Hi Dinesh,
1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.
2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-
3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.
4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-
The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.
Kartik ji
1 or 2 points on above,
1. you entered on circle 2 - sell around 395, buy back around 393.2 appx, but for making Rs. 1000/- we have to purchase 500 shares(too costly), which pls clarify.
2. You entered on circle 4 short around 394, but why did you mark 5 & 6 than.
i think i am missing some thing, hope you clarify
anil negi
1). The first trading oppertunity (15min) candle touch the ATP and closed above the ATP which indicates buy and we place buy order on the High price of the candle with stop loss of Low price of the candle. We didnt had the trading oppertunity. But the next 15 min candle again touches the ARP and closes above the ATP indicating buy. But we dont enter as the high price is not higher than the previous ATP candle high. This is just a precaution to avoid whipsaw and unnecessary stop loss hit.
2). The second oppertunity circled by (2) closed below ATP and we go short by placing sell order on the low price of the candle and we meet our traget of Rs.1000/-
3). The third oppertunity circled by (3) closed above ATP but subsequent candles or price didnt touch the high of the candle hence no trading oppertunity. Remember the point explained in point 1 with refernce to the next candle touching the ATP and closing above the ATP but we didnt initiate the trade.
4). The fourth oppertunity circled by (4) closed below ATP and we are in trade and circle 5 & 6 closed above and below but we dont initiate trade as we are already in trade and the rest of the candle closes below ATP and we get Rs.1000/-
The Rs.1000/- gain is minimum as i said earlier and it can be reduced or increased according to the individual risk taking appetite.
Kartik ji
1 or 2 points on above,
1. you entered on circle 2 - sell around 395, buy back around 393.2 appx, but for making Rs. 1000/- we have to purchase 500 shares(too costly), which pls clarify.
2. You entered on circle 4 short around 394, but why did you mark 5 & 6 than.
i think i am missing some thing, hope you clarify
anil negi