My System - My trades.
- Thread starter varunkochhar
- Start date
coming back to the 2 charts posted. If we had taken a short as per signal in 20Tick, we would not have got any adds and would have exited at sl with a loss of say 10 points. On the other hand when we got a buy in 5ticks, we got 2 adds too to come out with 80 points profit. Leaving us with 70 points with no position in hand. Just takes common sense to trade not empty words.
If you beleive in yourself and your systems then billions is just a milestone. Some people do it and others are always skeptical and wonder how. Remember the turtles. They did not have any broker or inside information only charts and yet they did it. If seeing is beleiving then all i can say is that some people are really blind.
To settle the debate as when to add and when not to. Well my 2 cents are the adds are most profitable on the onset of a trend. We had discussed when does a trend start (it may be a minor but tradeable trend) It starts after the EMA's converge. Arjun ji had rightly pointed when the EMA's had converged today. You have to be patient and wait for this next convergence after the EMA's have spread apart. Many times after a big gap up/down the price behaviour just does not merit adds as the EMA's have more often than not run up too fast.
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