Intraday profit system
- Thread starter Debarghya Mukherjee
- Start date
- Tags day trading intraday profit
I have a separate thread on AFL. If you want to learn AFL then you can use it. Link: http://www.traderji.com/amibroker/60292-afl-writing-guide-new-user.html
But I dont use any AFL. I use basic technical tools.
But I dont use any AFL. I use basic technical tools.
- Trend Line
- Patterns
- MACD
- Moving Average
- Etc
Dear Debarghya Mukherjee Sir,
I have gone through this thread almost fully. My understanding is as follows:-
It ia an intraday system with 5 min TF. Indicators required are 3 EMA, 13 EMA and
39 SMA. Wnenever 3 EMA ( Fast MA ) crosses 13 EMA ( Slow MA ) from below with
39 SMA remaining at the low, BUY. To prevent whipsaws, you have given additional
indicator ADX to confirm the above cross over. ADX should be above 20, +DM well
above -DM. Apart from ADX there are several other indicators which I have gathered
from various sites which will also be helpful, but I have no idea about its efficacy.
1. Force Index--Buy above zero line and Sell below zero line.
2. Moneyflow Index--Buy above zero line and Sell below zero line.
3. On Balance Volume-- If the line cuts zero from below, Buy. If the line cuts zero from
above and goes below o-Sell.
4. Relative Vigor Index--If Green line cuts Red line from below near o--Buy
If Green line cuts Red line from above near o and goes below
zero, Sell.
5. Parabolic Sar--everybody knows about it.
RSI, MACD, Stochastics, are other.
We are not in a position to check all these indicators at a time and confirm the position. I shall be thankful to Mukherjee sir if he analyses the above indicators and
arrive at one or two indicators which are reliable and also comparatively fast in
confirming the trend in which we have taken position.
I have gone through this thread almost fully. My understanding is as follows:-
It ia an intraday system with 5 min TF. Indicators required are 3 EMA, 13 EMA and
39 SMA. Wnenever 3 EMA ( Fast MA ) crosses 13 EMA ( Slow MA ) from below with
39 SMA remaining at the low, BUY. To prevent whipsaws, you have given additional
indicator ADX to confirm the above cross over. ADX should be above 20, +DM well
above -DM. Apart from ADX there are several other indicators which I have gathered
from various sites which will also be helpful, but I have no idea about its efficacy.
1. Force Index--Buy above zero line and Sell below zero line.
2. Moneyflow Index--Buy above zero line and Sell below zero line.
3. On Balance Volume-- If the line cuts zero from below, Buy. If the line cuts zero from
above and goes below o-Sell.
4. Relative Vigor Index--If Green line cuts Red line from below near o--Buy
If Green line cuts Red line from above near o and goes below
zero, Sell.
5. Parabolic Sar--everybody knows about it.
RSI, MACD, Stochastics, are other.
We are not in a position to check all these indicators at a time and confirm the position. I shall be thankful to Mukherjee sir if he analyses the above indicators and
arrive at one or two indicators which are reliable and also comparatively fast in
confirming the trend in which we have taken position.
I read ur strategy, and tried on yahoo finance interactive chart.
EMA 3 & 13 and SMA 39 plotted,
But couldnot understand stochastic (8,3,4) and the options available is that of fast and slow stochastic with %k and %d. moreover I am dependent on this chart, and don't know the candle time-set, it is by deafult.
I know only this site (free of course) to view interactive charts, pl suggest any other more useful free links.
Pl guide me.
EMA 3 & 13 and SMA 39 plotted,
But couldnot understand stochastic (8,3,4) and the options available is that of fast and slow stochastic with %k and %d. moreover I am dependent on this chart, and don't know the candle time-set, it is by deafult.
I know only this site (free of course) to view interactive charts, pl suggest any other more useful free links.
Pl guide me.
Last edited:
I use Slow STOCHASTIC of the settings.
You can use http://www.icharts.in/ also. They provide free services too.
Best of luck.
You can use http://www.icharts.in/ also. They provide free services too.
Best of luck.
Debarghya Mukherjee,
i want to say something.
4xpipcounter mentioned about using some sort of support and resistance levels and i will say that using s/r levels makes a huge difference in trading. In daytrading Pride had opened a thread called indicator free stress free trading. In there he made use of yesterdays high low and vpoc. I used his s/r levels to greateffects. Btwi also am using a ema crossover system
Also, in my experience if one is using dual time frame strategy, then the pairing needs to be variable in the lower tf.
Eg--if you are using 30m as your higher tf then for lower tf keep an eye on 5min, 6 min, 7 min tfs all at once.I find that keepin all the 3 tfs open give good signals.
i want to say something.
4xpipcounter mentioned about using some sort of support and resistance levels and i will say that using s/r levels makes a huge difference in trading. In daytrading Pride had opened a thread called indicator free stress free trading. In there he made use of yesterdays high low and vpoc. I used his s/r levels to greateffects. Btwi also am using a ema crossover system
Also, in my experience if one is using dual time frame strategy, then the pairing needs to be variable in the lower tf.
Eg--if you are using 30m as your higher tf then for lower tf keep an eye on 5min, 6 min, 7 min tfs all at once.I find that keepin all the 3 tfs open give good signals.
Last edited:
Thank you for your valuable comment here. but friend let me tell you something,
"Too much cook spoils the food"
Don't get me wrong, I always prefer to keep the system simple. You see no system is bad and good. It depends on the user how he follows it. If you blindly follow any system in consistent basis then any system will work for you.
Yes Paul(4xpipcounter) said something very important. I use it personally in my other systems. He knows that too. But I did not included that in my system. If you are comfortable with trend line and S/R lines then you keep it. It will give you some extra level of confirmation.
So Take any system you want and follow it.
Best of luck. You are doing great.
"Too much cook spoils the food"
Don't get me wrong, I always prefer to keep the system simple. You see no system is bad and good. It depends on the user how he follows it. If you blindly follow any system in consistent basis then any system will work for you.
Yes Paul(4xpipcounter) said something very important. I use it personally in my other systems. He knows that too. But I did not included that in my system. If you are comfortable with trend line and S/R lines then you keep it. It will give you some extra level of confirmation.
So Take any system you want and follow it.
Best of luck. You are doing great.
Hello Guys,
I have bought 5200 Put option at price of 39 and 5700 Call option at price of 23.
As i have bought on my experience and i am new learner can you please advise if this is a safe call. Because OI value of 5200 Put option is close to 1 million and OI value of 5600 call is higher So please suggest
Advises and criticism are welcome as i am new and i am here to learn
I have bought 5200 Put option at price of 39 and 5700 Call option at price of 23.
As i have bought on my experience and i am new learner can you please advise if this is a safe call. Because OI value of 5200 Put option is close to 1 million and OI value of 5600 call is higher So please suggest
Advises and criticism are welcome as i am new and i am here to learn
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