Nifty 8DMA plus minus trading stratagy

[sspagro]

Hi sspagro,

My query is in respect of Entry in BNF trade and the query is if BNF moves 50 points above or below the trigger price, is it good to enter into trade?

Yes. Buy its always good to execute immediate if open price found in our range. Always place 115 point SL. Its high probability trades means this strategy result in our favor most of the time. So 30-40 pts here and there should not bother us.

 

[Option.Trader]

Yes. Buy its always good to execute immediate if open price found in our range. Always place 115 point SL. Its high probability trades means this strategy result in our favor most of the time. So 30-40 pts here and there should not bother us.

Amazing, and we have been thought to look at positive outcomes and RR, but here you have a system having a higher stop loss than target profits and still being in green

 

[sspagro]

Trade levels for 20th OCT:

NIFTY:

NIFTY SPOT IS BUY ABOVE 7847 SL 7820 TGT 7917. if SL triggers just reverse your trade & short NIfty for 7777


BANK NIFTY:

BNF FUTURE IS BUY IF OPEN BETWEEN 15474 to 15639
BNF FUTURE IS SELL IF OPEN BETWEEN 15900 to 16107

Place 115 points Stop Loss after order execution. minimum target 100 points of your execution price. if BNF opens out of our trading range then we should avoid trade.

 

[dipendu]

Trade levels for 20th OCT:

NIFTY:

NIFTY SPOT IS BUY ABOVE 7847 SL 7820 TGT 7917. if SL triggers just reverse your trade & short NIfty for 7777


BANK NIFTY:

BNF FUTURE IS BUY IF OPEN BETWEEN 15474 to 15639
BNF FUTURE IS SELL IF OPEN BETWEEN 15900 to 16107

Place 115 points Stop Loss after order execution. minimum target 100 points of your execution price. if BNF opens out of our trading range then we should avoid trade.

How to calculate sl of 115 point? Whether 115 points from Buy or Sell price or 115 points from upper or lower boundary i.e. if buy triggered and bought at 15550 then whether SL will be @ 15550-115=15435 or 15474-115=15359?

 

[sspagro]

How to calculate sl of 115 point? Whether 115 points from Buy or Sell price or 115 points from upper or lower boundary i.e. if buy triggered and bought at 15550 then whether SL will be @ 15550-115=15435 or 15474-115=15359?

15550-115=15435 is correct sir.

 

[umeshmandal]

Bank Nifty Futures... no trade even today! Opened beyond both ranges!

 

[sspagro]

BNF & NIFTY Both open gap up on the back of election results. it was expected.

stay calm wait for next opportunity... may be tomorrow.

 

[sspagro]

Trade levels for 21th OCT:

NIFTY:

NIFTY SPOT IS SELL BELOW 7855 SL 7881 TGT 7785. if SL triggers just reverse your trade & buy NIfty for 7925


BANK NIFTY:

BNF FUTURE IS BUY IF OPEN BETWEEN 15885 to 16050
BNF FUTURE IS SELL IF OPEN BETWEEN 16160 to 16355

Place 115 points Stop Loss after order execution. minimum target 100 points of your execution price. if BNF opens out of our trading range then we should avoid trade.

 

[akumar.27raj]

Bnf sell at 16288

 

[umeshmandal]

Almost went upto SL! My short at 16294 ! High 16281
Have placed my SL=16411