timepass Moderator Jul 10, 2017 #2 Jul 10, 2017 #2 How come the charts show shorts/longs at extreme positions ?? I am guessing that the line is Supertrend indicator. Why not initiate position when the indicator changes direction ?
How come the charts show shorts/longs at extreme positions ?? I am guessing that the line is Supertrend indicator. Why not initiate position when the indicator changes direction ?
suri112000 Well-Known Member Jul 10, 2017 #3 Jul 10, 2017 #3 timepass said: How come the charts show shorts/longs at extreme positions ?? I am guessing that the line is Supertrend indicator. Why not initiate position when the indicator changes direction ? Click to expand... Last Nifty trade gave a total of 4832 points in 2+1+1 lots. Banknifty trade gave a total of 14173 points in 2+1+1 lots. Logic is based on large swings. Signal looks silly in short sight.
timepass said: How come the charts show shorts/longs at extreme positions ?? I am guessing that the line is Supertrend indicator. Why not initiate position when the indicator changes direction ? Click to expand... Last Nifty trade gave a total of 4832 points in 2+1+1 lots. Banknifty trade gave a total of 14173 points in 2+1+1 lots. Logic is based on large swings. Signal looks silly in short sight.
timepass Moderator Jul 10, 2017 #4 Jul 10, 2017 #4 Ok. Great performance in the past. Just asked. That supertrend indicator on 1 hour, what are the parameters ? And the question stays, when do you decide to take a trade after the signal occurs ?
Ok. Great performance in the past. Just asked. That supertrend indicator on 1 hour, what are the parameters ? And the question stays, when do you decide to take a trade after the signal occurs ?
suri112000 Well-Known Member Jul 10, 2017 #5 Jul 10, 2017 #5 The indicator works as mere risk control. You can see the actual signals in Red and Green arrows which are clearly printed on the charts.
The indicator works as mere risk control. You can see the actual signals in Red and Green arrows which are clearly printed on the charts.
karthik_sri Well-Known Member Jul 20, 2017 #7 Jul 20, 2017 #7 I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low...
I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low...
M marimuthu13 Well-Known Member Jul 20, 2017 #8 Jul 20, 2017 #8 karthik_sri said: I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low... Click to expand... very sharp...
karthik_sri said: I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low... Click to expand... very sharp...
M marimuthu13 Well-Known Member Jul 20, 2017 #9 Jul 20, 2017 #9 And also for banknifty and Nifty, it would be better to trade with 30 min trend for positonal.. for MCX , 1 hour trend will work
And also for banknifty and Nifty, it would be better to trade with 30 min trend for positonal.. for MCX , 1 hour trend will work
suri112000 Well-Known Member Jul 21, 2017 #10 Jul 21, 2017 #10 karthik_sri said: I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low... Click to expand... I appreciate your assumption. But I suggest you to wait for some more days to know the actual basis of the signals.
karthik_sri said: I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low... Click to expand... I appreciate your assumption. But I suggest you to wait for some more days to know the actual basis of the signals.