following a mechnical system

[lasty66]

search for linkons faivorate afl in traderji. backtest them. watch them for few days. watch 2 to 3 systems at a time. i use multiple of systems. i am working on them. i use kpl 20. i dont use kpl as primary afl. i use 5 systems at a time.
serach google wisestocktrader u can find lots of amazing afls there. :thumb:

Thanks Nilesh, I appreciate ur guidance..... by the way what time frame do u follow? i guess u have some reservations in posting ur chart screen shots... i can understand..
Vijay

 

[nilesh53333]

Thanks Nilesh, I appreciate ur guidance..... by the way what time frame do u follow? i guess u have some reservations in posting ur chart screen shots... i can understand..
Vijay

usually i use 30 min 1 hour timeframe. i have no problem posting a chart here. but as i said earlier i use 6 to 7 systems. one more thing i search for current month loss making systems which are profitable before current month. then i trade according to that system. when it will give me profit in 2 to 3 trades. i search for next system. sometimes i use 15 min timeframe also. if i see 15 min chart has last 10 to 12 loss making trades. i enter into that system with 15 min timeframs. as according to me it gives profit in 4 to 5 trades most times. though this is not good trading method. still i use it. :thumb: :thumb:

 

[nilesh53333]

banknifty bought 26.5.11 at 10395 now 10918.
profit of 523 points. will show net postion tommorow. :cheers:

 

[lasty66]

banknifty bought 26.5.11 at 10395 now 10918.
profit of 523 points. will show net postion tommorow. :cheers:

Wow Nilesh....Kya baat hai !!.......:thumb:

 

[nilesh53333]

holding banknifty bought at 10395 :eat:

 

[ghela2605]

Still holding Bank nifty.....???

 

[nilesh53333]

Still holding Bank nifty.....???

yes still holding banknifty bought at 10395.

 

[ghela2605]

What is your target for bank nifty........
Bcz i m in short today.......

 

[nilesh53333]

What is your target for bank nifty........
Bcz i m in short today.......

i am postional trader. my target is 6%. i will book around 11000 or i will wait for sell signal. lets see. :thumb:

 

[nilesh53333]

holding banknifty bought at 10395. :thumb: