Trading With CrossOver And BB

[docvijay4u]

Profit Booking Is Always Confusing Rather Than Entry Or Exit I Think Roughly 40-50 Points Partial Profit Booking Is Good But If In Confusion Some How We Should Lock With Trailing S/L.

Let Me Know Your Opinion May Be When You'r Free.....

Thanks..

Doc.

again dilemma.

4 consecutive bearish bars. If next bar opens as bullish bar, what to do?

book partial profit? or just wait out for crossover?

 

[moto143]

Hey Doc..check Today's Nifty 5 mins TF chart..see the Big red bar at 12 PM pierced the lower BB..so it indicated reversal right? but in this case it didn't happen..Or was my interpretation of the charts is wrong?

 

[prasadam]

Doc.

again dilemma.

4 consecutive bearish bars. If next bar opens as bullish bar, what to do?

book partial profit? or just wait out for crossover?

waited for the crossover and paid the penalty.

covered 2 lots and long 1 lot at 3673.

 

[prasadam]

add @ 3674.

at the open of the the bar after 4 bullish bars.

but following add rule.

 

[docvijay4u]

Dear Moto Piercing BB Doesn't Indicate Trend Reversal (Atleast Here We Don't Use It As Primary Indicator), Just Price Retrace Little Bit. It's A Quick Deal Never Stretch It Too Long, Quickly Grab Points As Prasad Said 'You Have To Be On Your Toes.' As You Can See Some Consolidation On Consequent 4 Bars In Row After Drop Down There You Should Close Position.

It Require Experience I Never Try It Except In My Forex Demo Account. For More In Depth Knowledge Please Visit Columbus Sir Thread On BB-

http://www.traderji.com/day-trading/27421-bollingerbands.html

Hey Doc..check Today's Nifty 5 mins TF chart..see the Big red bar at 12 PM pierced the lower BB..so it indicated reversal right? but in this case it didn't happen..Or was my interpretation of the charts is wrong?

 

[prasadam]

priyank.

have you reversed the position.?

 

[nitu20]

priyank.

have you reversed the position.?

Yes I booked profit @ 3637 and bought again @ 3682

Market is too much volatile. In this type of market I think we should decide upon some % of profit/loss against our capital.

 

[docvijay4u]

WRB's Always Kill The Profit Doesn't Matter On Which Side They Stand.

Do You Remember This Is Happened Before (DejaVu) I Think 2nd Day Of Our Discussion Here But At The End Trade Was Profitable Even with Initial Loss Of 40 Points. Let Us Hope The Best!!!:thumb:

Thanks.

add @ 3674.

at the open of the the bar after 4 bullish bars.

but following add rule.

 

[docvijay4u]

But Not Always SomeTimes They Help Too....

WRB's Always Kill The Profit Doesn't Matter On Which Side They Stand

Thanks.

 

[prasadam]

Yes I booked profit @ 3637 and bought again @ 3682

Market is too much volatile. In this type of market I think we should decide upon some % of profit/loss against our capital.

Good.:clapping:

any rule for profit booking?

BTW, these three days, 13, 14 & 15 may markets will be more volatile, because of the exit polls etc., so, it is better to book profits at the earliest.