iCharts Discussions

[forexmoney]

sonila,did u booked?

[Rahulsharmaat]

whe its a day of cosolidation no one updatig any buy or sell

Why so ????

[amolvpatankar]

[Rahulsharmaat]

Subject strategy is quite simple user no need to be an expert in Technical Analysis. In this strategy you need to focus only on DMA and SMA 45 lines in 3 or 4 minute tf without any candles.

Process:

Set up

1) Select J-Charts (Premium)

2) Select Nifty 1 Month

3) Select 3 or 4 mnt TF

4) Select colour panel

5) Select white colour for first three candles (price, Bullish and Bearish) with this set up u will not see any candles in charts and this helps you to stick to single indicator and you will not react to fast changing candles.

Entry and Exit:

6) When DMA crosses SMA45 line from down side to upside then go LONG (Buy) or line moves from upside to down then go SHORT (sell) and use the same principle to to exit long or short (Check the attached chart to understand the process better and DMA set up lines)

3 minutes tf gives an average 3 to 5 calls in 4 minuests 2 to 3 calls depending on risk appetite you can chose the time frame.

Wish you all good luck.

Shanker sParray


===============================================

Now to my utter surprise where did he said 2 min

or its as per peoples own convenience----

next time some one will come with 1 min also


please update

[sonila]

rahul, dear .... diwar me apne sar patko .....

[Rahulsharmaat]

I dont have to ---
i am seeing the worthless trading drama here --

do as per your convineance-----

4 TF--- next day 3 TF----then 2 TF



all waste all waste waste

[sonila]

amol, if we take only 3 pts as the total cost of trade of 1 nf lot,
then 30 points willbe total trade cost in 10 trades. so the net will be 37 points gain

[amolvpatankar]

[amolvpatankar]

[Rahulsharmaat]

thanks

can u please explain me how this trade was done

ad what u exactly mean by engulfing

please explain



As per the PARRAY Strategy, on 2 min tf following trades were done.
BUY @ 4744 @ 10.11 am
SELL @ 4762 @ 10.31 am (Profit booked) +18 points

[smsmss]

[Rahulsharmaat]

and what u exactly mean by engulfing

please explain

u mean if first 15 min not breaking yesterday range then use 2 min at 9.50--10 am-- and trade

if breaking either way--then trade in 3--or 4 min

am i right amol\

[amolvpatankar]

[forexmoney]

gm guys

[amolvpatankar]

today 15 min is engulf as compared to last trading session..so we need to trade on 2 min tf between 9.50 to 10 ..seniors please confirm