Very simple but effective intraday nifty future trading

lasty66

Active Member
#11
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..
Hi gurmy,
pls put up some charts....so that we see ur entries and exit..
thanks
 

linkon7

Well-Known Member
#16
Nice thought process. I do something similar but on 1 min time frame. first three 1 min bar gives a clue on the market's bias.

you can try one thing for your target setting.

If you are short, then the high of the day minus 30 is your target.
If you are long, then the low of the day plus 30 is your target.

4th Aug

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3rd aug

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2nd aug

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#18
Nice thought process. I do something similar but on 1 min time frame. first three 1 min bar gives a clue on the market's bias.

you can try one thing for your target setting.

If you are short, then the high of the day minus 30 is your target.
If you are long, then the low of the day plus 30 is your target.

4th Aug

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3rd aug

adult image hosting

2nd aug

post image wordpress
many thanks lincon sir,
the 30 point tgt idea is very nice,same way if you can suggest the stoploss also,because at present i am following the s/l,the low of 1st 3min candle,it gives good result on trending days but gives loss on volatile days like 3rd&4th.thanks
 

amanfree

Active Member
#20
very nice strategy
 

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