General Trading Chat

pratapvb

Well-Known Member
15min BO bar on 60ama

many times reversal I will manage using intraday view (as I am tradining intraday also) and so reduce the whips. Else one could have a BO failure rule when it immediately closes back into band. One has to find one's comfort zone

1st pane is that

lower pane light green is daily ama (hat also I am tracking or s/rs

I don't have data in this DB before mid december





 



ST Da, how to trail SL in the highlighted area where every other bar is a green bar but price is moving down?
When the slope is down, trail on either pivots or 2 bar's rule.When the slope becomes horizontal,quick grabbing of profits and no trailing in this area.After horizontal slope, either it breaks down or it reverses.

Smart_trade
 
When the slope is down, trail on either pivots or 2 bar's rule.When the slope becomes horizontal,quick grabbing of profits and no trailing in this area.After horizontal slope, either it breaks down or it reverses.

Smart_trade
Quick grabbing of profits without trail : What will be the trigger to say - get out, square off now without waiting for 1/2 Bar - its not breaking down.

Below are two charts of SBIN - today and Friday.



 

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