Trading Nifty by Levels

[khushi00]

One thing more manish
in mornig, 3/13 mins trend in option sheet was down n level was around 4966
so we can say tht this range of 4956-4966 is good for shortin
since start nifty reached few times 4964 but never mid way of range i.e 4960
so today if might i traded then i must have at 4960 around with close look on 3 min trend n SL 4972 n rest left on luck as all days r not profit days
as shivangi wanna stick to volatility sheet so she preferred 4956 to short

 

[manish9300]

thanks khushiji .....that did cleared confusion regarding mid point reversal entry exit .

so letme sum up all the rules for vol sheet as per my understanding ....pls correct me if go wrong somewhere.

1. entry is made only after 9:18

2. if price crosses midpoint from above go long and vice versa...stoploss 3 to 5 point.....if stoploss tiggered reversed the trade . if again stoploss hit... stoptrading at midpoint and wait for buy sell level tigger.

3. when buy or sell level tiggered ....take the trade with stoploss at midpoint .

what if we get stopped out here.........reverse the position just like in rule 2. .......and if stopped out second time stop trading for the day?

 

[khushi00]

thanks khushiji .....that did cleared confusion regarding mid point reversal entry exit .

so letme sum up all the rules for vol sheet as per my understanding ....pls correct me if go wrong somewhere.

1. entry is made only after 9:18

2. if price crosses midpoint from above go long and vice versa...stoploss 3 to 5 point.....if stoploss tiggered reversed the trade . if again stoploss hit... stoptrading at midpoint and wait for buy sell level tigger.

3. when buy or sell level tiggered ....take the trade with stoploss at midpoint .

what if we get stopped out here.........reverse the position just like in rule 2. .......and if stopped out second time stop trading for the day?

Enter as soon as u get level dont wait for time
SL 3-4 points but dependent on risk apetite
3rd point right but keep close watch on 3/13 mins trend
On every trgt book some trgt like half lots or 1/3 rd lots
Never cross any trgt w/o bookin some profit as pata nai dobara mile na mile

 

[khushi00]

Above graph will help to study my trades
good night buddy

 

[manish9300]

deleted the message --------------

 

[manish9300]

i hadn't saved backtested as per format
simply made d rules n wrote daily P/L in my persoanl diary meant for trading
starting few months i calculated on close thn shifted to LTP
like today i've written tht in morning as there were some whipsaws thn my rule book says stop trading on mid point aftr 2 SL on both side n thn trade only on buy level n sell level
like today shivangi didn't made profit while trading at mid point in morning so i noted SL of 7-8 points thn i told her to sell / buy at level respective levels
so she sold at around 4956 n covered at 2nd taget as at 1st trgt trend of nifty was still down so didn't squared off at 1 st trgt
so this way she covered loss first then made profit as well
so by simple rule book, today i counted as day of profit wid atleast 10 points

mam can u share the rules books for all the respective sheet u have given to us.......it will help us all tremendously......i hope i am not asking for too much

 

[manish9300]

goodnight khushiji thanks for clearing doubts.

 

[priyabalan]

AMAN TANEJA, na_navneet, Ranger Row
Files mailed, please check.

@AMAN TANEJA: Download Amibroker from its official website. I am sending another mail with instructions for installing Ami.

Hi,

I am just reading through this thread and it's simply amazing. I would also like to get the instructions for installing Amibroker as i am new in using the same. I request you to kindly send the same to priyabala80 at googlemail dot com at your convenience.Hope i am not bothering you.

thanks
priya

 

[manish9300]

In #2 above where you have "above" do you mean "below"...

i meant below :thumb:thankx for the passwords

 

[manish9300]

Originally Posted by manish9300
thanks khushiji .....that did cleared confusion regarding mid point reversal entry exit .

so letme sum up all the rules for vol sheet as per my understanding ....pls correct me if go wrong somewhere.

1. entry is made only after 9:18

2. if price crosses midpoint from above go long and vice versa...stoploss 3 to 5 point.....if stoploss tiggered reversed the trade . if again stoploss hit... stoptrading at midpoint and wait for buy sell level tigger.

3. when buy or sell level tiggered ....take the trade with stoploss at midpoint .

what if we get stopped out here.........reverse the position just like in rule 2. .......and if stopped out second time stop trading for the day?

Enter as soon as u get level dont wait for time
SL 3-4 points but dependent on risk apetite
3rd point right but keep close watch on 3/13 mins trend
On every trgt book some trgt like half lots or 1/3 rd lots
Never cross any trgt w/o bookin some profit as pata nai dobara mile na mile

so that is the comprensive list of rules to be followed for vol sheet.....i think it should clear everybody's doubts