When you exit like this, what conditions do you use to reenter, if price keeps moving in the same direction?
Just simple SD (Std Dev), its calculated on BN AV (Hist or Annualised Volatility)
At 15% 1SD = 206pts
todays 18% = 247 pts
I called top at around 250pts, but Nifty showed 3 LL on 5m and therefore cut short at 21898 bcos 21900 becomes strong resistance.
SD says, 1SD will be around 70%(+/-35%) so that's up and down range.
This is general rule for sideways and normal days which are not based on significant event moves.
2SD used for event moves, that 99% of range.
3SD happens when FII loads cargo ships of hdfcbank .