Hi,
I tried my level best to compile an excel sheet for deriving support/resistance, expected trading day ahead, buy/sell/tgts.
I request one and all to check it out and give me feed back.
Thanks.[/QUOTEplease explain about stoplosses regrding this formula..i have downloaded the xcel sheet but nowhere stoploss s mentioned..for trading on monday 18/10/2010..nifty futuere succesfully broke the first hour low of 6033.15. and made a new low of 6007..according to the formula sell below 6033.15 for a target of 5930(stoploss not mentioned)..then the market reversed and broke all the resistances and closed at day high of 6138..almost gain of 130 ponts from day low..where should have exited my short position?please reply..
I tried my level best to compile an excel sheet for deriving support/resistance, expected trading day ahead, buy/sell/tgts.
I request one and all to check it out and give me feed back.
Thanks.[/QUOTEplease explain about stoplosses regrding this formula..i have downloaded the xcel sheet but nowhere stoploss s mentioned..for trading on monday 18/10/2010..nifty futuere succesfully broke the first hour low of 6033.15. and made a new low of 6007..according to the formula sell below 6033.15 for a target of 5930(stoploss not mentioned)..then the market reversed and broke all the resistances and closed at day high of 6138..almost gain of 130 ponts from day low..where should have exited my short position?please reply..