Strategy (Trading The Trend)
Simple and effective strategy it is.
it will not make you multi-beggar in 1 trade, but it's like actual trading what a normal retail Grocery shopkeeper do.
Lets Begins...(for better resolution of Images Click on plz Links)
I find Trend according to RSI Levels and trade Accordingly. Finding trend on Bigger time Frame (Daily/Hourly) and trade the trend on small Time Frame (3/5/15 Min) Until RSI Reaches it's Next Levels (Over Bought/Over Sold).
Simple and effective strategy it is.
it will not make you multi-beggar in 1 trade, but it's like actual trading what a normal retail Grocery shopkeeper do.
Lets Begins...(for better resolution of Images Click on plz Links)
I find Trend according to RSI Levels and trade Accordingly. Finding trend on Bigger time Frame (Daily/Hourly) and trade the trend on small Time Frame (3/5/15 Min) Until RSI Reaches it's Next Levels (Over Bought/Over Sold).
1. As i will only illustrate only 2% Returns/Day... and it will give you more than 40% returns in a Month..
Capital Required 5 Lacs (Exactly 5 times of your single trade, so you can average your trade 5 times if goes opposite to your expectations)
Trading Capital 1 Lac Approx.
Example Crude Oil 5 Lots
Daily Target 20 Points (no matters you do 4 Trade for 5 Points, 5 trades for 4 Points or 3 trades for 8 Points )
Capital Required 5 Lacs (Exactly 5 times of your single trade, so you can average your trade 5 times if goes opposite to your expectations)
Trading Capital 1 Lac Approx.
Example Crude Oil 5 Lots
Daily Target 20 Points (no matters you do 4 Trade for 5 Points, 5 trades for 4 Points or 3 trades for 8 Points )
2. Charts One Hourly Time Frame(Trend finding chart) http://prntscr.com/bkzqxw
If you will see according to RSI Divergence (Negative/Positive) it set trend for the chart for Next few Days till RSI settles down .
and once we got Divergence we have to trade the Direction, means on Positive RSI diversion it's Buying on Dips and on Negative RSI Diversion Sell on Rise, becoz we know ultimately charts has to follow the Trend.
If you will see according to RSI Divergence (Negative/Positive) it set trend for the chart for Next few Days till RSI settles down .
and once we got Divergence we have to trade the Direction, means on Positive RSI diversion it's Buying on Dips and on Negative RSI Diversion Sell on Rise, becoz we know ultimately charts has to follow the Trend.
Marking on RSI and on Chart is RSI Diversions.
Positive Diversion= Price making lower low and RSI makes Higher High (@ Over Sold Zone only)
Negative Diversion = Price making higher High and RSI making lower low (@ Over Bought Zone only)
Positive Diversion= Price making lower low and RSI makes Higher High (@ Over Sold Zone only)
Negative Diversion = Price making higher High and RSI making lower low (@ Over Bought Zone only)
3. Charts 3 Min time Frame (Trading chart) http://prntscr.com/bl06wo
As i am talking about purely Intraday Trading.
we got nearly 8 very very Safe Trades according to our strategy on 24 June 2016 and out out them we can at least trade 3-4-5 according to our Points per day that is 20
When ever RSI Starts Going upside from Over Sold Zone and we got STOCH crossover confirmation in deep downside We Take Buy Position for only 5-10 Points(According to 3 min Chart it's safe to play for 5-10 point, we can trade for 40-60 Points on 15 Min/Hourly Time frame)
and whenever RSI Comes Downwards from Over bought Zone we take sell position.....
but always remember RSI Direction is most most important Don't Take opposite trades and leave aside your greed..
Fibonacci Retracement is also helpful in finding the Limits and levels of Getting into the Trades and putting SL and helps in doing Averages in your Trades..
always Use it.. it works also fine in Intraday trades in sideways markets and perfectly works in hourly and daily Charts.
Rest if anyone want to cross check my strategy based on my tools and Analysis. go to Investing.com and see my view on Nifty for the October months of last year. http://in.investing.com/indices/india-50-futures-commentary/9
http://prntscr.com/8wpnqf
for complete comments plz visit the Link nd you will be amazed that how perfectly these tools and indicators works.
always Use it.. it works also fine in Intraday trades in sideways markets and perfectly works in hourly and daily Charts.
Rest if anyone want to cross check my strategy based on my tools and Analysis. go to Investing.com and see my view on Nifty for the October months of last year. http://in.investing.com/indices/india-50-futures-commentary/9
http://prntscr.com/8wpnqf
for complete comments plz visit the Link nd you will be amazed that how perfectly these tools and indicators works.
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