iCharts Discussions

[hansraj456]

Hi vijayakannan

You are near to the clue. Keep guessing, you will get the exact idea after few days. Keep guessing........

[chandrujimrc]

Hi Hansraj,
Welldone,guessing game is going good.My vote for 13day moving avg.



Ravi.

[hansraj456]

Hi Venkatesh

Here are point-wise answers of your questions :

1> How you decide that maket will down if reach ceratin point like 5074 in near future case. How you arrive with that magic figure. any rule, calculation if there, please share so that we can also learn abot this.

Answer : I don't decide on my own, but the calculation indiates that if it reaches that particular point, it is likely to go further in that direction. Let me explain with example. Now Nifty is around 5185. My figure is 5074, i.e. more than 100 points down from the current nifty level. Suppose, it comes at 5074 tomorrow, I think, it's reversal of nifty from top and may go further down from my trigger price. If you seek the waves of nifty it generally surely moves from it's top to bottom or bottom to top in (refer example line chart of nifty uploaded at this forum). The tail (trigger) price always cross nifty when it either starts coming from top to bottom or from bottom to top. Here there are two waves, one with sharp moves (nifty actual price wave) and another with slow moves which cross nifty actual price at various levels, the crossing point is the magic figure where it crosses nifty price. And Yeah you are right, there is a calculation to reach at magic figure. Please give me few days, as I have promised, I will disclose during next few days and I assure you, it's very simple and you will be able to come to know that magic figure at end of every trading day and you will apply that figure on next trading day.

2) What is the criteria for confirmation. I mean is it necesay to hold the market 5074 below for certain time. In few cases , maket go down to that point and then turn. I am confidence in your case it may not be there but in few experts gives some figure as stop loss and majority case it gets trigger and market turns back.

Answer : Reply to your first part of this question is already given in Answer to your first question above. Here, I don't know what experts say or know, as I don't believe on news, tips, advice but work on the actual facts and experience and have devised this system of trading and am actually doing so for last so many months. Basically, there is no need to place any stop loss. However, I have, as a safety measure, have told in my rules to place 50 points away from the trigger price as stop loss and that stop loss is for the day on which the magic figure gets triggered. Suppose 5074 gets triggered on 29 dec., place stoploss 50 points above that level on that day only and never place any stop loss during next trading days. If tomorrow nifty is sold at 5074 and SL is not triggered, we will hold the short position for next day. If market has to turn back, our SL will get triggered and then we will be in nifty long position with 50 points loss. In that case, nifty will most likely go up around 200+ points and our loss of 50 points will be recovered during next trading days. And of course, at the close of the day on 29 dec., new figure will emerge and will again place that in the system for either short or long as the case may be.

3) Do you know any trading platform in India which have facility of stop buy ( means if market go to that point then only order gets triggered and not below that point)

Answer : I am already doing so by placing bids in my offline trading account with a reputed broker. Let me explain, how their system works, when I place bid for nifty short at 5074, the operator will place bid with a range of 5074 and 5 points below it i.e. 5069. If nifty comes at that level, no trade takes place at round figure of 5074. I mean at that friction of second, nifty may be at 5074.10 and then 5073.90 it means it did not touch round figure of 5074. If I put only 5074 my trade will not be triggered, but If I put range of generally 5 points from that level, then my trade will automatically be traded at 5074 or nearest below point. i.e. in this example, my nifty short position will be at 5073.90. This is the way their system works. I don't know how online trading systems work, as I don't use that.

4) Which are indicators are useful to decide get entry and exist points either in intraday or swing or postion trading.

Answer : Can you wait for few days for answer to this question, please. Because, others may get confused and get deviated from the actual point I am trying to make.

I am sorry I took time to give reply to your querries, as I was enjoying with family during long week-end.

Thanks

[venkchandra]

Hi Hansraj,

Thanks for explaination. In fact , you acted very fast. Really appricated.

Thanks once gain

Regards


Venkatesh Pai

[hansraj456]

Sell Nifty Future at 5093 on 30/12/2009. If Nifty Future reaches at 5093, place stop loss of 5143. The stop loss is valid for 30/12/2009 only.

[serenshri]

Hi Raj

Do you have your Trigger price and position held on Nov 26, Nov 27 and Nov 30

Also presently if Nifty is in its upmove may we for next 1 to 2 months we will not be able to enter in short at your trigger price(even though its changing), can we enter currently as long position later that can be reversed to short if your price is tiggered

Regards

Sridhar

[hansraj456]

Hi serenshri

Trigger price for 26 Nov was 5016 and for 30 Nov it was 5004 and I don't know price for 27 Nov. as it did not trigger and no trade had taken place on 27 Nov. You can download file from this forum where all the trades triggered during last one year are given.

You are right, there is a possibility that the trail trigger price does not get executed in the next few days, weeks or months. It's against the rule to enter long position. However, let the current month contract expire first. If I find any level to go long, I will suggest at this forum. Otherwise, you have to go wait for your first entry. And when your entry takes place, you will have to be always invested in nifty future, either short or long. So please wait for few days.

[akvbhaskar]

where is the chart u are discussing where can i know from

[hansraj456]

Hi akvbhaskar

Read this forum from beginning to end. At first page of this forum (last page from top), you will find a file containing all the trades during last year indicating date, trigger price, profit/loss and running profits etc. Download this file as also last years' daily line chart indicating nifty actual price and tail trigger price. Better you read this entire forum.

Thanks

[serenshri]

Thanks Raj

Small question?, In your worksheet on 20th Nov 2009 your trigger price is Sell 4965, however on same day the High is 5063 and close is 5052, why our stop loss at 5015 had not triggered

also when SL is trigerred what should we do, go long at our SL position ? or wait for EOD to get new trigger for next day ?

Regards

Sridhar

[hansraj456]

Hi serenshri

As I have already explained in this forum, by that time, I was not applying SL or 50 points above or below the trigger price. When I learnt from such experience, and devised strategy to place stop loss above or below 50 points. But since then SL is yet to be triggered, so waiting for its results. but I feel, it should work.

Suppose we are 1 lot of short and tail price triggers, then we place SL for two lots that means, we will be 1 lot of long with loss of 50 points.

[hansraj456]

Hi

If Nifty Future of January series crosses 5223, go Long and thereafter apply rules of Nifty Swing position

[hansraj456]

Sell Nifty Future at 5112 (January Series) on 31/12/2009. If Nifty Future reaches at 5112, place stop loss of 5162. The stop loss is valid for 31/12/2009 only.

[hansraj456]

Hi

Nifty Future is closing above 5150 and below 5200 levels for last 4 trading days. But the level of our tail trigger price is increasing day by day. Let's see on which date it gets triggered and our trade takes place. Nifty Future is at 5177 level and our trigger price is 5112 so they are nearing day-by-day.

[sdeepa]

Dear Mr.Hansraj,
Yesterday i gone through full of strategy and trading methods. It is really very nice to have your experience. I corss checked the graph which is I-charts old - eod chart and almost matches to 13ema. But when I cross check your trigger level which you have mentioned which varies time to time. Some times it matches to 13ema,and some times it matches to 15ema. I attached the EXCEL sheet for your attention.

I think the change of Trigger price daily on the basis of if nifty up move increases so ema varies. But if nifty operates in a volatile in a specific region say 5150-5220, even then also the trigger price will change as per 13 ema but not much changes will happen. In your calculation will it meet one day.

Please explain.

Kind Regards,
S.Deepa