One more for ST,
friday trending day. It again gave 15-20 points. But missed out on the real move in the morning. The first opportunity was at 8370 but nifty started the day at 8275.
Thanks waiting for your comments
If the market opens gap up/down, daytrader cannot do anything about it. We have to catch the moves which the market gives during the day.
The market before Friday (2-1-2015) was not trending strongly. It was weak uptrend. On Friday it opened with a gap and the market built on its strength. This is where we look to use 2 bars method and first opportunity came above 9:45 high ( 5 min bars ...at 8425 level in Jan futures) and depending on how we manage this trade, this trade gave good move of 35-40 points)
Use this entry only on days when market is trending strongly. Dont use it everyday .
You continue trading with whatever method you trade, but this method could be an additional tool in a strong market. This is by no means meant to be a stand alone trading system.
Smart_trade
friday trending day. It again gave 15-20 points. But missed out on the real move in the morning. The first opportunity was at 8370 but nifty started the day at 8275.
Thanks waiting for your comments
If the market opens gap up/down, daytrader cannot do anything about it. We have to catch the moves which the market gives during the day.
The market before Friday (2-1-2015) was not trending strongly. It was weak uptrend. On Friday it opened with a gap and the market built on its strength. This is where we look to use 2 bars method and first opportunity came above 9:45 high ( 5 min bars ...at 8425 level in Jan futures) and depending on how we manage this trade, this trade gave good move of 35-40 points)
Use this entry only on days when market is trending strongly. Dont use it everyday .
You continue trading with whatever method you trade, but this method could be an additional tool in a strong market. This is by no means meant to be a stand alone trading system.
Smart_trade
