My Trading Diary for Nifty Futures

[rh6996]

Intraday long above 5131.20

 

[mangup]

Intraday long above 5131.20

Kaise? Hame bhi to rules batao?

 

[rh6996]

Long triggered

 

[rh6996]

Long does a high of 5132.65 and languishing around that level!!!

 

[rh6996]

SL for long at 5124.80

 

[rh6996]

SL jumped, Exited at 5021.35

 

[rh6996]

Intraday long again above 5118.20 , did not take, Positional long not possible today!! Will have to carry home Short only!!

 

[healthraj]

Yes, the crossover or for that matter any signal is valid only when the Candle for the Time Frame we are tracking is completed. The logice is very simple... the indicators, be it EMA or SMA or any other , we are using the value of "close"!!!
As you might have noticed that the strategy that I am using or the SH's 315 crossover has no SL, it like in the Trade all the time. Mostly we use SAR=Stop and reverse!! So any SAR level can be used as SL!!
In addition to the original Rules in SH's 315 strategy, a new rule has been added, whenever 3EMA moves adversely for two consecutive days we exit our position! This can save us some losses, and also heart ache of loosing the Profit accululated in the move but still on table!!
You may write to rkkarnani, and ccmb420 they helped me fine tune the strategy!

Hi,

So that means you are more a positional trader rather than a Intraday trader?
Do you use separate setup for Positional and Intraday or use the same setup. Hope you are using 60-min TF for Positional and less than 60-min for Intraday...

 

[rh6996]

Hi,

So that means you are more a positional trader rather than a Intraday trader?
Do you use separate setup for Positional and Intraday or use the same setup. Hope you are using 60-min TF for Positional and less than 60-min for Intraday...

I am a Positional trader, managing the Position Intraday by trading Contra signal in lower time frame!
Same set up for both 60 minutes and 5 minutes!! I use 5 minutes chart for intraday!!

 

[rh6996]

dear rh669 i am taking about days like today as we r positional short in hourly so we look for contra in 5m but today in 5m it gives 5 times buy signal how to overcome that
1) by using big filter like u use (10)
2) by using any other indicator or filter to avoid that particular false buy signal
3) or some other suggestion u prefer

hope i am not bothering u as i am trying to make a trading system using scrathes and also if u prefer good name of ur plz..........

My set up is a bit different, I do get multiple Buy/Sell signals but all are not triggered!! Days like today make a trading account bleed... but cant be helped, all part of the game!!
I myslef am a long way to finalise a system, I find its a good idea to move to lower tie frame for Intraday contra move, but have not been able to pinpoint EXIT strategy!! There are days when intraday moves in our direction by almost 50+ points and then exitsat meagre 10/15 points or even NPNL! And on a day you exit with 20 points, you find that it continues unabated and reverse the positional also!!
Inspite of all this I would like to use minimum indicators and manage!!
Had tried to use Options but unless one has very good understanding of the same, it is Loss making proposition to manage trade intraday with Options!!
For me Filters are doing the job! I use 6 points filter in intraday!!
I donot enter a trade immediately on cossover, the high or low of he crossover bar must be breached for a trigger!!