Wednesday, 25 February 2015

Bank nifty futures


Crude oil


Gold



EurUsd


India Nifty - Last 5 sessions very volatile, 4 Hr chart show sell 8890, let me watch how it span out.


OBSERVATIONS

1 . Indices and commodities need to be technically analysed using charts with indicators combination.
2 .No options trading.
3. Individual Stocks to be analysed with financial modelling and to be held for months and years until they are over valued considering sector performance, technical analysis is of no use.
4. Trading should be continuous.
5. Trading in the mostly traded indices, commodities reduces risk.
6. To start with I will concentrate on
  a} Eur /Usd pair - 30 min
  b} Gold futures- Hourly chart
  c} US oil futures - Hourly chart
  d) Nifty India futures - 4 H chart.
7. Will do a course in financial modelling and then take up investments in Stocks.
8. I hope to see a handsome  return on my trading and investments compounding from FY 15-16.
9. 10 crores in 9 years with a modest investment seems logical if I stick to my above observations.

Happy trading and let wise mind prevail upon me.

concentrated on trading yesterday and made profits. Hence couldnt post.

I found
1. This system generally address the trend of the market.
2. Timeframe to be adjusted  for each commodity or pair according to their momentum.
ex. Eur Usd 30 min, whereas US OIL and Gold are hourly charts. Nifty future 4 hr
3. Being a trend following system, setting stoploss seems to be losing level, one opposite stroke
hits stoploss as seen in yesterday Eur usd. positions to be open which we might think risky.
4. Quick scalping not possible.
5. 30% return per month seems to be assured.
6. No need to look as each candle and start analyzing its behavior and news.
7. Seems to be relaxed trading and need not get glued to charts.
8. Finally, balancing the chart set up, mind set up and targeting 30% return on investments
seems to be more important than trying to protect capital by setting stoploss and trying for
more profits, 

nifty