Nandiji , one doubt if nifty is trading below Agni then should I hold long based on 4sma and 10 Ema? Or we should close all long positions
2ndly when ever Agni level changes from buy to sell, nifty always takes 3-4 days to consolidate and even it crosses initial short level of Agni and then eventually it falls, How to manage trade in such case? On 20th Agni was @ 10455, on this day it gave valid short @ 10455-8= 10447 and Agni kept moving up on each day like, 10525, 10540, 10547, 10539 from 20th Dec till 27th. IT never crossed buy level of +8 on all these day Except on 27th @ 10539+8= 10547. I reversed position with loss of 100 pts then on same day it hit SL of 10547-16=10539, which I am still holding as short. Is this right interpretation of taking trades? or we should close short taken on 20th once it crosses 10455+8 = 10463 on 21st and wait for to initiate trade in next 3-4 days when price is in range of Agni
Dear Atharva, Agni level plus 3 other figures(Breaks,Open & Cypher) are suggested for intraday futures trades only. See the details in the link "Day Traders Manthra". For Equity traders Agni level indicates an Exit if Nifty is below it. However, if not in proifit one can hold it for next exit signal. Nandi also exited Nifty positions (profitable) when Nifty moved below Agni level and waiting for entry. Today Nifty futures(Jan series) low was 10469.
For Positional futures trading see the link "Nifty Futures Trading based on AGNI, 4DMA & EMA10". Nandi goes positional shorts when Nifty is below EMA10 and another when Nifty moves below SMA64.
Verily, there is no single method to suit every trader. So, find out your best sutited method by trial and error method. Wish you all the best for 2018.
I have been observing levels derived from Agni, 4sma & 10ema.
I have defined a trading based on Agni, I buy + 8 above Agni level with stop and reverse if nifty hits Agni - 8 points. I wait for 3 min bar to close above/below these levels.
Also, I use 4 sma and 10 ema levels which are dynamic in live market. Here also if Agni trade is short and if nifty moves below 4sma then I will book longs taken based on 4 sma and take short below 4sma with same principle being used for initiating trade based on Agni level; +/- 8 pts. I add another lot once 10 ema level is broken. 4sma trades whipsaws when price is above 10 ema but I quickly reverses when nifty moves above 4sma +8 level.
Only dilemma was whether to hold short based on Agni when next 2-4days Agni keeps moving up. As u had answered it, now it is clear to me. I will close short if nifty moves above +8 from Agni level and be side line.
Intraday trades based in NBOC ( nifty breaks open Cypher) is very much clear and it is amazing. here my decision is +/- 11 pts, 1 lot so not exceeding sl more than 1000/- per trade..
Once Again thanking you and Wishing you a very profitable, healthy new year
3 comments:
Dear Nandiji,
Merry X mas to you and your family.
Nandiji , one doubt if nifty is trading below Agni then should I hold long based on 4sma and 10 Ema? Or we should close all long positions
2ndly when ever Agni level changes from buy to sell, nifty always takes 3-4 days to consolidate and even it crosses initial short level of Agni and then eventually it falls, How to manage trade in such case?
On 20th Agni was @ 10455, on this day it gave valid short @ 10455-8= 10447 and Agni kept moving up on each day like, 10525, 10540, 10547, 10539 from 20th Dec till 27th. IT never crossed buy level of +8 on all these day Except on 27th @ 10539+8= 10547. I reversed position with loss of 100 pts then on same day it hit SL of 10547-16=10539, which I am still holding as short.
Is this right interpretation of taking trades? or we should close short taken on 20th once it crosses 10455+8 = 10463 on 21st and wait for to initiate trade in next 3-4 days when price is in range of Agni
Best Regards,
Jitendra
Dear Atharva,
Agni level plus 3 other figures(Breaks,Open & Cypher) are suggested for intraday futures trades only. See the details in the link "Day Traders Manthra". For Equity traders Agni level indicates an Exit if Nifty is below it. However, if not in proifit one can hold it for next exit signal. Nandi also exited Nifty positions (profitable) when Nifty moved below Agni level and waiting for entry. Today Nifty futures(Jan series) low was 10469.
For Positional futures trading see the link "Nifty Futures Trading based on AGNI, 4DMA & EMA10". Nandi goes positional shorts when Nifty is below EMA10 and another when Nifty moves below SMA64.
Verily, there is no single method to suit every trader. So, find out your best sutited method by trial and error method. Wish you all the best for 2018.
Dear Nandiji,
Thanking you and wishing you same.
I have been observing levels derived from Agni, 4sma & 10ema.
I have defined a trading based on Agni, I buy + 8 above Agni level with stop and reverse if nifty hits Agni - 8 points. I wait for 3 min bar to close above/below these levels.
Also, I use 4 sma and 10 ema levels which are dynamic in live market. Here also if Agni trade is short and if nifty moves below 4sma then I will book longs taken based on 4 sma and take short below 4sma with same principle being used for initiating trade based on Agni level; +/- 8 pts. I add another lot once 10 ema level is broken. 4sma trades whipsaws when price is above 10 ema but I quickly reverses when nifty moves above 4sma +8 level.
Only dilemma was whether to hold short based on Agni when next 2-4days Agni keeps moving up. As u had answered it, now it is clear to me. I will close short if nifty moves above +8 from Agni level and be side line.
Intraday trades based in NBOC ( nifty breaks open Cypher) is very much clear and it is amazing. here my decision is +/- 11 pts, 1 lot so not exceeding sl more than 1000/- per trade..
Once Again thanking you and Wishing you a very profitable, healthy new year
Best Regards
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