Real life case study.

On NM sirs website, we came across one gentlemen named bapi. He had sold 4 lots of BankNifty @ 12 770 in morning (9:20) and covered them @ 12850 (around 10:30), making loss of 80 points or 8,000 rupees.

My guess is, he did trade on random basis and did not had time to manage trade at all.

Here is simulation of his trade, if managed with certain rules. This is to show that it doesnot matter whether you trade with some system or indicator. As long as you know your SL and Targets, you can trade with random numbers and discipline.

There are three simulation.
1) Manged with only SL of 40 and Reverse Trade on SL.

	SL=40, No Part Profit Booking
	Entry	Exit
Sell	12670	12710	SL Hit	-40	-160
Buy	12710	12670	SL Hit	-40	-160
Sell	12670	12609		61	244
					-76

2) Managed with SL of 40, 1st Part Booking at double of SL (i.e. 80), 2nd Booking at tripple of SL (i.e. 120), 3rd booking at quadraple of SL (i.e. 160). Reverse Trade on SL.

	SL=40, Part Booking1=80, Part Booking2=120, Part Booking3=160
	Entry	Exit
Sell	12670	12710	SL Hit	-40	-160
Buy	12710	12790	TG1	80	80
Buy	12710	12670	SL Hit	-40	-120
Sell	12670	12590	TG1	80	80
Sell	12670	12609	EndOfDay	61	183
					63

3) Managed with SL of 40, 1st Part Booking at double of SL (i.e. 80), 2nd Booking at tripple of SL (i.e. 120), 3rd booking at quadraple of SL (i.e. 160). Reverse Trade on SL. On every target change TSL one level.

	SL=40, Part Booking1=80, Part Booking2=120, Part Booking3=160, TSL
	Entry	Exit
Sell	12670	12710	SL Hit	-40	-160
Buy	12710	12790	TG1, Change TSL to CTC	80	80
Buy	12710	12710	TSL Hit	0	0
Sell	12710	12620	TG1, Change TSL to CTC	80	80
Sell	12710	12580	TG2, Change TSL to TG1	120	120
Sell	12710	12609	EndOfDay	101	202
					322

So, just managing trade even without knowledge of EW, WW, RSI, Stoch, CCI should generate good amount of profit.

I donot have Intraday data of BankNifty fut. So, may be everything will not work exactly as given above values of each trade might be different.