FNO Trading

[pasupathy]

NEXT REVERSAL DATE FOR NIFTY IS 2nd MARCH + OR - 1 DAY.

I will see the price action on that day and decide whether it will be uptrend or downtrend going forward..

Have a great weekend..

 

[jagankris]

NEXT REVERSAL DATE FOR NIFTY IS 2nd MARCH + OR - 1 DAY.

I will see the price action on that day and decide whether it will be uptrend or downtrend going forward..

Have a great weekend..

1) How do you predict the next reversal Date ?
2) What has Nifty trend has to do with your day trading ?

 

[pasupathy]

1) How do you predict the next reversal Date ?

Can't reveal it right now. Lets first see whether it happens then we will discuss about it ...

2) What has Nifty trend has to do with your day trading ?

It has nothing to do with my trading. Just a general perspective. Nifty Up or Down doesn't matter.

 

[Vijay11]

Hi Pasupathy,
Read your trading journal. Quite 'Good & Impressive".
So far, you have kept the 'Trading Strategy' under tight wraps.
Don't you think it is time to share it with us all!
Think about it.
Shall await your reply.
If you do divulge, I shall start the thing in Cash with 10 to 20 shares (Lost heavily in Options in Feb. series)
Thanks.

 

[Vijay11]

Hi Pasupathy,
I think you are using some scanner with an eye on the trend of Nifty.
Most of your trades were carried out by 'Shorting'.
But, the thing which perplexed me was the TF of your Candle, i.e. 20M.
It means your trading portal/platform is from a Broker who facilitates the Time of Candle as per your choice! (20M is not common!).
Years ago, when I had the Kotak Platform, this facility was there (don't know for the present, as using Zerodha for the present).
Well, trying to decode your charts (whether it is pure price action or some help from Indicators).
Hope I am nearer to the truth!
(you can lend a helping hand in solving the mystery)
BTW, 02 Mar, 18 is a Holiday! So the probable Date of change could be 01 Mar, 18 for Nifty! (being Thursday).

Vijay11

 

[timepass]

You can define 20minutes TF in Sharekhan's Tradetiger

 

[retireby40]

Hi Pasupathy
Good Job!

 

[Vijay11]

Hi Timepass,
Thanks for the information on Tradetiger. I have heard that their software is splendid, albeit a bit costly.
But then, good things always cost more (like high PE shares of good pedigree).
Besides TF used by Mr. Pasupathy, trying to decode his trading style.
Probably, he is following SGXNIFTY
I know SGXNIFTY can be followed throughout the day, but never found the way to follow stocks on that
Perhaps, chartnexus can do that (will have to download the software for that) or you guys can enlighten me on that.

Thanks friends.
Waiting to see the post (with chart) from Mr. Pasupathy.
For today, I am following IOC (Bonus share), Reliance and Escorts
Hope they churn out something good.

ATB (all the best) to all.
Vijay11

 

[pasupathy]

Hi Pasupathy,
Read your trading journal. Quite 'Good & Impressive".
So far, you have kept the 'Trading Strategy' under tight wraps.
Don't you think it is time to share it with us all!
Think about it.
Shall await your reply.
If you do divulge, I shall start the thing in Cash with 10 to 20 shares (Lost heavily in Options in Feb. series)
Thanks.

Hi Vijay11,

Thanks for the wishes ..

I don't plan to reveal my trading strategy as of now. I don't want it being sold under someone's name for a price.

Nobody will SHARE or SELL a profitable strategy. Why do they have to sell if they can profit from it. Heard of the story "goose that laid the golden egg.."

I respect all those who shared their strategy in this wonderfull forum ... But I am not for it as of now ... Sorry

Regards

 

[pasupathy]

Hi Pasupathy,
I think you are using some scanner with an eye on the trend of Nifty.
Most of your trades were carried out by 'Shorting'.
But, the thing which perplexed me was the TF of your Candle, i.e. 20M.
It means your trading portal/platform is from a Broker who facilitates the Time of Candle as per your choice! (20M is not common!).
Years ago, when I had the Kotak Platform, this facility was there (don't know for the present, as using Zerodha for the present).
Well, trying to decode your charts (whether it is pure price action or some help from Indicators).
Hope I am nearer to the truth!
(you can lend a helping hand in solving the mystery)
BTW, 02 Mar, 18 is a Holiday! So the probable Date of change could be 01 Mar, 18 for Nifty! (being Thursday).

Vijay11

Hi Vijay,

I think you are mistaken ... the timeframe I use is 5 mins. No where I have posted 20tf chart ... maybe you are seeing it wrong..

I don't prefer shorting ... but if the stock is going to fall then why to buy it ... so just playing what my system says ...

I use MT4 for charting purpose ... I don't use any broker charting ...

Its not price action ... maybe people who know PA can relate to it or people who are into candlestick can relate to patterns ... I don't know about it ...

Cheers