BNF SPOT- Blue Print for 07-NOV-2024
Updated
Pivots Analysis.
l Monthly Pivot - LV Relationship
l Weekly Pivot - HV relationship
l Daily Pivot - LV Relationship -
l Pivot Width Analysis - Trending day - 0.35
Key levels.
l PDH/PDL - Done.
l PD Turning Points - Done
l PD Supply and Demand Zone (1HR TF) - Done
l Swing High/Low - Done
l Gaps - Done
l Virgin CPR - None
SUMMARY
Trading Plan
1. Bullish trade if there is a positive price action above 52230 level, stop at 52130 with target at 52380
2. Bullish trade is there is a positive price action above 52400 level, stop at 52300 with target at 52550
3. Bearish trade if there is a negative price action below 52400 level, stop at 52500 with target at 52250
4. Bearish trade if there is a negative price action below 52230 level, stop at 52330 with target at 51090 (51100)
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move your SL to cost and book 50% if you are a conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
FoxStox Wealth Management (Abhishek)
l Monthly Pivot - LV Relationship
l Weekly Pivot - HV relationship
l Daily Pivot - LV Relationship -
l Pivot Width Analysis - Trending day - 0.35
Key levels.
l PDH/PDL - Done.
l PD Turning Points - Done
l PD Supply and Demand Zone (1HR TF) - Done
l Swing High/Low - Done
l Gaps - Done
l Virgin CPR - None
SUMMARY
Trading Plan
1. Bullish trade if there is a positive price action above 52230 level, stop at 52130 with target at 52380
2. Bullish trade is there is a positive price action above 52400 level, stop at 52300 with target at 52550
3. Bearish trade if there is a negative price action below 52400 level, stop at 52500 with target at 52250
4. Bearish trade if there is a negative price action below 52230 level, stop at 52330 with target at 51090 (51100)
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move your SL to cost and book 50% if you are a conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
FoxStox Wealth Management (Abhishek)
Note
VIRGIN CPR - 53027.10 To 52959.00Trade active
Long trade executed at 09:35 candle
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