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syam-mohan-vs
Oct 20, 2016 4:01 AM

Trendshikari DTS - Long Tip Long

Nifty 50 IndexNSE

Description

Buy @ 8735.65 Stop @ 8718.15 Target @ 8755

Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script. Rules for trading this Indicator is published here -
Performance results for Sep 2016 published here -
Trading this system would be a matter of your sole educated discretion and I shall not be responsible for any possible loss that you may incur trading this system.

Comment

You may also enter if price falls to 8701.65 with Stop @ 8684.3 and Target @ 8726.8

Comment

If entry happens @ 8735.65 and Target @ 8755 is taken out exit and re enter @ 8763.85 with Stop @ 8746.25 and Target @ 8783

If entry happens @ 8701.65 and Target @ 8726.8 is taken out exit and re enter @ 8735.65 Stop @ 8718.15 Target @ 8755

Trade active

@ 8701.65

Comment

Still in active zone...wait and watch -

Comment

Still active hit low at 8685.2 and bounced back from just above the Stop.

Trade closed: stop reached

Comment

If price touches 8701.65 you may again enter a long with Stop @ 8684.3 and Target @ 8726.8

Comment

Trade active

Comment

If target hits exits and Nifty moves forward re enter @ 8735.65 Stop @ 8718.15 Target @ 8755

Trade closed manually

Comment

Comment

Closed near the entry price with 0.35 point loss....
Comments
ASKSANTHOSHPM
Hi stops are low I suppose
syam-mohan-vs
Hey bro. It may looks so on this trade but over many trades I have done with this system that has been a big money saver and thats why I have kept it the way it is. But am open to changing it in future based on results.
ASKSANTHOSHPM
K add +8 extra as SL
syam-mohan-vs
Sorry bro. The system thrives on near 2:1 risk to reward ratio and some times 1:1. Having +8 point is not an option therefore. For a swing trading system looking for capturing more of the trend that may be ok. But not for a quick buck intraday system like this. Also as I have pointed out earlier, current levels have served me well over many trades. So I shall keep it as is for now. Anyway thanks for the suggestion. You are the only one in TV that respond to my tip so very often and that keeps me inspired to keep improving the system and making it work for more people than the current lot of users.
ASKSANTHOSHPM
Thanks sure, I'm still a novice, I don't trade much but I follow systems. All for confidence
syam-mohan-vs
Awsome bro. Keep going. All the Best. And keep letting me know your thoughts...
ASKSANTHOSHPM
Done Bro, tomorrow I expect 8743 breaches then 8790
syam-mohan-vs
okies...
syam-mohan-vs
I was looking for some forward movement today looking at the F&O buildup. But dint happen. But may happen tomorrow as you say.
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