Today's Buy Levels

[uasish]

Re: Todays Buy Levels

JP Associate Fut 1min chart

 

[uasish]

Re: Todays Buy Levels

As per the system there where few more Long signals ,just showing one in 5mins chart of JP Associate Fut.

 

[uasish]

Re: Todays Buy Levels

Educom Fut where it signalled the Long in 5mins chart.

 

[uasish]

Re: Todays Buy Levels

The same system works in many TF this is Aban Fut 15mins (holding 1 day)

 

[uasish]

Re: Todays Buy Levels

So simple MA & MACD (construction is different) can give us Profit in Intraday.A 'Quant Module' can be made (i have a little knowledge how to do so) to Mistify it but it is avoided here only to point out a little bit of conceptual change & lots of Unlearning can give us very simple things.
For last 2 days i am deliberately showing this MACD & MA.

 

[doctorrahul]

Re: Todays Buy Levels

WOW !! Great piece of work.
I must say that this thread by Uasish is masterstroke.
hope i will learn real intraday trading.

thanks.

 

[biyasc]

Re: Todays Buy Levels

Educom Fut where it signalled the Long in 5mins chart.

hi asish, by following your system (with little modification) i got rs.40/share in axis bank. thanks.

 

[newbee]

Re: Todays Buy Levels

Basing on this particular system where the MACD if below zero & above the Signal Line along with the Price staying above Green Line then we could have taken a trade but at 3.00 pm both was not in sync.

Yes i close all my open trades before 3.29 but i do not hesitate to take trades even at 3.25 if there is a signal.

Hello uasish

Thanks for the feedback.

I had chosen 3:15 as windup time, no complex reasoning, just arbitrarily, maybe with a bit more of experience will extend it to 3:25, but for the time being will avoid taking up a new trade after 3:10-15, again just personal preference.

You mention that you are using modified MACD, and a MA, the MA you are using is the standard version or also customized one.

I have not started using indicators, just collecting notes for future reference. Hope it all comes back when I need it. (Learned this phrase from you, you mentioned it on other thread)

Hope the preparations are coming off well for the big event in your family. All the best.

Thanks
nb

 

[karthickdoss]

Re: Todays Buy Levels

Asish,
How important is a system? I do trading without any system, simply looking at levels a stock can find resistance and support and looking at candlestick patterns.
I don't know if it is dangerous to trade this way ?
Your experience can help me in this...
All this "system" discussion is scaring me...

-Karthick.

 

[uasish]

Re: Todays Buy Levels

Hello uasish

Thanks for the feedback.

I had chosen 3:15 as windup time, no complex reasoning, just arbitrarily, maybe with a bit more of experience will extend it to 3:25, but for the time being will avoid taking up a new trade after 3:10-15, again just personal preference.

You mention that you are using modified MACD, and a MA, the MA you are using is the standard version or also customized one.

I have not started using indicators, just collecting notes for future reference. Hope it all comes back when I need it. (Learned this phrase from you, you mentioned it on other thread)

Hope the preparations are coming off well for the big event in your family. All the best.

Thanks
nb

Customised.
Regarding the big event,now my son has also reached kolkata hence it is absolute Happy Time mayhem going on,my wife is feeling proud to have two good adult by her side on her every beck & call .(i am being neglected except for the refueliing of her Add On Cards)