nifty swing trading ideas without TA

dear,
i am a swing trader,

i accept whatever market gives in a short time

once my records shows that when signal comes,nifty moves min 20 points maximum times

so i increase my positions at the time of entry.square 75% at 20 points,carry 25%,w/o any danger of loosing furthur

thanks

very good way of doing it, perfect, i am also testing this, thats why i wrote to yu before for this, 3 day swing cross with 2 days low stoploss is also an idea but let me back test it then i will give the report to yu, but what yu hav given write now is perfect, the best, you are RAJNIKANTof technicals gurmy ji

MON 17.12.12

update on system call

sold 2 lots on 11.12.12 @ 5888

covered 1 lot @ 20 pts profit

exit for today is above 5886(high of friday)

fresh buy above 5907(highest of last two days)

thanks

dear friends,

monday onwards will be trading with modified rules

four lots of mini nifty,with a sl of 20 points

three to be squared at 20 point profit

carry one till exit signal comes

risking 4*20*20=1600rs per trade

will stick to these rules for one month

let us see how it goes trading

happy trading

thanks

dear friends

tested this system on BANKNIFTY also from jan12 onwards

again results are encouraging

during backtest it gave 6835 points till now,with two lots,and 50 point sl

will be doing paper trade on it for one month

long opened on friday

will update on this time to time

thanks

Gurmyji
Regarding new rule of trading 4 lots,what you mean to say is we will get out of all the 4 lots once 20 points stoploss hits or only 3 lots and then continue with one lot?

dear hmp,

yes we will exit all 4 lots if sl of 20 point hit

thanks

while backtesting banknifty,it was found that

99% time bank nifty and nifty give the signal sameday

means they follow each other

banknifty gave a long signal on friday

so most probably nifty will follow it on monday

option data also support the upmove

60000 call OI got reduced whereas 6100 call OI got improved

means traders exiting from 6000 call and taking position in 6100 call

though 6000 is still a major resistence

let us see what happens on monday

thanks

very nice method

Hi gurmy,

Date High Low
13-Dec-2012 5907.45 5841.35
14-Dec-2012 5846.90 5886.10

so if we consider for Monday 17-dec
buy above 5907.45 with SL 20 pts ?
sell below 5886.10 with SL 20 pts ?

am i right ?

Thanks,
Karthik