Reason behind my trades


posted by XX on Fri Jul 04, 2014 03:39 pm

#21

After a long time back to update this thread.................. 

will update only nifty ..... until now in this expiry there were 3 trading chances 

1. long @ 7530 levels and it went till 7780 ...

2. Trend reversed @ 7755-7760 levels and made low 7676 ...

3. Again trend reversed at 7700 and closed near 7790 ....  

the above chart is for first  trade 

this chart is update for 2nd trade

posted by XX on Fri Jul 04, 2014 03:39 pm

#22

the third chart is for 3 rd trade.... 

posted by Amitg on Fri Jul 04, 2014 10:42 pm

#23

great charts and super trades marish bhai good work best of luck

posted by ramanp on Sun Jul 06, 2014 01:08 pm

#24

Great trading system and explanations mr. maarish. i want to know how much should be the SL kept in system while taking trade.

Kindly reply when time permits. you are using 30 min charts. is it best for intraday or also for positional

with regards

P.Raman

posted by XX on Thu Jul 10, 2014 04:18 pm

#25

this weeks trade .... continuation of last week trades....          

posted by XX on Thu Jul 10, 2014 04:21 pm

#26

@ramanp ji , 


1. suppose we enter a long trade when rsi crosses 40 and reversal from lower BB .... then our exit point is when rsi breaks 40 again ( sl point )  and if we take short below RSI 60 , then sl point is when RSI again crosses 60 


posted by XX on Thu Jul 10, 2014 04:22 pm

#27

@ ramanji : normally before reversal atleast we will have some 4-5 30 min candle in same area... most times...

posted by ramanp on Thu Jul 10, 2014 06:09 pm

#28

Thanks maarish sir but if in some trades if you see it is like touch and go for example if we take the last trade the BB rejection happened in one candle and at that candle the rsi was above 60 only and in the next 30 min candl moved below 60 where the entry point trade comes around 7670 and not the 7746 (nearly 200 points) so this becomes difficult to trade. if market becomes chopppy at the reversal or entry stage (4-5  candles) no problem to take calls. thanks just observation not offending.

with regards

posted by ramanp on Thu Jul 10, 2014 06:12 pm

#29

And also it will be helpful if these trades are updated in equity room during trading time so that others could benefit.

thanks

posted by XX on Sat Jul 12, 2014 05:35 pm

#30

ramanp ji 

what u mentioned happens once in a while ... it happened on a budget day ... so moves were very wild...  and i have updated about all these trades in chat room.... and the range was also mentioned in chat room  7830 to 7480 .....

this series until now this concept has given 6-7 trades ....

1. long @ 7530 levels and it went till 7780 ...      [  18+ candles at entry level  ---  gain of  250 points ]

2. Trend reversed @ 7755-7760 levels and made low 7676 ... [  13 candles for reversing the trade  -- gain of 90+ points ] 

3. Again trend reversed at 7700 and closed near 7790 ....   [ 2 candles for entry  - gain of 90+ points ]

4 . reversal @ 7790 and  hit 7480   [ 13 candles for entry  - gain of 300+ points ]

5.  budget day reversal @ 7500 levels to 7750 [ gain of 250 points ... may be seeing rsi above 40 and reversal from lower BB also as per update of reversal expected from 7480 levels in chat room ] 

6. Budget day   2nd half fall from 7700 levels made low of 7465 levels  [ 3 candles for entry  gain of 230+ points ] 


in 6 trades until now easily 4 trades were possible .. becoz it gave sufficient time for entry .... 250+90+90+300+250+230 =  1210 points ...

even if u r able to capture 50% of the moves still it is possible to get 600+ points ....  which i feel is a decent return in terms of  investment to return ...... 


there is no hidden secret abt this concept ... anyone can easily implement this .... 

and most of these trades i have discussed in chat room..  


posted by XX on Sat Jul 12, 2014 05:51 pm

#31

I started discussing abt this concept in FEb and since there was no query i stopped updating this ..... 

Also it is not possible to take all trades ... but out of the above 6 trades , 4 trades was easily possible  which gave  800 to 850 points ...

Also the concept of NP is 

You cant earn in long term by just following others call. "Start Learning Today"  

i also believe in 

" Teach a person how to FISH rather than giving a fish daily "

from my end i have taught how to fish ..... if any doubts u can post ur query ... 

posted by XX on Sat Jul 12, 2014 06:00 pm

#32

It is also very difficult to keep updating always  due to Hectic  schedule .... 

I welcome all to post their charts and trades whenever they see a possible trade based on this concept ... 

that way regular updates will be there .... 

As i trade only nifty i have updated NIFTY charts ... this concept can be used with any script ... 

posted by XX on Sat Jul 12, 2014 06:51 pm

#33

posted by XX on Sun Jul 13, 2014 11:48 am

#34

posted by ramanp on Mon Jul 14, 2014 10:36 am

#35

Dear maarish sir,

First of all i thank you for responding to my queries.

I am a new comer to NP just now only learning from gurukul each strategy. i liked ur strategy so only asked my doubts.

I accept each strategy has whipsaws once in a while but this is a simple strategy only control and sitting tight is required.

I appreciate you for this explanation. i dont continuously monitor equity window so may be i would have missed it.

my query is whether this trade is suitable in 30 min time frame and whether i could be used for other scripts like stocks, commodity. if so which stocks do u suggest to follow this strategy for higher success ratio, as some stocks are always volatile and some are silent and follows trend the trend stocks would be better to follow so only.

Kindly answer me when time permits and i want to assure you i also want to learn fishing and not required fish.

with regards

P.Raman

posted by XX on Mon Jul 14, 2014 10:54 am

#36

ramanp ji ,

it can be used with any mkt , any script ..... with my observation 30 min Tf  gives good results as the whipsaw trade will be very less... 

for scalping trade u can use lower TF also ...   

i use ths concept for commodities a lot 

posted by ramanp on Mon Jul 14, 2014 01:35 pm

#37

As per ur trading method i find now a possible entry point now at cmp NS 7465 where the rsi moved over 40 and rise from BB.

Please give ur comments

posted by XX on Mon Jul 14, 2014 01:46 pm

#38

14/07/14 01:44 PM

[×] [o] maarish: yes ramanp ji.

14/07/14 01:44 PM

[×] [o] maarish: with sl below days low.
 

posted by XX on Mon Jul 14, 2014 09:10 pm

#39

posted by XX on Tue Jul 15, 2014 09:30 am

#40



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