Buy Rule :
Buy above 2( two ) point from the high of the signal candle this rule for only nifty.
( e.g. Nifty high Price 8000 @ signal candle , so can place buy order @ 8003. this is sure buy confirmation. )
If you trade any future stock you can buy the signal candle of high.
Short rule :
Short ( 2 )two point below the low of signal candle this rule for only nifty.
( e.g. Nifty low price 8000 @ signal candle, so you can place short order @ 7997. This is short confirmation.
If you trade any future stock you can short the signal candle of low.
If you trade any future stock you can short the signal candle of low.
Sideways Direction :
How to identify sideways trend ?
Many stars indicate to may be sideways direction for this day.
If you have already taken buy or short position , and after that many stars appear , you may book profit @ intraday and exit the position. You can trade again next day as per trading system on fresh signal.
Rule No 4 : If you have hold buy or short position as per trading system, you can continue up-to three days as per long or short. To avoid the risks. This rule for only nifty and banknifty
Profit Booking: You can book profit as per Fibonacci level given in box.
But as per system rule we change position if any reversal signal found. We are not maintaining any stop loss.
But you can use stop loss level near demand or supply level. See ex. given below
This System is more profitable for Nifty, Banknifty , and crude oil .
Profit Booking: You can book profit as per Fibonacci level given in box.
But as per system rule we change position if any reversal signal found. We are not maintaining any stop loss.
But you can use stop loss level near demand or supply level. See ex. given below
This System is more profitable for Nifty, Banknifty , and crude oil .
Check out : Back test Report of Nifty Future trading system
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About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
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