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The Last Trade on Nifty Shorts - A DECMA2023 Strategy

Scheduled Pinned Locked Moved Charts
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  • Brijesh Bhatia Offline
    bbrijeshB Offline
    Brijesh Bhatia

    Pro User

    wrote on last edited by
    #1

    Gratitude to all the participants of DECMA2023 who are following my Heikin Ashi Strategy.

    My motto in developing trading strategies is to #KeepItSimple. I'm glad that some of the DECMA2023 participants are following my Heikin Ashi strategy and coming up with different time-frame ideas, we discussed them in detail.

    The Last Nifty Short Trade of 719 points

    The reason I'm writing this today is to highlight the last trade of over 700 points in Nifty Futures short.

    I have no shame in admitting that my discretionary style was unable to catch this fall, but discipline and confidence in the Heikin Ashi system helped me to profit from the recent decline. I watched the decline unfold without any short trades in my discretionary view. Yes, you read it right, not a single short trade in my discretionary view.

    Here is the trade as per the HeikinAshi System (refer chart below):

    • Went short on 18th October 2023 at 19,730 in October Futures.

    • The open position was rolled over to the November series at a premium of 100 points. Net Sell Price is 19,830.

    • The stop-loss triggered today at 19,111.

    This trade resulted in a profit of 719 points.

    NIFTY1!_2023-10-27_12-41-03_7ce37.png

    The Heikin Ashi strategy is a simple and effective way to trade. It is a disciplined approach that can help traders to avoid emotional trading and to make consistent profits.

    I want to emphasize the importance of discipline and confidence in trading. Even though I had no discretionary short trades in this case, I was able to profit from the decline because I had confidence in the Heikin Ashi system.

    If you have doubts about the Heikin Ashi strategy, feel free to connect.

    Regards,
    Brijesh Bhatia,
    Definedge Forum.

    P N 2 Replies Last reply
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  • S Offline
    S Offline
    Shashank Jain

    Pro User

    wrote on last edited by
    #2

    Interesting,
    Sir, where and how can we learn more on this strategy, Unfortunately I was not able to attend DECMA 2023.
    Please guide

    1 Reply Last reply
    0
  • P Offline
    P Offline
    Purav Choksi HUF
    wrote on last edited by
    #3

    Sir would this be Stop and Reverse, I mean today would we go long as there are no double wicks or wait for the follow through day. Thank you

    bbrijeshB 1 Reply Last reply
    1
  • K Offline
    K Offline
    Karmavir Mankad
    wrote on last edited by
    #4

    Interesting. Thanks for sharing. Do you suggest using any indicator (SuperTrend / MA) to reduce whip-saws during sideways phase ?

    1 Reply Last reply
    0
  • Brijesh Bhatia Offline
    bbrijeshB Offline
    Brijesh Bhatia

    Pro User

    replied to Purav Choksi HUF on last edited by
    #5

    @Purav Choksi HUF Yes it went long at 1:15pm.

    Regards,
    Brijesh Bhatia,
    Definedge Forum.

    1 Reply Last reply
    0
  • P Offline
    P Offline
    Pavan Talwani
    replied to Brijesh Bhatia on last edited by
    #6

    @Brijesh Bhatia Can you explain this strategy in brief as I did not attend DECMA 2023.

    bbrijeshB 1 Reply Last reply
    0
  • Y Offline
    Y Offline
    Yogesh Vinayak Joshi
    wrote on last edited by
    #7

    @Brijesh-Bhatia Sir! Can you explain the strategy? I wasn't a member of Definedge when DECMA 2023 happened.

    1 Reply Last reply
    0
  • N Offline
    N Offline
    Neha V
    replied to Brijesh Bhatia on last edited by neha neha-1690898594370
    #8

    @Brijesh Bhatia too good, looks like a great setup, have done some backtesting on it after DECMA,, thanks for sharing your knowledge, this last one was a great trade and I have been observing your trailing SL method, it looks good on all momentum strategies. thank u once again.
    For me, this was the best takeaway from the whole event.

    bbrijeshB 1 Reply Last reply
    0
  • Brijesh Bhatia Offline
    bbrijeshB Offline
    Brijesh Bhatia

    Pro User

    replied to Neha V on last edited by
    #9

    @Neha V Good to know Neha.

    Regards,
    Brijesh Bhatia,
    Definedge Forum.

    1 Reply Last reply
    0
  • Brijesh Bhatia Offline
    bbrijeshB Offline
    Brijesh Bhatia

    Pro User

    replied to Pavan Talwani on last edited by
    #10

    @Pavan Talwani Will check with Definedge Team and update.

    Regards,
    Brijesh Bhatia,
    Definedge Forum.

    1 Reply Last reply
    0
  • Y Offline
    Y Offline
    Yogender Panwar

    Pro User

    wrote on last edited by
    #11

    @Brijesh-Bhatia Sir Are you following previous 3 candles highest high or lowest low as stop loss or just trailing till reversal ?

    1 Reply Last reply
    0
  • Y Offline
    Y Offline
    Yogesh Vinayak Joshi
    wrote on last edited by
    #12

    @Brijesh-Bhatia Sir! What if you get a reversal signal in the 3:15 to 3:30 candle? You go long or short as per the signal right at the opening?

    1 Reply Last reply
    0


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