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Nifty Future Weekly Trading Levels |
etpl
White Belt
Joined: 17 Apr 2012
Posts: 5
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Post: #16  Posted: Fri Jul 13, 2012 3:34 am Post subject: |
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Dear Just Trade,
I am new here. Could you please share how you derive these levels and at what intervals you calculate the weekly levels and if there are any specific trading do's and dont's while following this method.
Regards,
ETPL |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #17 Posted: Fri Jul 13, 2012 9:20 am Post subject: |
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| Quote: | ridinghood wrote:
HI JT,
pl update weekly levels if there is a change!
regs
ridinghood
jt wrote:
Sure ridinghood as of now no changes.
I am long at 5230.
Regards
JT |
thnx, jt!
regs
ridinghood |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #18 Posted: Fri Jul 13, 2012 9:26 am Post subject: |
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| etpl wrote: | Dear Just Trade,
I am new here. Could you please share how you derive these levels and at what intervals you calculate the weekly levels and if there are any specific trading do's and dont's while following this method.
Regards,
ETPL |
Hi ETPL,
Welcome to iCharts. Wish you all the very best.
The calculation of the levels is based on identifying pivots,support and resistance levels on the chart -15 Min time frame.
Trading Rules are very simple wait for the levels to come into range and then take a position. Reverse your position immediately if SAR is taken out.
Happy Trading
Regards
JT |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #19 Posted: Fri Jul 13, 2012 9:28 am Post subject: |
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| Just Trade wrote: | | ridinghood wrote: | HI JT,
pl update weekly levels if there is a change!
regs
ridinghood |
Sure ridinghood as of now no changes.
I am long at 5230.
Regards
JT |
Booked partially at 5274. No change in Stop and Reverse.
Regards
JT |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #20 Posted: Fri Jul 13, 2012 2:53 pm Post subject: |
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Ridinghood gave another entry at lower level.  |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #21 Posted: Fri Jul 13, 2012 2:57 pm Post subject: |
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YEAH! jt !
i too got in@ same level. thnx! ns level 5212 is key. if held. ns can shoot uptp 5300!
regs
ridinghood |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #22 Posted: Fri Jul 13, 2012 3:19 pm Post subject: |
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| Updated Swing Levels |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #23 Posted: Fri Jul 13, 2012 3:33 pm Post subject: |
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| these are for next week? also SAR for 5236 level is 5301 which means that you don't expect market to go much beyond 5236? |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #24 Posted: Fri Jul 13, 2012 5:34 pm Post subject: |
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| vinay28 wrote: | | these are for next week? also SAR for 5236 level is 5301 which means that you don't expect market to go much beyond 5236? |
Hi Vinay
sorry typo error it should read 5326
Regards
JT |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #25 Posted: Fri Jul 13, 2012 5:56 pm Post subject: |
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| JT, like for intraday, would you mind sharing the calculation file? Or is the method same? |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #26 Posted: Fri Jul 13, 2012 6:31 pm Post subject: |
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| Jt, i also want the formula. |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #27 Posted: Fri Jul 13, 2012 7:41 pm Post subject: |
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Hi Vinay/Sonila
I derive these levels by looking at charts -15 min time frame and identify pivots first. Once the lower level and higher level is identified I look for recent support and resistances levels. Normally I look at a 10 days frame.
All these levels are just by drawing channels, support trend lines and Fib.
Regards
JT |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #28 Posted: Fri Jul 13, 2012 7:52 pm Post subject: |
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Hi Vinay/Sonila
Just a thought - plugging in the weekly open high low close of the last two weeks should give us weekly levels in the calculator. The first levels should be used for the first half of the week and the second levels for the remaining week. I have not back tested this but it should throw up some interesting results. If any of you can back test please do share the results. Once we have the results we can explore ways of tweaking the set up for better strike rate ( If the strike rate is low) 
Cheers
JT |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #29 Posted: Fri Jul 13, 2012 8:04 pm Post subject: |
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| Just Trade wrote: | Hi Vinay/Sonila
I derive these levels by looking at charts -15 min time frame and identify pivots first. Once the lower level and higher level is identified I look for recent support and resistances levels. Normally I look at a 10 days frame.
All these levels are just by drawing channels, support trend lines and Fib.
Regards
JT |
if u can post few charts with ur valuable analysis drawn on it, then it will be of v.much use. Thnx. |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #30 Posted: Fri Jul 13, 2012 8:17 pm Post subject: |
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I just checked for the week completed
The levels taken were
Open High Low close
5148.90,5309.75,5093.35 5297.35
5311.25,5354.50,5271.50,5327.20
The trading levels for this week were
Monday 09:15 to Wednesday 1:00 pm
Upper Trading Level
Buy 5416.37
Sell 5351.45
Lower Trading Level
Buy 5243.25
Sell 5178.33
Wednesday 1:01 to Friday 3:30
Upper Trading Level
Buy 5372.85
Sell 5347.95
Lower Trading Level
Buy 5306.45
Sell 5281.55
Check for yourself how much you would have made if you traded these levels this week
Regards
JT |
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