iCharts Discussions

[maneesh007]

Dear Friiends & Seniors,

I want to discuss a strategy, which is a mix of Pivots ,Fibonacci & money management. but my technique of calculation is different, which I will discuss at the end of testing phase. I have tested this technique & found it really encouraging. The purpose to share this method is to make it strong as well as come together to share with each other, no other intention.I need people who can concentrate on this method & put their ideas. Offcourse only paper trading is allowed during testing phase( 1 month).

Initially we r taking RIL & Nifty, but will add later on.
Trade size - RIL min 25 to max 75 shares
Trade Type - Daytrading

Rules of the strategy :

1) I will post my Buy & Sell Levels of RIL & Nifty with SL at 10:15 am daily.

2) We will let the noise settle down first.

3) We will see the pivot for our reference, if price is sustaining above the pivot then chances of Longs is there & vice versa

4) Then we will watch the Charts & C that what is the direction of the market & initiate our first trade according to the levels.

5) We will wait for our first target & if it is achieved , we will book the profit or c for the next target with proper SL

6) If our first target is not achieved, we will reverse our position with double Qty. at the SL & this will continue max 3 times. I m using 3 times to cover all risk.

Example :

1) we enter long with 25 shares of RIL, If target achieved, Trade is closed

2) If not we will reverse(Short) our trade with 50 shares, If target achieved, Trade is Closed.

3) If not we will reverse(Long) our trade with 75 shares, If target achieved, Trade is Closed.

4) If not will wait for the next day levels.

Friends & speacially seniors, pzz give me proper feedback & Kind support so that we can make it a success.

P.S : Together, we can make a difference

Warm regards,

Maneesh Bhardwaj

[NORBE_1958]

awaiting to see the progress

[maneesh007]

Dear frinds

Today levels
RIL

Long Short Pivot

1759.14 1746.86 1838.13
SL 1746.86 Sl 1759.14 1808.57
1791.27 1714.73 1786.13
1811.14 1694.86 Pivot 1756.57
1843.27 1662.73 1734.13
1704.57
1682.13

Nifty

Long Short Pivot

3435.58 3429.42 3465.78
SL 3429.42 SL 3435.58 3455.67
3451.71 3413.29 3439.68
3461.68 3403.32 Pivot 3429.57
3477.81 3387.19 3413.58
3403.47
3387.48

I will also post Chart after market closing with our executed trades.

warm regards,

Maneesh bhardwaj


P.S: Together, we can make a difference.

[maneesh007]

Dear frinds

I think their is something wrong with formating, I will Attach excel sheet next time.
Today levels
RIL

Long Short Pivot

1759.14, 1746.86 , 1838.13
SL 1746.86 , Sl 1759.14 , 1808.57
1791.27 , 1714.73 , 1786.13
1811.14 , 1694.86 , Pivot 1756.57
1843.27 , 1662.73 , 1734.13
, 1704.57
, 1682.13

Nifty

Long Short Pivot

3435.58 , 3429.42 , 3465.78
SL 3429.42 , SL 3435.58 , 3455.67
3451.71 , 3413.29 , 3439.68
3461.68 , 3403.32 , Pivot 3429.57
3477.81 , 3387.19 , 3413.58
, 3403.47
, 3387.48

I will also post Chart after market closing with our executed trades.

warm regards,

Maneesh bhardwaj


P.S: Together, we can make a difference.

[maneesh007]

Dear friends,

Sorry for mess up, now I m attaching Levels as excel attachment.



Warm reagards

Maneesh bhardwaj

[maneesh007]

Dear norbe,

Thanks for your response...


warm regards,
Maneesh Bhardwaj

P.S : Together, we can make a difference.

[maneesh007]

Dear friends,

I know, I am not a good writter & I don't know how to put forward my strategy or Idea in a proper manner. But, I know that this strategy has some logic and needs some fine tunning which can be done.And I will do it..... May be, the name of my strategy looks funny, but, that's what my nature is & I love humour in every aspect of life .

Anyways, I will continue to post my levels Daily.


Warm regards,

Maneesh Bhardwaj


P.S : Together, we can make a difference.

[rksharma1091]

Maneeshji,

This is not the ulta pulta strategy.It works.If i loose the trade my next trade is double to recover last loss.I always do.There r just two sides of the coin either up or down.We get either the up or down winning or loosing.So my trades are 1x 2x 4x 8x so till i win.Once it is in my favour which is always in two or three trades then again i come back to 1x.

radhshyam bolo aur jeet lo jackpot.

[maneesh007]

Hi friends,

I have attached the levels for today as excel sheet.


Warm regards,m

Maneesh bhardwaj



P.S : Together, we can make a difference.

[maneesh007]

Dear friends,

All the targets are achieved. We are also successfull today. Let's c what happens tommorrow now . Have a good day ahead.


Warm regards

Maneesh Bhardwaj


P.S: Together, we can make a difference.

[maneesh007]

Hi sharma ji,

Sir, thanks for ur response, but, if u watch the whole scenerio with some interest, you will find that strategy is mainly not dependant on Ultaa Pultaa . Actually the main thing is levels, which hits the target mostly in first go with proper SL. The Ultaa Pultaa Idea is to cover those unlucky trades.


Warm regards,
Maneesh Bhardwaj

P.S : Together, we can make a difference

[maneesh007]

Hi friends,

Oops, it's late but, kya karu , some earning opportunities were there, which have to be cashed. Anyways the todays levels which I have already cashed are attached as excel file.


Warm regards,
Maneesh Bhardwaj


P.S: Together, we can make a difference.

[rksharma1091]

Maneesh your strategy can also be applied to NIFTY outperfoming stocks like RCAP,UNITECH,SUZLON,TATAMOTOR,TATASTEEL,DLF,RCOM,RIIL,ICICI,STERLITE AND SIEMENS.These are said to be ageing stars now from top to bottom.I mean they are in overbought zones.

[maneesh007]

Hi Sharma sir,

Thanks for giving me ur valuable comments, but sir calculating the levels of all the mentioned stocks is time consuming & by the time I will end up calculating the levels of 10-15 stocks, most of the levels will be useless for profit taking. Sir, for me 3-4 stocks r enough for taking profits.

Anyways,always waiting for ur valuable comments...
RAM NAAM JAPNAA PARAYAA MAAL APNA...


Warm regards,
Maneesh Bhardwaj

P.S : Together, we can make a difference.

[maneesh007]

Hi friends

I have att the today's levels as excel attachment.Strategy is working so far.


warm regards,

Maneesh Bhardwaj


P.S : Together, we can make a difference.