Kumudhan ji even my ribbon changed colour many times. Now how do i explain to you. Okay so you have understood why i took my 1st trade. (It was because the ribbon turned red right). At that time i had a clear and well defined stop right. Then the colour changed to blue. You do not do anything then just wait for your stop to be hit. It did not right. Then again the colour of the ribbon changed to red. You took another short (an add). Right. Now you were short with 2 lots. Your SL would have also come down with this add. Now you kept on doing this (adding to your shorts) everytime the colour changed to red till you were stopped out of your trade. Have you got it.
So after opening we have to wait for 1st change in ribbon color. As soon as this change leads to red, we short with sl based on prev high seen during blue ribbon?
Next we wait for sl hit, and don't exit even if both ribbons turns blue? Exit only if sl hit?
We trail with new sl formed due to this blue again changing to red....
Anyone pls answer for these 4 points.
Thanks.
Trailing sl part is clear to me...that day in hindalco chart trail sl and adds were explained..
entry conditions only is the issue.....
Thanks for the patience .