Manoj
My views,
If you are trading intraday, entry and exit both should be on the same time frame eg: If entry is on 15 min time frame, exit should also be on 15 mins.
Stop loss can be on any time frame , there is no perfect stop loss.
Some examples of stop losses are
1)Major swing high's and swing lows,
2)Day high and day low,
3)Support and resistances.
4)Time stop.
There are many ways to trail a stop, though all are not 100% effective , but most will get you a decent profit.Some ways to trail stop are
1)Parabolic SAR
2)Major swing high's and swing lows,
3)Support and resistances.
4)Moving averages,
5)Trendlines,
6)Candlestick patterns.
The important point is whether to trail a stop or book full profits.That is a call you have to take based on your Risk-Reward ratio.
My views,
If you are trading intraday, entry and exit both should be on the same time frame eg: If entry is on 15 min time frame, exit should also be on 15 mins.
Stop loss can be on any time frame , there is no perfect stop loss.
Some examples of stop losses are
1)Major swing high's and swing lows,
2)Day high and day low,
3)Support and resistances.
4)Time stop.
There are many ways to trail a stop, though all are not 100% effective , but most will get you a decent profit.Some ways to trail stop are
1)Parabolic SAR
2)Major swing high's and swing lows,
3)Support and resistances.
4)Moving averages,
5)Trendlines,
6)Candlestick patterns.
The important point is whether to trail a stop or book full profits.That is a call you have to take based on your Risk-Reward ratio.
