Trading With CrossOver And BB

[prasadam]

savant ji.

two doubts.

1. stoploss - why 18? the ATR(14) of 15 min. is around 25, and ATR (69 - last three days) is around 20.

2. will it be correct to go long above 09.55- 10.00 bar, a bullish bar, which pierced the lower band?

Hi Prasad,

For Today Keep A Trailing S/L Of 18 Points

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Prasad,

Was Calculating The ATR Mentally, Last 3 Days Is Correct.

If Bottom BB Is Pierced Then Immediately Check On The The 5 Min TF & If The Following Bar Is A Green Bar Then One Can Go Long Safely.

SavantGarde

savant ji.

two doubts.

1. stoploss - why 18? the ATR(14) of 15 min. is around 25, and ATR (69 - last three days) is around 20.

2. will it be correct to go long above 09.55- 10.00 bar, a bullish bar, which pierced the lower band?

 

[docvijay4u]

Captain What Is Mean By Break Even Is It Mean Same Value As Of 3625?
And What Is ATR?

Thanks.

Priyank When NF Reaches 3625 Keep A S/L Of Your Break Even.

Thereafter Adjust By 4 Points For Every 7 Point Increase

SavantGarde

 

[SavantGarde]

Prasad,
Just Saw Your Chart, Even On The 15 Min The Bar After Piercing Is Green Therefore It Is Quite Safe, If After Piercing The Following Bar Was Red Then You Could Have Shave Gone Short.

Also As I See On The Chart The Low Of 4th Bar From Last Can Also Be S/L

SavantGarde

 

[SavantGarde]

Since Priyank, Is New That Is Why I Suggested A Breakeven Point, That Way His Confidence Will Remain Intact & Moreover Days Such As Yesterday & Today Is Good For Priyank To Witness & Trade In Such Market Conditions.

SavantGarde

Doc,

Break Even Would Mean Total Brokerage & Taxes (Impact Cost)

ATR Means Average True Range

SavantGarde

Captain What Is Mean By Break Even Is It Mean Same Value As Of 3625?
And What Is ATR?

Thanks.

 

[prasadam]

Captain What Is Mean By Break Even Is It Mean Same Value As Of 3625?
And What Is ATR?

Thanks.

breakeven in priyank's case is 3612+brokerage.

 

[docvijay4u]

So Prasad Will You Please Summarize How S/L Should Be Followed Little Confusion, Will Like To See Details After Market Hrs.

Thanks.

 

[prasadam]

sl hit at 3602. (12.15-12.30) - 2 lots

short at 3608 ( 12.30-12.45) - 1 lot.

 

[docvijay4u]

Bearish CrossOver Confirmation In Tight Range. I'm Also Short But RIL Stock After Closing First Long Position.

Thanks

sl hit at 3602. (12.15-12.30) - 2 lots

short at 3608 ( 12.30-12.45) - 1 lot.

 

[prasadam]

So Prasad Will You Please Summarize How S/L Should Be Followed Little Confusion, Will Like To See Details After Market Hrs.

Thanks.

doc.

between 11.15- 11.30 : stoploss = 11.00- 11.15 bar low - 18 points=3576

between 11.30- 11.45 : stoploss = 11.15- 11.30 bar low - 18 points=3597

between 11.45- 12.00 : stoploss = 11.15- 11.30 bar low - 18 points=3597
( no change as no higher low was made)

between 12.00- 12.15 : stoploss = 11.45- 12.00 bar low - 18 points=3602
( new higher low was made)

between 12.15- 12.30 : stoploss = 11.45- 12.00 bar low - 18 points=3602
( no change as no higher low was made).


hope I am clear in conveying the trailing stoploss concept.