My self invented trading technique for Intra day trading
Dear All
Thanks all for your response.
I assure this technique will help you all to earn decent returns. Decent returns means if you properly follow the strategy without any cross trading and reverse tradings you will get two cnances one is you will get one or two entries a day or otherwise no entry at all, in each entry we will get assured returns of 6 to 20 points per entry (in NIfty) normally without hitting the stoploss. Only based on my experience i am writing these articles.
As i written already this consolidation is a worthwhile technique which no experts had touched. Again this strategy based on the consolidation provides to avoid the false entries. Here i want to give an example on which days the market was range bound and no entries generated.
one of our friend had asked me a doubt in movement of Banknifty. I suggested that the Bnaknifty moves with Nifty i.e., based on the banknifty consolidation we should not take entries. Take the movement of Nifty on 28/12/20, 29/12/2020 and 30/12/2020 . where the movement of market is narrow and range bound. If you wrongly take entry on these days the CE or PE options premium will be eaten away and we will end up in loss.
Kindly remember with our capital of Rs.15000 we are going to trade only options. Even if you do the Nifty futures also as positional trade we couldnt predict in which direction the market will break out. But with our consolidation strategy the entry will get avoided.
Normally i used to write that avoiding a bad entry is more good that taking good entry.
Here i want to share the screen shot of my trading strategy based on the consolidation theory, but i doesnt know whether policy of this trading view platform allows to post other trading platform's screen shot.
Thanks all for your response.
I assure this technique will help you all to earn decent returns. Decent returns means if you properly follow the strategy without any cross trading and reverse tradings you will get two cnances one is you will get one or two entries a day or otherwise no entry at all, in each entry we will get assured returns of 6 to 20 points per entry (in NIfty) normally without hitting the stoploss. Only based on my experience i am writing these articles.
As i written already this consolidation is a worthwhile technique which no experts had touched. Again this strategy based on the consolidation provides to avoid the false entries. Here i want to give an example on which days the market was range bound and no entries generated.
one of our friend had asked me a doubt in movement of Banknifty. I suggested that the Bnaknifty moves with Nifty i.e., based on the banknifty consolidation we should not take entries. Take the movement of Nifty on 28/12/20, 29/12/2020 and 30/12/2020 . where the movement of market is narrow and range bound. If you wrongly take entry on these days the CE or PE options premium will be eaten away and we will end up in loss.
Kindly remember with our capital of Rs.15000 we are going to trade only options. Even if you do the Nifty futures also as positional trade we couldnt predict in which direction the market will break out. But with our consolidation strategy the entry will get avoided.
Normally i used to write that avoiding a bad entry is more good that taking good entry.
Here i want to share the screen shot of my trading strategy based on the consolidation theory, but i doesnt know whether policy of this trading view platform allows to post other trading platform's screen shot.
Comment:
the above chart not relate to this article