My Bank Nifty Option trades.

[varunkochhar]

New LV bar formed in 50tick charts with a high and low of 23705 and 23698.

 

[varunkochhar]

23694 and 23716 are the pivots before that.

 

[varunkochhar]

Putting a bid of buying 23600 CE at 171 (one lot)

 

[varunkochhar]

SL is a bit steep at 152.

 

[varunkochhar]

SL is 150 for this

 

[varunkochhar]

SL hit 21 points lost. Bad day. Done for the day. Back to square one.

 

[wisp]

SL hit 21 points lost. Bad day. Done for the day. Back to square one.

No problem, Whips are part of life as a trader :thumb:

 

[varunkochhar]

ya. We need to take out 23735 for momentum to sustain.

 

[mark8tune]

if possible please post total profit or loss , no. of profitable trades no. of losing trades, balance, % profit loss at the end of the day.

 

[lvgandhi]

Minimum qualification for a buy signal : Price of BN future should be above the channel at the time of initiating a trade and the Bank Nifty OBV may be inside the channel or above it but not below the channel. Similarly qualification of a sell signal would be BN future should be below the channel at the time of initiating a trade and the BN OBV may be inside the channel or below it but not above it. That is all there is to it. The SL would be the last pivot below the channel in case of buys and the last pivot above the channel in case of sells.

Mr.Varun,
In the above, there is no mention of LV bar. How LV bar fits in these conditions?