In beginning there is no base,but from last six month with help of ur thread n amit bhai thread i really learn alot..thanx...
But still can't find proper step up..
If possible can u please share ur trading set up with diagram..its helps me lot..
Normally i trade with broker tip or sometimes from tv..
Last trade was on LT @1180 sold in profit @1240 with ur guidance in thread
But still can't find proper step up..
If possible can u please share ur trading set up with diagram..its helps me lot..
Normally i trade with broker tip or sometimes from tv..
Last trade was on LT @1180 sold in profit @1240 with ur guidance in thread
It hurts when retail investors dont use the simple and basic things available for us...
Simply using some moving average we can make a rule to trade only when conditions satisfied...and its a thousand times better than buy-hold which retail investors doing...
Thanks...now on you are making efforts to form a trading strategy...
For one of simple setup, as i always say is trading higher timeframe divergence on lower timeframes...Like if we have weekly oversold with +ve div in it, then go on daily and identify the consolidation mark trendline resistance support and resistance, wither go on breakout or go on closer to support with small SL...Similarly swing investors can also go for weekly oversold(here dont wait for +ve div) then it should have +ve div on daily, then go for trade...this is also good setup...
It can be taken on any timeframe...if one is short term trader, go for daily +ve divergence and then entry on hourly charts...or hourly +Ve div and entry on 5/15 mins...
This setup will save you a lot...also stoploss is mandatory...dont trade without knowing risk involved...And before taking any trade, always assume its gonna hit your stoploss, better be prepared for it...so that it slowly inculcates in our nature that stoploss are necessary to avoid big capital erosion...
Amit's thread is good one...i too follow it...