dear friends,
i am starting this thread to present a simple but effective intraday nifty future trading technique and to keep log of my trades based on this strategy. here it goes,
1;time frame-3min
2;let the first candle form
3;now wait for a candle to give a close above/below of first candle's open/close,
4;take the trade in the direction of current candle.
ex; today mininifty opened at 5702,the first 3 min candle closed at 5698,the 2nd candle gave a close at 5692 ie below the close of 1st candle's close,so sell the mininifty here.
5;stoploss is open/close of first candle(5702 in this case),as soon as s/l hit reverse the position.
6;keep a target of 10 points,then shift the s/l to this.
i am using this strategy since last 20 days and it is giving decent results including today,infact today it gave more than 90 points.
suggestions are welcome.
tomorrow onwards i will be posting the trades i take as and when the signal come.
happy trading
i am starting this thread to present a simple but effective intraday nifty future trading technique and to keep log of my trades based on this strategy. here it goes,
1;time frame-3min
2;let the first candle form
3;now wait for a candle to give a close above/below of first candle's open/close,
4;take the trade in the direction of current candle.
ex; today mininifty opened at 5702,the first 3 min candle closed at 5698,the 2nd candle gave a close at 5692 ie below the close of 1st candle's close,so sell the mininifty here.
5;stoploss is open/close of first candle(5702 in this case),as soon as s/l hit reverse the position.
6;keep a target of 10 points,then shift the s/l to this.
i am using this strategy since last 20 days and it is giving decent results including today,infact today it gave more than 90 points.
suggestions are welcome.
tomorrow onwards i will be posting the trades i take as and when the signal come.
happy trading