Hello Smart Trade Sir and Shubhadip sir,
Many many new concepts in this thread ...
Have some queries though
For a beginner like me, which method is more suitable? Pivot based or MA based? No previous experience as of now for me.
My goal is to make min 120 points in nifty futures, intraday basis. I am following Shubhadip sir's posts in ".... 40 trades", so starting with 3 Lakhs and 2 lots of Nifty. All trades to be intra-day trades. Goal is to make yearly 1500 pts using only Nifty futures. Is it possible?
Which method should I select: Pivot or MA based method ?
If MA, what should be time frame combination? 60 min - 15 min okay? Like Shubhadip sir, I am also working but can keep track of charts on KITE.
Many many new concepts in this thread ...
Have some queries though
For a beginner like me, which method is more suitable? Pivot based or MA based? No previous experience as of now for me.
My goal is to make min 120 points in nifty futures, intraday basis. I am following Shubhadip sir's posts in ".... 40 trades", so starting with 3 Lakhs and 2 lots of Nifty. All trades to be intra-day trades. Goal is to make yearly 1500 pts using only Nifty futures. Is it possible?
Which method should I select: Pivot or MA based method ?
If MA, what should be time frame combination? 60 min - 15 min okay? Like Shubhadip sir, I am also working but can keep track of charts on KITE.
MA system is also good and it can make a trader profitable. I remember one person who traded another MA system called Swift and was very successful ...so if comfortable with MA system you can follow that. But every system will have drawdowns, wrong trades, stoplosses...there is no escape from that. So ask yourself what you are comfortable and trade that.Dont think that MA method is anyway inferior to other methods.
There are people who just trade on 21 MA and still make good profits. One should understand the method, its various nuances to be successful with it.
Smart_trade