My Nifty/Mini-Nifty Positional trade logs

Can Stochastics indicator alone be used for positional trading?


  • Total voters
    50

summasumma

Well-Known Member
#63
Hi,

what should be prognosis now?
Last 3 day trades:
(32,9,1)
---------
92.88137677
93.41550717
94.901832

(21,9,1)
---------
92.39180981
91.82112149
93.22920866

(15,3,1)
---------
94.93422264
88.00756305
88.36166822

All stochs above 80 for past 2 days..
Eventough (15,3,1) came below ((32,9,1)/(21,9,) it didn't break the 80 line.
So hold long till the time these 3 stochs hold.

Any changes in position i ll update on that day itself based on my views..
Im holding 2 mininifyt lot @ 5310 ...Lets see...
 

summasumma

Well-Known Member
#65


(15,3,1) came < 80..and (21,9,1)/(32,9,1) seems following that.
Ideally we should have entered short when (21,9,1) also came < 80.
But not doing so as (21,1,1) and (8,1,1) are far apart (in the above image).
In a strong trend (21,1,1) and (8,1,1) will be in the same side(i.e, above or below RSI line) and will be close enough.
You can compare the last 3 days nifty movement is more of flat on closing basis and see the big gap between (21,1,1) and (8,1,1) as well.
 

summasumma

Well-Known Member
#67


Good to go short today EOD as all stochs pointing down and (21,1,1)/(8,1,1) are close enough in same side.

i could not go short today as i didnt get time to watch market at EOD.

For study purpose it should be short @ 5130, if anyone is following this thread.
 

summasumma

Well-Known Member
#68
Ideal short was mentioned couple of days ago was @5130
Yesterday market close was around 5115 and still i missed that opportunity to enter short position which is very close to ideal short level.

Lets see how far down it goes...
Hold short if anyone has entered short untill we see (15,3,1) > 20 which is currently around 8 or a big gap between (21,1,1) and (8,1,1).

Will post image later.
 

summasumma

Well-Known Member
#70
yes yes ....we remember our short calls...when nifty goes...100 points down...


Jokes apart...
are you trading seeing only indicators? no price chart?
Ya, we will always remember when market goes in our direction...But please also remember that we booked loss in last 2 trades(posted in this thread) when market went in opposite direction using the very same method... :D

And yes, just trying to use only the indicator without price chart.
32,9,1/21,9,1/15,3,1 stochs was initial attempt and later trying to combine 21,1,1/8,1,1 also to see if it results in good outcome.
 

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