There was +ve div in stoch here I am not placing Stoch .Once price touched 45 sub levels bulls cameback and price consolidating at 50k levels. Aslo RSI in +ve .Hence can we expect good upmove.Pls correct me if i am wrong.
we can not think of going long on the basis of this one hour chart that would have been a mistake rather blunder,that is why i just closed the short but not instructed to open long
one hour time frame is beaten twice a day,we can not rely on it
first day short was taken in silver ,in the direction of the prime short trend,so no problem
then same day short was carried for next day ,as first it was in prime trend direction---second we were having support of margin earned in first day
second day against this was the case,so short was carried third day short closed as per one hour chart but no long taken against the prime trend
I DONT TRADE ONE HOUR CHART,AT MY NINE HOUR CHART THIS IS DEFAULT VALUE OF SHARE KHAN AND THIS TIME FRAME WILL GIVE U JUST TWO BAR
ONE BAR OF INDIAN TIME FRAME 10 TO 6
SECOND BAR OF INTERNATIONAL TIME FRAME 6 TO 11.30
THIS IS THE TIME FRAME WHICH I TRADE
AND AT THIS TIME FRAME SILVER IS STILL SHORT
SHORT OPEN AT APP 65000 AND CURRENT STOP LOSS OF SHORT TRADE APP 55000
MY SYSTEM IS BASED ON SUPPORT AND RESISTANCE
BUT I TAKE THE HELP OF STOCH/RSI/kst/cci/bb/various candle stick bar patterns but i never follow divergence
shortly i will sent some trade set up on nine hour