no one going to earn even single rupee day trading

[abhiwhy]

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?

then what is problem , it has all the needed indicator, revise the rules ones more and u will find crossovers .

 

[Rkji]

thank you so much for your detailed opinion raj

sorry for causing you lot of time....i was clicking shots on intraday chart only... when suddenly intraday data was gone...so just to let you see the current setting...i had to change chart to daily but i shall use your setting on intraday only

when you say Simple, 10, 3, 3, i hope according to my terminal, the setting is as below

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

%k period (K - rising), %K slow (D - falling).........is it correct understanding ?
i wonder why they have named %K as %K period & % D as %K slow

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

 

[rajputz]

thank you so much for your detailed opinion raj

sorry for causing you lot of time....i was clicking shots on intraday chart only... when suddenly intraday data was gone...so just to let you see the current setting...i had to change chart to daily but i shall use your setting on intraday only

when you say Simple, 10, 3, 3, i hope according to my terminal, the setting is as below

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

%k period (K - rising), %K slow (D - falling).........is it correct understanding ?
i wonder why they have named %K as %K period & % D as %K slow

regards,
rishi

%k Period 10
%k Slow 3
%D type S
%D period 3

 

[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 .

thats what i was talking about , see what happened today banking were a\ big loosers and it least , so always apply this kind of approach for stock selection , for longs and shorts , then no matter what u are using , adx , rsi , moving average , stoch or anything else , u will always be a winner .

best of luck :thumb::thumb::thumb:


abhi

 

[abhiwhy]

if u r going in right direction , no matter what path u chose , u will definitely get ur destination sooner or later , so try to go in right direction only .

 

[Rkji]

hi raj

1) %D period 3 is not available...that' s why i am wondering if my settings are fine ??
2) avg period is selected as 3 ??

pls see my settings pic once again

many thanks

regards,
rishi

%k Period 10
%k Slow 3
%D type S
%D period 3

 

[Rkji]

first of all abhi, let me congratulate you on that awesome prediction about banks :clapping:

abhi, i am getting into more details regarding how to choose most bullish / bearish scrips

how did you choose banks ? i understand several sectors are shown in my trade tiger terminal as well, but if yesterday autos & IT were among top gainers, tomm banks & realty might become top gainers..on what basis you filter data ? daily volume traded.....last 5 days top gainers or loosers or...?

i read last night about US banks gaining, doesn' t that have any impact on us ?

one reason is perhaps DII' s & FII' s have sold realty & banks heavily recently, but where do you see all this data..what sector they are buying & selling ? it only shows their net purchases or sales for a given day.

i tried stochastics today, but waiting for raj to correct my settings as i don' t see %D value..maybe will check with sharekhan cc in a moment...i found stochastics to be an awesome indicator when mkts are rangebound or choppy...as i saw the movements in unitech today on stochastics simple 3, %K peiod as 10 & %K slow as 3...%D missing...on 5 min timeframe...i got 45- 50 paise movement everytime

raj, thanks for introducing stochastics to me, now i know its worth it.

pls share your views on your filtering of sectors abhi. i am greatful to you for sharing your knowledge

regards,
rishi

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

 

[rajputz]

if u r going in right direction , no matter what path u chose , u will definitely get ur destination sooner or later , so try to go in right direction only .

In accordance to that there was also a news impact that might added to dip of banking stock....

the news said: -

that inflation has risen by 5% so RBI may reduce liquidity in money supply. this was the main news about the banking sector.

 

[rajputz]

first of all abhi, let me congratulate you on that awesome prediction about banks :clapping:

abhi, i am getting into more details regarding how to choose most bullish / bearish scrips

how did you choose banks ? i understand several sectors are shown in my trade tiger terminal as well, but if yesterday autos & IT were among top gainers, tomm banks & realty might become top gainers..on what basis you filter data ? daily volume traded.....last 5 days top gainers or loosers or...?

i read last night about US banks gaining, doesn' t that have any impact on us ?

one reason is perhaps DII' s & FII' s have sold realty & banks heavily recently, but where do you see all this data..what sector they are buying & selling ? it only shows their net purchases or sales for a given day.

i tried stochastics today, but waiting for raj to correct my settings as i don' t see %D value..maybe will check with sharekhan cc in a moment...i found stochastics to be an awesome indicator when mkts are rangebound or choppy...as i saw the movements in unitech today on stochastics simple 3, %K peiod as 10 & %K slow as 3...%D missing...on 5 min timeframe...i got 45- 50 paise movement everytime

raj, thanks for introducing stochastics to me, now i know its worth it.

pls share your views on your filtering of sectors abhi. i am greatful to you for sharing your knowledge

regards,
rishi

%D period in your sharekhan trade tiger is "average period"

i have matched the setting of your trade tiger. they are exactly right.

%D is Avg Period

 

[abhiwhy]

In accordance to that there was also a news impact that might added to dip of banking stock....

the news said: -

that inflation has risen by 5% so RBI may reduce liquidity in money supply. this was the main news about the banking sector.

true , and obvious, but price have all the information , whether u know it not it does not makes any difference , even price can tell u any upcoming news , and thats why market is an indicator to economy and responds before any big news or economic data comes in ur eyes .