Nifty and Bank Nifty future trading - Time tested strategy

[indrajit_16]

VVV,

In gap days we need to wait till the volatility eases off. And we can then enter into trade when a channel cross over happens in the EMA series.
Regards,

Indrajit

 

[vvvv]

VVV,

In gap days we need to wait till the volatility eases off. And we can then enter into trade when a channel cross over happens in the EMA series.
Regards,

Indrajit

can u show any huge gap day when u have taken the trade with entry , exit & stoploss.
how do u find out exactly at which point volatility has eased off ?????

 

[eagle27]

Is the systm possibl in daily tm frm ?

 

[EARTHY8]

Hi,Indrajit,
Can you post the link to get the MDO/SCO values for stocks besides NIFTY?

 

[indrajit_16]

VVV,

I shall try to post one gap day trading. Using Bollinger band u can judge the volatility.

Yes Eagle in daily time frame also possible with this system, but for this u need to have nerves of steel.



Regards,

Indrajit

 

[EARTHY8]

Day trading question?
Indrajeet, thanks for the prompt reply.
I had a query, after seeing todays trade(Feb2,09),i was watching the daily nifty as well as stock specific chart of rel infra.(daily chart)I found that inspite of drawing the 3periods on the chart, the day timeframe was of little use, as the price volatility was too much,i.e the day candle showed relinfra at 548 whereas the
30/60min tf candle actually should it dropping to 535 ,then settling and further dipping below all the 3ema's.(3,13,34ema's)( the price went down from 576 to 515)
That's quite a lot of points=money!!!Fortunately i did not venture into such trade.
It was a sell signal on 30/60 min,but when you look at daily tf,it shows buy!
The daily charts still show positve MACD and SToCH.
I just want to know if i want to do day trading,which is the right time frame and what is the entry level,if the stock falls below 34ema?or just wait till there is channel cross?I use icharts also.

earthy8

 

[indrajit_16]

Earthy can u post the trade pic, if u hv?

 

[Paresh Mehta]

I wish to have chart for bankniftyfuture demo

 

[pragatipandey]

Dear Indrajit,
Can u pls tell me how to set EMA-3 and fast stoch at mentioned site.

Pls reply soon.

Regards

Folks,

I am starting a new thread on just Nifty and Bank Nifty trading. Though I was not very regular in Traderji, still I am in stock market since 1994. I have tried different methods for trading in stock market and finally got a method that is profitable to me most of the times.

I want to share my strategy with fellow traders in this forum. And if my thread helps fellow traders I will be more than happy.

Please go through my site xxxxxxxxxxxxxx where I have described my strategy in details.

For those who don't have a time to peep into my site I am describing the strategy here.

Entry: Go long when in the daily nifty chart at xxxxxxxxxxxxxxxxxx the following channel crossover happens. 3 mins EMA crosses over 13 mins EMA and 13 mins EMA crosses over 34 mins EMA. Pls note, I mentioned channel crossover. Confirm your position with RSI crossing above 50 and stochastic moving upwards. Pls do not go long when RSI is above 70/80. Your can hold you position end of day also if in the 5 days chart at http://stockmaniacs-nifty.blogspot.com/ 70 mins EMA crosses over 1030 mins EMA and stays above it.

Go short when in the daily nifty chart at xxxxxxxxxxxxxxxxxxxx the following channel crossover happens: 3 mins EMA crosses below 13 mins EMA and 13 mins EMA crosses below 34 mins EMA. Pls note, I mentioned channel crossover. Confirm your position with RSI crossing below 50 and stochastic moving downwards. Pls do not go short when RSI is below 30/20. Your can hold you position end of day also if in the 5 days chart at xxxxxxxxxxxxxxxxxx 70 mins EMA crosses below 1030 mins EMA and stays below it.

Exit: The strategy is entry by 1 day chart and exit by 5 days chart. Re entry is only by 1 day chart. Exit long when MACD in 5 days chart enters negative zone. Exit short when MACD in 5 days chart enters positive zone. Re-enter long or short if EMA channel crossover in 1 day chart happens again.

Thus, you can avoid the sideways market whipsaws.

My ultimate strategy: Trade less but trade profitable, earn more and give away less brokerage, bcoz the brokers sucks. So hold onto your position as long as price show an opposite trend.For more details and live Nifty and Bank Nifty charts pls visit my site http://www.stockmaniacs.blogspot.com/. Your comments are welcome.

Regards,

Indrajit Mukherjee

 

[buysell]

excellent strategy..keep it up