iCharts Discussions

[ankur11_11]

Todays Reversal level is June future closing below 9640.

Om Namaha Shivaya

[ankur11_11]

Nifty fall so fast , that the supertrend made a retracement at previous level of 9619 as reversal/support level as mentioned yesterday.

Still holding long with an average of 9635 ... lets see

May be going to loose heavily !

Om Namaha Shivaya

[shika]

[ankur11_11]

I booked loss yes .. and did not sold ... I need to rethink about the setup.

@sikha , thanks for your opinion , I would like to book profit in parts , but wanted to go all the way.In a ranged market it is always wise to book part profit or best to stay out of trading in a swing method.I will keep that in mind.

Uploaded my simple setup .. you can find last trades and the mess it made in this trade. Future is closed way down below reversal supertrend level of 9619 ... but did not generated any sell signal.I think there is some problem with this
(5,1) setup of supertrend.It happened to me in the past in crudeoil too.

Booked at 2.35 PM being hopeless (as supertrend was not responding as it should) @ 9605 at 5 min chart sell signal.

Lets see ...

[Kedarjd]

Your system works Ankur , all 3 trades were giving profits of 40plus points at some point. But yes may be some partial profit booking was needed.Thanks so much for sharing all this information with us,Hoping to be more desciplined next time.

[ankur11_11]

Thanks Kedar .. entered the tread after price goes below Days BB level and sold 2 lots @ 9576 ...

Reversal level tomorrow will be updated 1 hour before market closing.Presently it is at around 9628.

** Change in the system :
From now on will book partial profit with hourly buy reversal and will re enter the trade with hourly sell reversal again ... in 1 lot.
Presently for tomorrow Hourly part profit taking reversal level is closing of hourly candle above 5931.

Om Namaha Shivaya

[ankur11_11]

1. loss 10200 post reference dated 29th march '17

2. profit 4993 ... so loss still remained 5007 ( as of 9th April' 17)

3. profit of 9119 in 2 split ... so we have profit of 9119-5007 = 4112 (as of 21 april'17)

4. profit of 4950 ... so total 4950+4112= 9062 (as of 24th april '17)

5. profit of 2400 (one lot in loss and one lot in profit) ... so total 9062+2400 = 11462 (as of 30th May '17)

6. profit of 9900 in one lot and 9525 in another .. means 19425 in 6th trade.

7. Loss of 8700 in 7th trade. (reference to post of 20th June .'17)

8. Loss of 4800 in 2 lots (brkg adjusted).

Total profit made in this thread is 22187 - 4800 = 17387.

[ankur11_11]

Booked profit in both 2 lots at 9532 for opening above hourly reversal level .

No buy position , will buy only when days closing above 9572.

Will sell again with hourly sell signal.

Om Namaha Shivaya

[ankur11_11]

Holding 2 lot of sold position in Nifty July series.(entered after exiting yesterday from June Fut on hourly sell signal) @ 9553.

Days reversal of July future is closing above 9548

lets let it run , things are seems to be in favour.

Having hard time to update hourly reversal levels for part profit booking. .. lets see what can be done about that.

Om Namaha Shivaya

[gbvaniin]