Hi Traderji friends,Instead of posting on different threads i have started my own thread to discuss my own trading style.any suggestion are heartily welcomed:clapping:. I like to teach my trading strategy to traderji member,hope it will help you :sos:
1. Lines above the signal candle are buy target lines and lines below the sell signal candles are sell target lines.
2.For STOP LOSS i use to refer the chain
Note : before the target is reaching if we get scissor we exit our position.
The Money flow index (MFI) is an oscillator that ranges from 0 to 100. It is used to show the money flow.Positive Money flow say above 20 and rising indicates the money is flowing into the script,so we can take long and same as for below 80 mark, since it calculated on price and volume,yet it is powerful when you find divergence.:cheers:
The Money flow index (MFI) is an oscillator that ranges from 0 to 100. It is used to show the money flow.Positive Money flow say above 20 and rising indicates the money is flowing into the script,so we can take long and same as for below 80 mark, since it calculated on price and volume,yet it is powerful when you find divergence.:cheers:
hi laotze,
That's right ,but its like jumping without hooks,i use it for bottom pick's.:thumb: Yesterday crude oil moved lower even there is a good ISM data,Its a smart money anyway carried away the market.