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Trading iCharts Levels- RR Sir's WAY |
Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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Post: #1  Posted: Wed Jul 04, 2012 7:37 am Post subject: Trading iCharts Levels- RR Sir's WAY |
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Hi All,
RR Sir has shown us a simple method of trading the amazing iChart levels.
Starting this thread to post the levels for intraday Nifty trading the RR sir way.
I am not able to find the simple rules he has laid out.
If someone can post it to help the users of this thread it would be great.
Please remember once SAR hits the stop loss is yet to be defined by RR sir. I would go with a 20 point or the LOC as stop loss.
Happy Trading 
Regards
JT |
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doctorshah
White Belt
Joined: 24 Jul 2011
Posts: 95
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| Post: #2 Posted: Wed Jul 04, 2012 7:57 am Post subject: |
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| JT sir please refer thread " how to detect whipsaw" dt 27/6 |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #3 Posted: Wed Jul 04, 2012 8:04 am Post subject: |
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| doctorshah wrote: | | JT sir please refer thread " how to detect whipsaw" dt 27/6 |
Thanks doctorshah but I am not able to find the thread  |
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guru.july
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Joined: 13 Jul 2010
Posts: 82
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doctorshah
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Joined: 24 Jul 2011
Posts: 95
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| Post: #5 Posted: Wed Jul 04, 2012 8:09 am Post subject: |
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Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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| Post: #6 Posted: Wed Jul 04, 2012 8:28 am Post subject: |
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| doctorshah wrote: | Hello smartcancerian
I give you my strategy for trading in Nifty with icharts levels.. you workout and tell me in same fashion what you will do for stocks !!
For Nifty Trading:
Following is the Strategy:
1. Short Nifty 10 points above BULL level. Stop will be 20 points from Bull level.
2. If it crosses 20 points from BULL level it should rock on upside.
3. Buy Nifty 10 points below BEAR Level. Stop will be 20 points from Bear Level.
4. After crossing 20 points above BULL Level and subsequently if it pierces LOC, then Nifty will crash land.
5. After breaching 20 points below BEAR Level and subsequently if it crosses LOC, then it will moveup with momentum.
How do you takeup trades with the above strategy:
1.When you short 10points above BULL Level, then 20th point from BULL Level will become SLR.. and now your TGTS are LOC and BEAR Level
2. When you long 10 points below Bear Level, then 20th point from BEAR Level will become SLR..and now your TGTS are LOC and BULL Level.
You understand upto this point clearly, then I will tell you how to takeup SLR trade and explain you, how powerful is LOC level after Nifty crossing 20 points from either BULL or BEAR Level.
whatever I have explained now, first you backtest icharts levels with charts and revert to me.
For Nifty its 20 points play a vital role and for stocks its different figures taking into account value of stocks.
Best Wishes
C T RAMESH RAJA |
Many Thanks Doctorshah and Guru |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #7 Posted: Wed Jul 04, 2012 10:53 am Post subject: |
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nice one
keep posting |
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Just Trade
Brown Belt
Joined: 15 Nov 2007
Posts: 2388
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