Manoj's Trading Diary

[manojborle]

March 17th , 2017

LEVELS:

BNF: 21648, 21710

NF: 9203, 9223

Both did not give chance to trade at levels . Lets see after some time if we get to trade at the levels.

 

[psrjt]

hello manoj
is this strategy the same that u discuss in the starting using the RSI or both are different.

 

[manojborle]

hello manoj
is this strategy the same that u discuss in the starting using the RSI or both are different.

This method only finds levels to trade, entry/exit we have to use whatever we are comfirtable with.
I use RSI to enter and exit from the trades.

 

[manojborle]

March 17th , 2017

LEVELS:

BNF: 21648, 21710

NF: 9203, 9223

Both did not give chance to trade at levels . Lets see after some time if we get to trade at the levels.

BNF did not give any chance later in the day also.
NF did come back till 9197 but still missed the level by 6 points.

 

[psrjt]

9203 and 9223 both were nifty high or its a trading range.
if they are trading range then how we will decide our sl for that trade.

regards
psr

 

[manojborle]

9203 and 9223 both were nifty high or its a trading range.
if they are trading range then how we will decide our sl for that trade.

regards
psr

These are not high or low for a day. These are the levels where decision has to be made for long or short trades.
They are not trading range though when there is small range you will observe price remains within those 2 levels.
SL can be ATR multiple, Previous Swing H/L, Longer term Moving average, Camarilla Level, Gann level and any other way possible.
So its upto you to test which works for you.

 

[manojborle]

March 20th , 2017

LEVELS:

BNF: 21283, 21129
NF: 9177, 9153

 

[manojborle]

March 20th , 2017

LEVELS:

BNF: 21283, 21129
NF: 9177, 9153

NF played around 9153 whole day giving 1 trade with 5 points and other trade with 6 points .

BNF fell short of level 21129 by 11 points and then got stuck into range, no trade possible.

 

[manojborle]

March 21st , 2017

LEVELS:

BNF: 21184, 21124
NF: 9174, 9156

 

[manojborle]

March 21st , 2017

LEVELS:

BNF: 21184, 21124
NF: 9174, 9156

Update: Long @ 21189, SL 21140