iCharts Discussions

[guptak03]

As on 8th v traded twice ,.nd both sl triggered so how it wil b showed on sheet nd if v hve profit nd loss on sheet it will b helpfull 4 new traders ...avibhai plz ur sugg!!

[sethu45]

Hi Avinash,

On 8th June stop triggered as per the plan. Why dont you test my suggestion. After finding the trend can enter in sell if cuts low and enter long if cuts high whichever the case may be. I am under the impression that only the entry point makes perfect. But in this volatile market nothing can be done have to take trade as per the market condition.

sethuraman

[rainbow]

Sethu:

u got it on the dot. volatile market conditions is right.

and in light of that, if on break of dh till then on nf, which was 5558.7, if one had gone long it would have gone up to ~5565 and it reversed from there.

so more tweaking with *that* method is required, IMO. early days, but i must say this method sounds very plausible for intra. HT to avinash

btw, would someone populate the excel spreadsheet with gain/loss in the last column? thank you.

btw, here is another excel spreadsheet made by another ichartian. mostly identical to the one sriki has posted. let us look to add one more variable to the sheet, that is cmp at 9:30 and auto computation of the cmp from SL in any direction (benchmark here being sl should be less than 30 or as few points as possible) so that if one is trading more than one counter (say stocks for eg) it becomes easier, since for intra, timing is imp and those few extra seconds/mins count, as everyone here knows.

btw, two sls of mine got hit yday both long and short. however, i had placed a buy at 5530 and sold at 5545 at open. this was just a discretionary trade.

have a great trading day all

Cheers
Rainbow

[avinash02]

[vinst]

Hi,

I am posting results of tests for March-2011.
Good returns !!

From these, I could get one prominent question: Sometimes NF does more than 0.75% in opening 15minutes. In such case market runs-away in trend direction without giving entry and we miss large gains. Such things are more likely when open=Low or open=high. Also, even if we get entry, target is close to high or low of opening bar as we have targets scaled to 0.75% of opening price.

regards

[avinash02]

trnd is up


sl=5507.05

tg=5560.40


avinash

[bablya]

[smartcancerian]

Open 5519..high 5529.95...low 5515

[bablya]

[DEWGH]

Hi Avinashji,

Icharts is showing diff values which to follow?

As per ur instructions m following odin levels.

O 5529.85

H 5529.85

L 5516.10

[sharemuthu]

bought 2 lots @ 5528

[ongc123]

open .5519 high..5528.75.. low is 5515 as par Nse Terminal

[bablya]

[DEWGH]

Hi Bablyabhai

I have posted ichart levels. I suppose Icharts should not show diff values than odin, what u think?

[ongc123]

Low 5515
Open 5519
High 5529

Trend Uptrend
If trend is up, utilise sl- long side and tgt- buy only
If trend is down, utilise sl- short side and tgt- sell only.

sl - long side 5508
sl - short side 5524

tgt- buy 5560
tgt- sell 5478