Hi Rishiji,
With regard to your opening post in this discussion I have a few questions --
1. You have suggested: "3) pyramiding always on upscale & not on downscale, whenever price retraces into long ma's or deep into short ma's, add to positions.
(a) When I tried to practice this, I found that at times short-term traders get their way and so instead of prices retracing, they keep moving through the long-term averages. How to ensure I do not get caught on the other side of the trend?
(b) And why we should not pyramid in downtrend?
2. You have suggested that Guppy “Cannot be applied to all trending stocks”. Kindly elaborate and can Nifty Futures be traded with Guppy?
Regards,
Rakesh
With regard to your opening post in this discussion I have a few questions --
1. You have suggested: "3) pyramiding always on upscale & not on downscale, whenever price retraces into long ma's or deep into short ma's, add to positions.
(a) When I tried to practice this, I found that at times short-term traders get their way and so instead of prices retracing, they keep moving through the long-term averages. How to ensure I do not get caught on the other side of the trend?
(b) And why we should not pyramid in downtrend?
2. You have suggested that Guppy “Cannot be applied to all trending stocks”. Kindly elaborate and can Nifty Futures be traded with Guppy?
Regards,
Rakesh
