Scaling Up Your Trading Business

[Nikhil Dogra]

Guys see you all next fortnight on 27th Nov 2017 , This week i am going on a mini vacation so trade safe cheers!

 

[vivek.civil17]

hi nikil
have done a homework . need lot of patience and you need to play with your keyboard for this kin d of trading . let see in coming days .
between this is my usual style of trading / with your input i took first time in nifty instead of BF.

thank you
happy trading

 

[Nikhil Dogra]

I am moving away from hardcore scalping myself because it is very hard for blood pressure My main edge is in positional trading however i do scalping/jobbing to stay engaged moreover i am trying to implement swing based intra trades. Next monday onwards i will be sharing exact logic of those trades here with full on statistics & i will try to reduce scalping frequency.

 

[Nikhil Dogra]

Hope everyone had a nice weekend , i am rejuvenated after a much needed break and now i am prepared for the expiry week.
I will be sharing my logic behind intraday swing trades along with statistics moreover i would like to highlight glossary of terms i will be using often, incidentally these levels are where i usually scalp as well -

1. PDH - Previous Day High
2. PDL - Previous Day Low
3. PDC - Previous Day Close
   
4. ATP - Average Trade Price (As disseminated real time on NOW terminal)
   
5. NH - New Intra High
6. NL - New Intra Low

Amibroker CODE For ATP Which Is Generated On NOW Terminal:-

_SECTION_BEGIN("ATP");
B=Volume;
A=Avg;
Value=B*A;
Barsfromtodaybegin = 1 + BarsSince( Day() != Ref(Day(), -1));
Totalvalue=Sum(Value,Barsfromtodaybegin);
Totalvolume=Sum(V,Barsfromtodaybegin);
ATP=(Totalvalue/Totalvolume);
ColorATP=IIf(ATP>Ref(ATP,-1),colorBrightGreen,colorRed);
Plot(ATP,"ATP",colorATP,styleThick);
SetBarFillColor(IIf(C>atp,ParamColor("Candle UP Color", colorGreen),IIf(C<=atp,ParamColor("Candle Down Color", colorRed),colorLightGrey)));
Plot(C,"\nPrice",IIf(C>atp,ParamColor("Wick UP Color", colorBrightGreen),IIf(C<=atp,ParamColor("Wick Down Color", colorRose),colorRose)),64,0,0,0,0);
_SECTION_END();

Amibroker CODE For Intraday New High/Low :-

_SECTION_BEGIN("Hi and LO of the day");
TLH = ParamToggle("Days Hi Lo","Off|On",1);
if (TLH==1) {
  Hodcolorsheme=ParamColor("High of day color",colorBlue);
  LodColorscheme=ParamColor("Low of day color",colorGreen);
  tempnum = TimeNum();
  temphi[0] = H[0];
  temphiColor[0] = Hodcolorsheme;
  templo[0] = L[0];
  temploColor[0] = LodColorscheme;
  for( i = 1; i < BarCount; i++ )
  {
  if(tempnum[i] - tempnum[i-1] > Interval())
  {
  if(H[i] > temphi[i-1])
  {
  temphi[i] = H[i];
  temphiColor[i] = Hodcolorsheme;
  }
  else
  {
  temphi[i] = temphi[i-1];
  temphiColor[i] = Hodcolorsheme;
  }
  if(L[i] < templo[i-1])
  {
  templo[i] = L[i];
  temploColor[i] = LodColorscheme;
  }
  else
  {
  templo[i] = templo[i-1];
  temploColor[i] = LodColorscheme;
  }
  }
  else
  {
  temphi[i] = H[i];
  temphiColor[i] = Hodcolorsheme;
  templo[i] = L[i];
  temploColor[i] = LodColorscheme;
  }
  }
  Plot(temphi,"", temphiColor,styleBar);
  Plot(templo,"", temploColor,styleBar);
}
_SECTION_END();

Risk Management :-
Intra day jobbing/scalping risk stop - INR 750/Day
Intra day positional trade risk stop - INR 1250/Day
Intra day maximum risk stop - INR 2000/Day

 

[Nikhil Dogra]

Intra positional trade bias is "Short OR Out" as prices were below PDC or previous day close , yesterday's VPOC however at the same time trading above ATP so no positional intraday short trade taken due to conflicting indicators. I started jobbing to stay engaged & i churned 95 lots

PS:- Requested a payout of INR 2500

 

[Nikhil Dogra]

EOD Homework:-

Above 10426 10445/10470 are bull targets
Below 10353 10333/10308 are bear targets
Neutral levels are 10426-10423-10366-10353

Positional bias for tomorrow is bullish above 10366 i.e as long as price is above both ATP & 10366 i would look for "Long OR Out" positional intra trades

 

[Nikhil Dogra]

Days SL Limit hit , -2k and add expenses almost INR 2800 hit

 

[Nikhil Dogra]

Days SL Limit hit , -2k and add expenses almost INR 2800 hit

I was merrily jobbing away & i was up +2.5k & out of whack movement in nifty resulted in me reaching my SL Limit today which is -2k so lost almost 4.5k from peak p$l today. Very unusual movement this was

 

[Nikhil Dogra]

EOD Homework:-

Above 10428 10446/10469 are bull targets
Below 10360 10341/10318 are bear targets
Neutral levels are 10428-10402-10374-10360

 

[Nikhil Dogra]

Hope everyone had a nice weekend , i am rejuvenated after a much needed break and now i am prepared for the expiry week.
I will be sharing my logic behind intraday swing trades along with statistics moreover i would like to highlight glossary of terms i will be using often, incidentally these levels are where i usually scalp as well -

1. PDH - Previous Day High
2. PDL - Previous Day Low
3. PDC - Previous Day Close
   
4. ATP - Average Trade Price (As disseminated real time on NOW terminal)
   
5. NH - New Intra High
6. NL - New Intra Low

Risk Management :-
Intra day maximum risk stop - INR 2000/Day

I have named the two systems as follows

1. ATP Intraday Position System
2. VPOC System

The entry is 15min high or low breakout entry