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nifty swing trading ideas without TA

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  #1  
Old 1st December 2012, 11:55 AM
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Default nifty swing trading ideas without TA

dear friends,
starting this thread to invite all to post swing trading ideas
while posting ideas kindly bear two things in mind
1:it should be simple enough to be understood by a newbi
2:no use of TA
why no TA?
for that i would quote the words of Linkon sir(with due respect)

"Trading is all about how you handle your trades. Very little to do TA. Technical Analysis is just a smart way of loosing money..with lot of confidence.

What we see on the charts is basically what the eyes want to see. If you are holding puts and things are not going as you hoped, you will find technical reasons to hold on to the trade. You will find other analyst who will support your decision and that will give you extra confidence to loose more money. "
i am fully agree with,but this is not the topic to discuss here
so friends kindly post the ideas
looking forward to it
thanks



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  #2  
Old 1st December 2012, 12:03 PM
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Default Re: nifty swing trading ideas without TA

Any kind technical analysis is needed for swing trades.. to get proper entry or exits..and which is my humble opinion..


May be the TA could be .. through charts.. or in the form of Excel sheets.. or any kind.. of SW..
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  #3  
Old 1st December 2012, 12:04 PM
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Default Re: nifty swing trading ideas without TA

dear friends,
a system based on above conditions has been designed by mr. praveen taneja(one of the senior member here) to trade gold petal,with a good success rate
but somehow it seems the system works for gold petal only
i tried to copy that system for nifty,but could not success
thats why started this thread
thanks
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Old 1st December 2012, 12:07 PM
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Default Re: nifty swing trading ideas without TA

Quote:
Originally Posted by saivenkat View Post
Any kind technical analysis is needed for swing trades.. to get proper entry or exits..and which is my humble opinion..


May be the TA could be .. through charts.. or in the form of Excel sheets.. or any kind.. of SW..
that is what i want to avoid(using of charts )
let us see
thanks
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  #5  
Old 2nd December 2012, 08:24 AM
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Default Re: nifty swing trading ideas without TA

OK
let me present my idea of trading nifty w/o TA
1:BUY, when price crosses the high of previous two days
2:SELL,when price crosses the low of previous two days
3:EXIT LONG:when price crosses previous day low
4:EXIT SHORT:when price crosses previous day high
5n opening the long position,if price closes below previous day close price,long should be closed same day,do just opposit for short position.
6:take position with two lots,one to be squared off at 20 pts profit/loss
basic idea is not mine,but i have done some modification to suit my style
backtested on nifty spot,gives 150-200 pts avg per month
i have not traded this till now but planning to do
before that would like to know if anything is missing here
your feedback is welcome
thanks
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  #6  
Old 2nd December 2012, 09:52 AM
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Default Re: nifty swing trading ideas without TA

Quote:
Originally Posted by gurmy. View Post
OK
let me present my idea of trading nifty w/o TA
1:BUY, when price crosses the high of previous two days
2:SELL,when price crosses the low of previous two days
3:EXIT LONG:when price crosses previous day low
4:EXIT SHORT:when price crosses previous day high
5n opening the long position,if price closes below previous day close price,long should be closed same day,do just opposit for short position.
6:take position with two lots,one to be squared off at 20 pts profit/loss
basic idea is not mine,but i have done some modification to suit my style
backtested on nifty spot,gives 150-200 pts avg per month
i have not traded this till now but planning to do
before that would like to know if anything is missing here
your feedback is welcome
thanks
Good idea gurmy. The sideways market will give whipsaws and if you can devise a method to stay away in sideways market and trade only trending phase, performance of the method can substantially increase with much less whipsaws.

Smart_trade
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  #7  
Old 2nd December 2012, 11:59 AM
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Default Re: nifty swing trading ideas without TA

Quote:
Originally Posted by Smart_trade View Post
Good idea gurmy. The sideways market will give whipsaws and if you can devise a method to stay away in sideways market and trade only trending phase, performance of the method can substantially increase with much less whipsaws.

Smart_trade
Thanks ST
yes i agree about sideways market whipsaw
infact as per my view no system can trade sideways market successfully whipsaw are part & parcel of a system
but if we can not remove them,than we should find a way to reduce their effect
in the above system introduction of 2nd lot (which is to be closed at 20 pts profit/loss) is for that purpose only
still if somebody has any idea to reduce whipsaw,he can post
it will be a great help
thanks
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  #8  
Old 3rd December 2012, 10:54 AM
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Default Re: nifty swing trading ideas without TA

GM,
update on system call
the last call generated by system was BUY on 26.11.12 @5649
with buying two lots,one lot was closed at the same day with a loss of 20 pts
EXIT for long call is 5828(low of 30.11.12) (this exit is valid for today only)
so a profit of(5828-5649-20)=159 pts is already locked
nifty spot is 5868 at present
thanks
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Old 3rd December 2012, 11:35 AM
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Default Re: nifty swing trading ideas without TA

Gurmy,

Kindly can you post some data representation as well either in form of charts of excel sheet snapshot so that system can be understood more clearly.Secondly can we use this methodology for individual stocks as wel or its just for Nifty.
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  #10  
Old 3rd December 2012, 01:12 PM
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Default Re: nifty swing trading ideas without TA

Quote:
Originally Posted by prabhsingh View Post
Gurmy,

Kindly can you post some data representation as well either in form of charts of excel sheet snapshot so that system can be understood more clearly.Secondly can we use this methodology for individual stocks as wel or its just for Nifty.
dear,
yes this method can be used to stocks also
here is the chart of nifty spot
http://img203.imageshack.us/img203/120/79706930.png
chart of rel cap
http://img407.imageshack.us/img407/2817/27695266.png
thanks



Last edited by gurmy.; 3rd December 2012 at 01:27 PM.
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