Hi all.....I am a silent follower of Mudra..But after seeing so many people strugling here without a proper trading system, loosing thier hard earned money by blindly following somebody, loosing heavily in options....I have decided to share a mechanical trading system which produced wonderful results for me ....I have developed this system for my own use and benefited from it...I named it as PTR Trading system.....Here I will not share the system, but I will update the PTR levels every day for nifty and banknifty...Plz watch the system and give me the feed back...
"To produce results, choose a method and believe in it and stay with it. By doing so, you may not capture the tops and the bottoms but money will keep flowing into your account and there will be smiles all around you"
Let us "get rich slowly, quietly and surely….."
P T R
PTR refers to Prashanth's Trend Reversal level. PTR indicates the possibility of a CHANGE IN THE DIRECTION of the market. PTR is a unique trading system unlike other SAR trading systems. If one trades Nifty/Bank Nifty using PTR, you may be in a position, be it LONG, SHORT. Presently NIFTY SPOT(NS) moved to BUY zone on 15th July 2014. Once NS moved ABOVE 7496, on 15th July, one could have taken LONG position, if it was a fresh entry. If holding SHORT position, you could have covered SHORT and gone LONG at PTR levels. Till PTR is hit again, you can continue to hold the position to derive maximum advantage. Some times you may feel like booking profits on your own. You may do it, but better not go against PTR. By exiting on your own, some times you may miss larger profits. You may be wondering what to do when PTR is hit intraday. To mitigate this problem, you may keep stop loss order at PTR. To illustrate for NS, as on 16th July Wednesday NS is in BUY zone. PTR for 17th July Thursday is, 7581. Suppose you are holding 50 LONG of NS, if NS is going BELOW this level, exit LONG and go SHORT. Means you have to SHORT 100 NS. Some times it may whipsaw. So keep stop loss for 100 NS at PTR S.L which is @ 7616. So even it whipsaws and moves to BUY zone again, your original BUY is intact.(NOTE: If PTR does not hit on a day(Till 3:15 p.m), but if NS is poised to CLOSE ABOVE or BELOW the level given in the column "PTR AFTER 3:15 P.M", then REVERSE your position accordingly, i.e if NS poised to close BELOW "PTR AFTER 3:15 P.M" level then go SHORT OR if NS poised to close ABOVE "PTR AFTER 3:15 P.M" level then go LONG. Please check the message everyday around 3:15 P.M to varify if there any change made to the value of "PTR AFTER3:15 P.M" during the market hours). Same methodology is used to follow PTR for BN. PTR for each indices updated daily before market opening. If you religiously follow this, you will never incur any loss. Isn't it incredible? Now another pitfall. On rare occasions, PTR is hit in gap up/gap down scenarios. To overcome this problem you can hedge with Out of Money options. Finally with PTR Trading System, one will become RICH - "SLOWLY, QUIETELY BUT SURELY".
(NOTE: It is advised to keep Rs 75,000 to Rs 1 Lac capital per Lot of NIFTY or BANKNIFTY to trade using PTR Trading System)
HERE ARE SOME IMP POINTS BEFORE ENTERING PTR TRADE:
1. IF YOU HAVE CAPITAL OF LESS THEN Rs 50000 DONT NOT GO FOR PTR TRADING SYSTEM (OR JUST TRADE IN MININIFTY.)
2. PLZ KEEP Rs 75000 - 100000 CAPITAL FOR 1 LOT OF NIFTY TO TRADE USING PTR.
3. IN GAP UP OR GAP DOWN OPENING ABOVE OR BELOW PTR, PLZ WAIT TILL 9:25 TO 9:30 TO TAKE THE POSITION.
4. PUT THE ALERT @ PTR LEVEL EVERY DAY AFTER 9:30, SO THAT IF PTR HITS WE WLL ENTER OR REVERSE THE TRADE WITHOUT ANY CONFUTION...SOME TIMES WATING WITH OUT PUTTING THE ALERT BECAUSE OF FEAR OR GREED TO ENTER THE TRADE WLL LEAD U TO MISS THE TRAIN....THAT TRADE COULD BE THE TRADE OF OUR LIFE TIME