Trade with Ajeet Singh

A Free trading Hub for fellow traders, updated fortnightly.

Bhavcopy Downloader

Getbhavcopy is a FREE data downloader for Indian Stock Exchanges, NSE and BSE. The data is directly downloaded from NSE and BSE servers.

Getbhavcopy can download daily and historical EOD data for Equities, Indices and Futures. The downloaded data is exported in a format that can be easily imported by leading technical analysis softwares like Metastock, Amibroker and Fcharts
(Getbhavcopy requires Microsoft .NET Framework 4.0 or higher to be installed on your machine)





Courtesy: H. Kapadia




How to choose stocks for Intraday





  1. Take out 4 hour time frame charts,
  2. Identify trend in 4 hour time frame using either price action - (HH HL & LL LH, VPL, VPH, MPH, MPL ) or simply with Super trend (8,2 or 10,3 settings) or PSAR or EMA's (50/200 EMA ) etc etc..
  3. After identifying trend, look for confirmation from momentum , using ADX or CCI etc etc
  4. If you get stocks that meets both criteria, then try those stocks for intraday..
  5. For doing it in intraday , follow same steps in 1 hours and 15 min charts... 1 hour chart for signal confirmation and 15 min chart trade entry....



    This way , you are going to trade in same direction of 4H, 1H and 15 Min..


    All Credits to: Marimuthu


Money Flow Index Trick



  1. Find out the previous day’s high and low.
  2. Find out current day’s high and low at any point of time.
     
  3. Note down 2 fractions (0.45 and 0.75)
  4. Find the range of previous day. (Previous day high – Previous day low)
  5. Multiply the range for previous day with the two fractions from step 3. (0.45 and 0.75). Mark this result as MF1 and MF2.
  6. Now find current day’s range (Today’s high – Today’s low)
  7. Find out whether current day’s range is below MF1, between MF1 and MF2 or above MF2.
  8. If current day’s range is below MF1, then breakout levels are Upside Breakout = Today’s low + MF1. Downside Breakout = Today’s high – MF1.
  9. If current day’s range is between MF1 and MF2, then breakout levels are Upside Breakout = Today’s low + MF2. Downside Breakout = Today’s high – MF2.
  10. If current day’s range is above MF2, then DO NOT TRADE.
  11. Once we know the breakout levels, we can buy above Upside Breakout and sell below Downside breakout.
  12. Target should be 0.7%.
  13. Stop loss should be 0.8% or if the underlying is trading below our buy price or above our sell price for more than 10 min, then square off the position.
  14. This trading system is best suitable for those who can trade in multiple stocks and are very active in trading. One should not expect more than 1% from this system.

    Note: This system should be used till 2 pm (or 1 and half hour before market closes. Because there is no point finding breakouts in last minutes of trading session)

    *The Money Flow Index (MFI)* is an oscillator that uses both price and volume to measure buying and selling pressure. MFI starts with the typical price for each period.

    Money flow is positive when the typical price rises (buying pressure) and negative when the typical price declines (selling pressure).

    A ratio of positive and negative money flow is then plugged into an RSI formula to create an oscillator that moves between zero and one hundred.

    As a momentum oscillator tied to volume, the Money Flow Index (MFI) is best suited to identify reversals and price extremes with a variety of signals.

28 Nov 2017




RSI Breakout Strategy


(Click image to Enlarge)


1ST POINT:
RSI MUST CROSS 60 

2ND POINT:
RSI MUST MAKE A PEAK ABOVE 60 

THEN RSI AFTER MAKING PEAK SHOULD SLOPE DOWN BUT SHOULDN'T SLOPE BELOW 60 3RD POINT

AFTER SLOPE IT SHOULD RISE AGAIN AND CROSS THE PEAK IT MADE FINAL POINT


RSI Calculation
1.    Typical Price = (High + Low + Close)/3
2.    Raw Money Flow = Typical Price x Volume
3.    Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow)
4.    Money Flow Index = 100 - 100/(1 + Money Flow Ratio)


USE THIS SETUP FOR TIME BEING
·        RSI CROSSES 60
·        MFI CROSSES 60
·        RSI(14) Breakout


The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. Momentum is the rate of the rise or fall in price. The RSI computes mo mentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes

Uptrends generally traded between RSI 40 and 80, while Downtrends usually traded between RSI 60 and 20.

If the relative strength index is below 50, it generally means that the stock's losses are greater than the gains. When the relative strength index is above 50, it generally means that the gains are greater than the losses.

The slope of the RSI is directly proportional to the velocity of a change in the trend. The distance travelled by the RSI is proportional to the magnitude of the move.









27 Nov 2017

Stocks 20-20







22 Nov 2017

Stocks 20-20






Courtesy: cnbcstock2020.wordpress.com/