Trades using Moving averages

[augubhai]

Short @ 5535

 

[augubhai]

I have been trading my ORB system successfully for a couple of years. It gives just one trade per day, and can be done over mobile phones without any charts. The only problem with the ORB system is the whipsaws. I have had whipsaws that lasted 2 months - every day a loss, except for 4-5 days of profit in between.

Due to this background - I prefer systems that have an early entry, no add (full positions initially), far Stop Losses, and no profit booking. In the ORB system, what I found is that it is best to set in early, and get out late, with far Stop Losses.

So I am not very comfortable with what I am doing now. But then I was not comfortable with the ORB system also initially.

 

[augubhai]

Stp Loss at 5540

 

[augubhai]

Stop Loss @ 5537

 

[augubhai]

Stop Loss @ 5533

 

[augubhai]

Stop Loss @ 5530

 

[augubhai]

SL hit @ 5530

 

[vallabh_joy123]

Good call I exit at 5518 profit 14 point thanks

 

[augubhai]

Good call I exit at 5518 profit 14 point thanks

Really? How did you do that? I see 5522 as the low on both NOW and PIB.

 

[vallabh_joy123]

sorry dear.. i always track on cash... so that i write 5518

but actual i exit on 5523.80..

I short at 5538.2

after brokerage my profit is 12.5 point