no one going to earn even single rupee day trading

[rajputz]

well

i saw a guy using rsi 5 10 setting...when 5 cuts 10 & is above go long or vice versa...still need to test it for intraday


regards,
rishi

the main problem working with RSI is at the time of breakouts. breakouts that are not expected.

for eg. consider an example. the RSI is at 48 entered from the overbought region to the selling region now. a person is trying to sell here. and at the particular moment the stock starts moving in the opposite direction and the breakout occurs. at that time the RSI indicators change their values. what i mean is that when you entered the sell trade the RSI was Entering from above to below. but as soon as the breakout occurs, you notice that the new rsi values formed are totally different now. the same position u entered that time is now showing the RSI entering the buy region from below to above.

this is serious problem i have faced of RSI at time of breakouts.

 

[nns6]

nse and bse have sectoral indices which tells about the overall sectoral growth by just looking at them , if u found that auto and it are most bullish and real state is most bearish , then try to find out which particular scripts are most bullish and leading the rally , or the crash , suppose u got tatamotaor and maruti , infosys ,and tcs most bullish and unitech and dlf most bearish .

so we
have got a good set of stocks to trade , when nifty is positive in daily and intraday chart we will pick buy signals in most bullish scripts and if it is bearish in daily and intraday chart we will try to short all bearish scripts

it is because if u will observe above mentioned result minutely u will find ur selected most bullish scripts are among top 10-20 gainers and most bearish scripts u selected are coming in top 10-20 losers in a bullish and bearish day respectively , and on any falling day minimum fall would be there in bullish scripts and maximum fall in most bearish scripts , similarly on any bullish day bullish scripts will record new highs where as bearish scripts will be unchanged or slow movers.

never think that if nifty is not moving then no script is moving , they are moving but there are some scripts which are retarding the speed of main indices .

there are several sectoral indices on bse and nse for example bse have following sectoral indices .

BSE Auto Index
BSE BANKEX
BSE Capital Goods Index
BSE Consumer Durables Index
BSE FMCG Index
BSE Healthcare Index
BSE IT Index
BSE Metal Index
BSE Oil & Gas Index
BSE Power Index
BSE Realty Index

u can download FREE data of nse , bse scripts and indices , using Heman's get braviacopy (if u don't want to pay money ) . also i don't think either pib or the i chart is sufficient to serve ur purpose , why not u download the amibroker unregistered verson (its also free) and use that data for more studies .

regards

abhi

Now I appreciate your strategy. Good. But in day trading you can still make attractive inclme. I will give a seperate strategy shortly for successful day trading. Thanking you. nns6.

 

[rajputz]

Now I appreciate your strategy. Good. But in day trading you can still make attractive inclme. I will give a seperate strategy shortly for successful day trading. Thanking you. nns6.

waiting for your strategy man

 

[manojsahu175]

@ABHI

Hi,
I recently opened a demat cum trading account @ Religare Race Pro.
It has live streaming quotes and Intraday n EOD charting facility. But if I click on any Intraday Chart for any technical indicator like MACD, ADX, +DI/-DI, etc. it won't display any indicator chart except the "Volume" indicator.

Now, My question to all member who are using it or able to answer that Do the Religare RACE pro platform does not have any facility to show technical indicator or I am making mistake there.

If it shows tech indicator on ur platforms, please do tell me how to resolve the problem.

I opened this a/c for doing tech analysis on RACE platform but if it wont work, should I open another a/c at SHAREKHAN Trade Tiger.

can I run both terminal viz. Race-pro & trade tiger simultaneously on one system at a time, trade tiger for doing tech analysis and Religare Race pro for trading as it has very less brokerage (trump super a/c: rs 2500 adv brokrg/12 months: delivery 0.25% intraday 0.025%)

Dear Abhi....Is there any other effective indicator other than ADX(+DI & -DI), by which I can trade using ur funda of ABHI FUND..coz I am unable to manipulate through ADX charting as it is not available on my trading platform of Religare Race Pro..Plz suggest me other effective Indicator that gives BUY/SELL signals...and as accurate as ADX...
Other seniors and members are also welcome with there guideline to me plzzzz......plz guys...sort out my trouble...plzzzzz

 

[rajputz]

@ABHI

Hi,
I recently opened a demat cum trading account @ Religare Race Pro.
It has live streaming quotes and Intraday n EOD charting facility. But if I click on any Intraday Chart for any technical indicator like MACD, ADX, +DI/-DI, etc. it won't display any indicator chart except the "Volume" indicator.

Now, My question to all member who are using it or able to answer that Do the Religare RACE pro platform does not have any facility to show technical indicator or I am making mistake there.

If it shows tech indicator on ur platforms, please do tell me how to resolve the problem.

I opened this a/c for doing tech analysis on RACE platform but if it wont work, should I open another a/c at SHAREKHAN Trade Tiger.

can I run both terminal viz. Race-pro & trade tiger simultaneously on one system at a time, trade tiger for doing tech analysis and Religare Race pro for trading as it has very less brokerage (trump super a/c: rs 2500 adv brokrg/12 months: delivery 0.25% intraday 0.025%)

Dear Abhi....Is there any other effective indicator other than ADX(+DI & -DI), by which I can trade using ur funda of ABHI FUND..coz I am unable to manipulate through ADX charting as it is not available on my trading platform of Religare Race Pro..Plz suggest me other effective Indicator that gives BUY/SELL signals...and as accurate as ADX...
Other seniors and members are also welcome with there guideline to me plzzzz......plz guys...sort out my trouble...plzzzzz

try ventura...it has all the needed indicators plus u can get brokerage upto 0.01% for intraday and 0.10% for cash...choose ur own pack that suits you....

 

[abhiwhy]

@ABHI

Hi,
1) I recently opened a demat cum trading account @ Religare Race Pro.
It has live streaming quotes and Intraday n EOD charting facility. But if I click on any Intraday Chart for any technical indicator like MACD, ADX, +DI/-DI, etc. it won't display any indicator chart except the "Volume" indicator.

2) Now, My question to all member who are using it or able to answer that Do the Religare RACE pro platform does not have any facility to show technical indicator or I am making mistake there.

3)If it shows tech indicator on ur platforms, please do tell me how to resolve the problem.

4)I opened this a/c for doing tech analysis on RACE platform but if it wont work, should I open another a/c at SHAREKHAN Trade Tiger.

5)can I run both terminal viz. Race-pro & trade tiger simultaneously on one system at a time, trade tiger for doing tech analysis and Religare Race pro for trading as it has very less brokerage (trump super a/c: rs 2500 adv brokrg/12 months: delivery 0.25% intraday 0.025%)

6) Dear Abhi....Is there any other effective indicator other than ADX(+DI & -DI), by which I can trade using ur funda of ABHI FUND..coz I am unable to manipulate through ADX charting as it is not available on my trading platform of Religare Race Pro..Plz suggest me other effective Indicator that gives BUY/SELL signals...and as accurate as ADX...
Other seniors and members are also welcome with there guideline to me plzzzz......plz guys...sort out my trouble...plzzzzz

1) I USE TO HAVE AN ACCOUNT IN RELIGARE BUT AT THAT TIME THERE WERE NO INTRADAY OR HISTORICAL CHARTS , PRESENTLY WHAT HAPPENING , NO IDEA ????? IT MAY POSSIBLE THAT THESE INDICATORS ARE NOT PRESENT OR MAY BE U ARE NOT ABLE TO OPEN THEM .

4) OPENING ACOUNTS IS NO MORE SOLUTION TO TECHNICAL ANALYSIS , ANY TRADING TERMINAL IN INDIA IS NOT SUFFICIENT FOR TECHNICALS . ( THESE ARE NOTHING OTHER THAN BOY'S TOYS) YET IT MAY HELP PEOPLE FOR GETTING IDEA FROM CHARTS AND AVAILABILITY OF CHARTS AND SOME LIGHT INDICATORS MAY HELP ANYONE BUT FOR SERIOUS TECHNICAL ANALYSIS U NEED CHARTING SOFTWARES LIKE AMIBROKER , METASTOCK , ADVANCE GET OR AT BEGINNING OR INITIATING LEVEL AT LEAST F - CHARTS .

5) IF U THINK U R PAYING VERY LESS BROKERAGE THEN IT IS NOT SO U CAN GET RELATIVELY BETTER BROKERAGE RATES WITH NO ADVANCE BROKERAGE OPTIONS EASILY .

6)THERE ARE MANY TECHNIQUES , ACTUALLY I CAN EARN 1/2% OR 0.50% OR MOREPROFIT TARGET EVEN BY USING BOLLINGER BANDS , MOVING AVERAGES SETS, RELATIVE STRENGTH INDEX , DMI INDICATOR ETC. (GO TO PREVIOUS PAGES SOME HAVE BEEN ALREADY EXPLAINED) BUT PROBLEM ARISES WHEN U HAVE TO TELL ANY ONE THEN U NEED TO MAKE A COMPLETE /PERFECT SET UP WHICH IS RATHER DIFFICULT , BECAUSE IF U PRESENT ONE TRADING SET UP IN 1 POST , THEN NEXT 15 CONTINUOUS POSTS WILL PROVE U WRONG , AND U CAN NOT GIVE UR MIND SET UP AND COMMONSENSE TO SOME ONE , AS U R NEW TO TECHNICALS FIRSTLY TRY TO LEARN ABOUT INDICATORS , CHART PATTERNS ETC . DON'T BE IN SO HURRY ,
( PAISE KAHI BHAGE NAHI JA RAHE HAI, MARKET HAMESA YAHI RAHEGI ) ,

I M TELLING U THIS BECAUSE , IF U HAVE KNOWLEDGE AND EXPERIENCE WITH TECHNICALS THEN U CAN JUDGE THE MARKET FROM SEVERAL ANGLES AND CHANCES OF UR SELECTION OF RIGHT SIGNALS FROM ANY SYSTEM BECOMES MORE AND CONFIRMED .

PEOPLE WANT READY MADE HOLY GRAIL SYSTEMS WHICH IS NOT POSSIBLE .
:thumb::thumb::thumb:

 

[abhiwhy]

If market seems bearish in intraday

select or take short signals only in banking stocks from tomorrow .(ignore long signals )

if market seems a bit bullish u can pick buy signals in IT stocks .

 

[dineshknp]

hi abhi, downloaded the demo of amibroker, downloaded the intraday 1 min data from investbulls. is there any way to confirm which scripts gave signals according to your strategy?

 

[Rkji]

hi rajputz

i use sharekhan' s trade tiger & along with the ma' s wish to test stochastics indicator.

in my terminal it gives following option for stochastics...pls check if i have written correct values also posted in pic below :-

Avg Type : S
Avg Period : 3
%K Period : 10
%K Slow : 3

overbought at 92
oversold at 2

i understand %K shows rising trend & %D as falling but i don' t have K & D...instead as you see above its %K period & %K slow.....is it the same thing ? picture below

regards,
rishi

My strategy works mainly with stochastic. I use RSI as an extra factor to identify the trend of the market and the particular stock.
The setup i use for both the indicators is:-
1. Stochastic 10,3,3 S(simple) with upper average line (overbought at 92) and lower average line (oversold) at 8.2. RSI 14, E(exponential) with single average line of 50 only.
In my 1st opinion 1 minute chart is best to trade for intraday as it has short entry and exit for both buy and sell trades. I use 5 minute chart once in a while to check if the share is going to move north or south according to stochastic. And the entry time should be 10:30 so that trend can be clear. According to 5 minute charts, the time is 11 onwards.

And in second opinion, I have observed that most of the breakouts occur when the stochastic is in 60-85 regions and 40-15 region, either upside or downside. The chart is in document provided at the bottom


The upper shoot occurs most of the time when stochastic enters in 60-80 region from below and downside shoot occurs when it enters from above in region 40-15. Now I dont say that shoot will occur most of the time. But it is possible that shoot occurs in this region.
Now if you consider the market up or down then act accordingly. For the up trending market the buy should be made when the stochastic is below or at 8(oversold region) and for the sell it should be above 92 or at 92.

In a fluctuating market we can trade buy and sell for the same share.

Green was my buy, red exit and blue was stoploss(everybody defines his own stoploss)

RSI -I use RSI when I check the chart in 5 minutes candle sticks. If the stochastic are moving up with rsi above 45 entering from below then it is uptrend. And if RSI is below 55 entering from above and stochastic are moving down then its downtrend.

Any queries or modification then please tells me. Other thing I do is I select my own stock on historic data and determine their trend.

The above method is working for me for last 1 month. I dont prefer RSI much in it, rather then only determining the trend. I buy when stochastic crossed 8 and sell when it is on 92.

to see the chart also...download the attachment.

 

[rajputz]

hi rajputz

i use sharekhan' s trade tiger & along with the ma' s wish to test stochastics indicator.

in my terminal it gives following option for stochastics...pls check if i have written correct values also posted in pic below :-

Avg Type : S
Avg Period : 3
%K Period : 10
%K Slow : 3

overbought at 92
oversold at 2

i understand %K shows rising trend & %D as falling but i don' t have K & D...instead as you see above its %K period & %K slow.....is it the same thing ? picture below

regards,
rishi

Hi Rishi,

Over sold is at 8....

the setup is correct .but what i see in the image is that you have put the stochastics on monthly charts frm May to present date.

stochastics setups of 92-93 and 8-7 i have told, work purely for intraday. when u use it on that long monthly chart then the setup of 80 and 20 work fine...also on that long chart u should have atleast three indicators that should be giving you buy or sell signal for the particular stock.

reason being that the intraday market is highly fluctuating going up or down. on single day data these setups works at 92 and 8, but when u look at monthly data u will notice that there are no major breakouts and a particular down or uptrend is going on. in monthly data market goes smooth. its good to use at least three indicators(According to me) to take a decision for buy and sell.

actually i have not worked on sharekhans trade tiger.

if you have intraday charting facility with 1 or two day back data then the setups of stochastic 92, 8 - Simple, 10, 3, 3 works.
but if on your intraday chart monthly back data is also provided then u should try the following setup: -
1. Stochastic, 10,3,3 - Overbought 80, Oversold 20
2. RSI -14 E
3. 5 EMA, 10EMA

enter long when 5 EMA crosses above 10 EMA
RSI is rising above 50 from below
Stochastic is rising upside.
or
enter short when 5 EMA Crosses below 10 EMA
RSI is going below 50 from above
stochastic is going downside
only enter when these three conditions meet on monthly charts.

the above setup provide long signal about the particular stock.
try the above setups on your chart provided(unitech). see where you get all the three signals.

try this setup

for single intraday chart 92-8, 10,3,3 work fine.

waiting for your reply