Trading With CrossOver And BB

[nitu20]

Upper BB is pierced. Should we go short if next bar is a red bar on 5 min TF or long if next bar is a green bar again on 5 min TF.

 

[SavantGarde]

Prasad,

Yes Adds Will Give Good Profits In A Trending Market But Will Increase Your Losses In A Choppy Market.

Happy & Safer Trading

SavantGarde

Ya doc.

the SL is fine. we can continue use it. but, the filter need to be fixed atleast once in a week, based on ATR.

regarding the damage because of adds, the adds, gave good profits earlier. is in't it?

But, let us try scaling out today. that is taking two positions at the begining and booking partial profit, let us say at high of the entry bar + ATR. , SL at previous bar - ATR.

prasad.

 

[prasadam]

Upper BB is pierced. Should we go short if next bar is a red bar on 5 min TF or long if next bar is a green bar again on 5 min TF.

you are right. :clap:

but, take confirmation from 15 min. TF.

 

[prasadam]

long 3648.( 2 lots.)

SL 3617. (3637-20.)

 

[SavantGarde]

Priyank,

If The Upper Shadow / Wick Is Longish & You Have Green Bar Then Avoid Taking Long Position.

SavantGarde

Upper BB is pierced. Should we go short if next bar is a red bar on 5 min TF or long if next bar is a green bar again on 5 min TF.

 

[prasadam]

Prasad,

Yes Adds Will Give Good Profits In A Trending Market But Will Increase Your Losses In A Choppy Market.

Happy & Safer Trading

SavantGarde

True.

but, how do I know whether the day will be trending day or choppy day.?
is there any way to predict it?

even today, which we are expecting to be a choppy day, may turn out to be trending day.

just my thoughts.

 

[nitu20]

Savant,
You are talking about the Upper Shadow of 1st bar(pierced) or the 2nd bar(also pierced) on 5 min TF?
Smiles:
Priyank

 

[prasadam]

sell order 1 lot 3673 ( entry bar high +20) - 1lot.

SL 10.45 low - 20.( 2 lots)

 

[SavantGarde]

Priyank,

Not The Bar That Pierced, I Am Talking About The Next Bar After Piercing

SavantGarde

Savant,
You are talking about the Upper Shadow of 1st bar(pierced) or the 2nd bar(also pierced) on 5 min TF?
Smiles:
Priyank

 

[nitu20]

Had short @ 3647 as 3rd bar on 15 min TF(And alos on 5 min TF) was red after 2nd bar also pierced the upper BB. SL triggred @ 3657. Now no trade in hand. Waiting for the cross over.

Today should we trade on same 15 min TF or as Savant said in the morning on 10 min TF.