Re: Time to Stick my Neck Out ,Nifty 7300
CircleZee,
60min charts are now in an uptrend,Daily charts not yet........All intradays are in an uptrend.
Therefore,come what may,we will NOT short..........except if you are nimble and a great scalper.Other than that,no shorts.......Now,you have 1 trade.You could buy above the first 5min high bar with a SL below the low of the bar.That trade got stopped out..........that should have been it!
Yep,had a mini "breakdown".......but rules wise,no shorts.So nothing but that stopped out trade thus far.
If you are holding overnights and looking at the 30min or 60min charts,nothing so far to tell you that you've gotta panic and bolt.......a basically nothing day,sideways,consolidating,nothing else day......So far!
All the best!
Saint