Methodology
I use a statistical approach to select short entry / long entry, stop-loss and targets. That means I do not need to look at the charts for taking out levels –
plain excel sheet data will do. I use the chart only to shift these levels to suit the formation – either bearish or bullish. I also tweak the levels up or down a few points depending on latest geo-political and economic developments.
However this statistical approach has a limitation. Like any other statistical formulas, they work best when data is large. In our case the volumes have to be consistently large. That is why I prefer to work with BSE A group stocks. Sometimes I expands it to NSE 500 but anything beyond that will be difficult and the levels may not be accurate.
I also prefer to give short as well as long levels. Many of you may be wondering why I do not give directional calls. My logic is that the market and the ticker are supreme and it is always profitable to trade a break-out in whichever direction it occurs. It is futile trying to predict a direction as you may end up missing a big move in the opposite direction.
As you trade my levels you will appreciate this logic better. It may be worthwhile to look at weekly break-out direction while trading intra day and vice-versa since you will normally find that moves will not be sharp and big if the break-outs are in opposite directions. You will normally have big and quick gains when different time frames are indicating a trade in same direction – either short or long.
NAVIGATING THE WEBSITE
The website is broadly divided into three parts.
First part is meant for everyone - no registration required. This will give you an overview of who I am, what are my objectives and how I will go about to achieve them.
Second part needs subscription but that is entirely free. This will give you access to archive section which will be updated on regular basis. There will be a schedule for that and it will be adhered to. Schedule will be clearly defined for everyone to see.
The third part covers several paid services shown as different modules. You can subscribe individually or the full bouquet. The subscription rate and description of each module is shown on a separate page. I can assure you that you will rub your eyes when you will look at the rate for the full bouquet..