Thursday, April 26, 2012

HOW TO TRADE WITH LEVELS

HOW TO TRADE WITH LEVELS

  1. FIRSTLY LOOK AT THE CURRENT MAKET PRICE
  2. THEN LOOK AT THE ATP (AVERAGE TRADING PRICE
  3. IF CMP IS GREATER THAN ATP GO LONG
  4. IF CMP IS LESS THAN ATP GO SHORT
  5. IF YOU ARE LONG USE SL OF S1 AND TGT OF R1& R2 IF CMP IS BETWEEN OFATP AND R1
  6. IF TGT OF R1 IS ACHIEVED THEN TRAIL YOUR SL TO ATP FOR TGT OF R2
  7. IF YOU ARE SHORT USE SL OF R1 AND TGT OF S1 AND S2 IF CMP IS BETWEEN OF ATP AND S1
  8. IF TGT OF S1 IS ACHIEVED THEN TRAIL YOUR SL TO ATP FOR TGT OF S2
  9. IF CMP IS BETWEEN S1 AND S2 SELL WITH SL OF ATP FOR TGT OF S2 AND S3
  10. IF CMP IS BETWEEN R1 AND R2 BUY WITH SL OF ATP FOR TGT OF R2 AND R3


NOTE:
1. ALWAYS TRAIL YOUR SL AS PER LEVELS GIVEN AND POSITION YOU HOLD IF YOR FIRST TGT ACHIEVED
2. YOU CAN LOOK AT REAL TIME ATP REFLECTED ON YOUR SCREEN WHILE TRADING
3. IF MARKET OPENS WITH GAP REFER WEEKLY LEVELS FOR SUPPORT AND RESISTANCE
4. EVEN IF YOU WANT SHORTER LEVELS YOU CAN CALCULATE AT YOUR OWN BY VISITING www. research-view.blogspot.com

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