Maximize profit using SH's strategy

[gunsho]

GFZ

30 mins: 5026 - 5179

Daily: 4666 - 5262

T4J, What is the significance of Daily GFZ? I tried searching the original thread and also here, but not finding answers. Appreciate if you can explain or point me to the right place.

 

[trade4putuval]

T4J, What is the significance of Daily GFZ? I tried searching the original thread and also here, but not finding answers. Appreciate if you can explain or point me to the right place.

I am not sure! But I think we can use the daily GFZ to keep a lower target upto which nifty can possibly go in case there is a downtrend.

Suppose nifty started downtrend yesterday. As per 30 mins, nifty can go upto 5026. But as you must have seen previously, sometimes nifty does touch the GFZ bottom, but then it continues on the GFZ border for the next few candles, some of the candles being extremely long ones (For extreme bearish situations).

As mentioned in today's GFZ data, 4666 is the daily GFZ bottom. Now in the situation mentioned above, you will be sure ... ok nifty is going down sharply, but then we will have a support at 4666. As seen in daily, the volatility of nifty's price along the GFZ band is limited in the daily GFZ chart when compared to the 30-min chart. So the probability of nifty going below 4666 is limited (I am not saying it will not go still lower).

Also, we can make note of this fact and go long with more lots than usual if the daily GFZ bottom is hit.:lol:

So it is always wise for a trader to keep this information under the belt so that you can utilize it when situation arises. Thanks T4J for regularly posting it.:thumb:

 

[gunsho]

Thanks for the detailed answer. What will be settings for daily GFZ?

 

[trade4putuval]

Thanks for the detailed answer. What will be settings for daily GFZ?

I think it is 17,0.06. T4J, please confirm!

 

[gunsho]

I think it is 17,0.06. T4J, please confirm!

Checked it.. This matches with T4J's numbers. It is correct. Thank you

 

[trade4joisar]

GFZ

30 mins: 5026 - 5179

Daily: 4685 - 5283

SST

Long Mode

Bull SAR 5101

We got bearish candle closed below @ 11:00 AM candle with high of 5098. Which was negated by 12:00 candle by making high of 5107.

12:30 candle broke bear SAR with bull SAR stands @ 5047 so it was < 66. So one can go long with SL @ 5047.

Then 2:00 candle made low of very near to 15 ema i.e. 5102 & closed with bullish candle. Next candle broke high of this candle so TSL moved to 5101. And then made new high so now bull SAR moved to 5101.

For exit rule, you can refer to below link (If anybody has better, please share)
http://www.traderji.com/technical-a...-profit-using-shs-strategy-16.html#post686396

315

Long Mode

3 ema = 5113
15 ema = 5024

CMP = 5147.

 

[timepass]

30 min upper GFZ has remained at 5179, the daily GFZ has moved up... just an observation.

 

[umeshmandal]

Friends, I found this Trade Diary very impressive! The trader seems to be evolving every passing day!! His/her trades are primarily based on 315 strategy....the SH's strategy has been tweeked to incorporate some handling of intraday movements!!!
http://www.traderji.com/trading-diary/69641-my-trading-diary-nifty-futures.html

 

[trade4joisar]

GFZ

A great move from upper band to lower band.

30 mins: 5030 - 5183

Daily: 4693 - 5292

SST

Short Mode
Bear SAR: 5191

30 mins 15 ema: 5085

GFZ upper band touched @ open. After RBI news it falls like anything. Bull SAR @ 5101 hit. So one can short with Bear SAR @ 5191 which is around 90 points.

Lower GFZ band touched & closed @ 5058.

Now if short trade setup happens then one can go for short with recent high as SL.

315

Long mode

3 ema = 5086
15 ema = 5028

CMP = 5058

Today NF has taken support of GFZ lower band as well as daily 15 ema.

This is my view
Today @ open daily 3 ema left with around 40 points. It seems whenever GFZ touched and 3 ema left, it always goes in 3 ema direction (this is only in case of Gap up / down).

 

[timepass]

100 EMA is at 5105 (NF). Let's see if we can work out some rules about it.