Nifty Futures Trading

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

No my data is same, i just cud not post, Yes, the sl is triggered, i am now short at 4930.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Sl for short is now : 4938.80 and also to go long

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

At 11:25, I got a low of 4933, which closed inside. Hence I put stop and reversal at 4930.8. at 11:20 bar closed above upper bar. But you have not changed sl. Is your data different?

I had actually changed my SL to cost when price went up by 10 points from the trigger level of 4928..i.e. when price touched 4938, to safe guard mycapital i changed sl to cost. As per rkkarnani, in intraday it is prudent to be safe than sorry: prudent to earn less than loose anything at all!!! So i always try to bring the sl to cost asap.
Please do understand its not actually possibleto post always, i do try my best but still....
Thanks for pointing out the errors, these will help me to get better!!!
Regards
Gautam

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

As none of the bars have closed below the lower band after the level of going long was determined (but long not triggered), we still maintain that as our SL and going long level!!

 

[summasumma]

Re: Time to Stick my Neck Out ,Nifty 7300

hello gkpc,
i am new here...
is the levels mentioned by you are in SPOT or Fut?

Thanks,

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

SL and reversal shall be high plus filter of the 12.20 bar or previous SL which ever is higher

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

hello gkpc,
i am new here...
is the levels mentioned by you are in SPOT or Fut?

Thanks,

Nifty futures for May derivatives

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

No bar since 11.30 bar has closed below the lower band

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Short exited and long trigger at 4038.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

shall exit two lots at 4050.80