Hi,
I would like to hear feedbacks from other experienced members about the above method of trading nifty futures. The method is very simple. In this method, the high and low of the first hour range are taken as support and resistance points. A long position is taken on the break of the hourly high and a short position is taken on the break of the hourly low. As I do not have access to any historical intraday data, I can not backtest the method. I would appreciate feedbacks from other members who may have used the system.
Regards
I would like to hear feedbacks from other experienced members about the above method of trading nifty futures. The method is very simple. In this method, the high and low of the first hour range are taken as support and resistance points. A long position is taken on the break of the hourly high and a short position is taken on the break of the hourly low. As I do not have access to any historical intraday data, I can not backtest the method. I would appreciate feedbacks from other members who may have used the system.
Regards