Learning XRAY27 System :)

Hi all,
I am starting this thread to learn XRAY27 system http://www.traderji.com/members-discussion-forums/95624-my-trading-system.html and backtest (I am so lazy, I hope I will backtest at least with the help of this thread)

Please join me in this thread if interested to learn, critique or correct. All are welcome to post charts and share your views.

Please correct my mistakes if any. One of the purposes of this thread is also to re-create XRAY27's charts which are missing from the thread. If you have the charts saved, please post, if not, please help create/correct.

http://www.traderji.com/members-discussion-forums/95624-my-trading-system.html#post1008577

Rules of system:

1. Identiftying trend in HTF

2. Taking the time to have closer look in LTF

3. Entering trade with swing which are less then 20 points in TTF

4. Booking 50% after covering the initial risk,remaining TSL

5. Sl order is must

6. If three trade/s continuously hit sl then sit quite for the day

Nifty options:

1. Strike price should be near one to nifty future

2. Trading with direct option price chart

3. Max pain for nifty option for previous trading day as one of decision point.

Stuck on rule no. 1 http://www.traderji.com/members-discussion-forums/95624-my-trading-system-8.html#post1064090 missing images

How to determine trend on 30 min? Break of 30 minute minor pivot changes trend? Please suggest.

Updated rules:
http://www.traderji.com/members-discussion-forums/95624-my-trading-system-8.html#post1063936


UP DATION OF RULES

i'm not following 50 % exit ( RULE 4) ..rule any more and moving with TSL based on swing high/s and low/s and every thing is same ....

Identifying trend..This is an image posted by XRAY27



For those following VPs, I think VPs not necessary for this, we can go with minor trend on 30 mins chart.

Chart set up..

Zones on 30 min chart and HTF trend will be determined prior to start of trading day.

Chart set up during trading can be 5min/1min or 3min/1min My charts look like this

Trend determination:

Manoj Borle shared this trend determination method with me..

Todays price action shows that NF has more steam left...it is not likely to top in 7550 area.

Smart_trade

Sorry posted in wrong thread

ST Da,
Thank you so much for moving this thread so every one can participate and help me Thanks a LOT Da.

Can also use visual trend of 30 mins for trend determination.