dear kt100/trade jack,
as far as my system of trading nifty on end of day basis is concerned i just concentrate on six things
ONE:END OF DAY SUPPORT
TWO:END OF DAY RESISTANCE
THREE:END OF DAY SUPPORT CUM RESISTANCE PIVOT POINT
FOUR:END OF DAY TRAILING STOP LOSS
FIVE:SPEED OF THE MOMENTUM(ACCURATE SPEED OF MOMENTUM OF LAST TRADING DAY ,WHOSE END OF DAY BAR IS CLOSED)
SIXTH:AND FOR SECOND VIEW(to know how small investor are going to handle nifty)
EITHER OF THE TWO INDICATORS
EITHER RSI OR KST(KNOW SURE THING) AND SOME TIME BOTH
to be continued for trailing stop loss of nifty from first feb on ward on day to day basis
as far as my system of trading nifty on end of day basis is concerned i just concentrate on six things
ONE:END OF DAY SUPPORT
TWO:END OF DAY RESISTANCE
THREE:END OF DAY SUPPORT CUM RESISTANCE PIVOT POINT
FOUR:END OF DAY TRAILING STOP LOSS
FIVE:SPEED OF THE MOMENTUM(ACCURATE SPEED OF MOMENTUM OF LAST TRADING DAY ,WHOSE END OF DAY BAR IS CLOSED)
SIXTH:AND FOR SECOND VIEW(to know how small investor are going to handle nifty)
EITHER OF THE TWO INDICATORS
EITHER RSI OR KST(KNOW SURE THING) AND SOME TIME BOTH
to be continued for trailing stop loss of nifty from first feb on ward on day to day basis
How do you calculate step 5 i.e. Speed of the mometum. And how do you use RSI & KST in your strategy?
thanks & rgds,
Deepak