| View previous topic :: View next topic |
| Author |
Intraday Trading Strategy |
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
Post: #1201  Posted: Mon Aug 08, 2011 1:05 pm Post subject: Re: intraday strategy |
 |
|
| vinst wrote: | | sonila wrote: | From chart, o = 5098.9, h =5098.9, l = 5070.25, so down trend, t =5060, sl =5129, entry above 5099
short entered at 9.31am @ 5100
tgt achvd = 5060 at 9.58 am.
|
I am going by terminal rates and according to that short entry at 5142 |
short Sl hit 5172.
now above 5182, NF is intraday bullish, but long at or below 5086 |
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #1202 Posted: Tue Aug 09, 2011 9:23 am Post subject: |
|
|
The present open, high, low are as below
4964.00 5010.00 4951.00
However, immediate upon opening I saw a LTP of 5133.20 even before open value came and this reflects on chart also. If we consider both sets of values, not only opp. trends emerge but interesting targets and SLs. |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1203 Posted: Tue Aug 09, 2011 9:44 am Post subject: |
|
|
I got NF intraday trend up
SL 4917, tgt 5001, but entry below 4947.
5010 is already done.
So i consider minifty levels which gives trend down SL 5030, tgt 4952, entry at 5000 |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #1204 Posted: Tue Aug 09, 2011 9:49 am Post subject: |
|
|
Hi All !
In this volatile market Intraday strategy stop losses/entry levels may not work .
TAKE CARE |
|
| Back to top |
|
|
devarilla
White Belt
Joined: 29 Jun 2011
Posts: 6
|
| Post: #1205 Posted: Tue Aug 09, 2011 4:10 pm Post subject: |
|
|
| rk_a2003 wrote: | Hi All !
In this volatile market Intraday strategy stop losses/entry levels may not work .
TAKE CARE |
This strategy doesn't work in any type of market. Beware. Thats what i mentioned here last week. But all newbies hurled abuses at me. God only save them.  |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1206 Posted: Tue Aug 09, 2011 4:55 pm Post subject: |
|
|
| devarilla wrote: | | rk_a2003 wrote: | Hi All !
In this volatile market Intraday strategy stop losses/entry levels may not work .
TAKE CARE |
This strategy doesn't work in any type of market. Beware. Thats what i mentioned here last week. But all newbies hurled abuses at me. God only save them. |
there are enough posts in this thread to prove that startegy worked. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #1207 Posted: Wed Aug 10, 2011 9:30 am Post subject: |
|
|
As per charts target 5135.20 SL 5193.35
Terminal showed open of 5223. Is that a hint? |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1208 Posted: Wed Aug 10, 2011 9:52 am Post subject: |
|
|
NF intraday down
terminal says SL 5279, tgt 5183, entry above 5249
chart say SL 5187, tgt 5132, entry 5164 (cmp at 9:30) |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1209 Posted: Wed Aug 10, 2011 10:45 am Post subject: |
|
|
| vinst wrote: | NF intraday down
terminal says SL 5279, tgt 5183, entry above 5249
chart say SL 5187, tgt 5132, entry 5164 (cmp at 9:30) |
chart based SL hit. |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #1210 Posted: Wed Aug 10, 2011 11:03 am Post subject: |
|
|
As per NSE website spot nifty stats as follows ( O H L )
5196.95 5197.95 5146.15
TREND IS DOWN Target:5157.97 SL :5248.75
Entry around 5218
But as I told already these day's markets are volatile and during these day's no strategy may work . To get profits we need to put stop loss really high and accordingly targets also should be high.
All in all High Risk High Reward market.
Decide your self. |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #1211 Posted: Wed Aug 10, 2011 2:17 pm Post subject: |
|
|
| rk_a2003 wrote: | As per NSE website spot nifty stats as follows ( O H L )
5196.95 5197.95 5146.15
TREND IS DOWN Target:5157.97 SL :5248.75
Entry around 5218
But as I told already these day's markets are volatile and during these day's no strategy may work . To get profits we need to put stop loss really high and accordingly targets also should be high.
All in all High Risk High Reward market.
Decide your self. |
Today Entry never came after 9.30 ,for some one who can dare for a stop loss of more than 30 points they got rewarded. Target reached and now Nifty futures aaround 5130 .  |
|
| Back to top |
|
|
guru.july
White Belt
Joined: 13 Jul 2010
Posts: 82
|
| Post: #1212 Posted: Wed Aug 10, 2011 8:04 pm Post subject: |
|
|
| devarilla wrote: |
This strategy doesn't work in any type of market. Beware. Thats what i mentioned here last week. But all newbies hurled abuses at me. God only save them. |
I agree with you... |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #1213 Posted: Wed Aug 10, 2011 8:23 pm Post subject: |
|
|
Hi All !
Whether this strategy works or not - It can not be decided by opinion poll.
If it is not working no one will sponser / practice it. If you are in losses trying this strategy , you can very well stop using it. No one is forcing any one to follow it.
But, I would like to tell one thing .It is a good method to find out the opening trend, and to take advantage of opening range breakout. It has a good risk reward ratio in built.
Any strategy will need continuous improvement and need to be tweeked / modified depending upon the Market conditions/specifities.
If some one follow this thread carefully they will get good inputs regarding this.
There will not be any magic wand which can create profits for us just by using it. You need to work on it, Brain storm it , paper test it.Understand the logic behind it, so as to apply it effectively for different market situations.
RK |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1214 Posted: Thu Aug 11, 2011 9:34 am Post subject: |
|
|
NF in uptrend intraday
SL 5093, tgt 5168, entry at or below 5123 |
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #1215 Posted: Thu Aug 11, 2011 10:10 am Post subject: |
|
|
| vinst wrote: | NF in uptrend intraday
SL 5093, tgt 5168, entry at or below 5123 |
NF bought at 5130 (edited for typing mistake) |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
