INDIAN-DAY-TRADING-SCHOOL

Position trading system for future/option. 1.This sytem is for taking a position by any day and continuing up till reversal. 2.Advantage is less brokerage and less tension ,less time before the terminal. Log in to finance.yahoo.com. You can enter the trade on any day but it is suggested to enter the trade during the first week for the current month . Type ^nsei in the quote box. Select interactive from left side menu. Double click on the chart. Select “3M” from the bottom menu,,”candle” from chart setting menu,,4EMA from technical indicators menu.. 3 month chart of nifty is displayed in the screen. Analyze the chart. Note down the 4ema value for the last trade day. Case 1. 1.Nifty has closed above 4ema value DURING THE LAST TRADE DAY. 2. on current date By 3 .15 pm ,nifty is trading above 4 ema of last day. 3. Check the type of candle being formed for the current day. If it is 1. doji,2. hammer, 3. grave stone doji,4. hanging man , Then don’t initiate ...

TRADING SYSTEM 1.Log in to www.finance.yahoo.com 2.TYPE” ^NSEI” in quotation box and enter. 3.Double click on the nifty chart. 5.Select “basic technical analysis” from left side menu. 6.Chart type –Candle. 7.Indicators-MACD 8.Overlays –Parabolic SAR. 9.Log in to VFMDIRECT.COM and note down last day nifty High,Low,Close and S1,S2,PIVOT,R1,R2. 10.Also notedown ATR. (For consolidation days range will be less than ATR) 11.Log in to WWW.tradein niftyonly.blogspot.com note down 5EMA,HEMA,LEMA AND JNSAR For the last day. NOW observe the chart. 9.30 am. CASE1 1.Nifty is trading above HEMA. 2.PSAR is forming green dots. 3.MACD Vertical lines begin to form above zero line. Buy respective CE after consolidation of last Big Candle. 3.Confirm there is scope for atleast 20-25 points move by sanalyzing , support and resistance levels. 4.Buy CE one lot. 5.Note down nifty spot value,CE strike price, purchase price for CE,No of lots purchased ,time, Approximate nif...