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Hello Vikram
From your chart, it seems you would get decent gains if you had taken the third entry after the first 2 getting stopped out.
Have you checked with other charts, if yes, what was your observation from those other examples? According to you how many stops in a row would make a system unuseable?
Regards
Sanjay
From your chart, it seems you would get decent gains if you had taken the third entry after the first 2 getting stopped out.
Have you checked with other charts, if yes, what was your observation from those other examples? According to you how many stops in a row would make a system unuseable?
Regards
Sanjay
will try to apply on sum other chart & post it.
the question is not how many stops in a row.say u hold a future position according to the chart ive given & u loose 2 times in a row.wud u be in a position mentally to take the 3rd trade.
also if u put too tight stops then there are more chances to be stopped out on a good winning trade,so u have to give sum leaveway.
i am attaching the renko chart of aban with a brick size = 100 with the indicator on top of it.i think the stuf is self explanatory
so the thing to be considered is :
1)if i trade a simple renko which takes me 1 min to understand,i win most of the time with stop below the 1st brick
2)shud i go for indicators & oscillators & stuff like tht.
3)can u take a trade solely on the kol meet indicator or u have to use sumthing else in conjunction with it.
for ex : ive read in books candlesicks works best with stochastics.
wht do u suggest????
N.B. wanted to clear sum doubts of mine regarding the renko.
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