Scalping and more in Nifty Futures

[rh6996]

Trade reversed to Long at CMP 6099.35

 

[Xitij]

Whats happening... you short , u gave SL and suddenly reversed too to long!
Please be more clear..please rh!!!
I short at 6096 and now long at 6099.90 !
What SL now?

 

[rh6996]

Whats happening... you short , u gave SL and suddenly reversed too to long!
Please be more clear..please rh!!!
I short at 6096 and now long at 6099.90 !
What SL now?

This happens in this strategy! When the trigger bar low is not breached, the Trade may be reversed.

 

[rh6996]

26th Nov 2013 (Will edit the Post periodically during the day)
Actual trade record for the day :
2 lots Short 6094.45 Cover 6099.35 = Loss 5X2= -10
2 lots Long 6099.35 Sold 1 at 6013 = Profit 14 , Sold 2nd at 6117.30 : Profit : 18 points.
Total -10+14+18=22
No position in hand. Long aboove 6120.55 and Sell below 6091.45

 

[rh6996]

Exit 2nd lot at 6117.50, i.e. high of the day and reenter above 6120.55

 

[rh6996]

26th Nov 2013 (Will edit the Post periodically during the day)
Actual trade record for the day :
2 lots Short 6094.45 Cover 6099.35 = Loss 5X2= -10
2 lots Long 6099.35 Sold 1 at 6013 = Profit 14 , Sold 2nd at 6117.30 : Profit : 18 points.
Total -10+14+18=22
No position in hand. Long above 6120.55 and Sell below 6091.45

 

[rh6996]

On RR basis one can reenter long ~6104.55

 

[rh6996]

On RR basis one can reenter long ~6104.55

Did not give an opportunity as went down upto 6105.10 only ! Would have been an excellent Trade.

 

[rh6996]

Long entered.

 

[rh6996]

Long at 6120.60 does a high of 6122.25 and drops down. There was an exit signal at 6111.45 but missed it. Exiting long at CMP : 6106.60