My trading & charts

I don't know sir.

I have tried too many systems.....but lastly I have taken a strategy from a failure trader, who have lost 90% capital by following his system.....now I have got his system which is very comfortable and profitable.......the system is very simple......set 20/50 SMA , go all long above both SMA and go all short below 20/50 SMA........for short or long, use 1 min or 3 min chart's pivot high/low.......ok, I will show my trading style in coming days......
but before that I confess something about me.....
1. I am not a full time trader, I will trade only in morning session......
2. I will not be able to manage money as full time traders do.....
3. I will book profits whatever market will give me immediately.....bcoze I will not maintain TSL due to my other commitments......so either book profit or let it hit stop loss.....
4. I have given too many tuition fees in the market from 2010, now guys think it is given a tuition fees also......
5.hoping to be a successful trader after my retirement from my service.....becoz, I have no pension system, so I will be looking into a salary type ( at least half of my total salary) income from stock market ........

I have deposited Rs.22000/- into my broker's A/C......
I set 5 to 10 percent income in every month....
my per trade loss is Rs. 400/- and profit is Rs. 600/-+ above.....
all my trading details shall be shown in charts and excel sheet......
thank you

From internet:
By Cory Mitchell
Updated August 09, 2016
"Keep your (day) trading simple." It's logical advice, yet rarely does the person saying it explain how to keep it simple. With thousands of articles, indicators, strategies and traders all saying something different, how do you reduce it all down to the bare minimum and keep it simple? Keeping your trading simple means following three steps, on every single trade...and only focusing on one step at a time.


Step 1. The Setup

To be an effective trader you need a trade setup. In a sea of ever changing conditions, you need to filter out all the non-relevant information on your chart. A setup is a precise set of conditions which must materialize to indicate a trade could happen. Every trader's setup(s) will be different; say for example you only trade breakouts from triangle patterns in the first two hours of the trading day, or in the first hour after lunch.

The triangle is your trade setup. When a triangle appears it lets you know a trade could be imminent. Until the triangle appears though, you're relaxed and focusing on nothing but finding triangle chart patterns.

By having a setup, you keep your trading simple. You aren't concerned about whether the price falls, rallies, or what the news is saying. Until a triangle pattern appears (or whatever your specific trade setup is) you have nothing much to think about.

Until step 1 occurs, you can't advance to step 2.

Step 2. The Trade Trigger

The best trade setups let you know in advance (at least slightly) what your entry point will be. Once a triangle chart pattern appears you know that your entry will occur when the price breaks out of the triangle (if that's your trade trigger).


A trade trigger is an event that occurs following a trade setup that lets you know it's time to enter a trade, NOW. If using an indicator, the trade trigger could be the exact moment the indicator passes through a particular level, or crosses another indicator line.

Once step one has occurred, and you have valid trade setup, you no longer question whether you have a valid trade setup, this was already decided. Once you've identified a trade setup, your only task is to isolate where/when the trade trigger is.

Step 3. Risk/Reward Assessment

A setup has occurred, and you defined exactly where/when you will enter the trade. During each stage there's nothing else to think about--in the first stage you watch for setups, that is it; in the second stage you define your entry point. With a setup in place, and a trade trigger pending, your next step is to determine if you take the trade or not.

If the potential reward based on the setup (and your research and testing) outweighs the risk, execute the trade when the trade trigger occurs.


If the potential reward doesn't outweigh the risk, move back to step one and start looking for another setup (see: Day Trade Better Using Win Rate and Risk-Reward Ratios).

Being aware of economic or company specific news events is part of the risk/reward assessment. Since we can't know in advance how the market will react to an economic release, avoid taking (or being in) trades three minutes before or after a high impact economic/company-specific data release. Check an economic calender before the trading day begins so you know the data release times. Block off those times on your charts so you know not to take trades, leaving you to focus on each stage as it comes.

Considerations and Final Word

At any given moment during the trading day there's only one thing you're thinking about, and that one thing is dependent on which step you are on. All other information is irrelevant. First, only focus on finding your trade setup(s). Once you've found a trade setup, only focus on finding where the trade trigger is. Once you know the trade trigger, you can determine where your stop loss order and profit target will go. Based on the stop and target (and/or the win rate of the strategy) focus on whether you'll take the trade when the trade trigger occurs. If the trade makes sense, execute the trade at the trade trigger. If the trade doesn't make sense, move back to step one.

This is how you keep your trading simple in real-time. It requires that you've done your homework though. You need to have defined a trade setup, determined what a respectable risk/reward ratio is (and how you will establish your risk and reward) and it also mean you have isolated a precise event which tells you when to get into trades.

after a gap of long time I have able to trade like below chart.......

Always exit problem....

That failure trader is me
I request deleted my thread Should I Quit,because it had some personal info regarding me.I remember there you posted few charts showing the odds-evens of this method.
I'm happy that someone using my strategy.Now I'm a doing only Nifty Swings.No intraday at all.

Please keep posting charts.It's really awesome system,but due to my temperament I failed to trade it properly.Some of my friends here(ghar ke paaswaale) trading it perfectly.

yes otb, so I am always grateful to you, surprisingly your system is working on my trading style very nicely.....but due to poor discipline I always commit some unnecessary activities hence max time my good trades turn into a bad one......let it ....hope, you are trading NF swing smoothly.....
thanks otb for your soft and warm words and visiting my thread.....

varun sir is teaching us his simple strategy in simple way......by following his system we may get rich by doing his strategy.......however so many newbie traders have no trading tools, charts etc.....but want to trade intraday with some simple strategy so that they can reduce their daily losses.....they may follow my simple excel formula.......
follow this formula......
1. watch 1st 15 min trades
2.if prices are trying to cross lower or higher level take position as per cross over......
the formula:
day1=((high-open)+(open-low))/4
day2=((high-open)+(open-low))/4
day3=((high-open)+(open-low))/4
day4=((high-open)+(open-low))/4
day5=((high-open)+(open-low))/4
avg=(day1+day2+day3+day4+day5)/5
buy above=avg+current day open
sell above=current day open-avg

sometime you see that price is crossing upper or lower level from the very 1st 15 min bar....then skip the trade.......wait and watch the price fluctuation closely.....if cross down lower level sell or trying to cross upper level buy.......this system is 60% holy grail.......if you are a good disciplined trader and having a good RR knowledge then you may turn this system into a 80 % holy grail.....

I tried this system with axisbank, dlf, tatasteel, lichsgfin etc.