iCharts Discussions

ajit123 · Posted: Thu Jul 02, 2009 7:56 am Post subject: Reverse Momentum Technique

dear i-chartians
greetings of the day.
i will be now disclosing one of my best performing techniques for day trading the nifty and frontline stocks.
i call it the reverse momentum technique.
i am preparing the writeup with supporting charts .
in my next post i will elaborate over it.
thanks

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

Hi Ajit,

your post is awaited. I hope the technique can be extended to swing trade also?

vin

ajit123 · Last edited by ajit123 on Thu Jul 02, 2009 4:19 pm; edited 1 time in total

The long and the short setup is here in the attached file for viewing by friends.

neemtree · White Belt Joined: 20 Feb 2009 Posts: 43

can you please add some sample image of nifty, so that we will have better clarity.

Thanks,
Srinivas

ajit123

the method is elaborated in the word file with chart

SwingTrader · Posted: Thu Jul 02, 2009 4:35 pm Post subject:

Please do not post any contact details here.

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

Vinst
how many techniques do u have up in ur sleeve for far.. Shocked

still urging for more n more..
regards
jimmie

ajit123 · Posted: Fri Jul 03, 2009 3:54 pm Post subject: example

hello,
watch the charts of today 3/7/09 from 1:00pm to 2:00pm in the 15 min time frame for nifty future.it is a complete ideal long setup as per this method. this will help in better understanding of this method . we saw a run from 4356 to 4432. posted to serve as an example to learn the method.

asarkar04 · White Belt Joined: 19 Apr 2009 Posts: 9

Hi Ajit,

I appreciate. But I have little doubt. Pls clarify. I am not getting lower high/ low greter- these terms. Pls clear it to me. I appologies for my little knowledge.

Thanks

Amit

ajit123 · Posted: Fri Jul 03, 2009 9:12 pm Post subject: hello

hi,
read the text carefully , and then view the charts carefully, it is all self explainetery. also see nifty 15 min chart for today . at 2pm a buy is generated exactly on this classic pattern.this is a powerfull method which gives 25 points in an instant, however today the momentum continued and gave 75 points.on other occasions book profit on 25 points.be on a lookout for this pattern to develop beside your own method .
thanks

daitya · White Belt Joined: 06 Apr 2009 Posts: 9

ajit123 · Posted: Sat Jul 04, 2009 10:46 am Post subject: hello

hi,
thanks daitya for attaching the nifty 15 min charts.this has enhanced the clarity of the method.people will be able to better understand the method.
the trading process need you to trade only when it develops.trading more is not the key to success . trading wisely and as per signals only is key to success. you need to have patience for it.here you are getting a clear point of trade ,point of stop and a target point. follow it and make money.
wishing you a profitable trades
thanks

asarkar04 · White Belt Joined: 19 Apr 2009 Posts: 9

Ajit & Daitya,

Thanks a lot. Atleast 50% clear.
1st- I belief I can apply this rule in both means upside and downside movement , right?
2nd doubt- the bar, before execution bar, should be withinh High and low of previos bar (means 3rd one) of middle bar- right?
3rd-Pls suggest me regarding target- as if i apply it in any stock, its actually going more than 25 points, means booking at 25 will be a loss.

4th- How to trade in a contineous up or dowside, means how to identify that or any rule like this one?

So if you can clear these points, it will be really great help.

Thanks

Amit

ajit123 · Posted: Sun Jul 05, 2009 3:40 pm Post subject: hello

hi,
answer to your questions--
1) yes you can use it for both up and downside.
2)yes, true, but after experience you would be able to some modifications yourself in near future.
3)booking profits is a necessary item for day traders.if you have booked dont bother where the market goes.you have to follow your targets.no greed here.
4)you know your setup ,whenever you see it ,just do your trades. no rethinking here. after the trade you know your stop and target do whichever comes first. thats it.
thanks.

asarkar04 · White Belt Joined: 19 Apr 2009 Posts: 9

Thanks Ajit. Let me use it as per your instruction.

Thanks
Amit