Nifty Midpoint Trading

veluri1967

Well-Known Member
#1
Nifty Midpoint Trading


Nifty Midpoint for 28/7/2010

5411
How to trade.

1. Go long if the Nifty trades above Nifty Midpoint. Go short if the Nifty trades below Nifty Midpoint. Midpoint is SAR.

2. There are some days on which Nifty Midpoint is not touched at all or is quite far from trading price. Intraday players keep away from trading on those days based on Midpoint since SL is big and money management is difficult. Swing/Positional traders continue holding previous positions until Midpoint is hit.

3. Reverse the trade when Midpoint is violated. Midpoint follows the trade direction so as to lock in profits. Use a time filter of 3-5 minutes to judge if Midpoint is clearly violated or not (if it trades on other side of Midpoint). SAR of trades is very important and should be mechanical and not judgemental except for time filter.





Disclaimer : This is only advisory. Trade at your risk.
 
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rkkarnani

Well-Known Member
#7
From Technicals as well as some personal judgement.
Hi and Lo on 28th July were 5445 and 5385
5445+5385 =10830/2=5415

So I made a guess, and as it was very close to your level it made me post it and most importantly it "matched" with the name you gave "midpoint"!!!

In any case dotry to "avoid" "personal judgement" in a strategy as my experience tells me, it may work at times but not always and also makes a back test impossible.
 
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veluri1967

Well-Known Member
#9
Hi and Lo on 28th July were 5445 and 5385
5445+5385 =10830/2=5415

So I made a guess, and as it was very close to your level it made me post it and most importantly it "matched" with the name you gave "midpoint"!!!

In any case dotry to "avoid" "personal judgement" in a strategy as my experience tells me, it may work at times but not always and also makes a back test impossible.
Thanks.

Just see how I use my personal judgement. For example, I have given Midpoint for 30/7/2010 as 5414. But the actual figure is 5414.88. Here I make a judgement whether to round it off to 5415 or to keep it as 5414. I think it will not hamper the strength of the strategy.
 

rkkarnani

Well-Known Member
#10
Thanks.

Just see how I use my personal judgement. For example, I have given Midpoint for 30/7/2010 as 5414. But the actual figure is 5414.88. Here I make a judgement whether to round it off to 5415 or to keep it as 5414. I think it will not hamper the strength of the strategy.
:D okay.... good, if it(your personal judgement) is confined to this.. :)

1 point in nifty may not matter... One can always round off to higher when going longand lower when going short... just my 2 cents.
 

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