Day Trading Futures

[pratapvb]

BNF

 

[DIVYEDIX]

good axis +14 already target 1399 karega kya

offff 50 % booked +10 & tsl hit at cost for rest

 

[nirav_j]

Whats CRB ?

 

[a1b1trader]

Renko Chart!!!!!!!

 

[pratapvb]

Whats CRB ?

Renko Chart!!!!!!!

oh sorry I posted Constant Range Bar chart

not exactly renko as these can have overlapping bars

here a new bar is opened when the range of the bar becomes specified limit (here 13) and then both high / low as per price....but moment range = 13, bar closed and new bar starts and so forth

so each bar has open = close of prev bar and close of a bar is either at the high or low of that bar (as bar is closed when range limit is reaced)

I use 13 for bnf as ATR of bnf 3min is around 13

P.S. Amibroker creates CRB charts if you have tick data....as I had only 1min base data, I wrote AFL to simulate CRBs from 1min with some assumptions

 

[Tlahuicole]

Done for the day with one loss trade of 1R

 

[Tlahuicole]

Hi STbro/Hembhai,

How you would have handled BNF today? anytrades?

I took short below 12:20 PL, is this a wrong move for a system that trades on pivot breaks?

Please reply whenever you get time

 

[vssoma]

offff 50 % booked +10 & tsl hit at cost for rest

i think, we can take short for thiss weekend to book some quick profits on monday...what do u say...

 

[DIVYEDIX]

Hi STbro/Hembhai,

How you would have handled BNF today? anytrades?

I took short below 12:20 PL, is this a wrong move for a system that trades on pivot breaks?

Please reply whenever you get time

It was right move but after hitting the sl you should have reversed the trade,

my 2 cents but I don't trade this monster

 

[DIVYEDIX]

i think, we can take short for thiss weekend to book some quick profits on monday...what do u say...

depends on closing price, better watch last 15 minutes, but yes majority thinking is it should open down.