Trend Trader

MD89 15/2/2017 12.25 -- Scale in 1/3rd of planned position nifty short at cmp 8734 with SL 30 min close above 8800 for tgts 8650-8580-8525-8450. Can add more lots when proper set ups arise as the index moves in direction of the trade. 16/2/2017 -- 11.30 --  The SL on this trade now stands at 8770 (30 min closing basis), above which there may be a case for reversing the trade. That will be updated as and when it happens. 1.20 PM - Add another 1/3rd here at cmp 8760.. reverse position if 30 min close above 8770 .. risk on this 1/3rd negligible. 14.10 - 30 min candle closed at 8778, cmp 8770. Reverse position (-36 points on first 1/3rd and -10 points on second 1/3rd) with sl 30 min close below 8750 for targets 50-100-150 points. Whipsaws may happen again since it could be a trend reversal zone. But system will keep alerting on trades without any biases. LOSS 25 PTS 17/2/2017 11 -- Nifty opened at 8885 (hence hitting our target 1 and 2 ie +50 and +100 points) ... remaini