August 31, 2015

NIFTY futures intraday charts

- breakout from initial trading range was bullish (first arrow)
- resistance offered at 8050 - see line for significance
- trailing SL hit (black line)
- short signal at 2nd arrow
- trailing SL hit (black line).

Note there implementation of a more "strict" trailing SL. For long positions, this is below the low of most recent bull bar and vice versa. This gives faster exits at cost of higher whipsaws.

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