I have developed one strategy based on technical indicators. success rate of this strategy is 70%. Sometimes I get profit sometime I get trapped in losing position due to time decay.
I am providing example -: Suppose trading signal arrived at price 277 for ICICIbank. Now my trading strategy suggest that price will either move to 267 and then to 287 or viceversa.
This signal came on 31-03-2017 for icicibank at 277 then it moved upto 286 and today it moved again to 277. And it may move to 267. Fortunately I was able to profit from this moves this time. I bought call of 275 and when price reached 285 I closed this position and bought put of 270. This was bit risky.
How can I trade this when I know the price range say from 267 to 287 but not the direction.
I am providing example -: Suppose trading signal arrived at price 277 for ICICIbank. Now my trading strategy suggest that price will either move to 267 and then to 287 or viceversa.
This signal came on 31-03-2017 for icicibank at 277 then it moved upto 286 and today it moved again to 277. And it may move to 267. Fortunately I was able to profit from this moves this time. I bought call of 275 and when price reached 285 I closed this position and bought put of 270. This was bit risky.
How can I trade this when I know the price range say from 267 to 287 but not the direction.