Today Nifty stopped out on short entry, and there after long entry was not triggered. DLF made the 3.5 point profit target.
Wednesday, 7 December 2011
7-12-2011
· The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 7-12-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Up | SL/target: | 12/305070 | |
Level | Comments | |||
| 5070 | Buy/Sell | |||
| 5036 | Buy/Sell | |||
| 4983 | Buy/Sell | |||
Date: | 7-12-2011 | Symbol: | DLF Cash | |
Directional Sentiment: | Up | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 233.70 | Sell | |||
| 226.50 | Buy/Sell | |||
| 222 | Buy/Sell | |||
Monday, 5 December 2011
Eqity Curve
Today I just plotted the equity curve of the performance from this blog. It is almost smooth and steady without much draw down. Good for any trading system.
NIFTY
DLF
NIFTY
DLF
Trades 5-12-2011
There was no trade in NIFTY today. DLF has two trades, first trade hit SL and second one made traget of 3.5 points. The first trade was at 224.50 -224.80 region. So when price is coming form down side, sell at 224.50 and SL is 224.80 + 1.50 = 226.30. So we put trigger at 226.35.
5-12-2011
- The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
- Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
- After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
- Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
- Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
- Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 05-12-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Up | SL/target: | 12/30 | |
Level | Comments | |||
5168-5172 | Sell | |||
5144 | Sell | |||
5094 | Buy/Sell | |||
Date: | 05-12-2011 | Symbol: | DLF Cash | |
Directional Sentiment: | Up | SL/target: | 1.5/3.5 | |
Level | Comments | |||
233.70 | Sell | |||
227 | Buy/Sell | |||
224.50-224.80 | Buy/Sell | |||
219-219.50 | Buy | |||
215.50 | Buy | |||
There was a mistake in nifty levels. 5044 is edited to 5144 now
Friday, 2 December 2011
Trades 2-12-2011
Today was worst day for NIFTY, Two trades stopped out making 24 point Loss. However DLF trade made the target of 3.5 points.
Thursday, 1 December 2011
2-12-2011
- The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
- Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
- After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
- Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
- Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
- Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 12-2-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Upward | SL/target: | 12/30 | |
Level | Comments | |||
| 5004 | Buy/Sell | |||
| 4976 | Buy/Sell | |||
| 4956 | Buy/Sell | |||
| 4936 | Buy/Sell | |||
Date: | 12-2-2011 | Symbol: | DLF Cash | |
Directional Sentiment: | Upward | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 219.90 | Buy/Sell | |||
| 218.20 | Buy/Sell | |||
| 215.70 | Buy/Sell | |||
| 214 | Buy/Sell | |||
November Performance.
Well, today no levels were posted and market opened gap up. On such days, there are levels which becomes active after open, because we don't know where the market will open with such overnight News. It is bit difficult to post after market open as focus is on trading.
I am Taking a look at performance during November.
NIFY - Total no. of Trades = 13, Winners - 10, NET 262 points.
Assuming a brokerage of 2 points and 2 point slippage on SL hit trades, NET profit is 230 points.
It is Rs. 11500 and the margin for one lot of nifty is around 25000. This means a return of 46 % for the month. Actually for intra day trades brokers usually demand half of the margin, but I do not recommend high leverage.
DLF Trades 15, Winners 10, NET 25.1 points.
Assuming a brokerage of 0.15 point and Slippage of 0.20 points on SL triggers, Net profit is 21 points. DLF futures lot size is 1000 and margin required is around 50000. This translates a net profit of 42 % for the month.
This is good returns, and one following these levels do not have to sit in front of the terminal for whole day. After the first few minutes of open one can decide on the trade and put orders, on most days. Only on days of breakout entries, one has to be more focused, that too normally for 30/60 minutes only.
I track 5/8 symbols daily for trading opportunities, but consistently trading a single symbol is more easier. So I am providing levels for a Futures symbol and another one for cash market levels because there are many traders who takes small position sizes in cash segment.
I am Taking a look at performance during November.
NIFY - Total no. of Trades = 13, Winners - 10, NET 262 points.
Assuming a brokerage of 2 points and 2 point slippage on SL hit trades, NET profit is 230 points.
It is Rs. 11500 and the margin for one lot of nifty is around 25000. This means a return of 46 % for the month. Actually for intra day trades brokers usually demand half of the margin, but I do not recommend high leverage.
DLF Trades 15, Winners 10, NET 25.1 points.
Assuming a brokerage of 0.15 point and Slippage of 0.20 points on SL triggers, Net profit is 21 points. DLF futures lot size is 1000 and margin required is around 50000. This translates a net profit of 42 % for the month.
This is good returns, and one following these levels do not have to sit in front of the terminal for whole day. After the first few minutes of open one can decide on the trade and put orders, on most days. Only on days of breakout entries, one has to be more focused, that too normally for 30/60 minutes only.
I track 5/8 symbols daily for trading opportunities, but consistently trading a single symbol is more easier. So I am providing levels for a Futures symbol and another one for cash market levels because there are many traders who takes small position sizes in cash segment.
Wednesday, 30 November 2011
Trades 29-11-2011
There were two trades in NIFTY, first stopped out. DLF trade made the 3.5 point target.
Tuesday, 29 November 2011
29-11-2011
The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 29-11-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Up | SL/target: | 12/30 | |
Level | Comments | |||
| 4874.50 | Buy | |||
| 4840 | Buy | |||
Date: | DLF | Symbol: | DLF | |
Directional Sentiment: | Up | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 210.30 | Buy | |||
| 208.80 | Buy/Sell | |||
| 203.40 | Buy | |||
Monday, 28 November 2011
Trades 28-11-2011
No trade in NIFTY today. DLF traded above our last sell level for more than 2.5 hours, we are focused on opening trades. Even if u entered short later, SL was not hit nor target made. May be a break even trade.
Sunday, 27 November 2011
28-11-2011
· The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 28-11-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Sideways | SL/target: | 12/30 | |
Level | Comments | |||
| 4767-4772 | Buy/Sell | |||
| 4705 | Buy/Sell | |||
| 4766 | Buy/Sell | |||
Date: | 28-11-2011 | Symbol: | DLF Cash | |
Directional Sentiment: | Sideways | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 209.209.50 | Sell | |||
| 203.20 | Buy/Sell | |||
| 199.30 | Buy/Sell | |||
| 195 | Buy/Sell | |||
| 191.30 | Buy/Sell | |||
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