My System - My trades.

[wisp]

Wisp ji we only look to go long at good opportunities till we are in an uptrend which can be gauged by not going under the last confluence of LV Bar lines. The Time to sell all came at around the price equivalent of 25100 in this upmove from 23200 as per OBV.

Varunji, My doubt is about the above chart. Would you not have exited in the yellow lines marked below? Thanks a lot

 

[varunkochhar]

If you have 2 different accounts then there also may be a case where say you are long in 1lot off 5min. Charts and short with 1 + 2 Adds in say 1min.charts (Trading a minor trend within a major trend) That initself (the profit from shorts) would bring down your cost of acquisition of the longs. May sound confusing to start with but just try to paper trade and you would get the hang of it. It is much more lucrative and easier with options. You are efectively trading the trends across various time frames and booking profits when sl hits.

 

[varunkochhar]

You could do that but then you would have had to buy it again when it went up again. It is much better to trail it by the last credible low rather than exiting at each signal.

 

[varunkochhar]

You could do that but then you would have had to buy it again when it went up again. It is much better to trail it by the last credible low rather than exiting at each signal.

Wisp ji this is in reply to your querry.

 

[wisp]

You could do that but then you would have had to buy it again when it went up again. It is much better to trail it by the last credible low rather than exiting at each signal.

Thanks Varunji. How do you determine the last credible low? Thanks again

 

[varunkochhar]

So in a nutshell you are trading the same instrument across various time frames as per the signal of that time frame from the point when the EMA's converge. You treat each trade as a separate trade giving respect to the sl thrown up by the system for that particular trade. You exit your position only when you hit a SL not earlier.

 

[monkeybusiness]

Though it is hindsight now, may be we can use trend line to determine credible loes?

 

[varunkochhar]

The lows are established when you take out an earlier swing high. The lowest point between these 2 swing highs is the credible low.

 

[varunkochhar]

Though it is hindsight now, may be we can use trend line to determine credible loes?

Wow Money B ji look at what your trendline has thrown up. The exact point from where the markets reversed on Friday. You are a genius.

 

[wisp]

The lows are established when you take out an earlier swing high. The lowest point between these 2 swing highs is the credible low.

Thanks a lot Varunji. If credible low is taken out, then where should we reenter?