PT Bro,
Yes...we are dealing only with the Avg Price of the previous day and if the 15 min price candle/bar closes above the avg price u need to enter on the trade. But this is for Intraday only based on yday EOD avg price.
Yes NO TA/FA as u said....just playing price close above the close of previous Avg Price.
Cheers,
Karthik
Yes...we are dealing only with the Avg Price of the previous day and if the 15 min price candle/bar closes above the avg price u need to enter on the trade. But this is for Intraday only based on yday EOD avg price.
Yes NO TA/FA as u said....just playing price close above the close of previous Avg Price.
Cheers,
Karthik
Just one doubt
If say, a candle touches the av line and closes above and we go long with candle low as SL. now,subsequent candle doesnt either reach the target or hits stop loss. instead ,it again touches the av line and closes BELOW it. Now do we reverse position to short with new target and SL or continue to hold the original LONG till target/SL is hit
Rangarajan-kindly contribute as it seems you are also following the method
Thanks