iCharts Discussions

[avinash02]

1) This strategy only on intraday trading...not for delivery or long time.

2) During use this strategy dont follow any news,tips or any other information

just follow the system ....


TREND FINDING METHOD


FRIST take the low price,open price,high price

example 1.

low price = 5971
open price = 5976
high price = 5987

now, count the different between Open - Low = 5
and Open - High =11.

so intra up trend ..

example 2.

low price = 5961
open price = 5976
high price = 5982

now, count the different between Open - Low = 15
and Open - High = 6.

so intra down trend.....

now u find the trend ...now go for stoploss method



STOPLOSS FORMULA

1) SL FORMULA FOR BUY POSITION

BUY SL = {(OPEN - (OPEN = HIGH) - 1}
= (5976-(11)-1}
=(5965-1)

BUY SL IS = 5964.

NOTE:- if the sl hit reverse the position BUY to SELL...

2) SL FORMULA FOR SELL POSITION

SELL SL = {OPEN + (OPEN = LOW) +1}
= {5976+(15)+1}
=(5991+1)

SELL SL IS = (5992)


NOTE:- if the sl hit reverse the position SELL to BUY...


TARGET FORMULA FOR BUY POSITION

BUY TG = { OPEN + (SCRIPT OPEN PRICE * 0.75 %)}
= {5976 + (5976*0.75)}
=(5976+45)
=(6021)

TARGET FORMULA FOR SELL POSITION

SELL TG= {OPEN-(SCRIPT OPEN PRICE * 0.75)}
=(5976 - (5976*0.75)}
=(5976-45)
=(5931)


NOTE:- THIS METHOD ONLY USE INTRADAY AND THE STOPLOSS MORE THEN 30 POINTS IN NIFTY DONT TRADE ....


Hope its useful for icharts user
thanx

Avinash

[trades4girish]

Dear Avinash,

Appreciate your initiative for this calculation based strategy. But i certain queries ??

1> How come in Calculating SL you are substracting 1 for Buying and adding 1 for selling?

2> How come in calculating TGT you are multiplying 0.75% for both buying and selling?

Are this just a random no's u have taken according to the risk appetite or it has some meaning???

It would be very nice of you if u let us know about this.

Thanx & Regds,
Girish V Hanchate

[Thaavo]

[rajanx12]

Hi.
Can you please give the time frame and clarify
OPEN and SCRIPT OPEN PRICE are same or different in below statement

BUY TG = { OPEN + (SCRIPT OPEN PRICE * 0.75 %)}


regards
raj


BUY SL IS = 5964.

NOTE:- if the sl hit reverse the position BUY to SELL...

2) SL FORMULA FOR SELL POSITION

SELL SL = {OPEN + (OPEN = LOW) +1}
= {5976+(15)+1}
=(5991+1)

SELL SL IS = (5992)


NOTE:- if the sl hit reverse the position SELL to BUY...


TARGET FORMULA FOR BUY POSITION

BUY TG = { OPEN + (SCRIPT OPEN PRICE * 0.75 %)}
= {5976 + (5976*0.75)}
=(5976+45)
=(6021)

TARGET FORMULA FOR SELL POSITION

SELL TG= {OPEN-(SCRIPT OPEN PRICE * 0.75)}
=(5976 - (5976*0.75)}
=(5976-45)
=(5931)


NOTE:- THIS METHOD ONLY USE INTRADAY AND THE STOPLOSS MORE THEN 30 POINTS IN NIFTY DONT TRADE ....


Hope its useful for icharts user
thanx

Avinash [/quote]

[avinash02]

[avinash02]

[rajanx12]

Tq avinash for your clarification
reg
rajan

[suppressemotion]

hi avinash thax for sharing intraday set up buddy i have some question . hope u dont mind
1.) when SL hits and we reverse our position then what would be the SL at that time m what can be target. how to claculate all this when our SL gets hit.
2.) when SL hits. n for next trade what would be position size. is it same as earlier position size. or double d earlier position size.
3.) or any trade management you follow with this system.


thax suppress

[avinash02]

[maooliservice]

Dear Avinash,

In this method open and high price (at 09.30am) are coming

different on different time frames.So please clarify how to take open & high

price for calucalation purpose.please explain it with todays nifty values of

09.30am .

Thanks & Regards

Mohan

[avinash02]

[SAKLECHA]

HAI

DOES YOUR STRATEGY APPLY FOR BANKNIFTY ALSO(IF SO MEANS PLEASE EXPLAIN IN DETAIL)...............
HOW ABOUT INDIVIDUAL STOCKS??

REGARDS

NIRMAL SAKLECHA

[avinash02]

[vtnarendra]

COULD YOU PLEASE CLARIFY THE STATEMENT

"NOTE:- THIS METHOD ONLY USE INTRADAY AND THE STOPLOSS MORE THEN 30 POINTS IN NIFTY DONT TRADE "

FROM WHAT POINT IS STOP LOSS NOT TO BE MORE THAN 30 POINTS.

IN YOUR EXAMPLE : BUY SL IS 5964, HERE DO YOU MEAN THAT AT 9.30 IF THE NIFTY IS ABOVE 5994 DO NOT TRADE
SIMILARLY SELL SL IS 5992. HERE DO YOU MEAN THAT AT 9.30 IF NIFTY IS BELOW 5962 DO NOT TRADE

THANKS

[vtnarendra]

DEAR AVINASH

COULD YOU PLEASE CLARIFY THE STATEMENT

"NOTE:- THIS METHOD ONLY USE INTRADAY AND THE STOPLOSS MORE THEN 30 POINTS IN NIFTY DONT TRADE "

FROM WHAT POINT IS STOP LOSS NOT TO BE MORE THAN 30 POINTS.

IN YOUR EXAMPLE : BUY SL IS 5964, HERE DO YOU MEAN THAT AT 9.30 IF THE NIFTY IS ABOVE 5994 DO NOT TRADE
SIMILARLY SELL SL IS 5992. HERE DO YOU MEAN THAT AT 9.30 IF NIFTY IS BELOW 5962 DO NOT TRADE

THANKS AND REGARDS

NARENDRA