Intraday trading - Some experiments

[vicky_ag]

Savant Sir

Writing on this thread is akin to talking to yourself. No replies...no responses watsoever.

 

[vicky_ag]

Experiment 2 - Fibs level contd.:

Posting an image of how to trade on fibs.

Went short on 23.6% line with 10 S/L and 0% as target.

 

[enygma]

I thought (didnt trade but was observing) that today's bounceback was around 61.8% of the entire fall today. Do not have the intraday NF chart to confirm.

Regards,
Enygma.

 

[SavantGarde]

Hi Vicky,

Get Used To It....Cause This Thread Is Suppose To Help People Looking For Intraday Strategies...You Have Enough Experience Of Your Own, Moreover Try Out Some Of The Strategies From TTB & See What Can Work Well...& Post Them Here...& Be Prepared To Field Unending Queries....

Happy & Safer Trading

SavantGarde

Savant Sir

Writing on this thread is akin to talking to yourself. No replies...no responses watsoever.

 

[vicky_ag]

I thought (didnt trade but was observing) that today's bounceback was around 61.8% of the entire fall today. Do not have the intraday NF chart to confirm.

Regards,
Enygma.

Enygma, that was precisely the point.

Three most imp levels: 61.8, 50 and 23.6.

If you cross 61.8 easily then, the trend has changed for sure. So, need to be careful of what you take.

If 50, then you are in a very volatile market, can change any time.

IF 23.6, the trend is pretty strong.

 

[vicky_ag]

Hi Vicky,

Get Used To It....Cause This Thread Is Suppose To Help People Looking For Intraday Strategies...You Have Enough Experience Of Your Own, Moreover Try Out Some Of The Strategies From TTB & See What Can Work Well...& Post Them Here...& Be Prepared To Field Unending Queries....

Happy & Safer Trading

SavantGarde

Savant Sir,

This fib retrace works easily. But, writing the whole system with if and buts will take sometime.

I will be putting out a IB breakout thing too.

 

[mayavi99]

Savant Sir

Writing on this thread is akin to talking to yourself. No replies...no responses watsoever.

Brother, I read the posts though I don't actively participate in the discussions. In the process I gain some knowledge. Please continue with your good work.

 

[prasadam]

I have been trading on NF for a week now and it will not be wrong to say I am wiser by a week. Collating that with my experience in forex, I have come up with some ideas to trade in NF.

Now, this thread is dedicated to a possible measure to trade in a simple, effective manner. Easy short trades with a target of 10-15 points a day ie by calculation 500 to 750 on a lot of nifty.

As, the title goes - experiments. Ideas will be put forth and then we need to decide, possible entries and exits.

Lets see how many people are in for this, before I come up with the first idea.

I thought Ideas will be put forth by you and was waiting for your ideas to test and give a feed back. sorry if I misunderstood it.

If you want a profit of 10-15 points per trade I have found that a simple tweak to the setups of Saint & Savant are the best.

enter your reverse trade immediately after initiating a trade based on the following.

1. buy above or sell below opening bar break with necessary filter.( saint's miniflow) - 1 trade perday.

2. entry at 4&5 or 3&5 crossover confirmation.( savant's) - 1 or 3 entries

3. entry above the bullish BB piercing bar or below the bearish piercing bar. (savant's) - 0 or 3 trades perday.

Savant Sir

Writing on this thread is akin to talking to yourself. No replies...no responses watsoever.

 

[vicky_ag]

Prasadm,

I did already put forth some ideas

1. ATR: This is one of the most used tool for a Trailing stop in active trading. So, thought we could have a discussion on these. Also, these tend to give out change in direction in the market.

2. Fib retraces: Once in a trend, we can look to buy on retrace. The amount of a retrace can be safely assumed by a fib retrace been drawn. Once on buy/sell on a retrace, we can take a trade upto the previous high/low safely netting 10-15 points.