How to trade with an oscillator
- Thread starter Smart_trade
- Start date
just finished reading whole (1372 post) thread.....
Many thanks to ST for starting this thread. I enjoyed reading even more than reading engg. subjects years back.
Also thanks to others who kept this thread alive and gave valuable inputs. like 4xpip, ranga, SG, tp.....
Again thanks to ST i have learned a lot from you.....
Many thanks to ST for starting this thread. I enjoyed reading even more than reading engg. subjects years back.
Also thanks to others who kept this thread alive and gave valuable inputs. like 4xpip, ranga, SG, tp.....
Again thanks to ST i have learned a lot from you.....
Last edited:
Dear ST/Seniors,
please view my trade in gold. I shorted gold on -ve divergence and red bar breaking out of narrow range made by previous 7 candles.
TF = 5 min
1) was my entry correct?
2) if yes, then price did not go down, instead remained in range for more than 30 candles before hitting my sl(not shown in image). how long one should wait to close the trade, if price dont go as per our expectation?
Please reply.
Thanks
please view my trade in gold. I shorted gold on -ve divergence and red bar breaking out of narrow range made by previous 7 candles.
TF = 5 min
1) was my entry correct?
2) if yes, then price did not go down, instead remained in range for more than 30 candles before hitting my sl(not shown in image). how long one should wait to close the trade, if price dont go as per our expectation?
Please reply.
Thanks
Dear ST/Seniors,
please view my trade in gold. I shorted gold on -ve divergence and red bar breaking out of narrow range made by previous 7 candles.
TF = 5 min
1) was my entry correct?
2) if yes, then price did not go down, instead remained in range for more than 30 candles before hitting my sl(not shown in image). how long one should wait to close the trade, if price dont go as per our expectation?
Please reply.
Thanks
please view my trade in gold. I shorted gold on -ve divergence and red bar breaking out of narrow range made by previous 7 candles.
TF = 5 min
1) was my entry correct?
2) if yes, then price did not go down, instead remained in range for more than 30 candles before hitting my sl(not shown in image). how long one should wait to close the trade, if price dont go as per our expectation?
Please reply.
Thanks
Trading both sides will work only in sideways trends. Trends is the main guiding force for all our trade decisions.
Smart_trade
If the market does not go in the direction of out trade, that means it does not want to go in that direction. The line of least resistance is up and not down. I will wait for maximum 5-6 bars and if the market does not breakdown in those 5-6 bars, it will alert us that the market is consolidating and getting ready to reverse and travel in the opposite direction. So will get into "look for profit booking" mode.
Once we know that market is refusing to go down, the trend is up, we will look for an opportunity to go long. Though the chart is not showing that, but I am sure it would give a positive divergence before taking off.
In such circumstances never wait for your stops to get hit....market is giving you signals to book small profits from your short trade....
What the market is doing and what it is not doing is much more important than any indicator.......
The above are general observations....but we understand what market is saying ( it has its own language though ) , it will put us much ahead in the game than the traders who just follow the signals.....
Smart_trade
Once we know that market is refusing to go down, the trend is up, we will look for an opportunity to go long. Though the chart is not showing that, but I am sure it would give a positive divergence before taking off.
In such circumstances never wait for your stops to get hit....market is giving you signals to book small profits from your short trade....
What the market is doing and what it is not doing is much more important than any indicator.......
The above are general observations....but we understand what market is saying ( it has its own language though ) , it will put us much ahead in the game than the traders who just follow the signals.....
Smart_trade
Dear ST,
there are two buy entry shown in below chart. TF = 5 min
(1) please tell they are correct. And I understand that one should be in market all the time with orders but still i fill i may have missed few trade in below chart.
(2) If yes, please mark it as you would have traded.
==15 min and 30 min TF were showing sideways trend during that time.
Please pardon if asking too many questions. I just want to clear my doubts.
there are two buy entry shown in below chart. TF = 5 min
(1) please tell they are correct. And I understand that one should be in market all the time with orders but still i fill i may have missed few trade in below chart.
(2) If yes, please mark it as you would have traded.
==15 min and 30 min TF were showing sideways trend during that time.
Please pardon if asking too many questions. I just want to clear my doubts.
Dear ST,
there are two buy entry shown in below chart. TF = 5 min
(1) please tell they are correct. And I understand that one should be in market all the time with orders but still i fill i may have missed few trade in below chart.
(2) If yes, please mark it as you would have traded.
==15 min and 30 min TF were showing sideways trend during that time.
Please pardon if asking too many questions. I just want to clear my doubts.
there are two buy entry shown in below chart. TF = 5 min
(1) please tell they are correct. And I understand that one should be in market all the time with orders but still i fill i may have missed few trade in below chart.
(2) If yes, please mark it as you would have traded.
==15 min and 30 min TF were showing sideways trend during that time.
Please pardon if asking too many questions. I just want to clear my doubts.
Smart_trade
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