iCharts Discussions

[channasri]

Hi,

Please note ChannasriSAR for 22-12-2015:

Nifty: 7748 (This is ChannasriSAR in spot)
TSL for longs: 7772 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7730 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7810 is critical.

Bank Nifty: 16628
TSL for longs: 16656
SL for shorts (if trend reverses): 16600
Bank Nifty intraday: 16800 level is critical.

Relinfra: 438.50
TSL for longs: 442.25
SL for shorts (if trend reverses): 438.50
Relinfra intraday: 450 is critical.

NOTE: Nifty and bank nifty in different directions as far as my trading system is concerned is a matter of concern to me. Significant movements can be expected when both are aligned in one direction. Let's see the market's verdict to FED decision.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[trendy]

Hi Channasri,

Thanks for regularly posting your views.
In case you are tracking performance, can you please share it with us.

Best Regards,
Trendy

[channasri]

Hi Trendy,

I have attached about 33 months performance chart of ChannasriSAR. You will find 2 graphs - first with OHLC vs ChannasriSAR in daily charts and the other with EOD vs ChannasriSAR in daily charts.

Dear novice traders,

Please note the changes in the NOTE which are based on my observations.

Please note ChannasriSAR for 23-12-2015:

Nifty: 7755 (This is ChannasriSAR in spot)
TSL for longs: 7773 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7740 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7810 is critical.

Bank Nifty: 16639
TSL for longs: 16687
SL for shorts (if trend reverses): 16600
Bank Nifty intraday: 16800 level is critical.

Relinfra: 440.75
TSL for longs: 445.00
SL for shorts (if trend reverses): 440.75
Relinfra intraday: 450 is critical.

NOTE: Nifty and bank nifty in different directions as far as my trading system is concerned is a matter of concern to me. Significant movements can be expected when both are aligned in one direction. Let's see the market's verdict to FED decision.

I prefer to use 7 SMA in 3 or 5 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[trendy]

Hi Channasri,

Thanks for the charts.
Can you share if available - performance in terms of points gained or ROI% in this period, best period, worst period etc.

Best Regards,
Trendy

[channasri]

Hi Trendy,

All I would say is that the performance chart itself gives profit/loss from signal to signal. ChannasriSAR has delivered despite of the recent four big events: FED event of October last week, Bihar election, RBI policy and recent FED decision of rate hike. I am sorry to say that I do not have the kind of data you are looking for.

Dear novice traders,

I am happy to mention that ChannasriSAR has captured the ongoing rally in Relinfra. It started on 16th Dec at 431 and still in progress. On 24th Dec, Relinfra closed at 493.2, a gain of about 60 points or Rs. 78,000. This demonstrates the benefits of disciplined trading and controlling emotions while following a time tested and good trading strategy.

I encourage you to test a simple positional trading strategy. Just take 13 days EMA in daily charts, draw a trendline at this value in JCharts of 3 or 5 min. time frame. Use crossover of 5 SMA or 7 SMA over this trendline for trades. The trendline changes from day to day as per daily charts.

Initially, do only paper trades (writing down on paper without investing hard cash). Then invest in few shares as per this system. When you get confidence, switch over to F&O. But remember one thing: trading strategies need to evolve over a period of time. No single trading strategy suits every trader. Very importantly, hedge your positions, stick to stop loss and decide to book profits when you are happy with it.

May GOD bless one and all.

Please note ChannasriSAR for 28-12-2015:

Nifty: 7801 (This is ChannasriSAR in spot)
TSL for longs: 7818 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7780 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 is critical.

Bank Nifty: 16713
TSL for longs: 16768
SL for shorts (if trend reverses): 16700
Bank Nifty intraday: 16800 level is critical.

Relinfra: 454.50
TSL for longs: 460.25
SL for shorts (if trend reverses): 454.50
Relinfra intraday: 484 is critical.

NOTE:

I prefer to use 7 SMA in 3 or 5 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[trendy]

Thanks for the update, Channasri.

[channasri]

Hi,

Please note the changes made to 'NOTE' section.
Please note ChannasriSAR for 29-12-2015:

Nifty: 7830 (This is ChannasriSAR in spot)
TSL for longs: 7852 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7825 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7890-7915 range is critical.

Bank Nifty: 16777
TSL for longs: 16828
SL for shorts (if trend reverses): 16750
Bank Nifty intraday: 17050 level is critical.

Relinfra: 462.50
TSL for longs: 469.75
SL for shorts (if trend reverses): 454.50
Relinfra intraday: 487 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 30-12-2015:

Nifty: 7854 (This is ChannasriSAR in spot)
TSL for longs: 7873 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7840 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7890-7915 range is critical.

Bank Nifty: 16828
TSL for longs: 16886
SL for shorts (if trend reverses): 16820
Bank Nifty intraday: 17050 level is critical.

Relinfra: 472.25
TSL for longs: 481.50
SL for shorts (if trend reverses): 472.25
Relinfra intraday: 498 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Relinfra closed at ~515. A gain of 84 points (from ChannasriSAR of 431 on 16-12-2015) or ~ Rs. 1,09,000 per lot in one trade!

Please note ChannasriSAR for 31-12-2015:

Nifty: 7864 (This is ChannasriSAR in spot)
TSL for longs: 7881 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7850 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7890-7915 range is critical.

Bank Nifty: 16853
TSL for longs: 16890
SL for shorts (if trend reverses): 16820
Bank Nifty intraday: 17050 level is critical.

Relinfra: 481.50
TSL for longs: 490.25
SL for shorts (if trend reverses): 481.50
Relinfra intraday: 505 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Wish you all a very happy and prosperous new year 2016.

Relinfra closed at ~547. A gain of 116 points (from ChannasriSAR of 431 on 16-12-2015) or ~ Rs. 1,50,000 per lot in one trade!

Please note ChannasriSAR for 01-01-2016:

Nifty: 7883 (This is ChannasriSAR in spot)
TSL for longs: 7897 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7870 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7890-7915 range is critical.

Bank Nifty: 16874
TSL for longs: 16892
SL for shorts (if trend reverses): 16850
Bank Nifty intraday: 17050 level is critical.

Relinfra: 495.25
TSL for longs: 505.75
SL for shorts (if trend reverses): 495.25
Relinfra intraday: 525 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[ninjadude]

BELATED MERRY CHRISTMAS AND A HAPPY , PROSPEROUS NEW TRADING YEAR 2016 TO ALL THE TRADERS HERE

[channasri]

Hi,

Relinfra continued its dream run and closed at ~592. A gain of 161 points (from ChannasriSAR of 431 on 16-12-2015) or ~ Rs. 2,09,000 per lot in one trade!

Please note ChannasriSAR for 04-01-2016:

Nifty: 7899 (This is ChannasriSAR in spot)
TSL for longs: 7913 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7870 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7890-7930 range is critical.

Bank Nifty: 16909
TSL for longs: 16935
SL for shorts (if trend reverses): 16850
Bank Nifty intraday: 17050 level is critical.

Relinfra: 515.25
TSL for longs: 529.00
SL for shorts (if trend reverses): 515.25
Relinfra intraday: 600 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 05-01-2016:

Nifty: 7883 (This is ChannasriSAR in spot)
TSL for shorts: 7850 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7883 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7780-7790 range is critical.

Bank Nifty: 16858
TSL for shorts: 16750
SL for longs (if trend reverses): 16858
Bank Nifty intraday: 16500 level is critical.

Relinfra: 533.00
TSL for longs: 550.25
SL for shorts (if trend reverses): 533.00
Relinfra intraday: 600 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 06-01-2016:

Nifty: 7866 (This is ChannasriSAR in spot)
TSL for shorts: 7850 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7866 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7780-7790 range is critical.

Bank Nifty: 16800
TSL for shorts: 16732
SL for longs (if trend reverses): 16800
Bank Nifty intraday: 16500 level is critical.

Relinfra: 550.75
TSL for longs: 569.25
SL for shorts (if trend reverses): 550.00
Relinfra intraday: 600 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 08-01-2016:

Nifty: 7792 (This is ChannasriSAR in spot)
TSL for shorts: 7757 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7800 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7580 is critical.

Bank Nifty: 16206
TSL for shorts: 16487
SL for longs (if trend reverses): 16606
Bank Nifty intraday: 16000 level is critical.

Relinfra: 564.50
TSL for longs: 564.50
SL for shorts (if trend reverses): 550.00
Relinfra intraday: 600 is critical.

NOTE:

I prefer to use 7 SMA in 3 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri