hello friends,i follow our own memeber veluri1967 30 min breakout ploicy for intraday trading..according to his automated excel sheet http://www.traderji.com/swing-trading/40202-trading-ranges-3.html
for nifty futures it gave sell below 6033.15(that is the first half hour low) for a target of 5930..ok it did broke the low of 6033.15 at 9.50 a.m and made a low of 6007.60(v were sitting cool with a profit of 23 points) still waiting for that 70 points fall..but market reversed broke all the resistances and made miraculous return to day high of 6079..even broke that and ended at day high of 6136 whopping 123 points recovery from day low..now my doubt is when i should have booked my short posioton?at the same sell price that is 6033.15 or at first half hour high of 6079?or at first half hour close of 6048.80?and also when i should have reversed my trade?
for nifty futures it gave sell below 6033.15(that is the first half hour low) for a target of 5930..ok it did broke the low of 6033.15 at 9.50 a.m and made a low of 6007.60(v were sitting cool with a profit of 23 points) still waiting for that 70 points fall..but market reversed broke all the resistances and made miraculous return to day high of 6079..even broke that and ended at day high of 6136 whopping 123 points recovery from day low..now my doubt is when i should have booked my short posioton?at the same sell price that is 6033.15 or at first half hour high of 6079?or at first half hour close of 6048.80?and also when i should have reversed my trade?