My System - My trades.

[MEAG]

Varunji,

Do we trail Stop Loss in MACD strategy just like EMA crossover method i.e. trail SL to the price pivots formed below/above the 36 EMA in long/short respectively?
But if we wait for MACD to come below zero line and exit our long trade, a substantial amount of profits may vanish (as pointed in the image below): Green vertical line is entry and red vertical line is exit per MACD but one could have exited way earlier either when LVB low was breached or when price couldn't retrace back fro 36 EMA . Please guide. Thanks

 

[monkeybusiness]

Ajanta Pharma

 

[ankur07090]

Ajanta Pharma

MB bhai,
Images not available. Please post

 

[varunkochhar]

Too cool ji you do not need to take all the 30Adds. This is not a question paper where you have to take all questions. You can slow it down to your comfort. You donot need to earn 25lacs in 10 days. Even 2.5 lacs would be quite enough. Probably take more adds intraday and carryover the bare minimum to give you a peaceful sleep at night. Remember this is a market where opportunities abound all the time. The 30 adds were the maximum possible adds, you do not need to compete with anybody.

 

[arjun.panda]

Guys pls don't use tiny pic...use the upload file option in the website itself...

Sent from my SM-G930F using Tapatalk

 

[varunkochhar]

Varunji,

Do we trail Stop Loss in MACD strategy just like EMA crossover method i.e. trail SL to the price pivots formed below/above the 36 EMA in long/short respectively?
But if we wait for MACD to come below zero line and exit our long trade, a substantial amount of profits may vanish (as pointed in the image below): Green vertical line is entry and red vertical line is exit per MACD but one could have exited way earlier either when LVB low was breached or when price couldn't retrace back fro 36 EMA . Please guide. Thanks

View attachment 21864

Yes when you take the 1st trade then you should have some sl. That can be the last pivot low below 36EMA. And as per your charts the exit would have come roundabout the entry levels not where you have shown. (2 candles before that level where you have shown)

 

[MEAG]

Yes when you take the 1st trade then you should have some sl. That can be the last pivot low below 36EMA. And as per your charts the exit would have come roundabout the entry levels not where you have shown. (2 candles before that level where you have shown)

Means one has to exit the long trade only when MACD comes below Zero line.

Varunji, please correct me if I am wrong.

 

[varunkochhar]

Yes Meag ji otherwise we will never be confident of taking adds. There has to be a well defined start and a finish.

 

[varunkochhar]

Money B ji cannot see your charts.

 

[varunkochhar]

The rationalle behind taking these trades is the same. Price expands (so the 36EMA and 200EMA move apart from kissing each other). Major trend begins (in all the TF's ). Then we have retracements (where 4EMA and 12 EMA come close to each other) and then the Minor trend resumes again (the 4EMA and 12 EMA start moving apart) thus giving us an add in the minor trend. You all need to understand this or else you would always end up asking for tips.