I have learned 4 days back from Mr. Dinesh Rishi sir (www.bankniftytrading.com) that we can use stochastic oscillator cross over in 60 mnts. chart to initiate longs in Nifty future.
My first trade with this trade set up was with Nifty call option and booked 15 pts. profit with trailing stop loss. After hitting my tsl it has given another 20 pts. but no regrets.
Yesterday 21-6-2012 I have gone long in 1 lot Nifty future and could have booked 65 pts. but carried long till today on bullish close. Today due to gap down opening I could not book full profit booked only small profit in that trade.
Today also I have taken long in 1 lot Nifty Future based on crossover but closed the trade at end of day with 14 pts. profit.
So far 3 success full trades with this set up.
If funds permit I will take 2 lots Nifty Future on next cross over in this oscillator to part book profit in one lot and carry the other lot with tsl.
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