iCharts Discussions

[Rahulsharmaat]

longed at 5307-- exited at 5326-- seeing resistence at 5330

[sonila]

Well done, rahul, by the way, which time u exited ?

[Rahulsharmaat]

exited at 12.09-- after making 5330 high n then went to 5315-- n while back booked at 5326

[vinst]

[Rahulsharmaat]

Vinst---


I am looking at this from months-- last year traded n then left as result was not good

again-- from 29th

29th march-- 12 Point sl
2nd april----- Not triggetred
3rd April----- Target not met- closed at 9 point gain EOD
4th April----- Not triggered
9th April-----51 point gain
10th april----30 point gain
11th april----18 point less
12th april----11 point loss
13-- april----30 point loss

so in last 9 trading days -- after brokarage there is a loss of 5 points
now how can some one trade n follow something where gains are not coming

can anyone post last 3 month data

[sonila]

Rahul,ur last 9 days record, as u posted shows, u had made a net gain of 47 pts, brkg calculated as 3 pts for each trade, moreover, on 13 april u had made pft of 19 pts, but again u r saying as lost 3 pts. How ?

[Rahulsharmaat]

Sonila--- it was mistyped-- i have corrected

i made 19 points thats not the matter--
what i am telling is about this statergy.
Is it making any gain ????

I watch simple 5 min candles and draw trend lines--

Nifty was a short for me below 5320-- sl 5330-- for target 5305
and then below 5304-- new day low

and yesterday 5270 didnt break so below that short for again 30--40 points

same way bank nifty was short below 10590--
support was 10500-

again short below 10500

so all this is a different matter ..

what this system is giving long term-- say like 3 -4 months if traded -- as all trades i make i make seperate excel sheets and i see what system is getting me better gains-- one i have left totally which is Gann-- as its not making gains on last 4month trades-- i mean not great gains

25 k is margin and if i make 100 point-- am not satisfied--
for nifty minimum i want is 200 points atleast

and i dont play daily with different stop losses--

[vinay28]

rahul, I can understand your view that it was short below UTL but how did you decide target as 5305?

[sonila]

Rahul, on 11th apr, u made a gain of 75 pts, can u please discuss the method, plz ?

[sonila]

Vinay, what is UTL.

[vinay28]

rahul mentioned that he draws trendline and I presumed that he was talking about Upper trend Line which gives 5320. That's why my question

[Rahulsharmaat]

this is what am doing ..

[Rahulsharmaat]

11th trades

Stop loss trade was as per 9.30 system
went long above 5240-- and booked in 30 points--
short when 25 min range broke down side and booked at support , which as per me was around 5225--30

again went long and booked

i prefer 5 min chart with these trend lines at break outs n breakdowns

it suits me

Monday will long above 5238-- n short below 5210

lets see

[vinst]

[smartcancerian]

rahul, you hav posted your results for avinash strategy.??? & vinst, is your summary also on avinash stgy??(why i asked is as rahul was talking abt his own system in between)..pl clarify...