iCharts Discussions

[nakum]

this strategy origeneted by Mr. Parry and modified by me

Set up

1) Select J-Charts (Premium)

2) Select Nifty-1m

Entry and Exit:

(A) When WMA10 crosses SMA45 line from down side to upside then go LONG (Buy)

(B) When WMA10 cross SMA45 from upside to down then go SHORT (sell)

(C) Use the same principle to to exit long or short

at the market opening pls see carefully

a) 2 min Time Frame is good for the scenario where the first 15 minute of market movement overlapping (engulfing) previous day range down side or up side.

Take the entry as per signal around 9.50 am or new crossover first

b) 3 min tf is good when first 15 minutes market move is out of the previous day range not overlapping previous day market movement.

Take the entry around 9.30 am as per the signal. or new crossover first

c) target for half qunt.20 point and remaineing half qunt. SL at par ( rate to rate ) and tgt 50 point or signal change (new crossover)

Note- (1) trade avoid if nifty play 20-30 range and wait for breaking the range
(2) It is purely day trading strategy. pls do not carry any position over night. if target not completed squre position before market closing 3.27 pm

+ All ICHARTS users give your suggetion

THANKS MR.PARRY

With regs
B.S.Nakum
Indore

[nakum]

Today trade

1) sell nifty @4889 book profit half qunt.@4869 and bal. half qunt.4849 average gain for this trade 30 point

2) buy nifty @4886 book profit full qunt @ 4906 gain for this trade 20 point

Total gain 50 point

[opportunist]

works great when it is a strong trend...in normal times by the time I enter as per the MA crossings it has began reversal.... another MA crossover strategy

[aromal]

[amitkbaid1008]

[amitkbaid1008]

[nakum]

As per the strategy today trade

1) sell nifty @4868 book profit for half qunt @4848 and bal qunt SL at par (4868) and trail the SL of difference of nifty low of 20 point and trigger it @4854 average profit for this trade 17 point

2) buy nifty @4859 SL trigger @ 4843 loss for this trade 16 point

3) sell nifty @4843 book half qunt profit @4823 and bal half qunt @4803 total profit for this trade average 30 point

today's total profit net +31 point in 3 trade

after today's trade some more modification needed

I will post letter

[nakum]

For modified strategy pls see new post

The simplest way-take own dicision

http://www.icharts.in/forum/viewtopic.php?t=3897