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Intraday Trading Strategy |
cyber2nk
White Belt
Joined: 19 Oct 2010
Posts: 5
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Post: #46  Posted: Mon May 23, 2011 1:04 pm Post subject: |
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Avinash,
Can u please explain where did u get todays open , low and high price of 5439, 5419 and 5439.9
I m in the learning stage and dont understand whr u got that nifty value from??
Pl. dont mind
rgds |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #47 Posted: Mon May 23, 2011 2:21 pm Post subject: |
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| cyber2nk wrote: | Avinash,
Can u please explain where did u get todays open , low and high price of 5439, 5419 and 5439.9
I m in the learning stage and dont understand whr u got that nifty value from??
Pl. dont mind
rgds |
dear cyber
opne lw high get from odin terminal ... |
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hnrkolavasi
White Belt
Joined: 03 Mar 2011
Posts: 5
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| Post: #48 Posted: Mon May 23, 2011 3:46 pm Post subject: |
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| suppressemotion wrote: | | smartcancerian wrote: | | Bt ystday it generated 4 signals- 3 continuous Sl & 1 profit...may b due to RBI shock.. |
but as per modification of 1.5 atr in 15 tf. only one sell signal in mrng. n trend continue till close. |
Hi,
Could you kindly let me know what is ATR??
thanks
Hari |
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manojverma053
White Belt
Joined: 19 Feb 2009
Posts: 4
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| Post: #49 Posted: Mon May 23, 2011 7:45 pm Post subject: |
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 sir,
good technique keep it up |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #50 Posted: Tue May 24, 2011 9:30 am Post subject: NIFTY INTRA |
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LOW=5383
OPEN=5386
HIGH=5413.5
OPEN-LOW=3
OPEN-HIGH=27.5
SO TREND IS up..
SL=5355
TARGET=5426
buying zone 5375-5400
REGARDS
AVINASH  |
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #51 Posted: Tue May 24, 2011 11:35 am Post subject: Re: NIFTY INTRA |
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| avinash02 wrote: | LOW=5383
OPEN=5386
HIGH=5413.5
OPEN-LOW=3
OPEN-HIGH=27.5
SO TREND IS up..
SL=5355
TARGET=5426
buying zone 5375-5400
REGARDS
AVINASH |
Hi avinash,
I don't understand the buying zone,how do you decide the buying zone? Will you pl explain? |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #52 Posted: Tue May 24, 2011 1:36 pm Post subject: Re: NIFTY INTRA |
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| prabit wrote: | | avinash02 wrote: | LOW=5383
OPEN=5386
HIGH=5413.5
OPEN-LOW=3
OPEN-HIGH=27.5
SO TREND IS up..
SL=5355
TARGET=5426
buying zone 5375-5400
REGARDS
AVINASH |
Hi avinash,
I don't understand the buying zone,how do you decide the buying zone? Will you pl explain? |
hi prabit
there is not any technical method for buying zone or selling zone. it just a take position near small stoploss............
regards
avinash |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #53 Posted: Tue May 24, 2011 3:41 pm Post subject: |
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dont get target .............
sl not hit ...only 4 point to saaaaaaveeeeee
avinash |
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katariaz
White Belt
Joined: 23 Mar 2011
Posts: 10
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| Post: #54 Posted: Wed May 25, 2011 5:41 am Post subject: |
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Last edited by katariaz on Thu May 26, 2011 8:14 pm; edited 1 time in total |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #55 Posted: Wed May 25, 2011 9:05 am Post subject: |
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| @katariaz..very simple stgy & very gud results i wud say in your excl sheets..let all fellow/senior members refine it to increase its efficiency..me too will try sumthing on it |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #56 Posted: Wed May 25, 2011 9:30 am Post subject: nifty intra |
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LOW=5361
OPEN=5374.6
HIGH=5374.6
OPEN-LOW=13.6
OPEN-HIGH=0
SO TREND IS down..
SL=5390
TARGET=5334
selling zone 5360-5380
REGARDS
AVINASH |
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vvsp
White Belt
Joined: 10 Nov 2010
Posts: 62
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| Post: #57 Posted: Wed May 25, 2011 9:31 am Post subject: |
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hi katariaz,
If SL is hit, do you suggest reversing the position or wait for opening range to reenter trade?
Thanks,
Prabhakar |
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katariaz
White Belt
Joined: 23 Mar 2011
Posts: 10
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| Post: #58 Posted: Wed May 25, 2011 10:04 am Post subject: |
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Last edited by katariaz on Thu May 26, 2011 8:11 pm; edited 1 time in total |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #59 Posted: Wed May 25, 2011 10:19 am Post subject: |
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| katariaz wrote: | Dear Avinash
I congratulate you to devise a good strategy. But I also think it needs to be further refined with inputting specific rules for trading. I am also trading on the basis of opening candle. I have different way to trade :
1. After 5 minute from opening, I take only High and Low, and place Buy order above 2 points High and also Sell order below 2 points low.
2. I wait till one of the trade gets triggered. If Buy triggers, the stoploss is 2 points below the low means our sell order or maximum 20 points. I don't take stoploss beyond 20 points.
3. Now I wait for either Stoploss triggers or 20 points profit comes. Upon getting 20 points, I exit entire position and sit aside and wait for the Price to come again between the range of High and Low of first 5 mins. and If it comes only then again place same orders of High and Low with same stoploss.
4. If two consecutive Stoploss get Triggered in a single day, I don't trade for rest of the day.
5. If two consecutive Profit level get Triggered in a single day, even then I don't trade for rest of the day.
6. If no trade triggers within upto 11.00 AM, I cancel all the orders and don't trade for rest of the day.
7. When Trade is triggered and for next two hours, if neither target nor stoploss triggers, I exit at whatever level it is at that time and no trade for rest of the day.
8. Generally one or two trades trigger in a day. I generally don't take fresh trade after 2:30 pm
9. During the current month, I have made 289 points profit and after brokerage and other charges, I have made profit of 34%.
Can you and other traders refine this system. Earlier I tried to improve by trying to follow technical analysis, but got confused, so again shifted to my earlier rules as for this we don't need to view the charts and patterns.
Regards
Nicks Kataria |
kataria
ur strategy is good ...and our system little same....when u trigger sell signal me also get sell ....when u trigger buy my system also buy..but the difference is the stoploss...today u trigger sell nd i also short ...so enjoy ur system dear nd make lots of money....
avinash |
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avinash02
White Belt
Joined: 22 Feb 2009
Posts: 343
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| Post: #60 Posted: Wed May 25, 2011 10:21 am Post subject: |
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| katariaz wrote: | Dear Avinash
I congratulate you to devise a good strategy. But I also think it needs to be further refined with inputting specific rules for trading. I am also trading on the basis of opening candle. I have different way to trade :
1. After 5 minute from opening, I take only High and Low, and place Buy order above 2 points High and also Sell order below 2 points low.
2. I wait till one of the trade gets triggered. If Buy triggers, the stoploss is 2 points below the low means our sell order or maximum 20 points. I don't take stoploss beyond 20 points.
3. Now I wait for either Stoploss triggers or 20 points profit comes. Upon getting 20 points, I exit entire position and sit aside and wait for the Price to come again between the range of High and Low of first 5 mins. and If it comes only then again place same orders of High and Low with same stoploss.
4. If two consecutive Stoploss get Triggered in a single day, I don't trade for rest of the day.
5. If two consecutive Profit level get Triggered in a single day, even then I don't trade for rest of the day.
6. If no trade triggers within upto 11.00 AM, I cancel all the orders and don't trade for rest of the day.
7. When Trade is triggered and for next two hours, if neither target nor stoploss triggers, I exit at whatever level it is at that time and no trade for rest of the day.
8. Generally one or two trades trigger in a day. I generally don't take fresh trade after 2:30 pm
9. During the current month, I have made 289 points profit and after brokerage and other charges, I have made profit of 34%.
Can you and other traders refine this system. Earlier I tried to improve by trying to follow technical analysis, but got confused, so again shifted to my earlier rules as for this we don't need to view the charts and patterns.
Regards
Nicks Kataria |
yesterday my sl is 5355 so i had two trade one 5391 nd the secound is 5371 ...the last i square off at 5390.....
i alwys seat near my sl
regards
avinash |
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