Saturday, March 15, 2014

NSK MAGIC SYSTEM- A GOOD WAY TO TRADE NIFTY POSITIOANALLY


NSK MAGIC SYSTEM:- This System is Presented by Nitin Kadam (JN Blogmate) . So all Credits to the COMPILER. We at TraderAdda just sharing the system for Readers interest.

This SYSTEM is Designed for Specially for Positional Trading and mainly tested on NIFTY. You can test and TWEAK it for other Stocks as per your CHOICE and EXPERIENCES.

Below is the COMPLETE TRADING PLAN for this POSITIONAL TRADING SYSTEM:-

What You NEED?-

  • High and Low Data of everyday for the SCRIP.
  • MARK Highest HIGH of THREE DAYS and LOWEST LOW of THREE DAYS.

RULESE OF NSK POSITIONAL TRADING

SYSTEM FOR NIFTY:-

ENTRY in TRADE:-

  • BUY above THREE days HIGHEST HIGH
  • SELL Below THREE days LOWEST LOW
  • STOP of 0.5% of ENTRY PRICE.

PROFIT Booking and EXIT PLAN:-

         FOR LONGS:-

  • If PDL(previous day LOW) is broken book Partial profit.
  • If PDL (previous day LOW) is broken for the SECOND TIME after ENTRY then BOOK  PARTIAL PROFIT.
  • and IF BREAKS PDL third time after entry then EXIT the TRADE COMPLETELY.

        FOR SHORTS:-

  • If PDH (Previous Day HIGH) is broken book Partial profit.
  • If PDH (Previous Day HIGH) is broken for the SECOND TIME after ENTRY book Partial profit.
  • and IF BREAKS PDH third time after entry then EXIT the TRADE COMPLETELY.

ONE NOTE:- One Can BOOK PART PROFITS if you get very HANDSOME PROFITS due to GAP OPENING.

EXAMPLE OF NSK SYSTEM:- (Illustrated By

NITIN)

image

TraderAdda’s 2 CENTS:-

We have observed that for Individual Scrips other than INDEX this SYSTEM needs to be TWEAKED to Trade POSITIONALLY COZ this 0.5% STOP is not sufficient for SOME STOCKS which are more volatile like TATASTEEL, SESAGOA, TATAMOTORS etc. So before using for any SCRIP or index make through Backtest.


For Further Reading,
Nifty Trading System, Positional Trading System, Trading Systems and Setup

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