U
Re: Todays Buy Levels
I am not competent enough to guide you.Softwares dont give Buy/Sell signals,there are some Black Box available which does but never tried it , heard those to be unreliable.
Pivot points & MA can also work on intraday,but things which work on EOD datas may always not work on Intraday.
Before changing your Time-Frame (from a relatively successful one ) would be foolish ,until you paper trade in NEW time frame ,get the Feel , & then verify in lots of past datas until you get confident.All of us (including self) only understand this after getting bashed by Mkt,the Time-Frame giving us money indirectly builds a false feeling that switching to a lower time-frame will give me more money FAST.
Hence my sincere suggestion Get Out from Intraday & move to EOD ( you have earned analysing on daily datas,revert to your wining state,very imp,becoz intraday bashing
leaves all of us in shattered state),after you get to happy state plz start lots of paper trade
back test it,allocate a sum from your wins for Intraday Loss ,when ready plunge again but limiting loss to that sum,do these process we will come out successful after few attempts.
Plz dont misunderstand me ,i loose frequently dont get swayed away with a Good looking Chart,boss more in actual Execution & conviction than a flick Chart.
I am not competent enough to guide you.Softwares dont give Buy/Sell signals,there are some Black Box available which does but never tried it , heard those to be unreliable.
Pivot points & MA can also work on intraday,but things which work on EOD datas may always not work on Intraday.
Before changing your Time-Frame (from a relatively successful one ) would be foolish ,until you paper trade in NEW time frame ,get the Feel , & then verify in lots of past datas until you get confident.All of us (including self) only understand this after getting bashed by Mkt,the Time-Frame giving us money indirectly builds a false feeling that switching to a lower time-frame will give me more money FAST.
Hence my sincere suggestion Get Out from Intraday & move to EOD ( you have earned analysing on daily datas,revert to your wining state,very imp,becoz intraday bashing
leaves all of us in shattered state),after you get to happy state plz start lots of paper trade
back test it,allocate a sum from your wins for Intraday Loss ,when ready plunge again but limiting loss to that sum,do these process we will come out successful after few attempts.
Plz dont misunderstand me ,i loose frequently dont get swayed away with a Good looking Chart,boss more in actual Execution & conviction than a flick Chart.
