Scalping and more in Nifty Futures

[rh6996]

Today's trades :
Gained 43 points in trade 1 !
Then : Loss 6 + Loss 12 + Loss 10 (Levels already mentioned for these trades)
So we had :43-6-12-10=15 points gain.
Trade 5 : Short <6261.80 , did a low of 4242. Exited 1 at 6247 and 2nd at SAR >6255.45, this trade gave : 14+6=20 points Gain.
Trade 6 : Long above 6255: Did a high of 6268.80 ! Wanted to exit at 6269.45 but price did not breach 6269 twice, hence exited both lots at 6267.80 at ~3:15 PM thus gaining : 12X2=24 points.
So we had a 24+24=44 points in 6 trades, the same profit we had in hand after the 1st Trade !

 

[rh6996]

3rd Dec Trades as per system :
Long > 6246 did 6254 Loss -2 & -2
Short< 6245 did 6244 Loss -4 & -4
Long > 6249 did 6264.80 Gain +14 & +7
Short < 6257 did 6242 Gain +14 & +9
Long > 6251 did 6262 Open with sar at below 6249.45


My actual Trades :
Did not take first long as SL was ~25 points
Short 6245 Exit 6254 (Missed a reversal) Loss : 2X9=-18
Long 6254 Exit 6257 (Could not book 1 lot at 14 points as entry was late) Gain 2X3=+6
Short 6257 Exit 1 lot at 13.35 points and 2nd at 6251.80 : Gain 13+6=+19
Long 6252 Open SL 6249
Score : -18+6+19=+7

 

[rh6996]

Short at 6249 triggered, exited 1 lot at 6236 and 2nd lot in hand with 6251 as SL!

Profit today: 7+13=20 with 1 lot in hand with SL almost at cost

 

[rh6996]

SL hit, day over ! 20 points profit less expenses

 

[rh6996]

First 5 minutes candle's High Low intact ! Narrow moves. No position taken.

 

[rh6996]

Went long above the high at 6235

 

[rh6996]

It was real fast ! Exited 1 lot at 6248.80, imagine high today is 6248.90 ! So do get lucky at times !

 

[rh6996]

Reverse to Short below 6236, say 6235.45

 

[rh6996]

Short it now CMP 6238.80

 

[rh6996]

Covered 1 lot at 6225.35