u can do tht
but the prob with wht u said is
its on 3 min chart
within 3 min the price would have gone almost 5 to 7 points in of break up or down
I THINK KHUSHI WOULD BE THE BEST PERSON TO GIVE US THE SOLUTION
Yeah. I agree with waiting solution from expert.
That is why Indicators have Variable Parameters( Like Khushi's MACD Setting (10,25,4 ) was far better than my earlier ( 10,26,9)), which can be tuned to forecast.
I would do what Raj singh mentioned.
Besides here are my views :
1. If its trending in Bearish / Bullish, then switch to 2-min instead of 3-min as
otherwise you might lose many more points.
2. Under Choppy / Sideways, if trend is clear ( meaning bearishness /
bullishness build up ), then safe to take position and reverse trade if
required.
Don't rely 100% on any INDICATOR. Just before entering position, Confirm MACD + Level + TREND to avoid whipsaws.