Super Trend Intraday Trading Strategy for Commodity Day Trading
Summary
TLDRIn this informative video, Indrajit Pukharji from stockmaniacs.net introduces a trading strategy utilizing the 200-period moving average in intraday charts, combined with the Super Trend indicator. He demonstrates how to identify bullish or bearish stocks and commodities like crude oil and gold, explaining the setup and entry/exit rules. The strategy aims to filter out false signals and maximize profits in trending markets, with examples provided for clarity. Viewers are encouraged to subscribe for upcoming live trading sessions.
Takeaways
- 📈 The video teaches how to use the 200-period moving average to identify stock trends and determine if they are bullish or bearish.
- 📊 The presenter introduces a new technique for using the 200-period moving average in intraday trading, alongside the Super Trend indicator.
- 🤑 The method is applicable to commodities, equities, and futures, with the potential to generate significant profits.
- 👋 The presenter, Indrajit Pukharji, offers introductions and contact information for further queries and subscription to his channel.
- 💻 It's assumed that viewers have a trading terminal ready, with a recommendation to use Zerodha's Kite platform for those who don't.
- 📊 The script provides a detailed guide on setting up the 200-period exponential moving average on a trading chart.
- 📉 The importance of aligning multiple moving averages (50, 100, and 200 periods) to determine the market trend is emphasized.
- 🚫 The video warns against trading when moving averages are not aligned, as it may indicate a whipsaw or false signal.
- 📌 Entry and exit points for trades are determined by the Super Trend indicator, contingent upon the alignment of moving averages.
- 💡 The script illustrates how to filter out false signals using the combination of moving averages and the Super Trend indicator.
- 📝 Stop loss and target settings are recommended based on the Super Trend indicator, suggesting a smaller stop loss and a larger target for better risk-reward ratios.
Q & A
What is the main focus of the video script?
-The video script focuses on teaching viewers how to use the 200-period moving average, particularly the exponential version, in conjunction with the super trend indicator for trading in the intraday market, specifically for commodities, equities, and futures.
Who is the presenter of the video?
-The presenter of the video is Indrajit Pukharji from stockmaniacs.net.
What is the significance of the 200-period moving average in the video?
-The 200-period moving average is used as a key technical indicator to identify the trend direction of a stock or commodity. In the video, it is used in the intraday charts with exponential calculation instead of the simple moving average used in daily charts.
What other moving averages are used alongside the 200-period moving average in the trading system presented?
-Along with the 200-period moving average, the trading system also uses 100-period and 50-period exponential moving averages to confirm the trend direction.
How does the super trend indicator work in the context of this trading system?
-The super trend indicator is used to generate entry and exit signals for trades. It is used in conjunction with the alignment of the moving averages to confirm the validity of a trading signal.
What is the recommended time frame for applying this trading system?
-The trading system is demonstrated using a five-minute chart, but it is also mentioned that it works well on a 15-minute time frame.
How can viewers get the trading terminal mentioned in the video?
-Viewers can get the trading terminal, which is referred to as 'Zero the Kite', through a link provided in the video description.
What is the strategy for determining entry and exit points in the trading system?
-Entry and exit points are determined based on the alignment of the moving averages and signals from the super trend indicator. For a buy position, the 50-period MA should be above the 100-period MA, which in turn should be above the 200-period MA. For a short sale, the opposite is required, with all moving averages aligned on the downside.
How are stop losses and targets set in this trading system?
-Stop losses are set based on the high or low of the super trend indicator, depending on whether a short sale or a buy signal is made. Targets are typically double the amount of the stop loss.
What commodities and indices are suggested for using this trading system?
-The video suggests using this trading system for major commodities like gold and crude oil, as well as indices such as Nifty and Bank Nifty.
What is the next video release about and when is it scheduled?
-The next video will be about live trading on the expiry day in Nifty options and it is scheduled for release on the following Tuesday at 5:30 PM.
Outlines
📊 Introduction to 200-Day Moving Average in Intraday Trading
The speaker, Indrajit Pukharji from stockmaniacs.net, introduces the concept of using the 200-day moving average for intraday trading, along with the super trend indicator. He explains that this technique can be applied to commodities, equities, and futures to identify profitable trading opportunities. The video is aimed at helping viewers grow their wealth in the stock and commodity markets. The speaker invites viewers to subscribe, turn on notifications, and reach out via WhatsApp for stock market queries. He also provides a link to the trading terminal 'Zerodha Kite' for those who do not have one.
📈 Setting Up the Trading System with Moving Averages and Super Trend
The speaker demonstrates how to set up a trading system using the 200-period exponential moving average (EMA), along with 100 and 50-period EMAs, and a super trend indicator on a five-minute chart. He emphasizes the importance of having all moving averages aligned to indicate the market trend. The speaker outlines the entry and exit rules based on the super trend indicator and the alignment of the moving averages, providing examples of valid and invalid trade signals to avoid whipsaws.
🚀 Profiting from the Trading System with Stop Loss and Target Strategies
The speaker illustrates how to maximize profits using the trading system by setting stop losses and targets based on the super trend indicator. He explains that the stop loss should be placed at the high or low of the super trend, depending on the trade direction, and the target should be double the stop loss. The speaker provides examples of profitable trades in commodities like crude oil and gold, as well as in indices like Bank Nifty, highlighting the system's effectiveness in filtering out false signals and capturing large profits in trending markets.
📅 Upcoming Live Trading Session and Conclusion
The speaker announces an upcoming live trading session on the next Tuesday at 5:30 PM, where he will demonstrate trading on the expiry day in Nifty options. He encourages viewers to subscribe to his channel and be present for the live session. The speaker concludes the webinar by inviting viewers to like, share, and comment on the video with any queries, promising to respond promptly. He thanks the audience for watching and expresses his hope that they found the information beneficial.
Mindmap
Keywords
💡200-day moving average
💡Trend
💡Intraday
💡Super Trend
💡Exponential Moving Average (EMA)
💡Stop Loss
💡Target
💡Whipsaw
💡Risk-Reward Ratio
💡Nifty and Bank Nifty
💡Live Trading
Highlights
Introduction of using the 200-day moving average to identify stock trends.
Announcement of a new video on applying the 200 moving average in intraday trading.
Indrajit Pukharji introduces himself and his website, stockmaniacs.net.
Instructions on subscribing for wealth growth in stock and commodity markets.
Mention of a trading terminal setup and a link to Zerodha Kite in the video description.
Explanation of trading using the 200 period moving average on a five-minute chart.
Differentiation between using a simple moving average on daily charts and an exponential moving average for intraday.
Demonstration of setting up the 200 period exponential moving average on a chart.
Use of additional moving averages (100 and 50 periods) alongside the 200 period for trend analysis.
Introduction of the Super Trend indicator for entry and exit points in trading.
Criteria for a valid buy position based on the alignment of moving averages and Super Trend signals.
Strategy for short selling when moving averages are aligned on the downside and Super Trend signals are received.
Illustration of filtering out false signals and capturing profits in strong trends.
Method for setting stop loss and target based on Super Trend levels.
Application of the trading system to various commodities like gold and indices like Bank Nifty.
Emphasis on the effectiveness of the system with smaller stop losses and bigger targets for long-term profits.
Upcoming live trading session announcement for the next video release.
Invitation for viewers to share their observations and queries in the comments.
Closing remarks and thanks for watching the webinar.
Transcripts
so hello my dear friends
in my last video i have shown you how
you can use the 200-day moving average
and you can identify the trend
in just few minutes you can identify
which stock is bullish or which stock is
bearish
and in the last video itself i have told
you that i am going to release a new
video
and this video will use the technique of
200 moving average in the intraday
so in this video i am going to show you
how you can use the 200 period moving
average
along with super trend and you can find
very nice commodities to trade you can
trade this technique using the
commodities and you can use this in
intraday
and you can see that you can generate
huge amount of profits from the
commodity markets
and why only commodities even this works
in equities and futures
so i will show you how you can use the
200 period moving average even in
intraday and you can find serious
profits using the super trend indicator
but before that let me give you a short
intro of mine
hello friends i am indrajit pukharji
from stockmaniacs.net
if you want to grow your wealth from the
stock and commodity markets
hit the subscribe button
and hit the bell notification icon
you can also send me your stock market
related queries through whatsapp in my
number plus nine one nine six seven four
three two one eight five six
so friends
i believe that you are already having a
trading terminal in front of you if you
do not have
you can get through the kite in just few
clicks i'll give you the link of the
zero the kite in my video description so
from there you can get zero the kite so
now let's go to the zeruda kite chart
where i explain how you can trade using
the 200 period moving average even on
intraday and using a simple setting of
super trend so friends this is
the zero the kite chart this is crude
oil march future and this is five
minutes chart
so this system works well on five
minutes as well as on 15 minutes so i'll
show you the examples on five minutes
time frame
so as i have told you we will add the
200 period moving average
so here instead of 200 period simple
moving average in my last video we have
used the 200 day simple moving average
on the daily charts but here instead of
200 period simple moving average we will
use the 200 period exponential moving
average so let me show you the setup
so we will go to the studies section in
the studies section we will go to the
moving average
so here is the moving average
we will add a 200 period moving average
so 200
field will be closed and type will be
exponential
so friends let us color it
we will color it as
pink
click on done
so this is your 200 period moving
average
now my dear friends if you just unzoom
the chart
you can see
you can identify the trend very well you
can see here the price has actually
crossed below the 200 period moving
average
200 period exponential moving average
here it tried to test the exponential
moving average once again it has failed
once again it came back
tested came back tested
came back tested and then there was a
huge fall
now we will use it in a trading system
we will create a trading system from
this kind of things and we will use two
other moving averages as well as we will
use a super trend
so let us add
the two other moving averages
so click on moving average
add a hundred period moving average
similarly field is closed and type is
exponential
and we will also color it
we will color it as blue
click on done
so you can see your 100 period and 200
period moving average is set on the
charts
now my dear friends will add another
moving average
go to studies section
same moving average
and take a 50 period
exponential moving average
and
let us color it as green
click on done so my dear friends you can
see your moving average combination is
set
so the moving average combination you
can see all the
moving averages are going in line in the
same line here actually all the moving
averages crossed each other so 50 period
moving average is below the 100 period
moving average and 100 period moving
average is below the 200 period moving
average so we can say that the trend is
down
so here actually the trend became down
now how we will enter
this is the simple setup now we will
enter and exit based on a super trend
indicator
so go to the studies section
add a super trend indicator
go to super trend
here is the super trend
add the super trend indicator
so my dear friends now you can see there
are four indicators on the chart
there are three moving averages and one
super trend now how we will
enter or exit
we will enter or exit based on the super
trend
let us zoom the chart
the first rule
all the moving averages should be in
line
that means for a buy position
the 50 period moving average should be
above the 100 period moving average
and the 100 period moving average should
be above the 200 period moving average
so that is as per the buy position
and we will enter on the basis of super
trend
we will enter whenever a buy comes in
the super trend chart and the price
close should be above the moving
averages and
the
moving averages should be also
all in line
suppose the 100 period moving average is
above the 200 period moving average but
the 50 period moving average is below
the 100 period moving average so in that
case the moving averages are suggesting
a whipsaw so in that case you need to
avoid trading
and for the short sale
for the short sale all the moving
averages should be in line on the
downside
so 50 period moving average should be
below 100 period moving average and 100
period moving average should be below
200 period moving average
now the close should also be below the
moving averages
price close should be below all the
moving averages and you should get a
short sell signal in super trend
so here you got the short sell signal so
you can see after that you have got a
decent fall
so here around
three four three five level you have got
a short sell signal and from there
it has made low two three three six zero
so at least two three three six zero so
we have got a
75 points rally
once again here you can see
all the moving averages are in line
price is below all the moving averages
and you have got a sell signal in super
trend
so here you need to short and here you
have got a signal around 3360 level
so from there you have seen
the price
has moved down to three to three zero so
you have got around 130 points rally
on your favor
once again you have got a short sell
signal
so you can see you can sell here around
three two one two from there the market
has made a low to three one four two
so three one four two three one four
zero level
so you have got a 70 points rally once
again here
and you can see
if you follow this technique super trend
has given many whip sauce in between
you have got a whip saw here
you have got a fix saw here you have got
another whip so here
but all these whipsaws are actually
filtered out so if you trade just only
on the basis of super trend
you will buy here sell here he will once
again buy here sell here he will once
again buy here he will sell here but if
we follow only the strategy we will sell
here
this is the loser
we will sell here this is the winner we
will sell here this is the winner we
will sell here this is once again a
winner
if we go back to the previous chart
you can see
here actually the short has not
triggered because price
is not below all the moving averages now
we will see a buy example
let us go back you can see here
this is not a buy signal because
though you have got a signal on super
trend but price is still below the
moving averages
here actually we have got a super trend
signal but you can see
the moving averages are not in line
so the 50 period moving average was not
above the 200 period moving average or
the 100 period moving average
so you have got a secured buy signal
here
this sale is not valid because price
is above all the moving averages and
moving averages are on the upwards
direction
so you need to avoid this cell signal
once again you can got a buy signal here
and this buy signal is a valid buy
signal because you can see all the
moving averages are in line you have got
a buy signal on super trade
so just you can buy here and you can see
you have got a signal around three four
line zero level and
you have got a rally up to
three five seven five
so three four nine five two three five
seven five so 80 points rally you have
got
so you understood how you can sell or
buy
suppose here this is once again your
sell signal because you can see moving
averages are all in line and you have
got a sell signal on super trend so you
have got a short sale signal around
three to nine five level and from there
you have got a fall till three two zero
seven or three two zero five so you have
got a 90 points fall
so my dear friends you have seen that
this system is quite powerful it
actually filters out many false signals
and whenever in strong trend it will
give you large amount of profits now
where to keep stop loss or where to keep
targets
so the stop loss is very simple
you need to just follow the super trend
stop loss
suppose i'll show you suppose here if
you are short selling
the super trend high will be your stop
loss so simple if you are short selling
over here 3 2 6 0 level the super trend
high
suppose
three three eight four or eight five so
25 points is your stop loss
and you can actually take a target
of double double of your stop loss
so you can go for a 50 points target and
a 25 point stop loss
once again
if you short sell over here
this super trend top will be your stop
loss
and you can keep a target of double of
that
so
you can simple go with the stop loss and
target
if you have short sales here
you need to keep a stop loss over here
because this is your super trade top
and you need to
take a target double up this stop loss
so you can see here the target has been
made here also the target has been met
and here you can either carry forward
for the next day because i do not find
that the target has been made because
here the stop loss was quite high so the
target double of the stop loss has not
been met so either you can carry forward
for next day or you can exit
at the end of day
so you can trade like this
similar like buy signals
so i'll show you here
let us go to a valid buy signal this is
a valid buy signal so you know to keep a
stop loss over here because that is your
super trend bottom
so you need to
keep the stop loss in the super trade
bottom and you need to keep
two times target of your stop loss so
if this amount is your stop loss from
here to here
the closing price is here and this is
the stop loss so this is your stop loss
so target will be double of this so you
can see double of stop loss this target
has been achieved so this system is
pretty powerful
and if you can follow this system
you can achieve profits over long term
now my dear friends as you can see you
are keeping a smaller stop loss and the
bigger target
you can
achieve a good amount of wealth over the
time
so your risk is less and your reward is
more
so this is the system how it works on
the commodity markets we have shown the
crude oil example
now i will go to gold mini
so same five minutes time frame chart
you can see you have got a buy signal
over here
so your stop loss is here
because that is the super trend bottom
here is the buy signal this is the stop
loss and target is double of the stop
loss you can see well it has achieved
so this is the power of this system
this system will work on all major
commodities major commodities means i'll
suggest you to trade
gold and crude oil with this strategy
you can trade nifty or bank nifty also
with this strategy
so go to bank nifty
valid sell signal
stop loss
target is double of the stop loss
achieved
valid cell signal
stop loss
target is double of that achieved
so this way this system works
this was a stop-loss hit situation you
can also see this
valid cell signal but this signal has
not performed that well
but as you are trading with a smaller
stop loss and bigger targets so these
small losses will be taken care by the
bigger targets
so this system works on all major
indices
all major stocks and
all major commodities and i'll suggest
to trade
crude oil and gold with this you can
also test your own settings of moving
averages or super trend and you can send
me your observations through the
comments in this video so friends i have
shown you how you can use the 200 period
moving average even on the intraday
charts
and you have also seen how you can use a
combination of moving averages along
with super trend to make a deadly
trading system
this system can pull out profits from
the commodity markets as well as from
the equity and futures market
so in my next video i am going to
release the next video on next tuesday
sharp at 5 30 pm
so make sure you be there because there
i am going to show you live trading
yes my dear friends live trading on the
expiry day in nifty options
so make sure that you subscribe to my
channel and be there on my next video
that will be live in the air on next
tuesday at 5 30 pm so friends i have
completed today's webinar
if you like today's video please do not
forget to hit the like button please
also do not forget to share it with your
friends because if you share it someone
else can also be benefited if you have
any queries just ask me in the comments
i'll try to answer you as early as
possible friends thanks a lot for
watching this webinar till the end
bye
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