Learn How To Fish
- Thread starter VJAY
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Good going Mukesh....nice to see someone started to trade correctly(or you paper trading)....Is it 5 min chart?Please watch high volume range bars ..it will help to you lower TSL ...just watch some days you can get what am saying.....here why you stick to hit SL as today RBI day ..I avoided to look chart after my 1st trade....
Dear vivek,
Trading experience helps in this scenerio ...with experience you need to make some rules ...any way I shared one rule in initial posts itself....when after vertical move its better to avoid trades up to price settle itself....
1.here if you taking trade then there was one mph before your entry....
2.There was breakout failure so you need to make some rules to move stops when BOF
Otherthan that your markings are okey...and in last bars you must long abv VPH which might given good profit
(if you not avoided RBI day )
Trading experience helps in this scenerio ...with experience you need to make some rules ...any way I shared one rule in initial posts itself....when after vertical move its better to avoid trades up to price settle itself....
1.here if you taking trade then there was one mph before your entry....
2.There was breakout failure so you need to make some rules to move stops when BOF
Otherthan that your markings are okey...and in last bars you must long abv VPH which might given good profit
(if you not avoided RBI day )
Dear vivek,
Trading experience helps in this scenerio ...with experience you need to make some rules ...any way I shared one rule in initial posts itself....when after vertical move its better to avoid trades up to price settle itself....
1.here if you taking trade then there was one mph before your entry....
2.There was breakout failure so you need to make some rules to move stops when BOF
Otherthan that your markings are okey...and in last bars you must long abv VPH which might given good profit(if you not avoided RBI day )
Trading experience helps in this scenerio ...with experience you need to make some rules ...any way I shared one rule in initial posts itself....when after vertical move its better to avoid trades up to price settle itself....
1.here if you taking trade then there was one mph before your entry....
2.There was breakout failure so you need to make some rules to move stops when BOF
Otherthan that your markings are okey...and in last bars you must long abv VPH which might given good profit
(if you not avoided RBI day )
Initial stop always @ mp's and moving stop also @ mp's except in break out/down failures,high volume range bars,visual closing I made my own rule
These are initial stop points of last month.....
47,63,91,45,49,75,83,42,40,56,37,26,36,27,45,47,37,29,56,32,109,41,59,51,35,106,46,48,55,40,45,43,76,48,42,46,55,42
These are initial stop points of last month.....
47,63,91,45,49,75,83,42,40,56,37,26,36,27,45,47,37,29,56,32,109,41,59,51,35,106,46,48,55,40,45,43,76,48,42,46,55,42
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