iCharts Discussions

[Just Trade]

Keep a close watch on the KISS level which is plugged at 5038.

[amitdate76]

kiss level 5038
And
Buy Above 5046 stop loss 5018 target 5055- 5089

pls suggest how to trade based on the above.

thanks - amit

[Just Trade]

Today our levels were as follows
Buy Above 5046 stop loss 5018 target 5055- 5089
Sell below 5029 stop loss 5056 target 5019-4985

Morning we sold at 5029 booked full profit s at 5017.

We went long (off course did not updaet forum) at 5021 levels with sl at 5003.

Now since it has crossed KISS level and our buy level is at 5046 we go long if you have not yet with a stop loss at 5019

[Just Trade]

Hello Members,

Just thought I will share how I trade the levels. By sticking to the below mentioned path I have been able to achieve a fixed profit of 30 points. This works out to around 20 to 24 points per day average taking into consideration the stop loss and no trade days. In November managed to get 495 points and in December so far managed 290 points.

Please find below the points :
1. Entry will be at the level mentioned give or take 5 points.
2. Stop loss will be placed at the level mentioned.
3. Reverse trade will be initiated only once the stop loss is taken out.
4. Entry for reverse trade will be initiated only at level mentioned.
5. Partial Profits will be booked at first target and full profits at 30 points.
6. If Nifty gaps up/down we will wait for our levels to initiate trade. If it does not come then we do not trade on that day.

Let me explain the above with an example

The levels for 18 December were

Buy Above 5046 stop loss 5018 target 5055- 5089
Sell below 5029 stop loss 5056 target 5019-4985

For the day Nifty opened at 5018 made a high of 5049,low 4972 and closed at 4984.

Wait for market to settle down for five minutes. Check the open, high and low at 10:00 or 10:05.
First five mins Nifty opened at 5018 made a high of 5027.50, low 5017 and closed at 5021.55.

Since Nifty is trading below our Sell level of 5029 we place the sell order at 5029 (+-5 pts) . Stop loss will be placed at 5055. Partial profit order will be placed at 5019 and full profit order will be placed at 4999.

Now all we do is wait for the orders to get executed

Most important point to note is that like in the above example we have sold at 5029 we will not think of buying even if it crosses our buy level of 5046. We will wait for the stop loss to be taken out. If 5055 is taken out then we will enter Long (reverse trade) at the Buy level which is 5046.

You can back test the levels I have posted and you will see for yourself that in December we have booked 290 point so far by following the above trading system.

Thought I will share it with fellow members. To some my levels and trading system may sound rubbish since they believe in charts etc etc. All I can say is Please IGNORE this thread.


Regards

Satish

[venkchandra]

thanks

[Just Trade]

Welcome venkchandra

[cbosein]

Hi Satish,

Thanks a lot for revealing trading rules for the levels posted by you on regular basis in this forum. I salute your commitment & helping nature by sharing your strategy in free forum.

I pray & wish you & your family for peace & prosperous life for ever.

Regards,
Bose

[kapilberera]

thanks much appreciated ..

[Just Trade]

Hi Kapil and Bose

Many Thanks for your good wishes and I wish you too all the very best.

Regards

Satish

When the winds of change blow, some people build Walls & others build
Windmills..!
Attitude Matters..!! ...

[ProTrader]

Satish aka sabh005b aka SKumar,

Rubbish for someone can be gold for others. As long as you are sharing stuff with people and they are appreciative, that's what matters. You know by the following.

Keep on rocking!

--PT

[Ravi_S]

Sathish

Fantastic stuff man... It requires big heart to share some ideas which is successful...

Regards
Ravi

PS : Beware of golfers....

[Just Trade]

Hi Ravi

Many Thanks. Will certainly keep a look out for the golfers

PTTTTTTTT

Just like you my friend, ProTrader, ProTrader1 and so on

ICHART ROCKS

Regards

Satish

[Ravi_S]

Satish

Had another question, How are these levels computed? Do you compute it or you get it ready made from elsewhere? I just need to know if you could provide similar levels for BNF also...

Regards
Ravi

[Just Trade]

Hi Ravi

I compute these levels on my own. I can generate these levels for BNF and all stocks. For example the levels for Friday for BNF and other stocks were as follows:
BANKNIFTY
BUY ABOVE 8707 STOP LOSS 8637 TGT 8732-79-8931
SELL BELOW 8662 STOP LOSS 8732 TGT 8637-8590-8542-8517

ABAN-
SELL BELOW 1167 STOP LOSS 1180 TGT 1163-1155-46-42-38-34

DENA BANK
SELL BELOW 82.50 STOP LOSS 85.75 TGT 81.50-80.45-79-78.25-77.50-77
BUY ABOVE 86 STOP LOSS 81.75 TGT 86-90


TATAMOTORS
BUY ABOVE 702.50 STOP LOSS 692 TGT 706-712
SELL BELOW 695.75 STOP LOSS 706.50 TGT 692/685/677/674

TATASTEEL
BUY ABOVE 560 STOP LOSS 550 TGT 563/570/591
SELL BELOW 553 STOP LOSS 563.75 TGT 550/543/536

DLF
SELL BELOW 369.33 STOP LOSS 374.75 TGT 366-360-355-352

Out of the above 5 stocks and BNF all gave us good profits except Aban. In Aban my stop loss got triggered. I trade the above scripts daily

PS All rates are in futures

Since I have proprietory rights I will not be able to share the methodology but yes certailnly I can generate these levels for you for any stock anytime.

Wish you all the best

Regards

Satish

[Just Trade]

NIFTY FUTURE
Sell below 5008 sl 5046 tgt 4994/4946/4912
Buy Above 5032 sl 4994 tgt 5045/5093

BANK NIFTY FUTURE
Sell below 8654 sl 8732 tgt 8624/8608/8568/8519
Buy Above 8702 sl 8619 tgt 8731/8688/8728

ABAN FUTURE
Sell below 1170 sl 1180 tgt 1166/1152/43
Buy above 1177 sl 1166 tgt 1180/94/1203

TATA STEEL FUTURE
Buy above 568 sl 562 tgt 570/77
Sell below 564.50 sl 570 tgt 562/555

DLF FUTURE
Sell below 365 sl 373.50 tgt 361/350

TATAMOTORS FUTURE
Buy Above 722 sl 706 target 727/29/36/46
Sell Below 712 sl 728 target 706/696

DENA BANK
Sell Below 83.30 sl 85.15 target 82.65/81.75/80.50/79
Buy Above 84.50 sl 82.50 target 85/86/87/88.50

Happy Trading