As i am dumb & reaction time is more so i have made a Set up with colors so even a dumb like me can
follow.I normally dont trade Nifty Fut my favourite is Stock Futures.
How to interpret the charts:=
1) On The Last bar of the Previous Day " A GENERAL TREND BIAS " is displayed at specific price level
It has 2 Dots White & Green
a) If the Green dot is above White one then the Day's Trend is (-) ve Bias & vice versa.
b) Position sizing will be double if present price is above this bias level for Longs & double for Shorts if
the present price is below this bias level.
b) If both are on same price then very strong trend ( means position sizing is more means 4 times
becoz risk is less)
2) The 4 color band is the " MOB "( Make or Break)
a) This MOB if broken from up ; means price penetrates this MOB & goes down then Buy Trend reversed
b) If this MOB is broken from below then Short trend is reversed.
c) Never initiate any position when Price is Flirting in between this Bands & we will only take our decision
at the 1st retracement or pull back after this levels are penetrated.
a)This band is a confluence zone if price is below this then generally we will Short if Price above this then
we will long But if this Bands are below GENERAL TREND BIAS & price below MOB then the Longs
(position sizing will be half in my case only 1lot)
GENERALLY PRICE WILL COME NEAR MOB AT SIFNIFICANT TREND REVERSAL TIME OTHERWISE
daily we will get "General Trend Bias"
Now in the begining of the day at 9.56's 1st bar input we know the Bias & Position sizing is known
Risk for Long & Risk for Short is told to us.
Now we will initiate Orders by looking at the color of the bar.
3) The color of the bar will tell us what to do;
a)if red then sell if blue buy but if black bar ( without color) negates the earlier color or trend.
b) So we will take position at 9.56 only after the black bars on the 1st color bar.
c) SL is below the Low of the earlier Black or non color Bars lowest low.
d) We will bring the SL up for Longs & down for Shorts on the 1st sign of black or non color
bar to the immediate bar's High or Low.
There are 10 charts of 1min from 17th 9.56am's bar till today's 3.27's bar. for your perusal ,till date i
have never given this systems chart today being an Auspicious day of Maha - Ashtami i bring this out.
http://www.4shared.com/file/26867889/31dd9c52/Nifty_Fut_1min_10_charts.html
] tried 2 times ashish da... can u plz try to upload it @