Trading Nifty by Levels

[msa5678]

Personally I think... PM is too old to get turned on...

SG

:rofl::rofl::rofl:

 

[shivangi77]

Hi Shivangi,

Sorry to intrude in between the discussion. Many procedures have been listed in the thread "Best Nifty Strategy...'. I even did a backtest of 4 months for the GANN Values. I found that it is best to use a TSL if you are trading by GANN strategy. For Example , If today Buy Entry was 4778 and NF reached 4793, your TSL is 10 points , Then you should exit around 4783. That way you will be locking your profits.

Right sir , In short, in all strategy as khushi said, its all play of risk & greed.
Thanks a lot , sir :thanx::thanx::thanx::thanx:
One last thing, please abbreviate "TSL"

 

[shivangi77]

@meena

well said!

Today I used Volatility sheet to trade BSE equities LNT and JSW. Shorted LNT at 1090 and 1087. Shorted JSW at 598. Made 300 Rs on JSW but lost 150 Rs on LNT. LNT did not buck down to market pull down in the late hours!!!!

Mostly all strategy developed by khushi, works well in morning hours & Try some paper trading before real trading :thumb::thumb:

 

[SavantGarde]

When one moves the First Stop Loss (S/L) to Higher S/L it is called Trailing S/L (TSL).

In true sense a Trailing Stop Loss will still result in a Loss..... but when it is moved to protect some Profit then it is called Trailing Exit (T/E)

SG

 

[shivangi77]

If TSL is hit and NF goes below the "Buy Above" and comes back again, My suggestion is to take a second entry. Reason is , The second entry may cross all the 4 targets without hitting the TSL again.

Another way of trading by GANN values would be to revise the SL's to the Targets .

Example :

Nifty Fut 9.30 close 4771.2
Buy above 4778 Stop loss 4761 target 4793 4810 4828
Sell below 4761 Stop loss 4778 target 4746 4729 4712

Lets take today's Buy Above , which was 4778 , Assume that the first target is crossed , i.e., 4793, As soon as 4793 is crossed , revise the SL from 4761 to 4778, And assume that NF goes still further to the second target 4810, Immediately revise the SL to 4793 and so on.

I would like to add here that at the end of the day , all the strategies give almost similar returns. Only thing that is needed is to stick to any particular method and have strict money management, and military discipline.

What i had seen so far, biggest problem is our emotions, many times we deviate from strategy just because of emotions & fear of loss.

 

[haushang]

Hi Haushy,

The Volatility Sheet is giving entry level as 749 no ? Then your entry @ 744, is it by the AFL?

because it's above midpoint thats why i buy it

 

[haushang]

What i had seen so far, biggest problem is our emotions, many times we deviate from strategy just because of emotions & fear of loss.

hey buddy do u ask

 

[dineshN]

Please send me volatility sheet for nifty futures.

Thanks!!

 

[haushang]

Please send me volatility sheet for nifty futures.

Thanks!!

where i'll send u :lol::lol::lol:

 

[khushi00]

Market is now middle of stage
in upper side 5040 or Lower side 4440……
Today support @ 4735-4740 i feel it as hurdle level if broken wid Volume thn 4685 or thn 4660
Today Resistance i feel at 4770 if this is broken thn next level @ 4799 n futher 4835.