1. I joined MUDRAA on the lucky day of 16 March 2012. Since then I have learned a lot from various posts. Mainly it has inspired me to put on my thinking cap and make many experiments. As my gratitude to MUDRAA , I too want to pay back to MUDRAA members whom I find so keen watchers. Here I am giving one of the suucessful , yet simple metod which I have invented/discovered.It is almost 95% accurate.it has been back tested by me ONLY FOR INTRADAY NIFTY FUTURES.
2. INTRODUCTION. Over the years it is seen that Nifty Future trend changes at very small intervals.Lately it has been changing within 2-3 days or even within a day. To harness such uncertainties I was successful in inventing /discovering a metod which I present to you all.
3.METHOD. This is named by me as 2-3 AVERAGE METHOD which is as folllows .......
a) Take simple average of last 2 days closing price ....................... Call it average 2.
b) Similarly take average of last 3 days closing price ................... Call it average 3
c) Now take average of average 2 and average 3 ....................... Call it as FINAL AVERAGE.( Till today's close)
d) Mark the Final average value of preceding trading day ........... Cal it OPERATING PRICE FOR NEXT TRADING DAY.
e) If ,on next trading day, NIFTY FUTURE opens above operating price BUY , and vice versa.
f) Ignore even if there is large gap in operating price and next day's opening price. You will be amazed that sometimes it shows gap of more than 100 points, but follow the principle of buying and selling enunciated in para 2(e) above.
g) STOP LOSS IS THE OPERATIG PRICE AND PRROFIT BOOKING DEPENDS ON YOUR OWN REASONABLE APPETITE.
3. Eventhough I have tried to explain my system in as simple manner as possible, doubts are inevitable.You are welcome to seek clarication on anything that you may not have not understood.Only constructive comments aimed at improving the system are welcome.
4. As always first do paper trading and if satisfied, YOU MAY TRADE, BUT PURELY AT YOUR OWN RISK, LIKE THE PROFIT GAINED BY TRADING WITH THIS SYSTEM IS ENTIRELY YOURS,SIMILARLY THE LOSS TOO IS ENTIRELY YOUR PROPERY, I SHALL IN NO WAY BE RESPONSIBLE.