Nifty : Real time discussions...!

[trader.trends]

.

Just trying out something new... let's see...

Just curious. If it is not proprietary what is that you were trying today?

 

[augubhai]

Just curious. If it is not proprietary what is that you were trying today?

Nothing special, I guess.... I just put 10 SMA's (1,2,3...10) on the 1, 2, and 3 minute charts, and went long and short only when most of the SMA's pointed in one direction. No rules as such - going long or short was still my call.

On Friday, I tried the same thing on 1 minutes charts alone, with some position sizing (like adding 40 lots because the risk in the time frame was small) and adds, and it flopped big time. Had to stop after I lost 50,000 before 12 noon. But today, it seems to have clicked.

I have my bread and butter ORB daytrading system, that gives me consistent profit with some serious drawdowns. I am looking to replace it with something on a lower timeframe, so I can avoid those drawdowns and be with short terms intraday trends.

 

[vinodkiyer]

my own trades were as follows:

Ticker Date/Time ENTRY CT TG PRICE QNTY EXIT EXIT @P/L-UNIT
NIFTY_25AUG2011_FUTIDX 07/25/2011 11:14:43 AM S 185 1 5658.00 50
NIFTY_25AUG2011_FUTIDX 07/25/2011 11:44:56 AM 185 1 5658.00 50 P 5655.00 3.00
NIFTY_25AUG2011_FUTIDX 07/25/2011 1:29:55 PM B 185 1 5659.00 50
NIFTY_25AUG2011_FUTIDX 07/25/2011 2:59:59 PM 185 1 5659.00 50 P 5715.00 56.00

 

[augubhai]

short @5693

 

[augubhai]

Reversed. Long @5689

 

[augubhai]

Short again @5678

 

[augubhai]

There is nor real time discussion here. What happened? Why did it fall? Lucky I had a Stop Loss.

 

[augubhai]

ok. saw the news on moneycontrol. 50 bps hike

 

[PGDIMES]

There is nor real time discussion here. What happened? Why did it fall? Lucky I had a Stop Loss.

RBI has given an unpleasant surprise... Good that you kept a stop-loss... another bout of selling may come in the afternoon... 50 bps rise!!! OMG!!!

 

[PGDIMES]

RBI = Reserve Bear of India...