Trading With CrossOver And BB

[docvijay4u]

Yes For Short Right But If You Were Long S/L Would Be Opening Bar Low - Points. Opening Bar Low Is 3680.

Ya Doc Thanks. I got it. I was a little confused. So the stop loss is (Opening bar high)3697+10=3707 for short. and stop loss if I go long is 3697-10=3687.
Smiles:
Priyank

 

[nitu20]

Thanks a lot doc.
Smiles:
Priyank

 

[prasadam]

Just i more query. What if crossover happens before stop loss triggered. Sorry to ask so many questions.

if crossover happens before stoploss, we reverse the position, i.e., we will cover present short and go long.

Then, stoploss will be changed to Low Of The Day - 10 points.

 

[prasadam]

crossover not confirmed. still short.

 

[prasadam]

Doc.

just an observation.

price unable cross 9 sma from downside.

wondering whether could be used as SL with larger filter.

what do you say.?

 

[docvijay4u]

Yes That Would Be Great, That Way We Can Constantly Follow Up Our Trade But Need To Decide Value...:thumb:

Thanks.

SN Welcome Captain!!!:clapping:

Doc.

just an observation.

price unable cross 9 sma from downside.

wondering whether could be used as SL with larger filter.

what do you say.?

 

[docvijay4u]

- Prasad Looks Like Brakout In Our Favor But Not So Strong. (Now It Is)

- Regarding S/L Above 9 SMA Price Difference Between Upper BB And 9 SMA In Case Of Short And Price Difference Between Lower BB And 9 SMA In Case Of Long Can help To Decide S/L. But Not Sure How? Will Add Input When Something Definite Come Out, As S/L Should Also Be Our Reversing Point....

Thanks.

 

[prasadam]

Hi Doc/Prasad,
I short nifty @ 3661. Stop loss should be opening bar (3668-10=3658) or (3668+10=3678).
Smiles:
Priyank

priyank.

how's the ride.?

hope you are enjoying it.

 

[prasadam]

Doc.

again dilemma.

4 consecutive bearish bars. If next bar opens as bullish bar, what to do?

book partial profit? or just wait out for crossover?

 

[nitu20]

Yes Definitely Prasad. I will be always thankful to you, Doc and Savant. You guys are really doing gr8 job by helping others. Thanks a million.

Keep smiling always
Priyank