dear gurmy/aman/ayush/hills
in real end of day trading,we will consider just( end of day bar.)
technically ,we are permitted to take the help of lower time frames.but still we don't take.
suppose you have gone long in gold,with the help of four hour time frame.
once after entry with four hour ,you are eod time frame trader.
so your exit will be from,eod time frame trailing stop loss .but now for few (four hour bar )gold is on long side.
after that it again shift to short side.
but as eod trader ,you can not close your long from four hour trailing stop loss.
you will wait ,till your eod stop loss trigger.
once it will trigger ,you will suffer loss
long entry from four hour prove to be whispa.
so in real end of day trading,just eod bar should be used for taking entry also.
.
To day being a holiday,i was quite free and was going through the thread of dear smart trade.HOW TO TRADE WITH AN OSCILLATOR
basically at this forum ,there are 10 to 20 members who are having very high technical knowledge by going through their thread ,you can increase your level of knowledge very fast,although i have gone through the thread of 7 or 8 out of them and regarding others ,i am going through step by step ,as i am getting time.
BUT MY THIS POST IS WITH SOME SPECIFIC PURPOSE,FOR NEW BIE OR FOR TRADERS STILL AT 30 TO 50 % LEVEL OF KNOWLEDGE,HELP OF OSCILLATOR IS A MUST ,TO EARN QUICK MONEY ,PARTICULARLY BY DOING PURE INTRA DAY TRADING.
my system of pure intraday trading ,which i am shortly going to teach in my next posts and the system which dear smart trade is teaching in his above mentioned thread is 90 % same.
and dear smart trade has already given, lot of advanced knowledge,on pure intra day trading at five minute time frame,with the help of stoch and rsi and support/resistance.
SO I REQUEST THE VIEWERS OF THIS THREAD TO GO THROUGH ABOVE MENTIONED FULL THREAD FROM BEGINNING.
IT WILL HELP THEM TO EARN QUICK MONEY,FROM THE MARKET,AS A PURE INTRADAY TRADER,WITH OUT TAKING ANY HIGH RISK OF LOOSING THEIR INITIAL CAPITAL !!!!!
