Linkon's Day trading Strategy...!
- Thread starter linkon7
- Start date
CUES--
--Nifty July future premium decreased to 2 points so cost of carry decreased.
--Nifty open interest increased by 15 lacs suggests short addition. (Total OI now at 3.0cr)
--Nifty calls added 6 lacs and puts added 8 lacs in open interest.
--Nifty open interest put-call ratio is at 1.31.
--4400 puts had open interest of 44 lacs and 4600 calls had open interest of 38 lacs, so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 36.07, decreased by 3% suggests stability.
--Nifty July future premium decreased to 2 points so cost of carry decreased.
--Nifty open interest increased by 15 lacs suggests short addition. (Total OI now at 3.0cr)
--Nifty calls added 6 lacs and puts added 8 lacs in open interest.
--Nifty open interest put-call ratio is at 1.31.
--4400 puts had open interest of 44 lacs and 4600 calls had open interest of 38 lacs, so 4400 and 4600 will be important levels to watch for.
--India VIX closed at 36.07, decreased by 3% suggests stability.
SGX Nifty :
Opened at 4593 which is also the high, made a low of 4525 and is trading at 4540.
FII cues : were negative yesterday.
Strategy:
IF we have a gap down, then plan to place a buy trigger at the high and a sell trigger at the the low after 5 min.
long tgt : 10 points
Short: remain short with the upper band as SL....
Opened at 4593 which is also the high, made a low of 4525 and is trading at 4540.
FII cues : were negative yesterday.
Strategy:
IF we have a gap down, then plan to place a buy trigger at the high and a sell trigger at the the low after 5 min.
long tgt : 10 points
Short: remain short with the upper band as SL....
Hi Sreenath,
Info on GMM
http://www.traderji.com/technical-analysis/620-guppy-multiple-moving-average.html
Regards
Ken
Info on GMM
http://www.traderji.com/technical-analysis/620-guppy-multiple-moving-average.html
Regards
Ken
10.28, Buy was false…. As second bar didn’t follow up…
10.42, Bought at 4569….Stoploss 4550….not very convinced with the buy, but system says buy, I buy. In the morning, I was convinced that we would break the high of 4550. and now am buying at 4669. PLdot gave a buy too…
Blue lines above red, signaling a change in trend. Prices still flat. Colour still blue. And above 4565.
Stoploss : will keep at 65 and reversal at 55.
Pl dot also flat.
10.52 , 10 min now, still no movement. Prices remain in buy zone but not breaking up or down….
Made at short dip to 60 level but was quickly bought.
10.57, Placed reversal at 4559, lower band, as per system
11.01, increased it to 60.45
Blue lines fanning out… chances of a breakout….of the range….
It’s a day before expiry. And it looks like people are mourning the death of NIFTY.
11.04 hurray…. 71 now…just 1 point from the bounce back zone of 72
Crap…! it did go back to 69…
Increased reversal to 62.
11.08 short at 4562 got triggered, reversed positions….at 4561.50
Its in sell zone now. Lets hope we see some direction…. So far it like the pause mode continues….
All the indicators are asleep by now….
11.12, we are at the provious PL of 58 and still not moving an inch….
Nifty needs some cheer leaders….
Blue lines below red….so trend changing….
11.14, surprise surprise… we did break the 58 mark and am at 55….no 56 now…
11.17, inching back to that 60 zone… reminds me of the amways ad, mujhe maaf karo…
Pl dot changing colour….not a good sign….
Blue lines below red… that’s a good sign…
Wow we broke 56 and at 52 now… nope back to 54…. Some FII must have got bored and decided to play around a bit….
About to break 50…we did….at 48 now….47…46…45….46,47,50….
Hammer… great….
Now we are going to our sell zone…
54-55 now…
Rakesh covered at 45.5..nice….how does he pick the bottom…I wonder
Told him, I am holding, says to keep booking profit on days like this…. No point riding a dead wave….
11.29, price at 47 now….
lost 7.5 points on the long and gaining about that much here…breakeven to a slight positive..so far…
11.31, price at 48…49….50
Conviction missing on both sides…. Just a flat as a dodo day I think….
Khaya piya kuch nahi glass tora barah aana….wala day…
Went up to 54…
11.36, Then sold off. At 45 now…
We just made a new low… 44.90…. clap clap….!
No… we are at 43… 44..45
System sl is at 60…
On 1 min TF… the Sl is at 52… but it did stop me out at 52..so would miss the ride…
Or would have to donate to reenter…
But I’ll stick to 2 min…
Made a new low of 38….back to 41 42…
If 21 breaks… then I’ll add another lot…
11.51, we made a new low of 4502
Asish da says to get out…
Massive sell off….
Just fell off a cliff…
Booked 1 lot at 4460
Riding the other….
Booked the other at 52.
I think I had enough for the day….
Its been a good day…. Lets keep it that way.
Trades so far :
Long at 4569, qty 1 lot (50), sold at 4561.5 loss of 7.5 points plus brokerage = loss :9.5 points.
short at 4561.5, qty 1 lot (50), covered at 4452, profit of 109 points, plus brokerage = profit : 107 points.
Added Short at 4521, qty 1 lot (50), covered at 4460, profit of 61 points. Plus brokerage profit : 59 points.
Profit of 156.5 points.
Observation :
pure luck. Nothing else. Didn’t expect market to fall so sharply.
If there is a trend any system will give good results today. No nothing to rejoice here.
I could have held on, but I think 150 points is good enough. Market decides the profit and it decided to give me that much, I’ll take it. Take a bow and gracefully close the terminal.
10.42, Bought at 4569….Stoploss 4550….not very convinced with the buy, but system says buy, I buy. In the morning, I was convinced that we would break the high of 4550. and now am buying at 4669. PLdot gave a buy too…
Blue lines above red, signaling a change in trend. Prices still flat. Colour still blue. And above 4565.
Stoploss : will keep at 65 and reversal at 55.
Pl dot also flat.
10.52 , 10 min now, still no movement. Prices remain in buy zone but not breaking up or down….
Made at short dip to 60 level but was quickly bought.
10.57, Placed reversal at 4559, lower band, as per system
11.01, increased it to 60.45
Blue lines fanning out… chances of a breakout….of the range….
It’s a day before expiry. And it looks like people are mourning the death of NIFTY.
11.04 hurray…. 71 now…just 1 point from the bounce back zone of 72
Crap…! it did go back to 69…
Increased reversal to 62.
11.08 short at 4562 got triggered, reversed positions….at 4561.50
Its in sell zone now. Lets hope we see some direction…. So far it like the pause mode continues….
All the indicators are asleep by now….
11.12, we are at the provious PL of 58 and still not moving an inch….
Nifty needs some cheer leaders….
Blue lines below red….so trend changing….
11.14, surprise surprise… we did break the 58 mark and am at 55….no 56 now…
11.17, inching back to that 60 zone… reminds me of the amways ad, mujhe maaf karo…
Pl dot changing colour….not a good sign….
Blue lines below red… that’s a good sign…
Wow we broke 56 and at 52 now… nope back to 54…. Some FII must have got bored and decided to play around a bit….
About to break 50…we did….at 48 now….47…46…45….46,47,50….
Hammer… great….
Now we are going to our sell zone…
54-55 now…
Rakesh covered at 45.5..nice….how does he pick the bottom…I wonder
Told him, I am holding, says to keep booking profit on days like this…. No point riding a dead wave….
11.29, price at 47 now….
lost 7.5 points on the long and gaining about that much here…breakeven to a slight positive..so far…
11.31, price at 48…49….50
Conviction missing on both sides…. Just a flat as a dodo day I think….
Khaya piya kuch nahi glass tora barah aana….wala day…
Went up to 54…
11.36, Then sold off. At 45 now…
We just made a new low… 44.90…. clap clap….!
No… we are at 43… 44..45
System sl is at 60…
On 1 min TF… the Sl is at 52… but it did stop me out at 52..so would miss the ride…
Or would have to donate to reenter…
But I’ll stick to 2 min…
Made a new low of 38….back to 41 42…
If 21 breaks… then I’ll add another lot…
11.51, we made a new low of 4502
Asish da says to get out…
Massive sell off….
Just fell off a cliff…
Booked 1 lot at 4460
Riding the other….
Booked the other at 52.
I think I had enough for the day….
Its been a good day…. Lets keep it that way.
Trades so far :
Long at 4569, qty 1 lot (50), sold at 4561.5 loss of 7.5 points plus brokerage = loss :9.5 points.
short at 4561.5, qty 1 lot (50), covered at 4452, profit of 109 points, plus brokerage = profit : 107 points.
Added Short at 4521, qty 1 lot (50), covered at 4460, profit of 61 points. Plus brokerage profit : 59 points.
Profit of 156.5 points.
Observation :
pure luck. Nothing else. Didn’t expect market to fall so sharply.
If there is a trend any system will give good results today. No nothing to rejoice here.
I could have held on, but I think 150 points is good enough. Market decides the profit and it decided to give me that much, I’ll take it. Take a bow and gracefully close the terminal.
Its the same guppy average by Darryl Guppy.
TACTICS
* Join established trends at points of price weakness
* Join established trends breaking to new highs
* Trade breakouts using rally dips and rebounds
* Trade downtrend rallies as rallies rather than trend breaks
* Recognise trend breaks as they develop
RULES
* Degree and nature of separation in the long term group define trend strength and weakness
* Degree and nature of separation in the short term group define the nature of trading activity.
* Degree and nature of separation between the two groups of moving averages define the character of the trend.
* Compression shows agreement on price and value.
* Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change
* Trade in the direction of the long term group of averages
* The relationships between the groups provide the necessary information about the nature and character of the trend.
* Do not use as a moving average crossover tool
ADVANTAGES
* Enables effective analysis of the trend environment
* Improves selection of the appropriate trading tactics
* Better understanding of trend strength
* Effective evaluation of unusual price movements, such as dips and spikes
* Effective understanding of trading activity and behaviour
DISADVANTAGES
* Not effectively applied to trend less stocks
* Cannot be applied to all trending stocks
* Do not use as a moving average crossover signal
TACTICS
* Join established trends at points of price weakness
* Join established trends breaking to new highs
* Trade breakouts using rally dips and rebounds
* Trade downtrend rallies as rallies rather than trend breaks
* Recognise trend breaks as they develop
RULES
* Degree and nature of separation in the long term group define trend strength and weakness
* Degree and nature of separation in the short term group define the nature of trading activity.
* Degree and nature of separation between the two groups of moving averages define the character of the trend.
* Compression shows agreement on price and value.
* Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change
* Trade in the direction of the long term group of averages
* The relationships between the groups provide the necessary information about the nature and character of the trend.
* Do not use as a moving average crossover tool
ADVANTAGES
* Enables effective analysis of the trend environment
* Improves selection of the appropriate trading tactics
* Better understanding of trend strength
* Effective evaluation of unusual price movements, such as dips and spikes
* Effective understanding of trading activity and behaviour
DISADVANTAGES
* Not effectively applied to trend less stocks
* Cannot be applied to all trending stocks
* Do not use as a moving average crossover signal
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