sravanreddy.226

BankNifty - More than 270 Points covered Today with out any FEAR

NSE:BANKNIFTY   NIFTY BANK
As I mention - Trading BankNifty requires a special set of tools rather than running behind its price action.

BankNifty is a scale that measures the Performance of our Banking System.

Understanding its formation is key to the success in trading it.

Analyze the Free Float Market cap weightage assignments and the underlying Bank's spot market volume distribution. To clearly visualize the Direction of BankNifty .

Intraday trading needs proper planning. AND DON'T GUESS ABOUT TOMORROW'S PRICE MOVEMENT BECAUSE PRICE IS A SUBSET OF VOLUME + EVENT/NEWS.

Trading is a lifetime skillset Happy trading.

If you like my Idea, Just hit a "LIKE" button.

Any questions, please reach out to me.
Scrolling back for 02 May, we can see clearly the indicator would have given decent losses which you have of course tried to hide. It is natural for any subscription business to showcase the profits and hide the losses. Thanks.
+4 Reply
sravanreddy.226 PredictNifty
@PredictNifty,
The Answer to your question

Reply
PredictNifty sravanreddy.226
@sravanreddy.226, Is it not clear from the above pic, that the Buy call at 14:00 on 1st May would have fetched a loss of 150 points? And the sell call around 12:45 (the first S candle) would have fetched a loss of around 100 points?
Reply
PredictNifty sravanreddy.226
@sravanreddy.226, Even the first buy trade at 9:30 am would have given decent loss. See we buy at 29829 which is the close of the 9:30 candle. If we are saying we wont wait for close, then it would be a reliable strategy we can backtest on because if we dont wait for candle close, the signal can disappear anytime before leading to confusion and multiple wrong trades. So I will consider the close. So we buy at 29829. And the sell signal comes at 29741 at 12:45 pm close. Which is a loss of 88 points. There was no other profit booking candle before that. Let me know if that is not the case..and total loss 338 points on May 02...Waiting for your clarification...
Reply
sravanreddy.226 PredictNifty
@PredictNifty,

Yes, First you have to understand the Profit booking, I told you multiple times its a 60 to 70 points signal system. Then I leave the calculation now to you. And if you or your system is so great enough, post the results and take it forward, even I will Appreciate it.

Its not that, your exit depends on the next sell signal, this is not some kind of Crossover logic. The Entry and Exit are pretty dynamic in nature.

I have proven it through backtesting and the mentioning about the concept behind it. So, Here there is no need for me to prove more than this and if you have something better. All the best.

I don't draw lines to make some false projections, saying if it breaks this it will go here or there.

As a full time trader, I always believes in Time tested systems with a strong fundamental concept behind it.
Reply
PredictNifty sravanreddy.226
@sravanreddy.226, Ok. So if the exit is as per "my wish when I get 60/70 points profit" when how can we capture 270 /300 -350 points profit which you are claiming? And secondly this "my wish or comfort level" doesnt help one define a strategy. We need to code the entry and exit precisely. Even supertrend on favorable market gives 80% or more. I am also a full time trader. I have created similar indicator some 1 year back - I did test it honestly and it did NOT work. So if you have any point to refute my claims let me know, else I will distribute my indicator for free here to those interested. I dont want people to be misguided by tall claims on systems that do NOT work.
+1 Reply
sravanreddy.226 PredictNifty
@PredictNifty,

Answer is given in the below.

To market your indicator, you don't need to make others bad, All d best on your indicator. Even we have a lot of free indicators(Breadth tools and Market Internal based indicators). Show me a single person who created Market Internal based tools in India using the capitalized weightage concept (Open Challenge) at free of cost.

I have proved it by posting the back testing results and concept behind, Even after showing the backtesting results are framed. I leave it for your knowledge.
Reply
PredictNifty sravanreddy.226
@sravanreddy.226, Ok Thanks, I will check the indicators you have created. Will see if I can combine anything into my system. But the point is, having great knowledge does not necessarily translate into trading profits because knowledge, which is in public domain it pretty useless (thats why they are in public domain!)..."To market your indicator, you don't need to make others bad" - I agree on this part. I will not critique any further. Thanks.
Reply
sravanreddy.226 PredictNifty
@PredictNifty, Cool, check it under Tradepro_Moneyflow. Everything is locked, if you want to access, feel free to reach out to me.
Reply
PredictNifty sravanreddy.226
@sravanreddy.226, "I don't draw lines to make some false projections, saying if it breaks this it will go here or there. " - Neither should any matured trader! But that doesnt answer my question. How to book profits as per the signal?
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