Nitin,
It is not a question of Vinod's one is good or bad,he is posting the thing regularly to instill confidence in us,i wanted to bring to notice that a Specific type Entry / Exit (that specific type may have lots of flaw etc,whatever it may be) ; following everyday ;can give us profit.
Now i find your one has given more points,very good go ahead with that,follow it regularly like a robot & reap the benifit,let us jump from the drawing board to actual arena.Before jumping design / redesign with all type of eventuality,but once satisfied let us plunge.
Asish
aah..never meant to be for comparision...mine one is not thoroughly tested..thought will get some questions on my stop and entry and will remove the many errors out thr.
Vinod's one is real time...and mine one was just a simulation, I tried to find the stop and entry , used by him , couldnt co-relate so executed with mine..happy to see it is giving a bit more but again confidence will come once I am out playing it at real time. Never did mechanical trade like this and Vinod's thread has given me enough enthu n confi to start with.
I am still going with the simulation , day by day, setting my exit n entry and then seeing the day ahead.
Some query which i would like to bring forward :
1) Once I am in trade, my exit become tighter day by day, and once mkt become rangebound , say for just 2-3 days, i am giving my exit very tight. Sometime it helps me to protect my profit but again sometime I am quitting too early. I am confused here...am i mixing my emotion here?
2) Does fibonacci retrace works on very short period ( like if EODs then 4-7 days )? bcz I m using this as one of my tool for exit n entry.
3) Can you suggest some other tools to test for support and resistance?
Regards
Nitin
