iCharts Discussions

[channasri]

I have suggested a way to make use of the trading levels mentioned as daily updates:

A typical daily update is like this (all the values will be in SPOT):
Pls note ChannasriSAR for x-x-xxxx: A
SL for longs: B
SL for shorts (if trend reverses): C
Nifty No. for positional shorts (if trend reverses): D

All you need is 5EMA in 5 minutes time frame of icharts. I will refer to this as 5EMA here. When 5EMA positively crosses over ChannasriSAR or 'A', buy nifty futures. Suppose nifty spot rises above 'B' and then starts falling such that 5EMA negatively crosses 'B' book profit.

If nifty spot comes down further and 5EMA negatively crosses ChannasriSAR or 'A', sell nifty futures. Suppose nifty spot falls below 'C' and then starts rising such that 5EMA positively crosses 'C' book profit.

If 5 EMA closes below ChannasriSAR or 'A', on EOD (end of day) basis, carry the short position to the next trading session. Hedge this position with a call option about 100 points above ChannasriSAR.

If 5 EMA closes above ChannasriSAR or 'A', on EOD (end of day) basis, carry the long position to the next trading session. Hedge this position with a put option about 100 points below ChannasriSAR.

I have attached performance chart of ChannasriSAR for 17 months just a few days ago. Kindly spend some time to understand the system.

Level 'D' is given to help in those days when trend reverses and doubtful traders can take some more conviction to reverse the positions.

This is a daily charts based trading system for positional traders. I request the readers of my thread to note that futures trading method described here is all about following the trend so that the probability of booking profit is quite high. At the same time, there is no method as per my knowledge that can give profit every time. It is all about calculated risks.

Pls note ChannasriSAR for 12-9-2014: 8097
SL for shorts: 8097
SL for longs (if trend reverses): 8110
Nifty No. for positional longs (if trend reverses): 8125

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 15-9-2014: 8102
SL for longs: 8102
SL for shorts (if trend reverses): 8080
Nifty No. for positional shorts (if trend reverses): 8069

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 16-9-2014: 8093
SL for shorts: 8080
SL for longs (if trend reverses): 8110
Nifty No. for positional longs (if trend reverses): 8115

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 17-9-2014: 8063
SL for shorts: 8048
SL for longs (if trend reverses): 8080
Nifty No. for positional longs (if trend reverses): 8115

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 18-9-2014: 8047
SL for shorts: 8025
SL for longs (if trend reverses): 8070
Nifty spot No. for positional longs (if trend reverses): 8100

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 19-9-2014: 8049
SL for longs: 8049
SL for shorts (if trend reverses): 8025
Nifty spot No. for positional longs (if trend reverses): 8000

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 22-9-2014: 8069
SL for longs: 8100
SL for shorts (if trend reverses): 8040
Nifty spot No. for positional longs (if trend reverses): 8040

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 23-9-2014: 8081
SL for longs: 8093
SL for shorts (if trend reverses): 8050
Nifty spot No. for positional longs (if trend reverses): 8040

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 24-9-2014: 8065
SL for shorts: 8065
SL for longs (if trend reverses): 8100
Nifty spot No. for positional longs (if trend reverses): 8100

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 25-9-2014: 8050
SL for shorts: 8025
SL for longs (if trend reverses): 8075
Nifty spot No. for positional longs (if trend reverses): 8100

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 26-9-2014: 8022
SL for shorts: 8000
SL for longs (if trend reverses): 8050
Nifty spot No. for positional longs (if trend reverses): 8050

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 29-9-2014: 8014
SL for shorts: 7999
SL for longs (if trend reverses): 8050
Nifty spot No. for positional longs (if trend reverses): 8050

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 30-9-2014: 8006
SL for shorts: 7989
SL for longs (if trend reverses): 8025
Nifty spot No. for positional longs (if trend reverses): 8050

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 1-10-2014: 7999
SL for shorts: 7986
SL for longs (if trend reverses): 8020
Nifty spot No. for positional longs (if trend reverses): 8040

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri

[channasri]

Pls note ChannasriSAR for 7-10-2014: 7988
SL for shorts: 7973
SL for longs (if trend reverses): 8020
Nifty spot No. for positional longs (if trend reverses): 8040

Use 5 EMA in 5 min charts and the levels provided here for booking profits and trades. Always hedge your positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

Best regards,
Channasri