Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Intraday Notes for Nov 1,2008

40 sec read


 


USED Moving Average Crossovers : 200min EMA & 34 min EMA
Charts Used : 5 day Charts, 5 min Bars

Go Long Rules
If The faster line (red ) goes above the green – > Close shorts & immediately go long.

Go Short Rules
The faster line (red ) goes below the green – > Close longs & immediately go short.

No other Indicators Needed… Works Well Especially in Volatile Times

Stop Loss
An initial acceptable range for the stop depending on your comfort level can be put. As the Nifty moves in your direction , immediately put the the stop at the purchase price + brokerage as soon as possible.

Finally Profit is yours !!!!

Just Think about your profits if you shorted near 3000…. where the exact sell signal comes and next comes the buy signal at 2400

Your Profits 3000-2400 = 600 pts = 600×50 = Rs 30,000/Lot in just two days!!!!

And When your reverse your shorts with a buy signal which comes near 2400

Your Profits 2800-2400 = 400pts = 400×50 = Rs 20,000/Lot in Just 3 days

Total Profits in volatile Times = 50,000/Lot

Also still the buy signal never ends

Keep Counting your profits!!!!

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “Nifty Intraday Notes for Nov 1,2008”

  1. intraday strategy using 200min&34min ema u had indicated 5 min bar is to be used how is possible to use 200min&34min ema in 5min bars? i feel weshould use 1 min bar

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