date /support / value of one momentum / trailing stop loss for next day
31/01 5103 - 28 = 5075
01/02 5128 - 21 = 5107
02/02 5163 - 23 = 5140
03/02 5196 - 22 = 5174
NOW TRAILING STOP LOSS FOR LONG TRADE IN NIFTY ON 6/2 WILL BE 5174 ,WHICH WE WILL GIVE ON 6TH FEB MORNING AND THEN WE WILL JUST SHIFT OUR STOP LOSS EVERY DAY MORNING AND WE WILL NOT OPEN TRADING WINDOW DURING THE DAY TILL STOP LOSS IS NOT TRIGGERED OR WE WILL CLOSE THE TRADE IF WE WILL GET PERFECT EXIT TRADE SET UP,WHEN WE WILL COME TO KNOW IT IS A PERFECT EXIT SET UP,THEN ON 3.25 WE CAN CLOSE OUR TRADE,BUT AFTER SUCH A LONG MOMENTUM NORMALLY WE ALWAYS WAIT FOR OUR STOP LOSS TO HIT
ENTRY SYSTEM
n 1st Feb pivot support was 5191,so we give buy trigger of 5191 once ,it was triggered, we were in the trade(HERE WE HAVE ENTERED IN THE TRADE APP ONE MONTH AFTER THE TRADE WAS OPENED)
what ever stop loss is moving on up side ,every day,we are locking that much profit in nifty
SO NOW ON MONDAY WE WILL LOCK 5174-5140=34X50=1700 Rs on one lot of nifty(we have considered nifty Feb future)