iCharts Discussions

[smantri]

[color=#444444][color=blue]Hi fridnds, First of all there is not any 100 % strike rate formula in any markets. But 100 % profitable formula we can make by our system & risk reward ratio.

In this post i telling you my trading concept is to find trendy & sideways market as well as doing "with the trend" & "against the trend" & breakout.
This is only for pure intraday but in case of breakout or breakdown happen than carry ur trade as per ur comfort.

A.) How to find:- check the difference of Previous day HIGH-Low. than after make 61.8 % value of the difference. So now Less or add the New value in from Previous closing with SL 0.31 % add in Buy & Sell entry Price. If sL hit it means Breakout/breakdown happen & now market will go continue in same direction & always will give you profits.

Example:- Silver march contract on 12 march high-Low = 63440-62260=1180. Silver closing price 63224
Now 1180*61.8% = 729
so small entry against the trend seems u can make @ 63224-729=62495
Now SL is 0.31 % fo closing = 196 point = 62495-196=62299 SL & Breakdown Point
But keep in mind this will be contrariant approach.

So safe trader can wait to confirm a breakout or breakout. But normaly 70 % of trading day market not give any breakout & breakdown & also breakdown breakdown trade is not also a 100 % strike rate system.
So I prefare to make an contra trade with strict sL & if some time sL hit & go with the trend. Easily ur Loss will cover & make good profit.

Now 1'st tgt is 1 % = 634 & sL is 0.31 * 2 = 0.62 % =390 point from entry point of breakdown sell
i.e. now breakdown sell is below 62299 for tgt 62665 with SL 63689

so always ride with number play good risk reward ratio in future & Index trading. Try ur Luck & bet with calculated risk.
make plan of how much total risk u can take.
I suggest make 5000 point risk. so now in each trade ur Loss is maximum 200 point . So unfortunatly ur all 25 Trade Loss make than max Loss point will be 5000 point.

so once u lost 5000 point else u no need to see back forward in Life again & covert that 5000 point risk into 13000 point net reward.

Once try & check . ur query & suggestion & criticism welcome

[ragwendra]

give some more example with 3 or 4 digit fig"000 or 0000" and this time first give
tgt
sl
breakout points
and then explain calculation in bottom.

thanks help appreciated

[HEMANT358]

thanks

[krish_pm]

Hi smantri,

could u please explain this stratergy with Nifty?

[saumya12]

Yes, please explain this stratergy with NIFTY citing an example and if possible with a chart
Thanks