BNF HIGH LOW trading stratagy

[rh6996]

BNF trade ranges :
On 22 Dec 2014
EMA2 high : 18721
EMA2 Low : 18375

So for 23rd Dec 2014
Sell range :
18721+125 =18846
18721-70=18651
SELL if opens between : 18651 to 18846

Buy range
18375-100=18275
18375+60=18435
BUY if opens between : 18435 to 18275

No trade if market opens above : 18846 or below 18275

Not clear what to do if market opens between : 18435 and 18651
This the price zone above Max buying price and Least Selling Price!This seems to be no mans land ! Maybe we dont trade in this range too! Request SSP to kindly clarify. Please do it one more time even if already done !

 

[timepass]

BNF trade ranges :
So for 23rd Dec 2014

SELL if opens between : 18651 to 18846

BUY if opens between : 18435 to 18275

Not clear what to do if market opens between : 18435 and 18651
This the price zone above Max buying price and Least Selling Price!This seems to be no mans land ! Maybe we dont trade in this range too! Request SSP to kindly clarify. Please do it one more time even if already done !

I guess that is a no trade zone too.

 

[umeshmandal]

9:27 AM
BNF opened at 18815 !
Went short at 18830.
It did a low of 18771 after entry! Waiting for Tgt1!

 

[umeshmandal]

9:27 AM
BNF opened at 18815 !
Went short at 18830.
It did a low of 18771 after entry! Waiting for Tgt1!

SL at 18945 : Right?

 

[umeshmandal]

SL at 18945 : Right?

Holding short, keeping faith with 18946 as SL in place.
Almost panicked when BNF touched 18940 !
One thing to note here is that had I entered a few minutes earlier say right at open at 18815 , my SL would be 18930 and would have been hit !
Ofcourse not sure whether my SL will be defended or be hit but safe till now as BNF is at 18900 after making a high of 18940!

 

[rh6996]

BNF trade ranges :
On 22 Dec 2014
EMA2 high : 18721
EMA2 Low : 18375

So for 23rd Dec 2014
Sell range :
18721+125 =18846
18721-70=18651
SELL if opens between : 18651 to 18846

Buy range
18375-100=18275
18375+60=18435
BUY if opens between : 18435 to 18275

No trade if market opens above : 18846 or below 18275

Not clear what to do if market opens between : 18435 and 18651
This the price zone above Max buying price and Least Selling Price!This seems to be no mans land ! Maybe we dont trade in this range too! Request SSP to kindly clarify. Please do it one more time even if already done !

I entered almost at open, must have been within 15/20 seconds of open. My entry was a Short at 18790 ! My SL was hit at 18905 at around 9:45 !

 

[rh6996]

I entered almost at open, must have been within 15/20 seconds of open. My entry was a Short at 18790 ! My SL was hit at 18905 at around 9:45 !

Now tracking on paper : What if I shorted again at 18890 when BNF receded from a high of 18940 !
Seems good when considering RRR !

 

[bharathi2005]

GM friends i am sold @ 18770 and SL trigerd @ 18890. Thankyou

 

[ananths]

9:27 AM
BNF opened at 18815 !
Went short at 18830.
It did a low of 18771 after entry! Waiting for Tgt1!

I entered almost at open, must have been within 15/20 seconds of open. My entry was a Short at 18790 ! My SL was hit at 18905 at around 9:45 !

GM friends i am sold @ 18770 and SL trigerd @ 18890. Thankyou

What was the reason for short in BNF today?..it was trading above yesterday high...that itself was a strong signal of bullishness right? Just curious to know if you have any other thoughts. thanks!

 

[niftychartreader]

They were trying SSP strategy in toto, without any thinking :lol: