Nirvana - The Discussion

[Bewinner]

Traderszone..6th jun was the trending day as far as I remember

 

[sr114]

Bewinner

look how LH in negated and prices travel northwards in case of bank nifty

BNF

sr

 

[Bewinner]

yes Sr114...but plz look at the HH there and see how it traversed...as u said yesterday..consider LL or HH for the entry..and any system gives buy or sell call after that just fine...

 

[Bewinner]

as chances of hitting SL is minimum and also SL is too small to bear ...but in a trending day u might get multiple time SL hit
but if u consider nifty I think still u can manage with 10-15 points...

 

[sr114]

yes Sr114...but plz look at the HH there and see how it traversed...as u said yesterday..consider LL or HH for the entry..and any system gives buy or sell call after that just fine...

It is not that just after the HH or LL is formed, u have to take an entry. see what ur system is saying along this visual representation of prices. what i intend to say is that a buy near a HH or a sell near LL is injurious. also HL or LH is formed through the day as the price action unfolds.

the HH or LL acts like our sl system in case of entry.

case of trail sl triggering in a trending day means the prices are reversing.

today the new buy signal in nifty is generated @5127+ and the LL @5097 acts as our sl - 30 pts gap and look that the trail sl in never triggered

u cud put a 21 MA of price to act as the natural sl indi. its superb in determining the sl

sr

 

[shivangi77]

Your Modified Nirvana gave higher profit ratio(in equity cash market) as compared to RocketJet, So far.
:clap::clap::clap::clap::clap:

 

[sr114]

Your Modified Nirvana gave higher profit ratio as compared to RocketJet, So far.
:clap::clap::clap::clap::clap:

Shivangi, actually logic of both are same, but the main thing is how u implement the stuff.

just take the signal and trade with a protective sl .

pls can u post am image of the chart u have in mind

i am posting the chart of nifty

nifty nirvana (5 min tf- white dot is the buy signal)

nifty fibo retracement (aqua square is the buy signal)

sr

 

[limbadri]

Hi Sir


Nirvana Sir we are copy tha data backfill but not update amibroker kindly tell me :rofl:

 

[sr114]

Hi Sir


Nirvana Sir we are copy tha data backfill but not update amibroker kindly tell me :rofl:

Limbadri Sir

i cud not understand ur query, what u want to do, copy the data or backfill the data? if u cud explain in layman's word then only an answer cud be found

sr

 

[prabhsingh]

look at the image. if u buy at HH then u r sure to be doomed and at LL if u short then also u receive the same treatment. what if am trying to say is that if buy signal comes and we buy we are also see the overall trend, where is the price is standing at that particular. is it making a HH or LL. if a HH is made price is sure to retrace back and we will face the consequences.

so this afl acts like a radar giving usthe direction for our trade.

see the chart and use the afl and then u can undetstand what i am saying

sr

Sr,

If an underlying Instrument is making HH and assuming that the overall trend is Up during that movement,are there any other factors which we can take into consideration which can give an indication as whether next movement taken during that particular time interval (5 Min,30 Min,Hour etc) will make more HH or retrace back?Are there any factor's which can give an indication that more HH or LL not possible now.