Niftydoctor's intraday trading system: July 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 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 15, 2009

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

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.

MSCI INDIA INDEX

Jul 30, 2009

Jul 24, 2009

Jul 23, 2009

Jul 17, 2009

Jul 16, 2009

Jul 15, 2009

Jul 10, 2009

Jul 9, 2009

Jul 7, 2009

Jul 6, 2009

Jul 3, 2009

Jul 2, 2009

Jul 1, 2009

TRADING SYSTEM USING THREE AVERAGES

technical indicators

trade-with-trading-system

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