Hi Floyd, Hope I have answered all your questions below. Here we go….. The system is basically meant for Index Futures and hence it works well with Nifty futures (and Bank futures) too. You don't get enough bars in single stocks so I would say you can't use the method in cash scrips. Tick bars: I had written a mail to Mark asking the tick bar setting for Nifty futures and he replied that he did not know because he never traded in Indian Markets. I have come across a post by Mark himself in the Rockwell forum that different exchanges use different ways, so having a permanent number of ticks in a chart always do not give desirable result. Instead he suggested "Range bars". Range bars are the best solution for an emotionally charged trader. All the bars are of uniform size and it eliminates time factor. A single bar may take 1 minute or nearly one hour also depending on the price range the market dwells in. Have a look at the attached 3/11 Nifty chart, when the market was going down the range bars looked like stair case steps causing no emotion or uncertainty in a traders mind. To know more about Range Bars read this nice article: http://www.futuresm ag.com/Issues/ 2009/November- 2009/Pages/ Time-is-relative -with-range- bars.aspx? page=2 The interpretation of range bar in Amibroker is somewhat different. 1250 R in amibroker comes close to the original definition of "Range bar 12" in other charting software. I use Quote Tracker a free software with Real Time data, which serves the purpose of trading in Nifty Futures, Bank index futures. Settings: Range bar: 12 Bollinger Band setting: 12, 2 MACD: No change in default setting (12,26,9) Colouring bar: I have QT formula. I came to know of this system very recently and started paper trading from October-end and I liked it very much. In Quote Tracker you don't have Futures data, so I open S&P CNX NIFTY spot and my PIB traders' terminal, and place order in futures whenever a signal is generated in Nifty spot. Anyway I am still paper trading and testing a system. I enclose yesterdays Nifty and Bank Nifty chart. You can see the first bar is Red and the second bar is Green in Nifty which triggered a Buy entry at around 4890; you know where the market closed yesterday. Coming to Targets, ADR is of no use for Nifty. The profit target would be working out to 18 or 12 points, whereas in reality the actual profit would be 50 points and above. QuoteTracker has the facility of drawing Woodies pivot point on the chart. As a rule of thumb, R1 would be the Target for Long entry and S1 would be the target for Sell entry. In days like yesterday, you will have the Feel of the momentum (this is just because of the uniformity of Range bars) and can have trailing stop losses. I would suggest you to download QT and keep it opened in your window with the above settings (it doesn't require refresh or any adjustments, it silently works) and try it for your self –again only for Nifty and Bank index futures. Hope this helps, Jayakrishnan.
--- On Thu, 11/12/09, FLOYD JOHNY LEWIS <fjl24@yahoo. com> wrote:
From: FLOYD JOHNY LEWIS <fjl24@yahoo. com>
Subject: Re: [Technical-Investor ] Fw: Rockwell Online Seminar Invitation: FREE Day Trading Workshop
To: Technical-Investor@ yahoogroups. com
Date: Thursday, November 12, 2009, 9:21 AM
| Hi RK Couple of strategies as per Markus H given in the following video links on youtube. Check for Rockwell Trading Videos only. Regards Floyd Also, for all newbies a free ebook on Day Trading written by Markus is available on the following website. You need to only register for the same.
--- On Wed, 11/11/09, rk <rk1235_mb@hotmail. com> wrote:
From: rk <rk1235_mb@hotmail. com>
Subject: Re: [Technical-Investor ] Fw: Rockwell Online Seminar Invitation: FREE Day Trading Workshop
To: Technical-Investor@ yahoogroups. com
Date: Wednesday, November 11, 2009, 10:30 PM
Hi Jaykrishnan, With this link, it shows only upto software setting part, How to view the trading entry and exit part? Can you post the corrected link........ .?? rk ----- Original Message ----- Sent: Wednesday, November 11, 2009 9:44 PM Subject: Re: [Technical-Investor ] Fw: Rockwell Online Seminar Invitation: FREE Day Trading Workshop
Hi Floyd,
http://www.rockwell trading.com/ video-1
The video in the above link explains a simple trading strategy Rockwell Trading advocates.
I tried this strategy in trading our NIFTY FUTURES and the results are really encouraging.
If you had not already watched this one, I am sure you would like this simple and effective method.
Regards,
Jayakrishnan.
--- On Wed, 11/11/09, FLOYD JOHNY LEWIS <fjl24@yahoo. com> wrote:
From: FLOYD JOHNY LEWIS <fjl24@yahoo. com>
Subject: [Technical-Investor ] Fw: Rockwell Online Seminar Invitation: FREE Day Trading Workshop
To: Technical-Investor@ yahoogroups. com
Date: Wednesday, November 11, 2009, 9:15 PM
| Hi Friends Just in case someone is interested. Regards Floyd
--- On Wed, 11/11/09, Rollie White - Rockwell Trading <support@rockwelltra ding.com> wrote:
From: Rollie White - Rockwell Trading <support@rockwelltra ding.com>
Subject: Rockwell Online Seminar Invitation: FREE Day Trading Workshop
To: fjl24@yahoo. com
Date: Wednesday, November 11, 2009, 9:52 AM
Dear FLOYD,
I am writing to tell you about a FREE Online Day Trading Workshop we are conducting on Thursday, November 12th!
This workshop has been put together by Rockwell Trading to help people who are interested in day trading understand the key factors that are involved in this fascinating investment field: - What day trading is all about
- What markets are best to trade
- What it takes to get started
Here are the details:
- Event: Day Trading Workshop
- Date: November 12, 2009
- Time: 12:00 CDT
- Cost: FREE
- Host: Rockwell Trading
- Presenter: Mark Hodge
Register Here: https://www2. gotomeeting. com/register/ 863318034 The workshop will be conducted by Mark Hodge, Rockwell Trading's Head Coach and time permitting, he will discuss a popular trading strategy and demonstrate how to use it in the live markets.
Also, everyone that attends will receive a FREE Day Trading Workbook that summarizes and expands on the topics that Mark covers.
Seating is limited, so sign up now for Rockwell Trading's FREE Day Trading Workshop and learn what it takes to be a day trader in today's markets.
Should you have any questions or comments about this Online Workshop or Rockwell Trading in general, please email us at support@rockwelltra ding.com.
Kind regards, Rollie White
Rockwell Trading, Inc
13033 Pond Springs Road, Suite 201
Austin Texas 78729
(866) 467-0747 or (512) 692-7497
www.rockwelltrading .com
| Unsubscribe or change subscriber options https://rockwell. infusionsoft. com/opt?o= 0&i=97567&e=3a36b074&m=0Rockwell Trading, Inc. 13033 Pond Springs Road Suite 201 Austin, TX 78729 United States 512-692-7497 
|
|
|
|
No comments:
Post a Comment