Day Trading Stocks & Futures

P

pratapvb

Well-Known Member
#12,588
#12,588
re: Day trading Nifty & Banknifty Futures

TraderRavi said:
booked profit too early :confused: , I thought NF will not go below -SD2
Click to expand...
in a trend -1SD to -2SD will be like a trend channel.....but in a strong trend the pb may not reach till -1SD also and may stop at the TF band and resume....these pullbacks push the -2SD level further down and then next move goes to new lows

so TF band / -1SD become re-entry pt with SL above it
 
P

pratapvb

Well-Known Member
#12,590
#12,590
re: Day trading Nifty & Banknifty Futures

pratapvb said:
in a trend -1SD to -2SD will be like a trend channel.....but in a strong trend the pb may not reach till -1SD also and may stop at the TF band and resume....these pullbacks push the -2SD level further down and then next move goes to new lows

so TF band / -1SD become re-entry pt with SL above it
Click to expand...
 
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