can we add one more long trade at 2988+7 ?
still in the leaning stage, it too early to raise this question but eager to know. seniors please guide me
ADDS:There will only be one add to the initial posn.......if we get a momentum move,with big WRB's,then might be 2 adds max.Whether you add an equal no.of contracts or lesser is up to you,so long as you don't add more number of contracts than the initial posn.....Once we get a breakdown from the first bar,and we get a strong definite close of BAR 2 to the down,our ADD is at the low of BAR 2(for example!).Next ADD is only on a clear cut pivot break on the 20/30.
All ADDs are at Rs5 above/below the bar or pivot where the add is planned.
Quoted: SAINT's Post.