intraday diverzon trading by amitg

posted by Amitg on Sat Nov 10, 2012 05:47 am

hello I observed that for a while and combined few extra rules of my own. The result - I am naming as "NVK setup" The set up for Long trade: Price is making a double bottom or even slightly lower low. RSI is rising. 1st Entry - near the 2nd low seeing the RSI +ve div 2nd Entry - when price Trendline is broken SL - 5-8 points below that double bottom lows So the first entry is only having SL of 5-8 points and 2nd one maximum around 15 points. Profit Booking - My target is always a new days high or when we get closer to that. For Short trade set up - it is just reverse...... The following points are also my observation and I suggest the trade should be ignored if otherwise 1) the double bottom/top should occur within max 1 hr. 2) the peak/trough in between shouldn't be a day's high/low. 3) In between the double bottom/top - there shouldn't be RSI crossover of 50 I am attaching 2 intra charts - my actual trades - one of todays; one earlier - one Long; one short. Please ignore the EMAs on the chart - and focus only on the double bottom/top; RSI and price Trendlines - as drawn on the chart

posted by gopala on Sat Nov 10, 2012 06:12 am

GOOD job......for intrady trade ....will try to follow. :) ..Thanks

posted by saamuu on Sat Nov 10, 2012 06:46 am

this one works good and great in intraday..adding one idea..when all emas contracting then get ready one blasting move is waiting ..concentrate more on blast moves,rather than waiting with early buys. thanks for sharing amitg,

posted by sajal on Sun Nov 11, 2012 09:41 am

good work amit g i always trade on this statgy but on 30 min chart.

posted by dprem on Tue Dec 11, 2012 05:10 am

Image amit bhai, found Nvk on Adani Entp 5Tf check if this is correct.

posted by Amitg on Wed Dec 12, 2012 03:56 am

dprem bhai 1st one is wrong price must be double top 2 nd one is good as per nvk good try bhai

posted by anilpalan on Wed Dec 12, 2012 05:20 am

Amitg, Can you tell which time frame is suitable for this strategy ? Thanks in advance.

posted by Amitg on Wed Dec 12, 2012 06:04 am

anil bhai 5 min basickaely use on nifty

posted by dprem on Wed Dec 12, 2012 07:38 am

thanks for replying bhai, but missed the trade anyways will keep eye on NVK from now onwards

posted by dprem on Thu Dec 13, 2012 11:38 am

Image amitg just found NVK in Nifty 5second, save the chart for better view

posted by dprem on Thu Dec 13, 2012 11:41 am

read it as 12 points in 20mins

posted by Jadhav on Fri Dec 01, 2017 06:25 am