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Trading Strategy based on Bollinger Bands

May 1, 2013

Trading Strategy based on Bollinger Bands

I know many of you are already using Bollinger Band in your analysis and trading, but I am also sure that most of you really don’t understand, strength hidden in Bollinger Bands. Honestly, I was also using Bollinger Band from last couple of years, but only in recent past I realized true magic of B

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Nifty Weekly Technical Outlook for 05th Aug, 2013

May 1, 2013

Nifty Weekly Technical Outlook for 05th Aug, 2013

[caption id="attachment_2192" align="aligncenter" width="300"] Nifty Weekly Chart[/caption] [caption id="attachment_2193" align="aligncenter" width="300"] Nifty Daily Chart[/caption] Week of Pessimism and Hope... When party at war throws open challenge and other party got defeated in fight, it

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PMS Update as on 08 Jan’ 2014

May 1, 2013

PMS Update as on 08 Jan’ 2014

   

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PMS Update as on 03 Jan’ 2014

May 1, 2013

PMS Update as on 03 Jan’ 2014

We are adding few stocks, and planning to book profit in some stocks, name of the stocks will be conveyed to our subscribers in due course of time. If you want to know more about our services than just click here and fill your details, we'll give you a call back.

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One tour in currency space.

May 1, 2013

One tour in currency space.

Generally, I get less chance to look at currency charts, but still sometimes I look at it. Let’s begin with Dollar Index, than EUR/USD and lastly USD/INR. Dollar Index as on 15 Mar’13 – 82.13 On 14 Mar’13 Dollar Index made a high of 83.16 and finally ended 29 days (trading days) long r

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Update as on 20 Feb'13

May 1, 2013

Nifty as on 20th Feb’13 – 5964.30 It was quite frustrating day, as Nifty remained range bound during whole day and closed with weak candle, which makes me more cautious now. I would prefer to stay long with trailed stop loss as my cost price. Bank Nifty as on 20th Feb’13 – 12410 Ban

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Positive divergence honored.

May 1, 2013

Yes, Nifty and Bank Nifty both honored the positive divergence, and moved higher in last session. Now what should be trading strategy? Ideally, trader should go long on Nifty with a stop loss of previous days low. But from current market price of 5682.55 (spot) low is far below at 5605. In suc

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Teach a Man to Fish…

Its long time since I have written any post here. Last when I shared my view, market was near 8800 levels, and I was of the opinion that it can easily go towards 9400 mark, and where we stand today, but it was early call to take because, before going towards 9400 market has corrected a bit and then resumed higher.

I was there in market all through but not shared anything here, just because I realized one fact that, there are lot of people who freely share their view, but important is to give hand-holding to the readers, and which is not at all possible for anyone.

If handholding is not possible then what is the best alternative available. I read somewhere that give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. So, I think it is best possible alternative available for my readers.

Objective of writing this post is to share with you one important observation which I have made in last couple of months. Lately, I realized one thing no matter how good you are in your analysis, but if you cannot decisively say where to buy and where to sell, your analysis will not make any sense to anyone, because here everyone comes to mint money, and all are interested to know the location of action.

Solution to such problem is to build a strategy and implement in the market, and if it fulfills your criteria then use it. With my reading and understanding I have developed one strategy which has given superlatively fantastic results according to me and I will share the details of such results below. If you are interested to learn this strategy from me you can contact me on my email address info@way2profits.com . I will teach you strategy one to one basis online, and make you understand the whole idea.

 

NIFTY RETURNS WITH STRATEGY

It is for you

  • If you know bit about the market and ready to put some efforts
  • If you are seeking proper guideline for entry, exit and stop loss
  • Even if you are seasoned market player, it will certainly add value to your experience.

It is not for you

  • If you are seeking constant advise, then you’ll be disappointed.
  • If you are looking for intraday opportunities.
  • If you don’t have patience to wait for right signal to emerge.
  • If you cannot accept the loss, which is an integral part of the system.
  • If you cannot accept overnight risk.

Frequently Asked Questions.

  1. How can I learn this strategy?

Ans : I will teach you this strategy online till you understand the concept. I will solve all you query with charts and examples.

  1. Do I need to be expert in the market?

Ans :- No, you don’t need to be expert in market or technical analysis. But yes, you are expected to know the basics of market, because without knowing the basics I cant explain things in details, so make sure you know the basics.

  1. How much time it will take to learn and implement the strategy?

Ans : I will teach you method in roughly one session of 2-3 hours, but in case if you don’t understand then I don’t mind to stretch further, ultimately you should be satisfied to the fullest. And as far as implementation is concerned, I advise everyone to backtest thing on your own, so to build confidence in the system and if you can do it, you  can implement strategy from next week only.

  1. Can you take classroom session?

Ans :- Yes, classroom session can be arranged, if I get 5-6 students in your city, otherwise I am ready for online sessions.

  1. How much Margin I need?

Ans : To implement this strategy you need minimum two lots margin.

  1. Can I implement this strategy with the help of Options?

Ans :- Yes, but in that case results will differ accordingly. But once signal is generated you can buy/sell given instrument or its options also, it is up to you.

  1. Will you give me support after completing the course?

Ans :- Yes, after learning the method you can certainly ask me any query regarding the method, I am happy to help you.

  1. When you will conduct the training?

Ans : On every Saturday between 6-9 I will take the training programme. And it will be one to one basis only, so with you there is no other person will be joined, so you can freely ask you query. So you may confirm the availability of Saturday and book your slot.

  1. What is the fees for training?

Ans :  Its Rs. 10000/ for training and if you book it early, you’ll get discount of Rs. 2000/-, effectively it will cost you just Rs. 8000/-

  1. What materials you’ll give?

Ans :- I will share presentation of strategy with rules to be followed with examples, with that backtested results

  1. Will I make same returns in future out of the strategy?

Ans :- No, technically it is not possible because future is unknown to everyone. But be rest assured that if you follow the give guidelines you will make very good returns from the strategy.

  1. Refund policy.

Ans :- Kindly note that, in any case whatsoever maybe, money once receive will not be refunded back, so request you to kindly make sure before making a payment.

  1. Is this holy grail of stock market trading?

Ans :- Kindly understand there is No Black Box system in the world which can be called as Holy Grail of stock market trading, so keep your expectations real.

  1. Do I need charts?

Ans :- Yes, you need charts for backtesting the instrument.

  1. Is it an intraday trading stragegy?

Ans :- No, this is swing trading strategy, and you need to wait for signals to come.

  1. Will this strategy, give me a constant advise?

Ans :- Absolutely No, you have to wait patiently for system to give you signal.

 

 

Better way to trade with Gann Square of Nine

Dear Friends,

Its long while since I posted here. In last couple of months I have explored various ways to improve trading and trading psychology, there is lot to learn and lot to share with you all, but I’ll discuss about that some other time. Today I need to share with you some simple ways to improve your trading. A better way to trade Gann Square of Nine.

Gann square of Nine has attracted lot of attention, not only because of it was developed by legendary trader W.D. Gann but also because of its simplicity to use and understand and also apply. You all very well know that I have publicly shared Gann Calculator and more than 4000 people have already downloaded the calculator.

With my understanding and exploration, I have figured out few simple rules to be followed which I would like to share with you. This rules will not only help traders to improve their trading performance but will certainly enhance your confidence in trading.

Most of my readers are trading in Nifty, hence I have developed another calculator with some added features, but original calculation will remain the same i.e. pivot levels or entry, target and stop loss levels will remain the same. And there is another calculator which can be used for trading in stocks (except currency). To explain the things in better way I have prepared small note which will be useful to understand and apply Gann levels.

So if you want to know more about it you can click here and help me and help yourself.

Does Market is topping out???

First my apology for such a long break, as due to some health issues I was not able to send weekly newsletters, I hope I may able to continue this activity in future. Purpose of writing today is just one email and few phone calls, yes. In the last week I received one email from one of my newsletter subscriber that “Sir, can I go short at these levels?”  Question was simple and straight, and if preferred I would have given answer in one word Yes or No, but I thought let me try to elaborate this answer with some points, and I know that this question is not only in senders mind but most of the traders must be thinking to find the answer. So I am making a small attempt to rationalize my answer, and its upto you whether to buy my idea or not.

I had an opportunity to speak to lot of market participants day in day out, few of them are extremely smart and couple of them are innocent and trades with irrational approach, and thats the reason why market is running, because if everybody starts thinking in same line then from where the equilibrium is going to come. So let me tell you what I hear from them “Sir, I shorted Nifty at 8300 levels can I rollover for next month”, “Boss, look at the PE of Nifty, it is trading near the highs and for sure market is going tocollapse, I am creating shorts, what max higher it can go, please tell me the level?”, there are few “Sir, didn’t get a chance to buy in market, can i buy at current levels, please suggest the stop loss”, “You know I was out of town (one of the excuse), so couldn’t create any longs, but now we’ll not miss the shorting opportunity” (now this guy may have capacity to stand in wrong direction of 100-300 points, but will book profit in just 50 or less than that, but have some emotional log to carry tops and bottoms) , and also there are few forecasters (who also forecast for day-hours-minutes), who are in just search of to call tops and bottoms, there are other who likes to remain contra every time and out of ten even if they go right 2-3 times they remain star of channel. Now after hearing so much diverse opinion few things comes in my mind – firstly, there is strong left out feeling in many retail and I also believe that there are few funds as well whose earlier call was that market is likely to collapse near 8000 levels, so by force this guys are going to work in the market, may be by compulsion or may be due to obsessions. Secondly, there are already few contra shorts seating in the market, earlier their stop loss was 8700 and now may be they must have shifted base to 9100 or 9200 (they believe that market will not go above that). And lastly few turned analyst will argue that market is in overbought territory. This are just psychological aspects which I discussed, there is no concrete aspects to support the idea, just biased notions, herd mentality or something else.

Now let’s check what charts are saying.nifty daily chart

Above is daily chart of Nifty, you can see that Nifty have given breakout from a consolidation almost after a month with rising volume.

nifty weekly chart

One may see on weekly chart, that trend is clearly defined and indicating further surge in weeks to come. So why to doubt at these juncture.

Similarly Bank Nifty weekly chart is poised with bullish bias, however on daily charts it is showing an early signs of exhaustion, but unless we get any confirmation, it is better to stay afloat.

NIFTY & VIX

Above is Nifty and India VIX chart, now one may see that VIX may continue to trade in lower territory and Nifty continue to rise, yes we might see some knee jerk reaction in between, but that is part and parcel of the game. It’s like this when market is in jubilant mode it can stay afloat in overbought territory for a long.

If we see FII’s data they are heavily long in Index futures and at the same time they are taking bullish bets through options, otherwise generally they keep some hedge with options. In the last week we observed that even DII’s are turning buyers in the market, in most of the cases they remain mean reverting player, whenever FII’s are buying they are selling, but this time it is not the case.

Okay, so with above all arguments one may derive few points.

1 – There is strong left out feeling in the market, and this crowd may take wrong position in hesitations.

2- Charts and data is clearly suggesting bullish bias.

3- If market go against this contra crowd then they will take markets further higher, who knows where market goes in short covering.

bears trap1

bear trap2

And like this strory continues…

So, to answer my friends query I would say that don’t try to preempt the markets, stay afloat with existing trend which is bullish. Don’t try to fall in trap with forecasting of tops, at max what you may miss is 100-200 points if at all top is placed or in offing. Can you create fresh long at this juncture, then answer is yes, but very subjective; if you are trader trading with just one lot then please trade with financial stop loss, and if you are positional trader with capacity of more lots than take just 25% of qty what you trade, average on dips with tight stop loss of 8500. As of now charts are suggesting to go short only below 8450-8500 levels…period.

Relaunching Option Ideas

Dear Friend,

Every other person visiting our site asks for details on Option Alpha and wish to subscribe for it. So friend, after taking a long sabbatical we are now prepared to restart our flagship product Option Ideas, which has received tremendous response since its inception.

So, if you wish to know more about Option Alpha then please find key features below and for full product details you can click here to download the product details-

  • Product designed of newbie’s and experienced traders.
  • Only Option Trading Strategies are recommended.
  • At one point in time we keep maximum 3 strategies open at the same time.
  • Clients will get strategy details/ entry / exit and Stop Loss through mails.
  • Generally we prefer to give minimum risk strategy in options, mostly close ended strategies.
  • Subscribed clients will get minimum 4 and maximum 6-7 Option Trading Strategies per month. Out of which we make sure that minimum 4 will be a successful a trade. (If not, than by default your subscription gets extended, till we complete our promise).
  • However, clients need to maintain minimum margin of 1 lac.
  • We will not accept subscription in between two expiry.
  • And lastly, at Way2Profits we believe in making money for clients and not just earning Subscription fees.

Above is just highlight of the product, you can find full details below

We are determined to start this product from 29th July, 2016 and likely to accept only few subscriptions, because we are sincere in our work and expect our clients to stay in tune with us.

To register for product you can click here.

 

Nifty Weekly Technical Outlook for 18 Jan’16

Bumpy road ahead???

Passed two weeks remained superficial for hardcore bears and nightmare for bulls and current global as well domestic scenario clearly indicates that going ahead road is going to remain bumpy only-no smooth ride. As markets continued to slide down and down and ultimately Sept’15 & Dec’15 swing lows are also taken out. Now how far can we go, as I already started hearing about 6300 and few of my bear friends also mentioned about sub 5500 levels, do you heard that? Anyway it is common phenomenon, whenever such erratic moves happen you’ll start listening some extreme views from extremist, whoever it is Bear or Bull. In such turbulent times let’s see whether we should go contra or join the hands in existing carnage

To read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter.

nifty weekly analysis 18 jan 2016

Nifty Weekly Technical Outlook for 04 Jan’16

2016 – Will you going to surprise us???

Markets always surprise us, don’t you think so? Up till 2013 nobody was sure where market is heading, and in March’14 Nifty gave breakout which was a like dream run for any hardcore bull, rally which continued for almost a year, and only ended in March’15 after clocking an all time high of 9119.20. In last 9 months from highs Nifty is down over 17%, but if we see couple of heavy weight stocks which are down significantly and trading near 52-week lows, so structurally there are lot of divergences. Rather delving into forecasting let’s see how objectively we can position our self in near future.

To read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter.

nifty weekly outlook 04 jan'16