- How to trade for the very first time using BSAR?
The entry rules for the very FIRST TRADE are as follows: (first trade would always be a long trade)
- The Underlying Asset must have been closing below it's BSAR level for at least 3 consecutive trading sessions
- Today, for the very first time in last four trading sessions, it should close above BSAR level
- Tomorrow even after 10 am, it should be quoting above today's BSAR level
- So tomorrow, after 10 am we would place a 'market buy order' to buy Futures Contract of our preferred underlying asset
- What are the entry rules for subsequent long trades?
The entry rules for subsequent Long Trades (Long Trade means first you buy something then sell it) are as follows
- The Underlying Asset must have closed above it's BSAR level for today
- Tomorrow , even after 10 am, the asset must continue to quote above today's BSAR level.
- Place a 'market buy order' for Futures Contract after 10 am
Sunday, November 28, 2010
BSAR Trading System - Entry Rules
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Sirji like today nifty is above BSAR after 3 consecutive closing below it
ReplyDeleteand today at 10 am nifty is above BSAR
so we go long
BSAR calculated on Friday was 5840. Nifty closed at 5752. So no fresh trade today. But if today Nifty closes above the BSAR calculated for today, then we would watch the quotes tomorrow after 10 am. There is no guesswork involved.
ReplyDelete"...AFTER 10 AM AND UPTIL 02:30 PM..."
ReplyDeleteD/MJA
ReplyDeleteCan you please make us to move in this trade by BSAR method.. wish to know the tomorrow entry possible