In chat, we had 2 discussion which i like to mention here.
1st discussion
Risk reward ration
Last week, we had short around 5222 with SL as 5240, so 18 points.
NF made low of 5153 & then reversed from there & also SL hit without touching GFZ bottom.
SH, exited @ 5160, reason he was getting around 62 points against 18 points as SL. So as per him it was RR as 1:4. So he exited, a perfect exit
So he said we should book some profit around R2 & Exit around R4.j
SH,
Correct if i am wrong.
2nd discussion
How to calculate GFZ
Check where is 17 ema in 30 mins / daily.
Add % +/- on either side & you will get GFZ upper & bottom.
it is that simple
, really. This will be useful to who do not have live chart to see GFZ.
Hope this will help.