Starting tomorrow, we would be having the first trades out on our new trading system- Scalper.
Scalper is based on the generous feedback so many of you have given us and is designed to give between 1-3 good trades to us everyday.
The initial launch will be a beta version only on the Nifty and the Crude Oil futures and I would encourage all of you to paper trade for a few days before putting money to work on the system.
The signals will be delivered only through sms/ twitter and would come with the key word “Scalper” to differentiate it from the regular order flow signals.
These can also be used to enter/ exit our regular orderflow signals as the system works on a slightly different method.
These signals are also different from the green pink smaller orderflow system though a combination of both can be an absolute guarantee to a successful trade.
The system works on a good entry level and like the OrderFlow is a SAR- stop and reverse system.
We saw a lot of similarities in the way the NF and Crude Oil futures behaved to market changes . the lot size is 100 in crude as opposed to 50 in NF but both seemed to move well and exhibited similar behavior. The short point is that both NF and crude are excellent day trading instruments, though a trader not familiar with the MCX may have to make a slight mental adjustment for the double lot size of 100 points in crude.
Every entry signal produced in NF will have a SL of 21 points and a SL of 24 points will be required in Crude.The initial targets in both signals will be the same 21 points and 24 respectively.
If another signal comes before the stop of 21 points is hit in NF then the trade needs to be reversed immediately.
The system works on Market profile and volume action, though it does not take into considertaion varipous levels used in the calculation of OrderFlow. I would explain the methodology in greater detail once we are fully on board with the remaining instruments.