iCharts Discussions

[Rahulsharmaat]

On demand of few friends here I am coming out of self imposed exile.. and posting this thread here..


Nifty

TF: 15 Min

SMA 100-- high, close and low

Use filter 28 points above/below High/Low SMA

Stop loss 40 points..

Incase of day high or low use extra filter Max 5 points..

Target: 70 points

After 22 point gain--stop loss 20 points

If end of day gain is 50 points-- book position.

Anything else --please feel free to ask me

[kingkrunal]

thanks mate.... also the filter value do we need to wait till the candle close above it or just the break of it

[Rahulsharmaat]

no need to wait for candle close---

Just watch EMA value of last closed candle ,, add filter and trade

Example--- if value is 6128.75--- or 6128.25-- add 1 point more in filter

( when ems value is above .75 or below .25-- 1 point more in filter )


If buy is triggering at 6156-- till 6159--- place order above 6160 only
same way if short is triggering at 6124-- till 6121--- better short below 6120)

[Rahulsharmaat]

yesterday first cll after I made this thread..

Nifty got active at 6280.10--hit 6338-

Target was 6350-- today hit 6360---

call booked and closed

[amitagg]

u mean buying when price reaches 28 points above SMA . would request u take thru one trade over next week / month...

[Rahulsharmaat]

Nifty buy triggered on 12th at 6545

i book 50% at 30 point gain-- so booked at 6575

2nd lot tsl at cost hit

Note--I always trade 2 lots

[Rahulsharmaat]

Nifty long triggered today at 6580-- stop loss hit at 6540

Nifty short active at 6520-- went to 6503--- carried short for friday

[amitagg]

[Rahulsharmaat]

Value of 100 sma low was 6548---28 point filter-- so shorted at 6520

Stop is 40 points--that means 6560.10

target is 70 points-- which means.. 6520--70-= 6450

Tsl at 20 points-- means 6441--( after 20--22 point gain)

book 50% at 30 point gain-- means 6490---

[Rahulsharmaat]

booked 50% at 6490

balance keep sl at cost 6520.1

[Rahulsharmaat]

Nifty sl Tsl to 6492.10 now

[Rahulsharmaat]

nifty TSL hit-- call closed

Gain total-- 30 points

[Rahulsharmaat]

Buy set up Nifty above 6572.10

Short set up Nifty below 6499.90


Play when it triggers

[amitagg]

[Rahulsharmaat]

5TH Call---

one lot booked at 30 points
2nd lot booked at 70 points


12th--

one lot booked at 30 points
2nd lot TSL at cost hit

13th

stop loss hit loss 40 point each-- total 80 points


13th--14th call

one lot booked at 30 points
2nd lot tsl hit at 30 point gain

total--


gain 110 points for 2 lots