no one going to earn even single rupee day trading

[abhiwhy]

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

i have to do nothing with intraday fluctuation of sectoral indices , but i look for technicals in daily chart , also i had posted a simple or beginning setup using 11 ema for selection of bearish and bullish signals in sectoral indices , i have mentioned that post several times . i use data of each and every indices of nse and bse and see the charts individually and use to select the perfect ones.

i use to see fii, dii net buying in equity and derivatives , but no idea about their sectoral investments , and even if i have such information i wold not look them ,i use simple methodology trade with one technique only and i have opted technicals and therefore i do not give any special emphasis on news and see only charts all time , because following several techniques at the same time not only causes confusion but also consumes lot of time and i also need to give time to my profession .

there is always a correlation with foreign markets ,but what news will cause what impact on prices on a specific time is very difficult , so go on reading our banking indices and scripts they will tell u all story , so why to waste time in analyzing those news.

 

[prasadam]

:thumb::thumb:

i have to do nothing with intraday fluctuation of sectoral indices , but i look for technicals in daily chart , also i had posted a simple or beginning setup using 11 ema for selection of bearish and bullish signals in sectoral indices , i have mentioned that post several times . i use data of each and every indices of nse and bse and see the charts individually and use to select the perfect ones.

i use to see fii, dii net buying in equity and derivatives , but no idea about their sectoral investments , and even if i have such information i wold not look them ,i use simple methodology trade with one technique only and i have opted technicals and therefore i do not give any special emphasis on news and see only charts all time , because following several techniques at the same time not only causes confusion but also consumes lot of time and i also need to give time to my profession .

there is always a correlation with foreign markets ,but what news will cause what impact on prices on a specific time is very difficult , so go on reading our banking indices and scripts they will tell u all story , so why to waste time in analyzing those news.

 

[nishant1011]

Dear Maruti & Abhi,

I am paper trading using your technique. I have few doubts :
1) at what time we should enter as 5 min bar completes or running?
2) if the market is trendy(eg . bullish) then in the beginning of the market fast ema is above slow hence we cannot enter as market is showing bullish trend!
3) most of the time ema and di+/di- crossover happens above the 40ema line when signal is for short and vice-versa is also true. i.e at above 40ema we should only look for long signals and ignore short signals. many times our setting confirm buy signal (meeting all the conditions) but very difficult to attain .50% target.
4) but if we consider only 40 ema. and buy when price goes above it and vice versa, it has shown very good results.

hope i am able to convey what i am asking you.

 

[abhiwhy]

Dear Maruti & Abhi,

I am paper trading using your technique. I have few doubts :
1) at what time we should enter as 5 min bar completes or running?
2) if the market is trendy(eg . bullish) then in the beginning of the market fast ema is above slow hence we cannot enter as market is showing bullish trend!
3) most of the time ema and di+/di- crossover happens above the 40ema line when signal is for short and vice-versa is also true. i.e at above 40ema we should only look for long signals and ignore short signals. many times our setting confirm buy signal (meeting all the conditions) but very difficult to attain .50% target.
4) but if we consider only 40 ema. and buy when price goes above it and vice versa, it has shown very good results.

hope i am able to convey what i am asking you.

1) better let the bar complete,
2)question not clear
3)ya true , happening of all condition as mentioned by maruti is relatively difficult but i observed some good performances, there may be stock selection not proper by u , go to previous posts i have mentioned some rules for stock selection and proper trading direction, also maruti brother was talking about 0.25 % target and 3 trades per days strategy to attain similar profit at the end of the day .
4)if u want to use 40 period ema only, nothing is bad but in a rather range-bound market u may face lot of whips or false signals , so if u can predict better with the help of ,market sentiment , other indicators , divergence, volume etc, better go with 40 , 5o or 55 period ema .( i personally prefer 55 period sma in 5 min tf) i had also posted a chart in previous pages u can go and check .

best of luck and good night :thumb:

abhi

 

[SREENAN]

Amazing Abhi...Keep it up!!!!!!!
Sreenan

 

[nishant1011]

1) better let the bar complete,
2)question not clear
3)ya true , happening of all condition as mentioned by maruti is relatively difficult but i observed some good performances, there may be stock selection not proper by u , go to previous posts i have mentioned some rules for stock selection and proper trading direction, also maruti brother was talking about 0.25 % target and 3 trades per days strategy to attain similar profit at the end of the day .
4)if u want to use 40 period ema only, nothing is bad but in a rather range-bound market u may face lot of whips or false signals , so if u can predict better with the help of ,market sentiment , other indicators , divergence, volume etc, better go with 40 , 5o or 55 period ema .( i personally prefer 55 period sma in 5 min tf) i had also posted a chart in previous pages u can go and check .

best of luck and good night :thumb:

abhi

Thanks Abhi,

In second question, I mean to say ema crossover dose not happen so we cannot trade. Is is right.

should ema crossover and di+/di- crossover happens exactly at the same time? if 2-3 bar difference can be consider than which one should cross first.

If u can post a chart (EOD) with all condition happens, that will be very helpful to us.

which strategy u r using right now, ur orignal of some other one

Is DMI and ADX is same indicators.

If Maruti's method is for .25% target, which one should we use for .50% target. (sorry for asking this que again, I am a bit confuse)

for the beginning can u help me out with the stock i can observe.

thanks
Nishant

 

[abhiwhy]

Thanks Abhi,

In second question, I mean to say ema crossover dose not happen so we cannot trade. Is is right.

should ema crossover and di+/di- crossover happens exactly at the same time? if 2-3 bar difference can be consider than which one should cross first.

If u can post a chart (EOD) with all condition happens, that will be very helpful to us.

which strategy u r using right now, ur orignal of some other one

Is DMI and ADX is same indicators.

If Maruti's method is for .25% target, which one should we use for .50% target. (sorry for asking this que again, I am a bit confuse)

for the beginning can u help me out with the stock i can observe.

thanks
Nishant

1) right if following 315 + 40 period moving average strategy or maruti setup. 2) it is very unlikely that all crossovers will take place at the same time , just look for all crossovers and trade .
3)i will place today
4)earlier i was using only dmi indicator sets as stated by technique , but presently due to over range bound market either i don't trade or follow bollinger bands , u can see columbus thread about bollinger bands , it will give u better ideas about this setup .
5) answer to this question, i m posting in detail in next post because several people ask it .
6) there is no fixed stock it canges and i have already posted the procedure for its selection, but i will post some good stocks today after analyzing market conditions .

 

[abhiwhy]

adx indicator is used for knowing about trending or ranging market it do not have any direction , but it is generally plotted with DMI indicators as shown below

dmi incators is of two types called (+di and - di) or (+dmi and -dmi ) ,

there is a good explanation here ,go to following link for more and better information about adx and dmi indicators and techniques to trade them

http://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp

 

[abhiwhy]

here is example chart of icicibk. in 5 min tf.

 

[MARUTIMANE]

Dear All,

Now days market are testing our ability to but if we follow the strict rules which is specified by system (ADX Cross over,315 crossover, 40 period ema, and stock cross over) we definitely gain there is no way to loose money in this market also. Please find attached chart of todays Nifty which has given clear cut signals for long and short and we have achived our small target.

Please wait for signals then day will be yours.

Thanks and regards

Maruti Mane