iCharts Discussions

[amitagg]

hi

shall post on NF trades based on single strategy under test. to record live trade sheet for refinement over two months.

since under construction it can give varying results so under observation. additional lots for improving RR shall be added if succeeds after one month.

system v. actual trade performance I shall observe at back-end and report periodically.

may start after a week. it is based on unconventional method appliedon conventional TA.

( it shall be a nifty v crude oil challenge for me)

rgs

[amitagg]

Trade 1 : week

Buy NS 7765 target 7795/ 7815
Stop 7720/7790 ( there can be one stop - 7700)

I have booked 22 points for the day on 2 long side trades

Now shall test whether should have held on.......

[amitagg]

Post below was delayed wrt to first entry already on....... Before it gets going in 3-4 weeks it is better to watch only.

[amitagg]

[amitagg]

Same pattern as 8480-8630
Can fall again to 7800 unless above 7950.
Above 7950 is buy for 100 /200 points...... Likely gap up gap down .... So to trade on Friday now today.

Trade 2 left for next week. Trade Nos are system trades and hence shall be numbered and watched.

Other comments are guess and analysis only .

[amitagg]

Trade 2 system : weeky open if NS does not break 7880 ( preferably 7905)

Buy NS 7960 target 7986/8005/8025
Stop 7907

( I have taken a ratio covered call already at 7920NF) this would be managed differently and has not lower but higher risk.....

[amitagg]

self exited P - actual (early entry) = 40 points profit (60 cumulative)
system (tradeable) triggered & on......

all in buy mode.....still.

[amitagg]

system 1st target hit..... 25 points.

(system buy trigger early recognised despite bearishness and gap down......)....confirmation trade above 7960 with in built filter.......

like last week, now shall break "system" and "tradeable" again ...."actual already given 40 points profit.

for 'tradeable'......trailed to cost 50%.....not 2/3 ...so leaving 8025 tg.....
(likely SL hit).....but let see.....what happens.......

shall post final Ps after all trade exit tomorrow or later.....

[amitagg]

yesterdays open sytem 2 tgs hit on upside 35 and reversal 7908 hit 45 immediately

profit (tradable) = 40 week 1 + 80 week 2 = 120 points
profit ( actual traded) = 60 points

[amitagg]

Trade 1 : daily (or 1-2 days so valid for tomorrow unless a gap opening outside 7900/7840 in which it cancels)


NS (system)
Sell below 7840......target 7780
Stop 7910 (conservative); otherwise 7890

tomorrow gap up or gap down possible...........

daily qtny to be NOT more that 50% of weekly trades......


General comment : its NOT a sell above 7910........ buying depends on individual timeframe/ system......... target 7948/7968

[amitagg]

for better RR I am short 7870...stop 7910 ...early like last time instead of 7840....on 50% qnty....lets see ...shall compare actual and system again after completion........ expiry expected < 7910.............

I have confidence in Weekly system.....daily under greater test.........

[amitagg]

booked 7825 - 45 points

[amitagg]

profit /(- loss) update(2nd week) before next

weekly system: 120 points
weekly actual : 60 points

daily system: 15 points
daily actual : 40 points

General range bound for today - 7780-7880;
30-50 spikes to be sold
and vice versa falls to be bought... not trading
cmp 7820

[AMBY]

WHAT ARE WEEKLY LEVELS FOR OCT SERIES.

[amitagg]