2 MA Method- easier part of "Pivot Method"

[Subhadip]

Let me see my chart. Will reply.

 

[fnoQ]

Let me see my chart. Will reply.

ok bhai , thanks .

 

[PreSap]

Subhadip bro please have a look and do your valuble comments , today taken mmtc at 61.70 keeping sl 60.85 .

Hi fnoQ,

Did you take this trade based on 2ma or some other method?
I cannot understand how this would be a buy according to 2ma system.

Let us know, if time permits.

Thanks

 

[fnoQ]

Hi fnoQ,

Did you take this trade based on 2ma or some other method?
I cannot understand how this would be a buy according to 2ma system.

if we assume daily candle today abv MA s and we will keep that pivot low na ? but here put sl as hourly pivot low . one bottom trendline support there, let see ( dont know right or wrong , waiting for our seniors , fellow traders to comment abt this

Bro as already told i dont know whether doing properly , right or wrong , but what i think is , assume if daily canldes abv 2 MA s and in hourly canldes also abv 2 MA when trade taken , but if after taken suddenly due to some reasons fall , we are holding the trade keeping daily canldes low a sl for initially na ? im just thinking of that taken as sl is near / low . but dont know right or wrong asked for seniors, , but now stock in up (fluke! if trade taken wrong ), holding let see will move up or down ,

 

[Subhadip]

As per my chart Daily

Market in sideways..consolidation....in Daily..

 

[Subhadip]

Bro as already told i dont know whether doing properly , right or wrong , but what i think is , assume if daily canldes abv 2 MA s and in hourly canldes also abv 2 MA when trade taken , but if after taken suddenly due to some reasons fall , we are holding the trade keeping daily canldes low a sl for initially na ? im just thinking of that taken as sl is near / low . but dont know right or wrong asked for seniors, , but now stock in up (fluke! if trade taken wrong ), holding let see will move up or down ,

if price above both line in Hourly as well as in daily, then it is as per Method...

But in the method also says do not trade when in sideways..

 

[fnoQ]

if price above both line in Hourly as well as in daily, then it is as per Method...

But in the method also says do not trade when in sideways..

Thanks Subhadip bhai , though trade not taken as per method ,somehow trade is in gain now , so put sl sell order at 62.50 , here after will look for proper conditions.

 

[Subhadip]

Thanks Subhadip bhai , though trade not taken as per method ,somehow trade is in gain now , so put sl sell order at 62.50 , here after will look for proper conditions.

Enjoy the gain...it may break up side & break the sideways in upside also..

Be optimistic...

Broader trend is up..

 

[fnoQ]

ok bhai , SL sell order executed , though exited in gain , :thumb: looking for another one this time looking for fulfill our conditions .

 

[fnoQ]

may be will get entry in monday, tuesday