iCharts Discussions

[apka]

do notepad trading when in doubt

[sharad_suryavanshi]

Hi Rahul,

First of all thanks a lot for sharing your strategy with us, if you don't mind me asking could you please suggest what 's the calculation for choosing 70 points for Target and 28 points for Stoploss, incase some one wants to use this strategy on something other than nifty futures.

Please suggest.

[Rahulsharmaat]

it wont work with any other product

[Rahulsharmaat]

No position in hand

wait for Re-entry--let any candle close between band-- add 15 point above 55EMA high value n go long

[ridinghood]

[Rahulsharmaat]

this is for me

Its 30 SMA

seems i soon need a doctor

[Rahulsharmaat]

After long booking --Short came at 5689-- stop loss 5717--

lets see

[Rahulsharmaat]

Tsl of short hit at cost-

now long above 5708

[Rahulsharmaat]

Long Tsl at cost hit

Now short at 5688---

[Rahulsharmaat]

Short stop loss now at cost

[Rahulsharmaat]

short nifty 50 points down

[Rahulsharmaat]

short made at 5688--- exited at 5664--- gain 23 points

Long made at 5664--- today went to 5690--

Tsl at cost now-- 5663.90

[Rahulsharmaat]

stop loss saved by one point-- now 5707--

almost 45 points up

[Rahulsharmaat]

Book nifty at 5730---




66 point gain

[spihonda]

Rahul sir, thanks for sharing the statergy.I am very much interested to trade by this technique.But I have doubts.So ,please clarify my doubts.

1. Buy- above 30 ema high +15 pts, it means if the price candle move above 30 ema high then we have to see the ema value in the chart and add 15 pts to take the position.thatis my understand is it correct.

2.After stoploss hit / reentry,we have wait candle should close between ema high, low. And also end of the day to take position rules not understand properly. Please post the chart to understand properly these two points.Thanks.