Very simple but effective intraday nifty future trading

#1
dear friends,
i am starting this thread to present a simple but effective intraday nifty future trading technique and to keep log of my trades based on this strategy. here it goes,
1;time frame-3min
2;let the first candle form
3;now wait for a candle to give a close above/below of first candle's open/close,
4;take the trade in the direction of current candle.
ex; today mininifty opened at 5702,the first 3 min candle closed at 5698,the 2nd candle gave a close at 5692 ie below the close of 1st candle's close,so sell the mininifty here.
5;stoploss is open/close of first candle(5702 in this case),as soon as s/l hit reverse the position.
6;keep a target of 10 points,then shift the s/l to this.

i am using this strategy since last 20 days and it is giving decent results including today,infact today it gave more than 90 points.

suggestions are welcome.
tomorrow onwards i will be posting the trades i take as and when the signal come.
happy trading
 
#2
dear friends,
i am starting this thread to present a simple but effective intraday nifty future trading technique and to keep log of my trades based on this strategy. here it goes,
1;time frame-3min
2;let the first candle form
3;now wait for a candle to give a close above/below of first candle's open/close,
4;take the trade in the direction of current candle.
ex; today mininifty opened at 5702,the first 3 min candle closed at 5698,the 2nd candle gave a close at 5692 ie below the close of 1st candle's close,so sell the mininifty here.
5;stoploss is open/close of first candle(5702 in this case),as soon as s/l hit reverse the position.
6;keep a target of 10 points,then shift the s/l to this.

i am using this strategy since last 20 days and it is giving decent results including today,infact today it gave more than 90 points.

suggestions are welcome.
tomorrow onwards i will be posting the trades i take as and when the signal come.
happy trading
great let us watch for some days one thing is sure brokers delite it will be!!!!!!!!!!!!!
 
#3
hi,
mininifty open at 5600,1st candle closed around 5584.from here it moved up to 5594 then 5th candle gave a close at 5582,below the close of 1st candle,took a short position with s/l at 5601,tgt 5572,tgt achieved at 10.00am,shifted the s/l to 5582 and next tgt 5562,s/l triggered at 10.12.
at 11.33 it gave aclose below 5570,took a short position at 5562 s/l 5569 and tgt 5552,tgt achieved at 11.50, shifted the sl to 5562, as market went down shifted the s/l to 5552 which triggered at 12.35.
took short position at 12.41 at 5540 tgt 5530 s/l 5530 reached the tgt shifted the s/l to 5540 tgt 5520, s/l hit at 13.44..
 

Similar threads

Broker Special Offers

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?