General Trading Chat

A fantastic performance of Asian Paints and stock getting sold is a bad sign..it is telling us that the market is very weak and people just want to get out .....that means we have still not seen the final bottom.

A recovery in the second half is still possible but if second half sells off then market will be bad.

Smart_trade
 

pratapvb

Well-Known Member
NF

the simplest rule I find for intraday

15min AMA

1. no longs below the band and no shorts above the band
2. exit (I use 5min ama BO/BD if far from 15min ama band) or partial profit taking as suitable. btw I book 1/3rd to half on 20pts in NF and only trail rest for trend

showing below the band and 5min BO bar trigger. trigger basis could be 5min BO bar with BO bar as SL, or could be 3min or 2min pvt above/ below band for entry as convenient

showing compressed view to show more number of days

for profit taking other s/rs like 2day vwap and 5 day vwap levels etc can help

 

pratapvb

Well-Known Member
and similarly for positional

daily AMA on 15mn chart

green and brown trigger triangles

 
and similarly for positional

daily AMA on 15mn chart

green and brown trigger triangles

Looks very clear for swing trades. Nice...people have been looking for a method for swing trades...they may try experimenting with this after proper back tests.

Smart_trade
 

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