Trading Nifty by Levels

[rammmeo]

Rammeo,

Sorry SL for me is very tight, moment i see 2-3 points going against my direction, i am out of it...I can't afford to lose until TECHNICAL SL is hit and then come out.

Hence before entering i make sure either in my direction or just out of it immediately... One more burning point for me is Brokerage hence can't think of long SL...

buddy 2-3 points
means for allhabad bamk if u say it was 128 short wht will be ur SL than
bcz i am facing very much prob in keeping SL

 

[athreya]

Shorted Alllahabad bank as macd showing -ve....just opened

Out of Allahabad at 126 ...shorted at 131... :thumb:

 

[rammmeo]

Out of Allahabad at 126 ...shorted at 131... :thumb:

how many u shorted

 

[athreya]

buddy 2-3 points
means for allhabad bamk if u say it was 128 short wht will be ur SL than
bcz i am facing very much prob in keeping SL

Rammeo,

Ok... if i short at 128 and assuming MACD is perfect and 3 EMA is also down, then i would wait for 2-3 points or even 4 points..126-124.But if MACD is somewhat showing little -ve divergence then its better to get out than risking ...maybe 126 itself i am out... This is my stupid method of trading...:lol:

 

[athreya]

how many u shorted

Hmm...i am not a big guy... 1000 shares...1 lot only

 

[rammmeo]

Rammeo,

Ok... if i short at 128 and assuming MACD is perfect and 3 EMA is also down, then i would wait for 2-3 points or even 4 points..126-124.But if MACD is somewhat showing little -ve divergence then its better to get out than risking ...maybe 126 itself i am out... This is my stupid method of trading...:lol:

what is this 3 EMA
do u mean exponential avg
and how u did it is down or up
sorry for asking so many ques

 

[timepass]

Hello Khushi, I am getting the following error since yesterday (shown in the picture). Maybe some problem with my connection or maybe some problem with the url. Is it possible to change auto-refresh to manual refresh ? This is disturbing working with other excel sheets.

 

[athreya]

what is this 3 EMA
do u mean exponential avg
and how u did it is down or up
sorry for asking so many ques

Oh thats simple ... in 2 mins chart or 5 mins chart,
if 3 EMA crossdown 13 EMA, then good candidate for short. But also take care of Stock movement from past experience. Some stocks hardly move though it shows good to short.

Same as other way when 3 EMA crossover 13 EMA then good for Long...

Khushi's MACD + 3 EMA + RSI + Nifty Trend + Stock's inherent movement

 

[rammmeo]

Oh thats simple ... in 2 mins chart or 5 mins chart,
if 3 EMA crossdown 13 EMA, then good candidate for short. But also take care of Stock movement from past experience. Some stocks hardly move though it shows good to short.

Same as other way when 3 EMA crossover 13 EMA then good for Long...

Khushi's MACD + 3 EMA + RSI + Nifty Trend + Stock's inherent movement

ok buddy
now clear with first 2 things
now wht to consider on RSI and how to find nifty trend and wht is this Stock's inherent movement
sorry for asking so many ques
really gr8 help from u and khushi

 

[athreya]

ok buddy
now clear with first 2 things
now wht to consider on RSI and how to find nifty trend and wht is this Stock's inherent movement
sorry for asking so many ques
really gr8 help from u and khushi

RSI = below 20 oversold above 80 overbot... This is not a very good indicator though..

Nifty Trend = Khushi's Sheet Trend...I mean nowaday's Nifty in pathetically bearish trend ......When market opens GAP UP there is more probability that it comes down ( this is trend for now ), hence if you see any Stock with earlier mentioned indicators then go for it...more chances are you will be right...otherwise bad luck ...

Stock Inherent movement : Compare ICICI stock movement Versus Some Kotak or Yes bank... which moves faster ??? icici... thats good for trade...

Ok..these are my understandings...i am not a expert though...use your intelligence ...