You always say "buy when there is a fall back", but you have bought at the uptrend.
Saint, will you pl explain each buy, sell and add, your stop losses here and your +s. How did you select entry points? Except a few most are confusing for me. I think I am bothering you too much. Pl take the trouble.
Thanks in Advance.
vps
Hi VPS,
I wear different hats with different time frames.......I have a strategy for intraday,for the 60min Flow,for an Intermediate Uptrend but trading the longs on the Daily Charts,and then there are trades purely from the weekly charts looking at monthly for reference.
I might be following the Flow on the 60min charts ad therefore long,but my 5min pivots have cracked and am in intraday shorts at the same time as longs on the 60min Flow.
For all these various strategies or methods,I have my various hats that I don in each trade.The daily and weekly trades I post in the "New Intermed Uptrend" thread.When the weekly charts make a pullback(I never use words like fall back......but I got the point),in a monthly uptrend,and then forms a Bottoming Tail Doji,I would enter long.In the 60min charts Flow Trades,when the 60 makes a pullback and makes a Bottoming Tail Doji,I would never dream of buying on a pullback.....I need confirmation.And that I get with a previous pivot high getting taken out.
Same looking chart,different time frame........and therefore different response.
I had just posted in Asish's thread on Friday that many in Traderji find it conflicting advice,contradictory stances and therefore get confused.......which leads me to post less and less.These posts are meant to guide and help,a sort of hand-holding in the initial phases as Smart Trade would put it.I had not posted this....the 60min Flow Trades......for over a year out of fear that people would use it to great detriment and lead to ruin,which is definitely not my intention.Understanding and following the Plan leads to great gains.Not understanding it is no big deal.......probably you would curse me and all the many in this thread as fools and idiots.No harm done......But misunderstanding even the best plan or method will lead to your financial ruin,and psychological damage.
Every method has its game plan..........please do not come into one thread and tell me that "But you said in the other thread........"Different battles,different strategies,different weapons......
And about explaining each entry point,each exit point,each stop loss.........my friend,please do go back and read the "Teach a Man " thread over at TA Section.Without understanding what I mean by Pivots and Trends and Time Frames,no use.
Have a look at this thread from the beginning.......read up,learn up,try to understand,and then have your doubts cleared one by one.
Saint