Hello Dear,
First understand before commenting. Read my all threads from beginning if you have some patience and willingness to understand others.
I have mentioned already that we are following the trend and we are always in the market, either long or short.
Now if my stoploss triggers( its not trigger I watch it for 10 minutes at least to stay above my level) I reverse my position. During that day in first case it did not stay up for much time.
Even if the stoploss would have been triggered I would have taken reversed my position, and if after some time Nifty goes below my level I would have reversed it again so by the end of day I am short only.
I hope the concept is more clear now.
niftytrading,
Something just does not add up, my friend. Your stop losses are triggered, plain and simple.
What is this 10 min stuff? Do you mean, you plot a 10 min candle and wait for it to close above your SL?
After you revised your stop loss to 7570, niftynewsnation posted following.
Although there was a small typo in his post (7604.8 was 14 Jan High), but your SL was hit.
What is the basis of your stoploss. Is it based on closing or intraday. And it is based on Nifty spot as per post 1. BTW for your information, high made by NS on 15.1.16 was 7604.8. And as per your last post, your stoploss was 7595. Rest you can understand yourself.
Then, again on 20 Jan (7470 High), your stop loss of 7445 (mentioned by you on 19 Jan) was taken out. 7470 is good 25 points above the 7445.
I am perfectly OK with you not revealing the logic behind your calculations. But not revealing the execution methodology disables anyone else from following you.
What kind of logic do you follow to not have the stop loss trigger? Be very interesting to learn ...
