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Intraday Trading Strategy |
poojag75
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Joined: 16 Jun 2010
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Post: #1741  Posted: Tue Nov 29, 2011 12:53 pm Post subject: |
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[quote="solanki"][quote="solanki"] | solanki wrote: | | LATEST NIFTY CALL 4800 5 mini TIME FRAME with parasar |
TRADE AS 3 45 ema cross over and para sar
hi solanki
should we have to trade at 5min tf for options and for future we have to trade in 3 min tf |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #1742 Posted: Tue Nov 29, 2011 1:29 pm Post subject: |
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| forexmoney wrote: | | hi vinst,i m new to this forum,i had understand one thing is i got the trend i.e. negative but could not got the trade ,pls help me,.... |
please see the first few posts of this thread to get details.
I am writing explanation of avinash's method:
it calculate O-H and O-L of the opening 15min bar. whichever of the two (O-H or O-L) is greater, magnitude wise, shows the trend.
O-H > O-L implies trend is down, else up.
next step is target, SL and entry calculation.
Tgt for long position : O + (O*0.0075)
Tgt for short position : O - (O*0.0075)
SL for long position : {O - abs(O-H) - 1}
SL for short position : {O + abs(O-L) + 1}
entry is usually at price at 9:30 , provided SL is <30> 30 points, then entry for long position is long SL + 30 points
If trend is down and SL is > 30 points, then entry for short position is short SL - 30 points
closing price of first 15 min bar has no role to play. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #1743 Posted: Tue Nov 29, 2011 1:36 pm Post subject: |
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| Vinst, for those who took the risk of selling at top, target met. |
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solanki
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Joined: 12 Feb 2007
Posts: 155
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| Post: #1744 Posted: Tue Nov 29, 2011 1:42 pm Post subject: |
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[quote="poojag75"][quote="solanki"] | solanki wrote: | | solanki wrote: | | LATEST NIFTY CALL 4800 5 mini TIME FRAME with parasar |
TRADE AS 3 45 ema cross over and para sar
hi solanki
should we have to trade at 5min tf for options and for future we have to trade in 3 min tf |
poojag ha yes
see latest chart nifty call 4800 and nifty put 4900 |
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vinst
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Joined: 09 Jan 2007
Posts: 3303
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| Post: #1745 Posted: Tue Nov 29, 2011 2:28 pm Post subject: |
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| vinay28 wrote: | | Vinst, for those who took the risk of selling at top, target met. |
so there is no big need to try and find some tweaks to avinash's method. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #1746 Posted: Tue Nov 29, 2011 2:37 pm Post subject: |
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| Of course not |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #1747 Posted: Wed Nov 30, 2011 8:57 am Post subject: |
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| hi,gm guys... |
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trader_roshan
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Joined: 06 Sep 2010
Posts: 8
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| Post: #1748 Posted: Wed Nov 30, 2011 9:14 am Post subject: |
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Vinst/Vinay
I have been a keen follower of this thread/rules and was observing defined rules since few sessions. I was surprised to find that, on day of run away market i.e. whenever we have a strong gap up/down days and opening trend continues till close, the rules remains a mute spectator....I think rules need to be tweaked to address such strong trend days to participate...maybe a VWAP entry......thoughts welcome.
Cheers
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #1749 Posted: Wed Nov 30, 2011 9:22 am Post subject: |
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You are welcome to give detailed and technical suggestions by editing the stategy and posting it here for Avinash to review. However, such days are not many. So I am fine by it.
Take today for example, odin data is completely out of sync with charts. The target as per odin was almost met in opening value it self. I am sure no stratey works 100% during very choppy markets. |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #1750 Posted: Wed Nov 30, 2011 9:27 am Post subject: |
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| hi vinay,vinst,pls give me tudays call as i m new to this forum |
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vinst
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Joined: 09 Jan 2007
Posts: 3303
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| Post: #1751 Posted: Wed Nov 30, 2011 9:40 am Post subject: |
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NF in intra down.
SL 4840, tgt 4764, entry at or abv 4810 |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #1752 Posted: Wed Nov 30, 2011 9:42 am Post subject: |
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Based on odin and charts, I got two widely varying values for down trend e.g.
Target 4764.00 SL 4839.70 Entry above 4810 (Target achieved)
Target 4738.20 SL 4787.70 Entry above 4758
So better to be careful |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #1753 Posted: Wed Nov 30, 2011 10:56 am Post subject: |
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| hi vinst,should i sell only 4809 or near 4800?pls help me |
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forexmoney
Yellow Belt
Joined: 19 Oct 2011
Posts: 851
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| Post: #1754 Posted: Wed Nov 30, 2011 11:13 am Post subject: |
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| any calls tuday/? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1755 Posted: Wed Nov 30, 2011 11:17 am Post subject: |
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| Forex, the intention of taking a position within 30 points of SL is to increase reward/risk ratio. If you wish you can take a small risk and sell at or above 4810 but remember GDP data is good. So be careful. |
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