nifty swing trading ideas without TA

[gurmy.]

Hi,

When considering BUY or SELL based on last 2 days HI / LO cross, do we immediately BUY or SELL or we apply a filter of some points, for example if last 2 days high are 5919.95 & 5965.15, tomorrow if NIFTY SPOT makes a high 5966, we immediately jump in the trade with SL 5946 or we wait for some kind of confirmation.

Thanks

Kailash

i cant wait to get in trade
so for me 1 or 2 point above is enough to enter

thanks

 

[gurmy.]

GM,friends

update on system call

sold 2 lots yesrday @ 5888

covered 1 lot @ 20 pts profit

exit for today is above 5965

fresh buy also above 5965

thanks

 

[geetakapour]

this is the best thread discussion on traderji i have ever seen, thx gurmi ji

 

[geetakapour]

but one more thing i wud like to add is can we do the same with 3 day high low crossing with 2 day high low stoploss for delivery based trading

 

[anup]

@gurmy... hmmm!! getting good reviews from the users!!. Keep going bro

 

[hmp]

this is the best thread discussion on traderji i have ever seen, thx gurmi ji

i agree with you. Gurmiji its another best thread after sg /asnavale' sir's quadra.thanks a lot. Pl. Keep it up.

 

[gurmy.]

but one more thing i wud like to add is can we do the same with 3 day high low crossing with 2 day high low stoploss for delivery based trading

yes u can do it

this is just one idea(two days high/low)

u can build your own system around it by modifying it as per your style

make rules for entry,exit and sl,backtest it

check the results of backtest, u may not like it first time

then think how u can improve it,by making small changes to your system

this is the key "how to improve it"

i dont give much importance to system

to me a system is just an out line of a trading plan

the more important is, how u manage once u enter a trade

so analyze the backtest data,it will further give u new ideas to improve your system

thanks for taking interest

 

[anup]

nifty should break 5860 then we will have bear fest!!

 

[gurmy.]

nifty should break 5860 then we will have bear fest!!

dear anup,

nifty had a rally of 400 points from 5550(19.11.12) to 5965 (yesterday)

if nifty corrects from here,it may reach to 5750 that is 50% of current rally

in between it has two minor supports at 5850 (23.6%) and 5800 (38.2%)

if 5750 breaks with volume ,there will be a free fall to 5500

but this is only analysis part

market has its own way,and we are suppose to follow market not analysis

thanks

 

[velmont86]

how to determine "no trade zone" ?