Thoughts on Day/Swing Trading Part 2

[Gaur_Krishna]

ST da,

As you have given nice strategy for day trading by using 60/30/20or21 SMA, I am trying to extend the same concept for swing with higher TF, so these questions.... These questions are pending.

Regards,
Gaur_Krishna

ST da,

Thanks for sharing trades on charts as well. I have some doubts:

1. Like SWIFT, if we have to plot MA line to indicate long term trend, what MA (I mean 60MA , 30MA etc) is OK for hourly candle?

2. Can these trades be taken mechanically? I mean, as we know previous pivot low, can we just place a buy order below the PL (+filter of 5 in BNF) and once it is filled, place SL at previous PH?

3. How to avoid getting into ranging period, because if place order during formation of hourly candle and if BNF getts rangebound, are we supposed to continue till trend resumes or SL hit?

4. Also, thanks for input on ADX above 20 to mark trending period. Do you use default period of ADX(14) for 5 min, hourly & daily?

Regards,
Gaur_Krishna

 

[friendforevers0007]

Dear all seniors like ST da ,Hem,vjay, raj and all traders i am doing some testing it will be very helpful if you please reveal the average points per trade in nifty alone for past few months.... Thanks all

 

[Smart_trade]

Dear all seniors like ST da ,Hem,vjay, raj and all traders i am doing some testing it will be very helpful if you please reveal the average points per trade in nifty alone for past few months.... Thanks all

I did some analysis of my intraday Nifty Futures trades . My success ratio is 55 %. So in every 2 trades I win 1 trade and loose on 1 trade. In loosing trades I have included those trades in which I got out early( scratch trades where I got out in 3-4 points ) as per my trading system though the trade may not have hit the stoploss. My average loosing trade is 8 points and average winning trade is 24 points. I normally have 2 trades in a day...sometimes 3 or 4 . Assuming 2 trades in a day and one looser and one winner, my average points per day in Nfity futures come to 24-8 = 16 points

The figures above are average figures.This data I worked on 3 months so the sample size is not very large to get any definite trends, but thought it may help you.

Smart_trade

 

[Smart_trade]

The figures above are average figures. They are not everyday figures. On some days I make 3 trades and end up loosing 6-8 points....on some days on 2 trades I make 40 points. But as I have extremely tight risk control, my loosing day will never be more than 12-15 points at worst.Normally it is below 10 points.

ST

 

[friendforevers0007]

The figures above are average figures. They are not everyday figures. On some days I make 3 trades and end up loosing 6-8 points....on some days on 2 trades I make 40 points. But as I have extremely tight risk control, my loosing day will never be more than 12-15 points at worst.Normally it is below 10 points.

ST

Tx alot sir ji meraa kaam ban gaya

 

[Smart_trade]

Tx alot sir ji meraa kaam ban gaya

Brother, kuchh behtar system dhoondhi hogi to hame bhi sikha dena....

ST

 

[friendforevers0007]

Sir ji aap se hi toh sikha hah par is method mein testing full baaki hah i did for 2 months in my personal account fot average near 20 i got it mein jaldi reveal karunga aur live trades bhi post karunga

 

[SR_TA]

ST da, any suggestions on how to deal with volatility like todays? any indicative trades you would take?

Gapped up above the supply zone giving positive signs.. Giving a strong indications of bull move.. when did it show weakness? where would you take short if anyone trading 5/15?

too much of volatility to understand..

 

[VJAY]

Dear all seniors like ST da ,Hem,vjay, raj and all traders i am doing some testing it will be very helpful if you please reveal the average points per trade in nifty alone for past few months.... Thanks all

Dear friend,
I had my trades in file...will calculate trades/avg will post it tommorrow...

 

[VJAY]

The figures above are average figures. They are not everyday figures. On some days I make 3 trades and end up loosing 6-8 points....on some days on 2 trades I make 40 points. But as I have extremely tight risk control, my loosing day will never be more than 12-15 points at worst.Normally it is below 10 points.

ST

Wow great ST da....I think you are trading in 5 min trf...still your worst is 12-15 points !!!!!!!!!!Please share some of your tricks when close position in freek ...means exit pos when it not go in our direction though you allready shared many tricks

Also is any excell file available to test out method ?means get report like avg wins/loss...etc...