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| Discuss Nifty Futures Trading at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Got out @ 4811.00,recouped earlier 10 points loss. Going out for 2 hrs.... |
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#3653
15th April 2008, 12:17 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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Please use NIFTY Future chart. The SL will be much lower. Once we have entered our Sl is below the low of first 5-min bar and hence the whipsaw is only once and not thrice. Personally, I use both Spot & Future chart for taking this entry. Regards, --Ashish P.S.:- Moved SL to 4785. 
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#3654
15th April 2008, 12:18 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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#3655
15th April 2008, 12:27 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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I don't deal with it........ I take the 5min high,put my stop at 5min low bar,get stopped out and reverse with a short below the 5min bar,with stop at High of the day,trail stop downwards,get out once pivots move up,therefore minimal gains.......then be there to ride the trend up and then the trend down later in the afternoon. I take them all.......would like to keep "me" out of the trade as we had discussed at Kolkata. Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust the sail..."
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#3656
15th April 2008, 12:27 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
Quote:
Thank you .. what i was saying if we enter high of 5 min bar again if the entry bar close below that level then should we exit the trade or wait for stop hit then reverse Satya
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#3657
15th April 2008, 12:29 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust the sail..."
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#3658
15th April 2008, 12:32 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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but should be trade it like machine ... pivot high break entry ... stop hit out and reverse ..... for this type of trade Thanks again Regards Satya
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#3659
15th April 2008, 12:34 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
Right.....we going vertical on the 5.
Tightening SL to 4800 Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust the sail..."
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