Today's Buy Levels

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Re: Todays Buy Levels

if there is a bearish candle in todays chart it will be a confirmation of evening star formation.....then its time to short.
i want two more confirmation before i go short :
1. todays volume should be higher .
2. todays close ( i want it to close more than half way in to the fridays white body).
The big question is if ?
 
U

uasish

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Re: Todays Buy Levels

if there is a bearish candle in todays chart it will be a confirmation of evening star formation.....then its time to short.
i want two more confirmation before i go short :
1. todays volume should be higher .
2. todays close ( i want it to close more than half way in to the fridays white body).
The big question is if ?
In Fut EoD there is no White Candle on Friday;
The position was taken on Intraday Chart on Signals ;where the Criterions are := Exit = (Entry + Entry*0.015) ;
SL at (Entry - Entry*0.004);
As many a times in Back-testing it is being found the Entry gives (+) 3%
from Entry ,hence to be on the safer side i booked 50% Profit & now even if it Hit SL i would not be on Loss in these type of trades.
Incidentally i closed the Trade at Rs 1882.70 at 3.27pm,though it can go still up.
 
Re: Todays Buy Levels

In Fut EoD there is no White Candle on Friday;
The position was taken on Intraday Chart on Signals ;where the Criterions are := Exit = (Entry + Entry*0.015) ;
SL at (Entry - Entry*0.004);
As many a times in Back-testing it is being found the Entry gives (+) 3%
from Entry ,hence to be on the safer side i booked 50% Profit & now even if it Hit SL i would not be on Loss in these type of trades.
Incidentally i closed the Trade at Rs 1882.70 at 3.27pm,though it can go still up.
uasish,

i was talking about nifty not infy....but good that u made money (i couldnt entar as my margin was blocked in other counters) and exited as tomorrow will be very interesting(for nifty).
 
U

uasish

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Re: Todays Buy Levels

Sorry i was confused,thought you where refering to Infy,however this is the view of Nifty Fut 5mins TF ;
Where SL = (Entry - Entry*0.0025)
Exit = ( Entry + Entry*.0050 )
 
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