There 2 things discussed in chat but not mentioned here.
1st discussion
We out of trade in 2 cases
1. 30 mins GFZ touched twice
2. Bull/Bear SAR hit but differnce between price & Bull/Bear SAR is > 100 points.
We take trade
when 15 ema touch & bullish/bearish candle closed above(long position)/below(short position). Here SH added new rule, after bullish/bearish candle, price should break high/low of this candle then only we should take the trade. This rule is added to have less whipsaws.
2nd discussion
Originally Posted by Tradewithhunter
Dear all - adding the Exit, re-entries rules.
Pyramiding later.
Exit rules when trade running in profit
Profits should also be booked in case 3 EMA has not touched the daily candle in two consecutive days (3EMA reversal rule)
Happy trading and Cheers !
SH
SH,
I have question on one of the exit rule.
I just want to whether we need to exit @ open (because here we are talking about intraday strategy) or have to wait till EOD for this rule ?
Today in daily 3 ema has left @ close also.
SH, said it can be intraday but most powerful will be EOD.
Please correct me if i am wrong
If there is any other important discussion, please post here.