Re: Time to Stick my Neck Out ,Nifty 7300
I never got short signal. Can you tell me when did you get that short signal. If I remember correct, your rule is one close should be above upper band and next close should be below that upper band.
Hello, u are absolutely correct!!! It so happened I exited my trade of short yesterday before the indicator told me to and there after I was out for almost 50/60 points without getting a reentry. I approached rkkarnani in the night, he was kind enough to chat with me for over 40 minutes. Apert from the reprimends he advised me try out something to get an early entry in case of early exit.... he gave me the formula to draw a line between the hi and low band, its waht he calls an average band. He said this may be used fot reentry only if a bar is totally away from the band, the bar's hi lo are not at all in contact with the band, after such scenario if a bar closes above the middle band (in case of getting a short trade, as was the case today) go short below the bar closing below the middle band. Today the 10.20 bar closed above the middle band and and 10.30 bar just managed to close below the middle band, I went short below the low minus filter of this bar.
I am sorry , got up late and did not have time to post this info.... Thanks for pointing it out.
Regards
-Gautam
ps.: Your commentshave always helped in either revising my lessons or rechecking my trades for errors. Thanks !!!!!
