Niftydoctor's intraday trading system: 2009

Jul 30, 2009

STEP BY STEP

---nifty is rising step by step....(one step at atime)
--suggests big institutional buying.
---can lead to big jump in market in coming days.

positive divergence in RSI

---RSI shows positive vivergence(top to top) so downside should be limited.

Jul 24, 2009

bank nifty in triangle

----trade the breakout.

Jul 23, 2009

RSI POSITIVE DIVERGENCE

---RSI SHOWS TOP TO TOP AND BOTTOM TO BOTTOM POSITIVE DIVERGENCE WHICH IS HIGHLY BULLISH.

nifty support lines

-----4440-4450 is important support zone for nifty.

Jul 17, 2009

rsi trendlines

---watch rsi trendlines and trade accordingly.

Jul 16, 2009

RSI TRENDLINE BREAKS AND........

Jul 15, 2009

rising wedge in nifty

STEP BY STEP

--so far rise in nifty is step by step.
---rsi support line is crucial for further rise.

rsi trendlines

--watch rsi trendlines and trade accordingly.

Jul 10, 2009

rsi in triangle

----rsi in triangle and breakout from it will give direction.

Jul 9, 2009

use of RSI with three averages

today we will discuss how to use RSI along with our trading system of three averages.
---we will never trade in the opposite direction of the system.
---means when system is short the we will not use rsi for any long trade and vice versa.
---RSI can be used in absolute term means when system is short and rsi reaches 20 then book partial profit and when system is short and rsi reaches 80 then initiate short.
---look for divergence in rsi to book profit.(as shown in picture)

Jul 7, 2009

trendlines for nifty

----nifty trendline support now at 4170.

nifty in triangle

-----trade after the breakout....

Jul 6, 2009

JULY 6 UPDATE

Jul 3, 2009

nifty in triangle

---nifty in triangle.
---trade after the breakout from it.

Jul 2, 2009

july 2,update

----big move is coming.....

---all three averages at same level....

Jul 1, 2009

july 1 update

---shrot initiated at 4325 is now closed as fast average crossed middle average from below.
---nifty is at 4345,so loss of 20 points.

Jun 30, 2009

30TH JUNE UPDATE

SYSTEM GENERATED FRESH SHORT SIGNAL AS MIDDLE AVERAGE CROSSED SLOW AVERAGE AND FAST AVERAGE IS BELOW MIDDLE AVERAGE.
NIFTY IS TRADING AT 4325.

30th june update

--long initiated on 26th june when nifty was at 4280 closed today at 4370 with profit of 90 points as fast average crossed middle average.

Jun 29, 2009

29TH JUNE UPDATE

---LONG INTIATED IN NIFTY(FOURTH TRADE) AT 4280 STILL REMAINS OPEN AS THER WAS NO CROO-OVER OF AVERAGES HAPPENED TODAY.

Jun 27, 2009

26th june update

forth trade----
--system generated long call today when nifty was trading at 4280.

25th june update

----long initiated at 4290 closed today at 4260 with loss of 30 points.

24th june update

****third trade
--system genarated long when nifty was trading at 4290.

23rd june update

---short initiated at 4280 was closed today when nifty was trading at 4230 with profit of 50 points.

22nd june update

***first trade follow up
---short initiated in nifty at 4450 was closed at 4270 with profit of 180 points.
***second trade
---system generated short in nifty when nifty was at 4280.

17th june update

---sytem generated short on 17th june when nifty was at 4450.(first trade).

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TRADING SYSTEM USING THREE AVERAGES

The system features three moving averages:
fast(green), middle(red) and slow(blue).

Entry points are determined by the middle moving average(red) crossing the long moving average(blue)
and exit points by the fast moving average(green) crossing the middle moving average(red):

Go long when:
middle moving average(red) crosses to above slow moving average(blue) from below;
AND fast moving average(green) is above middle moving average(red).

Close long when
fast moving average(green) crosses to below middle moving average(red) from above.

Go short when:
middle moving average(red) crosses to below slow moving average(blue) from above;
AND fast moving average is below middle moving average.

Close short when
fast moving average(green) crosses to above middle moving average(red) from below.

---please never trade against the system.
---once trade initiated as per system then you can use rsi,macd,bollinger band,slow stochastic or parabolic sar to close your trade.

trade-with-trading-system

--Most successful traders use a mechanical trading system.

--This is no coincidence.

--A good mechanical trading system automates the entire process of trading.

--The system provides answers for each of the decisions a trader must make while trading.

--The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done.

--The mechanics of trading is not left up to the judgment of the trader.

--If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses.

--If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious.

--If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.

--The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.