SH's swing trading system - a simple way to play the markets

waitting for this system eagerly........

you are on right path.

Cheers
SH

Sach yes that can be done ..

Cheers
SH

NF continues to dive down .... made low of 5425 which is 215 points profit (shorts from 5639 march series)...

on 30 mins SAR is still 5515 and GFZ 5411

a conservative trader can book profits and use that profit to buy some 5400 puts.

Cheers
SH

SH i have a query.
In an uptrend we keep moving Bull SAR if NF test 15 EMA and then makes higher high. Understood. My question is what do you mean by "test 15 EMA"?
Should LOW of 30 min candle touch and go lower than 15 EMA
OR
Should CLOSE of 30 min candle touch and go lower than 15 EMA?

Ok folks.... I am also providing the pyramiding rules now.

How to pyramid

Pyramiding is the final step for a swing trader. Pyramiding is done to maximise profits in a good trend by adding more positions while not increasing the risk due to increased position.

A swing trader should pyramid only when the original position is in good profits, and the SL for the newly added position should be less than the profit earned by the original position so far. This ensures that the additional risk taken by the trader is not a risk of losing capital but just a risk to lose some profits from the original trade.

One more way in which these pyramiding option can be used is when someone misses the original trade or doesnt take the original trade due to large SL, one can wait for these pyramiding opportunities to enter the position afresh.

When to pyramid?

Again talking of 30 mins charts, we have understood how one can use GFZ to book profits/hedge and 15 EMA touch to enter positions again. To pyramid, we use the same logic as re-entry, we wait for first 30 min candle to close above 15 EMA after the retest (the candle should be bull candle i.e close should be higher than open for a bullish swing and visa versa)

We enter as soon as this bull 30 mins candle close above 15 EMA and keep the recent lowest point as SL (please note this is SL for 'added position only and not SAR for original position).

Obvioulsy if markets were trending they will make a new high hence making this SL as SAR for all positions.

Charts to showcase pyramid points in last 10 days...




Cheers
SH

Nifty low 5372 .... hits GFZ ...

second GFZ hit so booking all swing shorts ... 5639 to 5372 = 267 points profit.

Re-entry now at 15 EMA touch on 30 mins.....

Cheers
SH

how come shorts were initiated at 5639?
according to what i understand the shorts should have been initiate a 5598 on 22 feb as it broke the previous low made on 21 feb.
please correct me where i am wrong

market moving up after first GFZ hit. should we take exit or wait for second hit?