| NSEFUTURES DATED : 29 Dec 2008 | ||||||||||||||||||||
| E Mail , nsefutures@yahoo.com Mobile No. : 971 787 7338 | ||||||||||||||||||||
| Level 2 Trading System | ||||||||||||||||||||
| Level 2 Trading System is a tool developed by us for Intraday trading and it is a mechanical trading system. You will be in Trade from Opening Bell to closing of market. It is a trading system where in two levels from current market price becomes SL and in case off market taking out SL, then you will move to taking opposite trade. You can enter trade at any part of the day and all you have to do is, find out in the sheet where the Index is trading at a particular point of time and when it moves to second level, you initiate the trade. Long Trade Suppose Nifty is trading at column level of 10 and when it moves to column 8, go long with SL at 10 and when it moves to column level of 7, you trail the SL to 9 and when it trends further to 6 move the SL to 8. You will keep on trailing it whenever it moves from one column level to another. Short Trade Suppose Nifty is trading at column 10 and when it breaks the level of column 12, you short with SL at level of column 10 and when it moves down to 13 move the SL to 11 and when it further moves down to 14 move the SL to 12 and keep trailing. When SL is taken out either for long or short, you will reverse the trade and move along with the trend as explained above. That means you will be always in trade, with the trend of market. | ||||||||||||||||||||
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