Trading the Ranges

[Karanm]

There are numerous threads in this forum to give live calls on Nifty and Banknifty futures and options. But, these are of no use for traders like me who are full time employed and are not able to monitor the trades through out the day.

Traders who are looking for EOD based trades may have a look at these trades for a while to see if these are workable or not. Be cautioned that it requires deep pockets to withstand drawdowns. Though I have backtested this strategy it is worthwhile to watch these calls in real time.

Strategy consists of two tier positions.

Tier One

One lot either long or short ranging anywhere between 1 day to 1 month or more.

Tier Two

One lot either long or short usually ranging between 1 day to 3 days.

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

1 lot Banknifty Long since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

Go long 1 lot Banknifty on 26/7/2010 preferably at open price.

Tier Two trades since 07/7/2010.

08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points

Sir,

Kindly explain the Statergy in Detail of above mentioned Bank Nifty Trades.
By which Calculation all the Trades were Entered & Exited. These ranges are calculated for the Day, Week,I mean how Entry & Exit points are Calculated and how Trades are put & executed.
Lastly how you Trade, do you keep watch whole day or simply place orders in the morning & forget for the day.
I would be thankful for your information.

Regards
Karanm

 

[veluri1967]

Sir,

Kindly explain the Statergy in Detail of above mentioned Bank Nifty Trades.
By which Calculation all the Trades were Entered & Exited. These ranges are calculated for the Day, Week,I mean how Entry & Exit points are Calculated and how Trades are put & executed.
Lastly how you Trade, do you keep watch whole day or simply place orders in the morning & forget for the day.
I would be thankful for your information.

Regards
Karanm

It is based on Break of Resistance/Support levels. I have made an AFL based on Ranges discussed in this thread only to screen out unnecessary trades and to give some handpicked signals. The AFL is of no use to reveal it here as it does not give buy or sell signals.

Yaa. as you said, I call my broker as soon as market opens and place orders and forget about it until the trade reverses on EOD basis. Watch it for a while so that I may cover the trades with full explanation how I took the trades.

 

[veluri1967]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

Long continues

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

Long continues.

Tier One
Long since 07/7/2010 @ 9500.


Tier Two trades since 07/7/2010.

08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points

[/QUOTE]

As per last call, we are long into Tier Two Banknifty @ 10078 on 26/7/10.

 

[veluri1967]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

BankNifty Long continues since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

BankNifty Go short on 28/7/2010 preferably at open

[B][U][COLOR="Green"]BankNifty Tier Two trades since 07/7/2010[/COLOR][/U][/B]



08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points
28/7/10  Short

As per last call, we are long into Tier Two Banknifty @ 10078 on 26/7/10 which also to go short on 28/7/10 at open. Then it aligns with Tier Two trades.

 

[veluri1967]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

BankNifty Long continues since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

BankNifty Go Long on 29/7/2010 preferably at open

[B][U][COLOR="Green"]BankNifty Tier Two trades since 07/7/2010[/COLOR][/U][/B]



08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points
28/7/10  Short 10088   +139 points

As per last call, we are long into Tier Two Banknifty @ 10078 on 26/7/10 which also to go short on 28/7/10 at open. Now it aligns with Tier Two trades with a profit of 10 points. Thus call closed and look for fresh calls in alignment with Tier 1 and Tier 2.

 

[Karanm]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

BankNifty Long continues since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

BankNifty Go Long on 29/7/2010 preferably at open

[B][U][COLOR="Green"]BankNifty Tier Two trades since 07/7/2010[/COLOR][/U][/B]




08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points
28/7/10  Short 10088   +139 points

As per last call, we are long into Tier Two Banknifty @ 10078 on 26/7/10 which also to go short on 28/7/10 at open. Now it aligns with Tier Two trades with a profit of 10 points. Thus call closed and look for fresh calls in alignment with Tier 1 and Tier 2.

Sir, Kindly explain how we take out Entry & Exit Points as per your Statergy for both Tier One & Tier Two
Regards
Karanm

 

[veluri1967]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

BankNifty Long continues since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

BankNifty Long continues

[B][U][COLOR="Green"]BankNifty Tier Two trades since 07/7/2010[/COLOR][/U][/B]



08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points
28/7/10  Short 10088   +139 points
29/7/10  Long   10040   + 48 points

 

[veluri1967]

Markets will always fluctuate up and down within a longer term trend as buying and selling influences price action. It is within this price movement we need to find the means to identify where the action ends and reaction begins.

Each time the market corrects and then resumes the current trend, an old cycle ends and a new cycle begins. This pattern occurs over and over in every market.

This pattern is known as "Reaction Swing".

The Reaction Swing is a price correction within a trending market and it can be used to predict future reversals in a price trend.

Reaction Swing is where it all begins. If you can find exact centre of a cycle you can look back at the beginning, and then, based on this information, determine where the cycle will go in future.

Since the Reaction Swing is where the Action Ends and Reaction begins, it marks the centre of a repetitive cycle in which the past project the future.

 

[Karanm]

[U][B][COLOR="Red"]Tier One[/COLOR][/B][/U]

BankNifty Long continues since 07/7/2010 @ 9500.

[B][U][COLOR="Green"]Tier Two[/COLOR][/U][/B]

BankNifty Long continues

[B][U][COLOR="Green"]BankNifty Tier Two trades since 07/7/2010[/COLOR][/U][/B]



08/7/10  Short 9784
12/7/10  Long  9723   +61 points
15/7/10  short  9961   +263 points
16/7/10  Long   9925   +36 points
21/7/10  short  9993    +68 points
22/7/10  Long  9949    +44 points
28/7/10  Short 10088   +139 points
29/7/10  Long   10040   + 48 points

Sir, Kindly explain how to Enter & Exit Trade in Tier 1 & Tier 2 as per your Statergy, I would be Obliged.

Regards
Karan

 

[veluri1967]

Sir, Kindly explain how to Enter & Exit Trade in Tier 1 & Tier 2 as per your Statergy, I would be Obliged.

Regards
Karan

Karan,
Check your personal messages.
If you are unable to understand the strategy, simply follow the trades which I am posting regularly.