Hi All,
I started a couple months back with Nifty futures. Went up by 30k but April was a shitty month. Adjusted strategy and at breakeven now.
I find it hard to place a profit target. I've tried using ATR, opening volume, first hour volume as an indicator but it seems i still miss out ~40 points on some days. I'm realistic and am ok with leaving ~20 pts on the table but leaving more than 40 hurts.
If someone has any ideas on the same, will be good to know. I guess essentially what i'm looking for is how to determine trend strength. Personally not a big fan of technical indicators as i believe they give more false positives. Any ideas on how to read volume more correctly could help.
I started a couple months back with Nifty futures. Went up by 30k but April was a shitty month. Adjusted strategy and at breakeven now.
I find it hard to place a profit target. I've tried using ATR, opening volume, first hour volume as an indicator but it seems i still miss out ~40 points on some days. I'm realistic and am ok with leaving ~20 pts on the table but leaving more than 40 hurts.
If someone has any ideas on the same, will be good to know. I guess essentially what i'm looking for is how to determine trend strength. Personally not a big fan of technical indicators as i believe they give more false positives. Any ideas on how to read volume more correctly could help.
