| dear floyd, since most of you are short term traders,this technique is just for short term. you can chose any short term,medium term and long term average.but the averages are not to be used as entry signal .only the results are better if they are in phase(meaning short above medium,medium above long term). the mfi index must be of 2 days. its important that it shd jump from below 20 to above 50. once mfi goes above 50, buy next morning keeping previous days low as stop loss. being intraday or short term traders most of you will be satisfied if you get 4-5% returns. within 2-3 days you should get your target. get out once u achieve your target or when the mfi falls below 50 or when the stop loss is triggered.stoploss is always the previous day's low. study the attached nifty chart or plot charts on your amibrker using mfi -2days for any scrip and study. suresh bhagtani
--- On Tue, 1/12/09, FLOYD JOHNY LEWIS <fjl24@yahoo. com> wrote:
From: FLOYD JOHNY LEWIS <fjl24@yahoo. com>
Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks)
To: Technical-Investor@ yahoogroups. com
Date: Tuesday, 1 December, 2009, 15:19
| Hi SB If you dont mind would appreciate if you could post a couple of charts in amibroker for the same (backtested ones - for case studies - including for Nifty futures). Also, what ema's are in place. Is is crossover based? Lastly, do you by any chance use the given indicators for exits too. Do let us know more. Thanks for sharing Best Regards Floyd
--- On Tue, 12/1/09, suresh bhagtani <sureshbhagtani@ yahoo.com> wrote:
From: suresh bhagtani <sureshbhagtani@ yahoo.com>
Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks)
To: Technical-Investor@ yahoogroups. com
Date: Tuesday, December 1, 2009, 4:27 AM
| one strategy i follow for swing trading is to use the 2 day money flow index oscillator. if the 2 day mfi jumps to above 50 from below 20, in the next few days the scrip/index usually jumps .you keep the previous day low as the stop loss . you can get a lot of doughwith this method. this works especially well if the emas are in phase. suresh bhagtani
--- On Tue, 1/12/09, kk s <kumar40@hotmail. com> wrote:
From: kk s <kumar40@hotmail. com>
Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks)
To: technical-investor@ yahoogroups. com
Date: Tuesday, 1 December, 2009, 14:14
thanks prashant. I am learning , wil keep ur poiint in mind. but i have made a decession to be happy taking small profit for now. if u notice the 5082 was the lowest price after which nifty turned again and went on to 5110 but i am happy to get my 1000 profit. kumar
To: Technical-Investor@ yahoogroups. com From: prash454.ta@ gmail.com Date: Tue, 1 Dec 2009 14:06:19 +0530 Subject: Re: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) Just my personal opinion,
Rs.1K from 2 lot Nifty is peanuts. Its like picking pennies in front of a bulldozer.
In good trends, you can easily net 40 - 50 intra-day.
>> The RSI (9) is clearly showing -ve divergence on the 5 min chart between the high at 11:24 and 12 :30. so to protect my targt profit of 1000 i squeezed the sl to 5082 Divergences are very hard to trade with huge number of whipsaws. On a 5 minute, well, you can easily get 5 - 10 divergences on most days. Just not a signal one should even look at (on that time frame).
Cheers
Prashanth
On Tue, Dec 1, 2009 at 1:28 PM, kk s <kumar40@hotmail. com> wrote: 1 I am making my target of 1000 Rs profit on 2 lots of nifty 2 The rise in nifty is not looking that strong to me as the opening. 3 The RSI (9) is clearly showing -ve divergence on the 5 min chart between the high at 11:24 and 12 :30. so to protect my targt profit of 1000 i squeezed the sl to 5082 of course the nifty then went on to 5100 Now i have put a SL for my medium term long nifty at 5044 using this same levels (ofcourse only 2 lots there too. From: pankaj013@gmail. comDate: Tue, 1 Dec 2009 13:21:11 +0530 Subject: Re: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) Hi kk,
Nice one. I just had one questions, why did you do this: 12:15 sl tightened to 5082 as MACD is turning -ve and rsi(9 period) shows divergence
Was it a gut feel on which the SL was moved or was there some number crunching?
Cheers Pankaj
On Tue, Dec 1, 2009 at 12:32 PM, kk s <kumar40@hotmail. com> wrote: from my dairy
today nifty future opens at 5046.1 that means Scenario 2 is satisfied long after nifty moves above 5068. I put a biuy SL order at 5069 trigger targt 5071 buy hit at 10:15 @ 5070 - put a sl of 5046 10:25 Move sl to 5060 nifty 5074 11:20 SL moved to 5070 nifty 5080 11:45 SL moved to 5074 nifty 5090 11:59 T1 of 5093 acheived pos open 12:15 sl tightened to 5082 as MACD is turning -ve and rsi(9 period) shows divergence 12:21 SL of 5082 hit and position squared up per lot profit after removing commisions is Rs 540:00
Now i wil wait for the next trade Kumar Date: Tue, 1 Dec 2009 04:52:26 +1100
Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks)
as far as i have read the theory, you need to take the day trade call depending on the tomorows open | | | | | | | | | | T1 | T2 | T3 | SL | | Scenario 1 | open between | 5046 | & | 5000 | Long | let price go below | 5000 | and move above for a target of | 5031 | 5038 | 5046 | 4978 | | | | H3 | | L3 | Short | let the price go above | 5046 | and then move below trgt of | 5015 | 5008 | 5000 | 5068 | | Scenario 2 | open between | 5046 | & | 5068 | Long | wait for price to move above | 5068 | | 5093 | 5119 | | 5046 | | | | H3 | | H4 | Short | if price goes below | 5046 | | 5015 | 5008 | 5000 | 5068 | | Scenario 3 | open between | 5000 | & | 4978 | Long | if price moves above | 5000 | | 5031 | 5038 | 5046 | 4978 | | | | L3 | | L4 | Short | if price moves below | 4978 | | 4953 | 4933 | 4918 | 5000 | so as u can see the long or short gets triggred only ater certain conditions are satisfied. like break outs after touching certain prices. What i have found is they are normally stronger on the side of the break out For eg : tomorows open is 5025 so that means scenario 1 is satisfied. then you dont go and buy when the price breaks 5046.. you buy only when the price goes down and then crosses 5000. Psychologically it mean that the market has sol off in the morning for any reason and then a strong buying has emerged pushing the price above l3 level ie: 5000 , now u wait for the price to move towards the targets. The stop loss is for worst case scenario.. As it was mentioned in one of the mails the ratio of 1:3 sl to profit is not followed here purely on the price and sl levels. but it has been noticed that you never hit the stop loss if the conditions remain normal. (normally it is that way most of the days) As the prices advances u move the sl levels to nos loss levels and wait for the price to reach T1 t2 t3 al the while moving ur sl to higher levels. Also remember this is purely for day trade. i tried it using on weekly levels and failed every time. It works very wel in nifty . but may not work so well in individual stocks.( i havent tried) Secoundly never use this method on expiry days. If you wish to have the formulaes to calculate i can send u the same. it was also given in one of the earlier posts by one of the members for calculating the AFL in amibroker But i use pure excel file and put the l;evels physically
To: technical-investor@ yahoogroups. comFrom: nareshch@live. inDate: Mon, 30 Nov 2009 21:19:34 +0530 Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) Hi Kumar , I assume 5040 is The Long break out (H4 ) and 4097 is short level (H3) as per your levels. The normal practise For SL in Camrilla is , 5040-4097 = 43 points , half of it is 22 Points .So the SL is 5040-22 =5018 . You can try a backtest and see how it works out . Naresh
To: technical-investor@ yahoogroups. comFrom: kumar40@hotmail. comDate: Mon, 30 Nov 2009 20:34:44 +1100 Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) TODAY being a volotile day, i am not geting any signals to either go long or short in this set up But using camirilla pivot levels the long was above 5040 for a trgt of 5066 and 5091 sl of 4997 and for short it will be below 4997 for a target of 4950 - 4938 SL 5040 Kumar
To: Technical-Investor@ yahoogroups. comFrom: deepakpatade@ yahoo.comDate: Mon, 30 Nov 2009 01:25:30 -0800 Subject: Re: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) I use Sharekhan for trading I just put that in charting od Sharekhan FOR macd average type E avrage period 9 short type E short period 9 long type E long period 21 AND for RSI this settings Average type E Average period 9 RSI period 9
1. Correct me if this settings are correct. 2.BUT RSI shows ( in 5 min )too many whipsaws Please explain more in detail Deepak Patade, Nasik.
From: kk s <kumar40@hotmail. com>
To: technical-investor@ yahoogroups. com
Sent: Mon, November 30, 2009 2:38:06 PM
Subject: RE: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks)
HI FLOYD I have been doing intra day tradibg on the nifty Future for quite some time now I use the MACD (E9 e21 ) on a 5 min chart lso confirm with the 9 period RSI. doing quite ok I also use the camirilla pivot levels to get into a trade . Kumar
To: Technical-Investor@ yahoogroups. com From: fjl24@yahoo. com Date: Mon, 30 Nov 2009 00:32:01 -0800 Subject: [Technical-Investor ] Any Specific Strategy For Nifty Futures - Both Intraday, BTST & Swing & Positional Trades (Max 2 weeks) | Hi Seniors Anything specifics already shared with the group on how to trade Nifty Futures - for intraday, BTST, Swing and Positional trades (max 2 weeks only). I personally prefer Nifty Futures and pretty well know that the same does not work as per the normal cash scrips. AP had once posted that if one just trades in Nifty Futures and trades well he should be able to make decent profits. I am definitely interested in learning to trade nifty futures in particular and thus my interests in trying to understand OI as posted by Vish. Another reason why i am attracted towards Nifty Futures is because carrying short positions in not allowed in cash scrips in India and given the fact that markets trend only 40% of the times would not want to miss the short selling part of it. Would sincerely appreciate if seniors could share with us how they trade Nifty Futures in particular, the strategy that best works and anything and everything which we need to know about Nifty Futures. Am aware of the risks and exposures involved as have burnt my fingers in the past trading nifty futures but i guess those who are ready for it can take atleast 1 to 2 lots to begin with if they have the required capital i.e. Thanks in advance Regards Floyd --- On Mon, 11/30/09, G Prasanna Kumar <gangisetty_p@ yahoo.com> wrote:
From: G Prasanna Kumar <gangisetty_p@ yahoo.com>
Subject: [Technical-Investor ] Advise me on Bharti Airtel
To: Technical-Investor@ yahoogroups. com
Date: Monday, November 30, 2009, 3:01 AM
Hi Guys, I attached a chart of Bharti Airtel. From the chart, especially ADX oscillator is indicating a strong negative direction, but the stock is moving up. Please advise me how to interpret the chart. Thanks in advance
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