iCharts Discussions

[shika]

Dear friends,
The SYSTEMS OR METHODS which I am writing in SB or elsewhere are only rediscovered, (which might have been
discovered /invented earlier by great fellow traders in the past and as such I am not claiming as mine) with some conditions and also found out entry, exit , stop loss , when to book partial and when to book full .

This process took almost five plus years to arrive at some methods to take successful trades particularly in BANK NIFTY FUTURES AND OPTIONS which are proving successful to me from past three plus years.

In the process of arriving those methods ( 5 methods for intra trading and 2 methods for positional and options) I have faced a lot of problems not just money but also mental tension.

By GOD`s grace and by sticking to one index ( bank nifty futures)
I have not only recovered 5 to 6 times of lost money but now making continuous profits daily.

Just to help fellow traders I am giving / writing the methods / systems which have proved to be successful to me. Now it is upto to traders
to take or leave it .

I feel that first three methods that I have discovered would be sufficient for a intraday trader to make decent profits consistently which I will write in Icharts forum in near future .

GOOD LUCK
shika (ays)

[shanticomq]

Dear Shika,

Please Explain the System it Will Help all Ichartians.

Thanks In Advance.

SANJAY.

[maooliservice]

Dear Shika,

Eagerly waiting to know the System it Will Help all Ichartians.

Thanks In Advance.

Mohan

[shika]

My first system / method to trade bank nifty futures
It is based on HH HL and LL LH
Take the range of HH and HL for longs and vice versa for shorts
Find fibonacci levels for range
I will take today trade as example, HL is 26145 and HH is 26384.65
Range is 239.65
Levels are 26201.56 , 26236.55 , 26264.83 , 26293.11 and 26328.10
Now I will wait for two rejections in 15tf at 26236.55 then in next candle or susequent candles
I will enter longs around 26236.55 or few points below it
My target is 26293.11 or few points above it and second target is 0.618 of today`s range at 26322.12
Stop loss is 10 points below 26201.56
My next entry will be only on sustaining above 26293.11 and take entry close to 26264.83
Level , stop loss same , targets 26369 ( 15 to 20 points below high ) partial booking and next
Target around 26416 (15 to 20 points below fibonaci extension level)

Today I entered around 26231 and exited partial around 26301 as there is a event will take light positions on
Fulfilling conditions
Anything missed in this topic will discuss later

BEST OF LUCK
SHIKA ( ays)

Note If experts find anything to be added most welcome , it is open for further improvement

[shanticomq]

Thanks A LOT SHIKA for sharing ur wonderful system.

[shika]

This system / method has given more than 150 points today.
Please do post whoever have done trades based on this system with no. of points earned.


Shika

[manojkr78]

can you post the levels based on this strategy for first few days......

[shika]

[shika]

Today if conditions satisfied around 26263.21 will short with stop at 26323,
can chek method for tgts.

shika

[shika]

my todays trades in bnf
Though it opened weak, but it could not break yesterday`s low in 1st 15tf,
in such cases it becomes buy for me for a target of 0.618 of 243.25 ( 27029-26785.75), hence booked at 26938 and sold at 26946 and bought at 26886 which is 0.382 of yesterday low and today high.

shika

[shika]

Today first method which I discussed earlier here had given more than 200 points in 15tf close above 27051.68.

shika

[AMBY]

[channasri]

[shika]

Today 1st method gave me 90 points, ( based on low 27155 and high 27425, posted in sb) of course other methods gave me more than 200 points ( could not post anywhere as after taking trade market moved fast ).


Shika

[chandrujimrc]

Dear shika,
What about other methods?