkt whole portfolio would finish in one day if stoploss is not at right place

 

[dineshknp]

Hi Mech,
This chart will answer your question...

http://img705.imageshack.us/img705/3149/aban280512.png

condition 1). We enter trade when candle touches the Avg Price.
condition 2). We initiate trade buy/sell if the touching candle is closed above or below the Avg Price.

If SL hit you can. But as my rule i trade one trade per day if it is loss also i dont initiate another trade with the same scrip.

Hope clarifies...

Cheers,
Karthik

PS: I cant understand Hindi much!!!

hi karthik. please explain how traders have been done? when entered and why and where exited and why?
thanks

 

[rangarajan]

Possible...but such methods will give you mediocre returns....say 150-200 points in NF and 300-400 points in BNF in a month.....I am sure you will get some such method soon...

ST

ST,
Do u mean to say on an investment of ONE Lakh( as indicated by PT ),a Return of 200pts,ie 10,000rs,ie 10% per month,ie 120%/year is not sufficient & u call such method Mediocre.

Am i missing something?

By the way,what is Tukka method

 

[rangarajan]

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

Karthik,
Back testing gives V.Good results.

Well done. Simple method,No Rocket science

 

[Smart_trade]

ST,
Do u mean to say on an investment of ONE Lakh( as indicated by PT ),a Return of 200pts,ie 10,000rs,ie 10% per month,ie 120%/year is not sufficient & u call such method Mediocre.

Am i missing something?

By the way,what is Tukka method

Hello Rangarajan,

There are methods which give much more returns but they require deep understanding and monitoring....so compared to them these returns are less. Relative term ....

Return also depends on the structure of the market we are trading.....everyone knows how tough it is to make money in current sideways weak trends phase. Trending markets will give more returns.

It is easier to take out 350-400 points in BNF than 200 points Nifty these days doing daytrading.

Regarding Tukka method, it is a method which trades on hunch, gut feel , own assessment , discretionary trading etc....and Praveenbhai has made Tukka method into a very finely tuned successful method for him.....but Tukka has a very sound logic and experience behind it....

Smart_trade

 

[jsb2012]

hi karthik. please explain how traders have been done? when entered and why and where exited and why?
thanks

how to draw the average line pls?

 

[rangarajan]

NF,BNF,SBIN,Axix,ICICI,LT,JET, All blasted as per Karthik Strategy:thumb::clap::rofl::clapping:

 

[jsb2012]

nf,bnf,sbin,axix,icici,lt,jet, all blasted as per karthik strategy:thumb::clap::rofl::clapping:

kindly post karthick's strategy tks