The wild Banknifty, Intraday Risk/Reward play for 27Nov,19

٢٦ نوفمبر ٢٠١٩

So some fellow traders said, ohh so your zones are just a support and resistance areas of previous day. So nothing special there

Well you can try that and maybe it will work for a day or two in a week... but can you really get that exact touch and reverse in those areas almost every single day??
Can you really trust those regions with your Stoploss, like I do?? (sl hit and then reverse doesnt really happen to me as often it happens to most out there)

and what about the risk to reward?? can those methods statically show a 1/3 or 1/5 Risk to Reward on average??

٢٧ نوفمبر ٢٠١٩

ملاحظة

In the zone, but avoid shorting. expected to be choppy

٢٧ نوفمبر ٢٠١٩

ملاحظة

Short, sl at 31870/31872

٢٧ نوفمبر ٢٠١٩

ملاحظة

target nearest lower zone

٢٧ نوفمبر ٢٠١٩

ملاحظة

move sl to cost, doesnt look very promising

٢٧ نوفمبر ٢٠١٩

ملاحظة

my sl, strictly now at 31855 (relatively on fut)

٢٧ نوفمبر ٢٠١٩

ملاحظة

low of 31820, (this is not a zone method trade, was testing a new indicator on nifty. so a trade relatively on banknifty)

٢٧ نوفمبر ٢٠١٩

ملاحظة

as there is no setup involved, its safe to book the current profit. This was just taken on an indicator basis. ( currently more than 1:1 even under worse case scenario)

٢٧ نوفمبر ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

٢٧ نوفمبر ٢٠١٩

ملاحظة

Unable to get an intraday view on markets, otherwise this was a good entry. Also timing is favorable too, around 12.30 IST we can get good swing.

٢٧ نوفمبر ٢٠١٩

ملاحظة

second opportunity :)
now even nifty looks favorable (also even nifty is in the zone now)