Simple Intraday Strategy for NewBies

Hi Traderji Members,

I am a NewBie, and i analyse many tool for intraday.
More study more confusion...

Search forum, then found thousands of other article for intraday.
add more confusion....now landed now-here to nowhere :annoyed:

Just need simple strategy by senior members, which help newbies like me to earn simple intraday trades income.

EMA,Pivot,Gann, MACD, SMA, Parabolic Sar, bollinger band ............
after that AFL codes which bounce above the head...

Looks like we are coder and not trader :lol: Indian trader must be a computer programmer or what???

No one is going to become warren buffet if he knows everything about AMI, or read every trading tools.... its the harsh reality but its the truth.....

Thats why I believe.... " Be a Smart trader not coder "

Now the main reason for making the new thread is that, i may be one of many thousand trader(newbie) who started trading and dont know where to start....

Simple rule of market is ... Market goes up, Market goes down, and market stabilize(sometime)....

Need just entry point exit , points and stoploss...thats it...:clap:

is it so difficult to make a simple strategy which can be applied and (L)earn (Learn+ earn)....

Senior members are those who have lot of experience and many strategies of the market movement....just like Chess Player, Vishwanath Anand... but we(including myself) are not going to be the grandmaster in one day...we need help and support from seniors to establish set rule and and can (L)earn from the market.

We request senior members to involve in this thread and post simple strategy and act like Teachers not debaters and start clearing doubts of every question...

if anyone has question.....go and find their answers and do the homework at home not on forum. if any doubt...go and read books....But allow senior members to train us.

understand your sentiment totally...even i m total loser when it comes to software and other technical stuff......i m myself learning the art of intraday trading and from my experience i can only tell you that more than anything its discipline that works in intraday......u can develop any simple strategy and first test it by maintaining details in excel and not by actual trading...if u do for months u will automatically see the problems that u encountered and some solution which can be used to counter that...as for how to develop a simple strategy just come up with any damn theory, download past years data and test on it in principle....initially ur theory may sound stupid even to yourself but dont get discouraged ...if it work in principle just try testing and observing real time market if it works ...u will be surprised....when devising any strategy for intraday u have to focus on momentum thats very crucial.....now for eg lets say that i decide i will buy bank nifty every time it crosses 500 mark or 1000 mark....and keep my stop loss at 400 or 900 mark respectively....you may keep a target of 100 points similarly....now u try this and see how many times u meet ur target before hitting sl.....similarly u can say i will short below 400 or 900 and keep sl at 500 and 1000 mark respectively....again keep target of 100 points and see ......u can also combine both and say i long above 500 mark and short below 400 mark ...if u analyse the data for three months since u started doing this u will c how many times u got target how many times sl hit how market fluctuates and many important lessons u can learn....

please note the above is not a tested theory i m just giving an example as to how u can come up with any theory....bottomline is market observation......all the people who came up with technical formations never had any access to any computers they did that by observing data and testing incessantly for any correlation.....what u need is lot of patience and discipline....market nature is such that no one method is perfect or everyone would follow that only....different methods can exist so create ur own and when its created let me know also

so go ahead and play with the numbers ....or ofcourse u can learn to use software etc

Thanks Finch,

Trading Tools are just like Blood Pressure Machine....it helps to diagnose the Blood Pressure, and its purely not a medicine.... Same way, Trading tools are just the machine to analyse what strategy will work for the market.

Thats what i need training for the market....like, if market hits Higher High and make a double Top, then use Gann tool, or if it stablize...then use trend line tool...

i am not asking how to use these tools,...its our job to research and master the strategy....its not the job of seniors to clarify the doubts....

Now simple strategy is like, (L)earn 10 points in nifty future... so 10x25(lots)=Rs250 in bank account. Yup i know the fees and all the stuff thats been deducted ...my point is if anyone can master 10 points only...then he can multiply lots to earn more...but before that, Learn to earn 10 points.

Hope seniors can sow some generosity and help us(newbies) to (L)earn.

Simple strategy for intraday anything u understand is simple , anything u dont understand is not simple , isnt it pretty simple to know what is simple.

if trading is so simple as u want it to be than u would not have come here and asked the simple strategy.
and if u are really interested to find a strategy,u would better be looking in the forum itself than starting a thread and begging a readymade answer to your query.
invest some time in searching and reading some really good threads.
do not expect spoon feed
still i will give you a starting point,but it is your journey and you have to take pain to cover it yourself
all the best
http://www.traderji.com/day-trading/89395-master-one-trick-only.html

Just simple ...

First you need to find out "Max loss strategy" [its is very easy Na]

after find out that strategy "TRADE REVERSE" That's all

:lol:santosh bhai any system developers has no aim that his strategy shd make loss .so "max loss strategy" is a hypothetical thing.

Though it Looks like very simple to find " Max Loss Strategy" But actually tough one. it is Possible for only brokers to find out


I have seen many systems that will give Nett loss in either way

Dear JetKing,

First of all thanks for the link and reply.

But i was not begging...if begging is like training, then every member in the forum started training from 0...

my point is simple strategy of seniors not the tricks of earning...

Sachin Tendulkar coach "Ramakant Achrekar" train sachin not because sachin is a begger, but sachin want to play cricket...on the real world, sachin plays on ground not Ramakant Achrekar.... Coach is like Bhagwaan , and their bhakt are not bhikhari.....

Strategy is like, when market makes Double top, then apply this strategy, when market is stable, then apply that strategy...

not asking for AFL, not asking for codes....Forum is being overloaded with these kind of stuff...

i was trying to gather Seniors who can train juniors...but not for begging, but for earning...

I saw post of Mr Josh and Raj Sir....never met them, but they are so kind that they help newbies as Guru...

May be i missed the point of difference between strategy and tricks.

Someone may heard about "Megh Manseta".... the only indian to get the wishes from Sir Warren Buffet....

No one can predict future, but by training , we can be prepared to atleast be prepared for ups and downs...and its not begging...

I thought post must go in this way:

Senior 1 . Apply strategy for EMA 10 reverse for crude
Senior 2. Go for double top/bottom with waiting for stochastic coming down to 60/40
Senior 3. Apply 15 min TF for SBI-Fut and wait for trend reversal.
Senior 4. Invest 1 lot in Nifty Fut for 1Rs Trainig like Manikandan Sir advised
.
.
.
.
.

Now our job is to find what is stochastic, our job is to find Double Top/Bottom and apply on real trades........

Hope this is not Begging...

Imho the large majority of trading strategies you find floating around the internet will simply not work .... there are very few which work i.e. have a statistical advantage ..... or you need to develop your own.

To trade profitably you need a) a strategy which has an advantage
b) Self discipline

....... each is as important as the other, no amount of psychology or money management will make you profitable if you don't have a strategy with an edge.

Sadly most publicly shared strategies do not have an edge.