Agni/JBNSAR being a mechanical system for intraday, you must resist getting distracted by news flows/ events and follow your trading based on the number only.
It is a number (shown Right side of the blog), one can go long when banknifty moves upward and crosses Agni/JBNSAR level from below and one can Short/sell when banknifty moves down and crosses Agni/JBNSAR .Keep stop loss a "Agni level/JBNSAR +/- 40/50 points for sell or buy respectively".
It is a number (shown Right side of the blog), one can go long when banknifty moves upward and crosses Agni/JBNSAR level from below and one can Short/sell when banknifty moves down and crosses Agni/JBNSAR .Keep stop loss a "Agni level/JBNSAR +/- 40/50 points for sell or buy respectively".
To check whether it sustain above/below agni/jbnsar keep entry +/-15-20 points...
For eg. today Daily agni/jbnsar was 10392/10434 than keep ur entry point at 10410/10450 respectively.
Minimum 2 lots is advisable. Book one lot with 40/50 or more points based on earlier resistances levels and hold the other with trailing stop loss once in profit.
There are times the AGNI/JBNSAR is triggered and BANKNIFTY moves up by just 10 or 25 points only and reverses and triggers the AGNI/JBNJNSAR resulting in a 40/50 points loss. Take the loss and initiate a sell at the trigger point with 2 lots and repeat the process.
While following the disciplined way of following this number, you could lose 40 points or even 80 points at certain situations when market is indecisive but "keeping up with the Number" ensures you are in a big trade when it emerges which will fetch you 300 or 400 points.
It is observed that whenever banknifty crosses both levels i.e. agni and jbnsar on any one side in a day it gives 50 to 100++ gain mostly... there will be no wipshaw...and whenever banknifty gives smaller gain i.e. 25-30 points giving wipshaw in a day than remember it will soon give a rally of 100+ points in coming 2-3 days....
Please note that dont take new position/trade between 3.00 pm to 3.30 pm even if price triggers Agni or JBNSAR levels because its time to close the open position.. This strategy is for the one who dont want to take the tension of gap up opening or gapdown opening next day.Its purely a intraday strategy.
Patience is the key to this kind of trade. And it pays at the end of a month... There is no fool proof method to win but that failure could be managed with small stop losses.
One can check past performance based on Agni/JBNSAR level in "Trade Diary (INTRADAY)" tab. Which I update daily.
If any further clarification needed then feel free to write a comment.
Yes. I am following the levels daily...but my Question is how do you arrive at the figures of JBNSAR/Agni Level and Weekly JBNSAR. Sorry I am not asking to know about your system rather what are all things We need to learn to arrive at SAR,(purely for learning purpose only)
ReplyDeleteraju4u,
ReplyDeleteThese are just a nummber that u have to follow when banknifty crosses it from upward or downward.
These levels just work as support and resistance..
further do not discuss AGNI/JBNSAR..it is just a number. I'm just keeping the mystery intact for those "less confident/ conviction trader" to follow it blindly. Don't spoil their belief. If it gives them money, it is their GOD.
How much points monthly average by this method..??
ReplyDeleteAs your Positional SAR gives between 400-500 points.