Intraday Scalping in Mcdowell-N

[gkpc]

As per Rules of the strategy : Trades today

Long > 1838.20 does a high of 1844.85 SAR at 1833.80
Short beloe 1833.80 does a low of 1813.. trade still on TSL can be put at cost now.

 

[rh6996]

As per Rules of the strategy : Trades today

Long > 1838.20 does a high of 1844.85 SAR at 1833.80
Short beloe 1833.80 does a low of 1813.. trade still on TSL can be put at cost now.

I had PMed rkkarnani and he suggested that going short below 1830 would be safest as per todays chart !

 

[rh6996]

I had PMed rkkarnani and he suggested that going short below 1830 would be safest as per todays chart !

Wud hv been a gud trade, did a low of 1805.30 ! Did not trade it

Please gkpc cnfrm If it would be the right level to exit the short at 1820+ ? OR would it be a SAR, exit short and enter long.

 

[rh6996]

Long above 1819.40 does a high of 1828.70 , now SL below 1816.80
rkk or gkpc please confirm these trades.

 

[burai123]

As per Rules of the strategy : Trades today

Long > 1838.20 does a high of 1844.85 SAR at 1833.80
Short beloe 1833.80 does a low of 1813.. trade still on TSL can be put at cost now.

as per your rule ( if i am not wrong) IDNR4 candle formed at 10.50 am( according to nse-tame f&o).
then why did you enter in trade at 9.50 am?
may be i am wrong?

 

[rangarajan]

as per your rule ( if i am not wrong) IDNR4 candle formed at 10.50 am( according to nse-tame f&o).
then why did you enter in trade at 9.50 am?
may be i am wrong?

Clear Ten points profit.:thumb:

Uploaded with ImageShack.us

 

[rangarajan]

Jetairways(cash) 14rs profit:thumb:

I only paper traded,posting for information & soundness of the strategy.

Uploaded with ImageShack.us

 

[rh6996]

Long above 1819.40 does a high of 1828.70 , now SL below 1816.80
rkk or gkpc please confirm these trades.

Long exited below 1816.80

New long above 1824.20 Not triggered yet

 

[rh6996]

as per your rule ( if i am not wrong) IDNR4 candle formed at 10.50 am( according to nse-tame f&o).
then why did you enter in trade at 9.50 am?
may be i am wrong?

This entry is as per some Pivot reversal rule. It was not discussed here. Maybe gkpc can comment about it. I had asked rkk and he replied my PM with this info.
Both first entry and first reversal are as per Pivot reversal.

You are correct, as per idnr 4, Long above high of 10:55 bar

 

[rkkarnani]

Todays trades in Mcdowell :
Went short below : 1801 exited at 1793.20 went down upto 1788 (As per PM from gkpc to confirm)
Now waiting for trigger : Long above : 1807.20 or short again below 1785.90 (As per IDNR4)

IDNR4 trade not triggered, now a fresh IDNR4 is created whose levels are within the origiinal IDNR4 bar , where do we enter, original levels or New levels as per new IDNR4 bar?