Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 5440
Low risk entry : 5380
Target : 5270 (moved up)
Bank Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 10600
Low risk entry : 10380
Target : 10100 (moved up)
Swing : Down
SAR : 5440
Low risk entry : 5380
Target : 5270 (moved up)
Bank Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 10600
Low risk entry : 10380
Target : 10100 (moved up)
Nice.
ReplyDeleteHave started monitoring swing levels and seems it work out to be accurate. Need your advise on , when you say "SAR 5440" , means on closing basis spot level ? This is very imp.information for me to trade.Pls guide.
ReplyDeleteHi Vihang,
ReplyDeleteNo, not on closing basis, intraday basis, you get out of that trade as soon as prices reach your stop level.
Thanks for the Guidance. Does it means, once it crosses 5440 spot, I exit short and go long? or else, call off the day ..! and wait for your next updates..Pls guide.
DeleteYes at 5440 spot we should exit shorts, but entry on the long side depends on your risk profile. As per SAR method we should enter long immediately. As long as market keeps trending with momentum we don't have a problem. But if it shows a correction we have an issue, that's why I also provide a "pullback entry level" which is mentioned as "low risk entry" level.
DeleteSAR "ensures an entry" but a bad risk to reward ratio (at least during initial part of trade)
In low risk entry there is a "risk" of losing the entire trade (how many people do you think really traded the up move of January and February?), but it gives you better risk to reward ratio (at least during initial part of trade)
Pick your poison :)
Check this post and related posts at the end of the article for more ideas.
http://financeandtradingmadeeasy.blogspot.in/2010/01/how-do-i-calculate-sar.html
Good luck :)
Thanks a lot. Fully understood ...!
DeleteSL Triggered. Exited. Hope the action is in line with your guidance.
ReplyDeleteYes, you are right, when do you think a trader should go long now? :)
DeleteConsidering Gap theory, Trader should enter long at 5380/5400 spot with 5310 spot ,as SL .(My Idea)..Pls correct me , if I am wrong.
ReplyDeleteYes you are right, it's pullback trading. As I said above "In low risk entry there is a "risk" of losing the entire trade (how many people do you think really traded the up move of January and February?), but it gives you better risk to reward ratio (at least during initial part of trade)"
DeleteProblem with gap theory is it is not certain that the gap will be filled always(eg election day gap), so if some one shorted before or after the gap, assuming that "all gaps get filled", will still be holding his/her trade! Quite bizarre way of trading :)
Another thing is we choose the study that favors our bias. We look for a study or theory that support our current position.