Trading as a part time profession.

[avinashtiwari22]

Hi,

What are the values for the Filter (F and AddF) you are using.

Is there any Logic behind the Value?

Avinash

 

[rajendrani]

well done , raj ...very well trade ..

but i didn't see you adding to your initial position ..adds are very important ..they makes difference even if we have same no. of win & loss trades...

best wishes..

vineet

ADDs the more polished term for AVERAGING is good if couple of ADDs are
considered in day trading.

Thanks vineet and columbus, will seriously look into Adding to the postion. Also special thanks to saint sir, for explaining the logic behind adds.

Regards,
rajendrani

 

[rajendrani]

Hi,

What are the values for the Filter (F and AddF) you are using.

Is there any Logic behind the Value?

Avinash

Avinash, yes there is logic behind the value, and the logic is that we dont enter or exit a false trade and above the value of that Filter I guess it depends from people to people as to what value they should use, the best possible answer for any person for this is backtesting the system first to suit one personality, if comfortable with particular value then that value will become the Filter.

Any member following the 60 min flow and the miniflow will not discuss much about the Filter thing, because they come to their own value after lot of backtesting. Its advisable for you to do the same and then enter, because no system is perfect.

Thanks and regards,
rajendrani

 

[rajendrani]

Thanks very much for ur charts.Pls post ur daytrading charts daily so that we can learn daytrading from u.Its good to see that u apply pivot method for daytrading.
Regards
Raja

Thanks raja, but daytrading for me everyday is not possible and this was the prime reason as to why this thread was started. But as and when I get time for day trading, I will surely post my chart.

Thanks and regards,
rajendrani

 

[avinashtiwari22]

Avinash, yes there is logic behind the value, and the logic is that we dont enter or exit a false trade and above the value of that Filter I guess it depends from people to people as to what value they should use, the best possible answer for any person for this is backtesting the system first to suit one personality, if comfortable with particular value then that value will become the Filter.

Any member following the 60 min flow and the miniflow will not discuss much about the Filter thing, because they come to their own value after lot of backtesting. Its advisable for you to do the same and then enter, because no system is perfect.

Thanks and regards,
rajendrani

Thanks a lot for the explanation Rajendrani,

Avinash.

 

[raj_caps]

your strategy is simple how do u construct pivot points

 

[rajendrani]

your strategy is simple how do u construct pivot points

http://www.traderji.com/technical-analysis/6072-teach-man-fish.html

 

[fjl24]

Hi Rajendra & All seniors and friends on this thread

Thanks for sharing your trades and experiences.

Just a novice/newbee question from me.

If i want to trade the nifty/sensex like any other share for any time frames - i.e. 5min,60min,day-trading,swing trading or position trading - but for a time frame of less than a month i.e. before expiry of that months F&O positions what is the script that i need to trade on (Nifty/Sensex code) I have observed on the charts the name Nifty_F1 appearing. Would appreciate if someone could enlighten me on this.

I vaguely know that we need to trade on the Nifty - F&O segment, but am not sure on which one as there are various codes - i.e. calls,puts etc etc. would sincerely appreciate if someone can just enlighten me the specific code on the Nifty also is there something similar for the BSE - Sensex?

Do by any chance i need to trade on the put/call options seperately depending on whether i need to go short or long or is there just one option for both taking long and short positions.

What precautions do i need to take into account which trading the Nifty/Sensex - for instance the open trades etc.

If there is any material giving theoretical coverage to the above questions then would be happy to be directed to the relevant thread on traderji.com.

Please excuse me if i have used any wrong terminologies which trying to express myself to clarify my question/doubt.

Thanks in advance
Best Regards & Happy Trading To you all
Floyd

 

[columbus]

Hi Rajendra & All seniors and friends on this thread

Thanks for sharing your trades and experiences.

Just a novice/newbee question from me.

If i want to trade the nifty/sensex like any other share for any time frames - i.e. 5min,60min,day-trading,swing trading or position trading - but for a time frame of less than a month i.e. before expiry of that months F&O positions what is the script that i need to trade on (Nifty/Sensex code) I have observed on the charts the name Nifty_F1 appearing. Would appreciate if someone could enlighten me on this.

I vaguely know that we need to trade on the Nifty - F&O segment, but am not sure on which one as there are various codes - i.e. calls,puts etc etc. would sincerely appreciate if someone can just enlighten me the specific code on the Nifty also is there something similar for the BSE - Sensex?

Do by any chance i need to trade on the put/call options seperately depending on whether i need to go short or long or is there just one option for both taking long and short positions.

What precautions do i need to take into account which trading the Nifty/Sensex - for instance the open trades etc.

If there is any material giving theoretical coverage to the above questions then would be happy to be directed to the relevant thread on traderji.com.

Please excuse me if i have used any wrong terminologies which trying to express myself to clarify my question/doubt.

Thanks in advance
Best Regards & Happy Trading To you all
Floyd

Hi Floyd,

Just like EQUITY you can add FUTURES to your MARKET WATCH.

F.1 Stands for Futures 1.month(Current Month).Of course it is more popular than F.2 and F.3.

Instead of starting NIFTY futures you can try you luck with MINIFTY(mini nifty) whose lot is just 20 against 50 of Nifty.

Self learning is the best learning.For few fundamentals you can rely on books
otherwise you have TRADERJI ,which can open doors always.

 

[fjl24]

Hi Floyd,

Just like EQUITY you can add FUTURES to your MARKET WATCH.

F.1 Stands for Futures 1.month(Current Month).Of course it is more popular than F.2 and F.3.

Instead of starting NIFTY futures you can try you luck with MINIFTY(mini nifty) whose lot is just 20 against 50 of Nifty.

Self learning is the best learning.For few fundamentals you can rely on books
otherwise you have TRADERJI ,which can open doors always.

Dear Columbus

Thanks a million for your quick response and providing me with the lead.

Just finished reading Saint's - Teach a man to Fish........ adding on each day to my trading knowledge by reading various threads on this forum and other TA books recomended by our seniors on this forum - Thanks to Traderji.com and all our senior members who are our guiding stars and who have been sharing their knowledge with us.

As Rajendra is applying Saint's method for his trading - I hope now to be able to understand what he and you all write on this particular thread better than ever before.

Will check out both the Nifty_F1 & MinNifty to begin with and search NSE website & Traderji.com for further inputs based on the lead provided by you.

Thanks a million once again
Best Regards & Happy Trading
Floyd