Thanks for your quick reply...
First of all what should be our filter(can we take 10 points??).. and also if 5969.15+10 points is breached today and we are in Long trade...Shall we have to close the trade today itself or can carry the long for tomorrow
Just see what happened today :
Nifty Futures : Previous 20 days low was at 5969.15 , today mkt opened at 5969.80 went down to 5964.25 and closed at 5973.25 after doing a high of 5976.90 and all this happened in the first 5 minutes bar !
Thereafter it went upto 5986.35 and went down to 5965.60
No views on filter, but 10 seems too big if we are to exit the same day.
TS or TS+1 have not been advised as Day trading set up but from the very start when SKS first initiated discussions we are much inclined to exit intraday.
As per what I read about this set up, this was to take advantage of a failed breakout/breakdown, and hence should be done as positional as per original rules.
But if we get decent profits intraday.... why not!! so be it !