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TRADING SYSTEMS -SHIKA |
shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #16 Posted: Tue Jan 01, 2019 11:40 am Post subject: |
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Today first method has given more than 160 points
this method may give about 300 to 500 points in a month .
In the evening will discuss next method which is based on pivots ( again this method will give about 300 to 400 points in a month)
Third method will discuss later, each method gives about 3 to 5 entries in a month and all methods can give about 900 to 1200 points per month.
Note : All the three methods for intra trade only no carried forward
shika |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #17 Posted: Tue Jan 01, 2019 7:56 pm Post subject: |
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Method based on daily PIVOTS ,SUPPORTS AND RESISTANCES
For longs , If Bank nifty futures traded below pivots for two or three days and then if it opens above pivot and trades above it for 1st 15 min, then it becomes a buy , target 1st resistance stop would be 10 points below 1st support, if in the 1st 15 min, itself if it crosses 2nd res, then it becomes a strong buy,
vice versa for shorts
today is classic example for short as well as long
SHIKA |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #18 Posted: Fri Jan 04, 2019 7:26 pm Post subject: |
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My second method based on PIVOTS has given me more than 450 points, one long at 27150 sold at 27410 and two sell at 27419 bought at 27220.
this method has done its target for this month.
Patience rewards when we take correct trades
with in three days result is seen
shika |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #19 Posted: Tue Jan 08, 2019 12:02 pm Post subject: |
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Today second method has given more than 100 points , again will short below 27323 for 70+ points , buy above 27455 for 80+ points
shika |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #20 Posted: Tue Jan 08, 2019 2:10 pm Post subject: |
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second trade of the day 80 + points, now sustaining above 27535 can give 100 + points
shika |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #21 Posted: Tue Jan 08, 2019 2:44 pm Post subject: |
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now no trades as month high needs to sustain
shika |
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kingkrunal White Belt
Joined: 22 Jun 2012 Posts: 498
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Post: #22 Posted: Sun Mar 10, 2019 12:29 am Post subject: |
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shika wrote: | now no trades as month high needs to sustain
shika |
Hi
Thanks for the details. You said u have use some positional method too. Can you please explain those if possible?
Thanks |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #23 Posted: Mon Mar 11, 2019 1:24 pm Post subject: |
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kingkrunal wrote: | shika wrote: | now no trades as month high needs to sustain
shika |
Hi
Thanks for the details. You said u have use some positional method too. Can you please explain those if possible?
Thanks |
Dear friend
I cannot discuss the positional methods, but however I can give you some clues about the method and give the trades where I entered based on this method with stop loss and targets.
I prepare the levels based on previous two month data.(1st clue) For positional trades I wait for a day or two. Month open trade becomes very important ( 2nd clue ) , then I look for levels for buy or sell , with stop loss,
once bank nifty futures trades above my buy level , next I look at weighted average till that level and if the last trade ( in 15tf) is trading above my level and weighted average ( 3rd clue), then it becomes a buy.
From past few months I stopped trading intra just trading positional, as I am busy with other business.
Bank nifty futures I bought on 5-3-19 after 9.30 candle close around 27162 with stop at 26990 tgts 27868 and 28128
similarly for nifty futures buy above 10928 with stop 10815 tgts 11079 and 11168. 11187 to 11228 strong res zone
Even reliance futures levels are matching
shika |
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sunny_cool White Belt
Joined: 06 Jan 2016 Posts: 6
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Post: #24 Posted: Fri Jun 28, 2019 6:49 pm Post subject: |
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test |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #25 Posted: Fri Jun 28, 2019 9:46 pm Post subject: |
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hi,
whats the password?
regards,
Chetan |
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