some views on applied TA as appeared in traderji forum


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Hi friends,
here i try to put some basic for TA, it may be for newbies .
Starting with old thread : Q and A by traderji (once i get a scope to learn from him) The answer given by TRADERJI in 1st person(I)
As I was a total newbie in 1980, I had to undergo training in price movements with a number of professional traders where I learnt my first and most valuable lesson "The Trend is Your Friend".
I prefer trading the medium to long term trends although I do sometimes trade short term trends lasting a few days.
I personally prefer the conventional simple or exponential MA and MACD over the Vidya as I have been using them for a looong time now. I think the MACD is an excellent indicator cause it behaves both as a oscillator (by providing divergences) and a trend following indicator

CMO is used in the calculation of Vidya. I do not use the KAMA or Chaikin Oscillator.

Indicators are a personal choice and most indicators give reliable trading signal. However the trick is to use them often over a long period of time to understand how they behave under different market conditions. Then only will you get the desired results from that indicator.
About 30-40% of my trades are not profitable. The Maximum Loss I take on any single trade does not exceed 1% of my trading capital.

It does not take too long to cover up any loss as I trail profitable trades which enables me to capture a good 70-90 % of its trended move.

I do not do intra-day trading. I prefer positional trades where the holding period can be anywhere between weeks to months.

My method of selecting stocks to trade in are different. I do not use any technical indicators. I visually scan through the bar charts every day/week for consolidation/congestion patterns and trade breakouts of those patterns.

Here is an anatomy of my recent trade!

If you look at the attached daily chart of the NSE Nifty below you will notice that the Nifty after retracing 50% of this previous fall went into a period of consolidation for about 2 weeks. Since the underlying trend was bearish all I did was to put in a sell stop order 10 points below the low of 3056.00.

As we all know the market triggered the sell stop order on the 17th and I was short on the Nifty. Once short in the trade I put in a trailing stop order at the previous 3 bar high. I also always make sure that the difference between my entry price and stop loss level multiplied by the number of contracts does not exceed 1% of my trading capital.

Once in a trade I keep adding more positions (as soon as the current stoploss reaches break even level) in the direction of the profitable trend.
I primarly trade equities in both cash and futures. I find the equities market more profitable and easier to trade.

I prefer the ERS when compared to the RSC. The ERS is superior because it compares a single stock to all the other stocks in the market and ranks that stock from 1 to 99. The RSC drawback is that it only compares a single stock to another single stock or index.

f I go long I use the previous 3 bar low as my stoploss.

I personally use chart patterns as mentioned in my earlier post. If you are seriously interested in chart patters I would suggest you get Encyclopedia of Chart Patterns
I swing trade breakouts of chart patterns like pennants and flags.

For exampe after a stock has made a new three month high on the daily chart (this confirms an uptrend) I wait for a consolidation of at least a week (during which time that chart could form a pennant or flag)

I then go long only on a close above the previous 5 day high and ride the trend with a trailing stop below the previous days low.


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ALL comments r by traderji,himself to teach applied TA to newbies
I search for stocks manually. I visually go through about 100-150 charts every day. This gives me a better feel of what patterns could be developing in every stock.

The other things that I consider apart from price trends is volume ( I prefer to trade large & mid cap high volume stocks) and most important ERS.

I select sectors with the highest ERS and then stocks within that sector with the highest ERS. This helps me select the best performing stocks within the best performing sectors. Most amatuers make the mistake of selecting stocks that have fallen the most and are cheap. However to be successful in trading one should buy into stocks which have the HIGH ERS readings and short sell stocks with LOW ERS readings.

Volatility is important for intra-day traders and not for medium to long term position traders. In fact do you know that stocks in strong trends have low volatility.


1. Do you use MACD, MACD histogram? If yes how do you apply for your anatomy?
2. Do you use ADX?
3. Do you look for divergence?
4. Do you look for any warning signals on charts once you are in the trade? If yes, how?
5. Do you look for overbought/oversold signals in your plan?
6. Also as per your anatomy, you plan the trade and trade the plan. Do you trade in any other ways?

Here are my answers:

1) No

2) No

3) No

4) No warning signal just use a trailing stoploss which is the previous 3 day low.

5) No

No I do not trade in any other way. My current short trade on the NIFTY is still on with a trailing stoploss at the 3 day high (3045.35).

Since my trailing stoploss is at breakeven I will now initiate another short position on Monday. What this means that the risk on my previous short trade is nil and I will be adding another position in the direction of the profitable trend.

Since we are going short on the Nifty we have to look for a new 3 month low. Yes, the Nifty did make a 3 month closing low on the 01st of June 2006. This confirmed the downtrend in the Nifty on 01st June 2006.

To go short you need to confirm a downtrend first. For this look for a new 3 month low and not 3 month high. So the formula for the scan would be


It does not matter if you trade stocks or stock or commodity futures. Your approach should vary depending on the time frame you would like to trade. If you a day trader you will have a strategy which will be different from a swing trader. A swing trading strategy will be different from a position trading strategy. So first you have to decide on the time frame you would like to trade in and then develop a trading strategy to suit that style.
Long (or Long Position)

1. The buying of a security such as a stock, commodity or currency, with the expectation that the asset will rise in value.

2. In the context of options, the buying of an options contract.

Long is the opposite of "short (or short position)".

Short (or Short Position)

1. The sale of a borrowed security, commodity or currency with the expectation that the asset will fall in value.

2. In the context of options, it is the sale (also known as "writing") of an options contract.

Short Selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. Short sellers make money if the stock goes down in price.

Swing is a term most commonly used when referring to a situation in which the price of an asset experiences a significant change over a short period.

Swing Trading is a short-term trading strategy in which a trader attempts to capture gains by holding a security for only a few days


The 2% stoploss really depends on your trading capital. If you have a very large capital your stoploss could even be as low as 0.25% to 0.50%. If you have a very small trading capital then one has to trade with a larger stoploss of maybe 3-5% of you trading capital. I always keep my stoploss the same while taking positional trades - last 3 days low for long trades and last 3 days high for short trades. If you can use a system tester check out its profitibility.

If I find that the stoploss is to large (during highly volatile times) I normally reduce the position size to fit into my % rule of money management. Keep in mind that one should not change the stoploss to fit into your money management but rather the position size. If you find that the difference between the entry price and stoploss is too large and you cannot take the loss then do not take the trade.

I do not change my trading strategy during the first three days of the month or last three days of the month. The trading strategy remains the same.
In highly volatile markets it is always better to swing trade. Your stoploss should be the swing low and if you do your analysis correctly the chance of your stoploss getting hit will be lower.

I use the previous 3 bar low or the swing low whichever is lower.

I would suggest you wait for a pullback and then BUY only after it closes/crosses above its previous bar's high.

If I entered a trade at this level I would use the previous 3 bar low or swing low whichever is lower as my stoploss.

Amaraja was a good swing trade. However it looks ready for a pullback/correction. Iwould suggest you to make a list of 50 stocks which you should visually scan daily for such setups. I am sure you will not be disappointed.

This is the dilemma most traders go through. It is generally recommended to use trend following indicators in the daily chart when the weekly ADX is rising and oscillators in the daily chart when the weekly ADX is falling.
The ADX indicates the strength of the trend whereas the MACD indicates the dierction of the trend.
You can enter the next day immediately after a breakout out of the pattern. Taking a trade is probably the most common heartache faced by market timers and all market traders, and is only compounded when it turns out that it would have been a profitable trade.

"Uncertainty is a powerful emotion that can weaken the resolve of even the best of market timers." You need to get rid of this.

Mark Douglas, an expert in trading psychology, says this about trading fears in his book "Trading in the Zone."

"Most investors believe they know what is going to happen next. This causes traders to put too much weight on the outcome of the current trade, while not assessing their performance as "a probability game" that they are playing over time. This manifests itself in investors getting too high and too low and causes them to react emotionally, with excessive fear or greed after a series of losses or wins.

As the importance of an individual trade increases in the trader's mind, the fear level tends to increase as well. A trader becomes more hesitant and cautious, seeking to avoid a mistake. The risk of choking under pressure increases as the trader feels the pressure build.

All traders have fear, but winning market timers manage their fear while losing timers (as well as all traders) are controlled by it. When faced with a potentially dangerous situation, the instinctive tendency is to revert to the "fight or flight" response. We can either prepare to do battle against the perceived threat, or we can flee from this danger.

When an investor interprets a state of arousal negatively as fear or stress, performance is likely to be impaired. A trader will tend to "freeze."

There are four major trading fears:

Fear Of Losing

The fear of losing when making a trade often has several consequences. Fear of loss tends to make a timer hesitant to execute his or her timing strategy. This can often lead to an inability to pull the trigger on new entries as well as on new exits.

Fear Of Missing Out

Every trend always has its doubters. As the trend progresses, skeptics will slowly become converts due to the fear of missing out on profits or the pain of losses in betting against that trend.

Fear of Missing Out on Profits

This fear is usually felt during runaway rallies. All your friends are talking about the incredible profits they are making every day. If you really look at this in the right perspective, it is a very dangerous kind of fear. It eventually causes you to buy in, and of course, when you and thousands of others who feel the same way react at the same time, the market is finally at its top.

Fear of Being Wrong

The desire to be "right" is in direct opposition to the ability to be successful.

The desire to be "right" is in direct opposition to the ability to make money.

A market timer's desire to be right, to be able to tell his friends how successful he or she is, can become so powerful, that a he or she winds up second guessing, the "strategy." Taking winners too quickly, or holding onto losers in the hopes that they will come back, or at least break even.
IMHO market Direction is most important as majority of stocks move in the same direction of the market. One should always trade in the direction of the market.

I do not BUY 100 Days HIGH. Please read the discussion again.

The reachable % profit yearly depends on your trading style and how the market behaves. One cannot exactly pin point this figure.

I use the 3 month high to identify stocks that are in an uptrend. Once the stock is in an uptrend I transfer it to a separate folder and then watch it for consolidation patterns. The 3 month high/low can be used to identify stocks for swing or position trading.

When long I keep a stoploss at the previous 3 bar low. When I am short I keep a stoploss at the previous 3 bar high. I keep this stoploss irrespective of how the market or that stock behaves.
The three month high confirms that the stock is in an intermediate uptrend.
Why most of the analysts fails to predict the downtrend/fall ?
Thats probably because most analyst are not professional traders and are unable to decipher the disinformation of the markets.

I could not find disinformation in my dictionary, but it is a term coined in the intelligence community and now in broad use. In intelligence parlance it means false information designed to mislead and confuse the adversary.

I am not suggesting that the markets have any volition or that there is a conspiracy among insiders to fool the rest of us. This is something that just happens because of the nature of markets.

William Eckhardt is one of "wizards" Jack Schwager interviewed for his book, The New Market Wizards. Eckhardt was the partner of mega-millionaire Richard Dennis. It was his bet with Dennis about whether trading skill could be taught that led to the formation of the famous "turtles." Eckhardt put it this way. "The market behaves much like an opponent who is trying to teach you to trade poorly."

A common formulation of this phenomenon is the concept of random reinforcement. Traders are not rewarded with a profitable trade every time they do something right, nor are they penalized with a loss every time they do something wrong.This makes it exceptionally difficult to figure out what is right and what is wrong. Compare this to an electric fence. Every time you walk by and don't touch it, you feel fine. Every time you touch it, you receive a painful shock. It doesn't take a man or animal long to learn how to relate to an electric fence.

Think how much easier learning to trade would be if you automatically took a loss every time you failed to follow correct decision-making procedures. At the same time, what if you were always rewarded with a profit when you traded correctly? You would be able to learn the correct trading rules much more easily.

The rounding bottom is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom, and represents a long consolidation period that turns from a bearish bias to a bullish bias.

For a proper understanding of rounding bottom please read

The metastock formula for crossing the high or low of the previous 3 days is:

Close crossing above previous 3 day high

Close crossing below previous 3 day low

Maybe this will help you understand it better

You need to draw up trend lines joining pivot lows!

Encyclopedia of price patterns by Thomas N. Bulkowski is an excellent read.

Interesting question! Unfortunately like you said, the risk of losing money is a part of trading process. You just have to prepared for it and take it in your stride.

I generally try and aviod trading or holding open positions on highly volatitile days when company results are declared or budget day, etc. This has saved me a number of times.

I generally wait for 30 minutes before entering the trade.........Not for safety, but for confirmation of price!. I use the 3llv as a stoploss for the trade.


Well-Known Member
A recent comment by Saint
Yes,I scan them all everyday.........

Eyes looking for stocks that closed near demand or supply areas......and forming a candle of the preferred colour(like a bullish candle from demand).....or a small pivot near these areas.And Longs/Shorts accordingly.

The above paragraph was put in a paragraph.....but there is so much that needs to be picked up to see this clearly.....but on a broad summary,that's about all am looking for.......


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in metastock 8, sar for stoploss, obv holding ..not going down and william%r[10]..on eod moving up from 20 to buy signal i trade in 2005 jan-march
with good return in group a share.


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Some comments from trade practicer

keep the 3M funda in your mind.

1st M ::: mechanics of trading

2nd M::: Money Management

3rd M::: Mind Control.

every body learns first 2 M's. But 3rd M is really difficult to master.
Failure of this M to master is the key cause markets move up and down.

100% mastery is ideal and not real. But be disciplined and ready to pull trigger whenever needed.
As far as day trading , 95% people get loss.
there are market scalpers which book profit even at 1-2 Rs/- but trade bulk quantities.

Again market makers and institutional players manipulate the markets on lower time frames like 5 or 10 min. and hence 95%people get losses.

so the bottom line is my dear friend first do your homework very well, still well , and still well. Only with real money you can control 3rd M i.e. mind control. paper trading all is ok, trade real money and then see the difference.

I advice you to quit day trading and be a swing trader for better money!
the capital you risk is fixed i.e. 2% means you are mentally prepared to lose your 2% capital if the trade is lossing one!

now it does not mean that your Rupee stop is fixed. it depends on support and resistance.

eg. There is a Buy signal in shasun chemicals at 106 with stop at 98.

so rupee stop is Rs 8/- ( 106 - 98 )

if you are starting with 1,00,000/- then your mental loss is 2% ie. 2000/-

2000 divided by 8 gives you 250.

so you should buy only 250 shares of shasun chemicals at 106 with stop at 98.
If you are stopped out , your loss is 250 * 8= 2000/- i.e. 2% of ur capital.-Winston


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.HARIOM....he now knows what is trading...

1]call givers give calls to earn..
2] they/their good buddy take position BEFORE other know what to do
3] all good hearted traders suggest to loss LITTLE...
4] market prediction is difficult..
5] know what u can handle...
6] discipline is key

BEFORE 3month..i dont i made money...
so as a failed position trader....i know why i failed.....
this realisation is only i got ....loss teaches me....

BUT..I CAN NOT...PLAY...i am taking time to build me....
how to handle volatility....

day trade.
[ i treat it as gambling.. since concentration is key ...and risk management... i normally win here.
fortunately in hibernation i can prepare a more..powerful strategy..

i shall keep a pro..for trade entry....

check scenario
own discussion what tobe done...just DO IT...
RECHECK SYSTEM...trial trade...

I shall give some hints....never hold loser.....
use scanner day probable candidate...3ok....
book targeted profit/ ifs and buts...


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Anybody can learn TA,learning TA and learning how to trade are 2 different things.....and yes,anybody who is dedicated and does all the right things can earn from the markets...SAINT
The Weak Hand & Strong Hand is a term used by Analysts.
It has more to do with Investor/Trader's Time-Frame .If Stop Loss is Hit both Weak & Strong will Liquidate there positions.
The term used by mostly TV Analyst like...... Strong Hand replacing Weak hand more to do with Institutional Money replacing Retailers money.
Just Some Practical View On Your Summary.

1) Irrespective Of A Long or Short, One Has To Be Prepared To Cut & Reverse The Positon & If You Can Visibly Figure Out Reversing The Position Is A Very Good Idea, Then Why Not Double The Quantity Probably Together Or The Second Lot With A Little Upside In The Favourable Direction.

2) It Is Apparent You Were Biased In Your Strategy On The Short Side & Was Not At All Prepared For The Long & That Explains Your Being Frozen.

3) One Should Be Nimble Enough To Be Prepared For Everything Atleast In Mind.

4) Don't Give Up or Feel Dejected, Just Be Better Prepared & To Be Better Prepared Follow What The Smart Money Is Doing In Terms Of Index, Sectors & Stocks....

5) Don't Worry, The Market Humbled Many A Domestic Institutional Investors (DIIs) Who Have Been On The Sell Side For The last Few Days. The So Called Experts Managing Tons Of Retail Money.
For a technical anayst or trader,backtesting is like the radar of the ship which gives direction.
Remember this friend and you can develope a very good trader in yourself,in scalping or in swing trading
Comments from Saint to a trade learner:

Originally Posted by newbee

Had some one told me this can happen I would never have believed it. I was actually frozen out, could not think, and did not see what I can see on the charts now. Wow what a day.
I realise you are new at this and will figure things out in course of time,.......but as you go along,you will realise that you are at your calmest best while trading.No question of getting frozen,could not think,could not see,etc.......yes,I understand getting mortified when you have a monster gap down or up,and you are at the wrong end of the trade.But in the intraday scenario,it's all about being nimble ,flexible..........Definite entry point,stop loss,and possibly going the opposite direction if that's the way the market is headed.All about going with the flow .......

My first day at day trading (mock) and we have had a monster.

I guess I was already biased on the short side , so i took a short at 5087 (1 lot). After that round 11:23-24 there was a spurt of 20-30 points and i knew i have to square, but decided to hold on.
The market does its thing,you try to gauge its direction and make sweet moolah off reason to be mad if your bias is incorrect.The mistake was that you did not have a definite set stop loss,and then ended up in hope-pray-plead mode.The whole game is in setting that point where it's definite you are wrong,and then try to go with the direction that the mkt is moving in.

The market opened up and I registered the price being quoted (at which i could have squared) in my log (5140). I had planned to have a stop of about 30 points. (I learned today that even if i had the SL in the system it may fail to square the trade, the SL jumped is what they say ).

The market again showed a dip and the price had to retrace just about 10 points to convince me its time to get my money back, so i logged another short trade (5130, this time with 2 lots).
Second blunder..........don't try to average a loser,worse double-averaging it.Have a stop,take it if hit,reassess........dollar cost averaging may make some gains in investments,but in trading,it's gonna finish you off in record time.

To my horror, the price kept going up from there as if it went down to just con me into taking that revenge trade. This time i decided firmly to take my 30 points stops, but seeing the price movement i could not log the price, i kept waiting for a 4-5 points retrace, finally had to log the price of 5190.

Then something happened that i would have never ever believed, i just sat there watching the ticker running away, don't know what happened, just sat there frozen, every 5-10 points retrace looked a very good selling point to me, did not short as did not have guts for it.

But the worst part is never ever during those 4 -5 hours it occurred to me that i can take up a long position, it�s just so wired, can�t think of another word for it.
Not to worry,my sure the majority of us,if not all,have had similar experiences.Important thing now is to learn from the above experience.In real trading,this one trade could inflict deep pain.......especially when you are dealing in 50-100 lots.

So today�s trades

Short @ 5087, squared @ 5140 ==> - 60 * 50
Short @ 5130, squared @ 5190 ==> - 65 * 100

Nett loss Rs. 9500

Gosh, it�s so easy to lose 10 Gs in a day!

I am mad at myself, will not get into could have/would have, but should have �� anyway, thinking I should take a break, maybe for a month

Learned a lot, will take some time to assimlate and make notes.

Thought you were mock trading,why the month break.............throw that attitude down the drain.Get some sleep,come back tomorrow,and try to make the mock losses back......Today does not exist tomorrow.Tomorrow is a brand new day with brand new opportunities.

All the best!

ps:Hope that you have some sort of definite rules for entry,and exit,and when you reverse,and posn sizing,etc


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There is only one way to make money trading, buy low and sell high.

If we deduce that the probability of price trending up is better first buy and look for an opportunity to sell higher.

If we deduce that the probability of price trending down is better, we first sell and look for an opportunity to buy lower.

There would be three kinds of trend.
An uptrend,
A downtrend and
A sideways one

We look for buying opportunity in a confirmed uptrend.

We look for shorting opportunity in a confirmed downtrend.

We try to keep out of the sideways trend.

Experienced/expert traders would look to fade the S/R in a side ways market, but that�s not for us newbie�s

What defines an Uptrend?
2 Consecutive higher highs and higher lows define the uptrend for us. Refer to the image attached.

What defines a Downtrend?
2 Consecutive lower highs and lower lows define the downtrend for us. Refer to the image attached.

Entry and SL as per shown in the images attached.

When would we exit the trade?
Exit is the toughest part to define.

The images show an initial SL point, as the trend continues we will get new swing highs and lows, we keep moving the SL along the trend.

The question about having a defined target or exiting at known S/R levels is open, I do not have answers for that yet. But one thing is sure when the trend we are trying to ride is in doubt get out, close the trade.
An Excel Trading Organizer

1) Trades

2) Strategy Tracking

3) Monthly Performance

4) Statistics

5) Pre-Trade Sheet (basically working Out Entry patterns)

6) Expectancy Formulator

7) Lot Size (Means Position Sizing)

8) Demon Finder (Where You Will Know Exactly Where You Are Going Wrong & The Demons Can Be Killed After Taking A Trade 4 Times In A Row Without Committing A Specific Sin, Learn From Your Errors. It Is The Only Way To Achieve Success. Your Future Profitability Is Covered Up By Your Past Demons)

9) Drawdown

You Are Welcome To Change The Tab Names.

Moreover it I Am Making Some Changes In The Organizer &

You Are Welcome To Share It With All .


Well-Known Member
Courage is more exhilarating than fear, and in the long run it is easier. We do not have to become heroes overnight
� just one step at a time, meeting each new thing that comes up, seeing it not as dreadful as it appears and discovering we have the strength to stare it down �

Seasons come and go, markets change and evolve, but human behavior, which is hardwired into the brain, has not really changed much over many generations. Each of us looks and acts differently, but these are outward manifestations which are subject to societal pressures and ever-changing cycles of fashion and trends. Inwardly, we are all classic, fragile and captivating human beings. We have wants, needs, hopes, dreams, fears, joys and tears. Even now, when we have come so far in time and space of evolution, we are still enchantingly and ever-fascinatingly human. It is simply wonderful!

Every one of you who is reading this wants to learn how to make money from the markets. Over the years, I have provided a number of guidelines and principles to put you on the path to trading mastery.

While simple, they are certainly not easy.
Take personal responsibility for your trades,
cut your losses quickly,
stay healthy in mind and body,
always practice good risk management ,
plan your trade and trade your plan,
master your emotions,
strengthen your neuropsychological capital,
learn patience,
stay with what is working, and
take profits on a regular and radical basis.
That sounds all well and good, but the majority struggle daily to figure out how to do it. Most continue to search for this or that method or this or that indicator or newsletter which will give them the answer they seek.

I cannot emphasize too strongly that there is one immutable fact which underlies all successful trading: The answer is within you. It is not out- It is about your brain (your true trading system)

Traders, with few exceptions, are made, not born. Anyone, given the passion, determination and willingness to work hard, lose, fall down and keep getting up, can learn to trade successfully. I assure you, if I can do it, you can do it. Now I will tell you secret that only a few know: I have two Ph.D. degrees, one in Brain Anatomy, and one in Futures Market Losses. I had to get the latter in order to get a true grip on who I was as a person, and turn myself around completely onto a path of success and consistent profitability. It�s a long story, but it took five years and was the most gut-wrenching and painful period I can recall. Would I change one single minute of the excruciating process? Absolutely not! Not one second of it, because all of those seconds brought me to where I am today.

The point is this� If I can do it, you can do it.


You must totally believe that you are called to trading, that it is the one thing about which you are completely passionate and that you are willing to forego many things in order to succeed. If you can take these steps, you will make it.

It�s not easy. If it were, everyone would be doing it. But it can be done, and it is within the reach of every one of you who is reading this. You can do it, but you must be willing to sacrifice everything you are for everything you can and will become. You must be willing to change key elements about yourself, particularly the way you think and act in real time when bombarded with conflicting information in an environment where you have total freedom of choice and where the only thing you can control is yourself. Moreover, you must learn to make decisions involving varying degrees of risk in an atmosphere of real time and total unpredictability. You must learn to change the way you think and what you have been taught about right and wrong and good and bad. You must entrain the qualities of being counterintuitive and peripatetic. You must become a chameleon, and a great actor, an acrobat on the largest and most intimidating stage in the world. Most of all, you must be absolutely determined and passionate about it.


My greatest hope for each of you is that you never forget this.

In the end, it is always about gratitude, humility, kindness and love. Love what you do, and those who nurture and sustain you. Focus on yourself, who you are, and what you want and need and then practice and keep practicing. Do what you truly love, and the money will always follow. In the process, you will begin to see that you are evolving and growing your capital: financial capital, mental capital, emotional capital,

Thank you for the opportunity to share with you my experience, strength and hope.
When you feel like all is gone, look inside you and be strong. And you'll finally see the truth, that a hero lies in you- Mariah Carey


Well-Known Member
Rules for Trading Nifty Future


Time the entry using SAINT�s Method using 1 minute chart setting
Trend confirmation based on pivots (HH / LL)
BO of established short term range
BO from Congestion / Consolidation areas like triangles or rectangles/ box
Bottom / top formation patterns like W / M or multiple bottoms / tops and confirmation from BO of middle swing high/low or formation of new HH / LL.
Initial Stop at previous Pivot high / low, denote initial risk as R
After position moves in favor by 1 R move Trailing SL by 50% of the gain
Trade Management
If using multiple lots keep booking 50% at the upper/lower channel if the price is moving in a clearly defined channel, or at significant resistance / support levels.
Renter with the trend on other side of the channel or retrace reaches an S/R
Trail 50% of the position aggressively @ 75% of the gain
Trend reversal on 1 minutes char setting
Once the trade logs in significant gains, exit on trend reversal using 5 minute chart setting
Position sizing
Trade 1 lot per 1 lakh of capital available.

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