MCX Intraday Breakout Calls by Tamil Trader

Tamil trader

Well-Known Member
#16
hello vinoth nice to see ur call
pls post calls here for crude oil intraday iam to follow it and trade based on it . so pls post here:clap::clap::clap::clap:
Sure.. sure.. sure.. i will definetly post my intraday calls here.. but stop loss should be below 5 minutes bar close only... so mind it...
 

sparun

Active Member
#17
as soon as i buy or sell i will put stop loss order is it right method ? when the price comes near target only i will place my target order is it right or i have to wait for the 5 min closing candle for stop loss . if i wait for 5 min closing candle the price may close below the stop loss and the loss will be heavy pls reply
 

Tamil trader

Well-Known Member
#19
as soon as i buy or sell i will put stop loss order is it right method ? when the price comes near target only i will place my target order is it right or i have to wait for the 5 min closing candle for stop loss . if i wait for 5 min closing candle the price may close below the stop loss and the loss will be heavy pls reply
No you should wait for 5 minutes candle close. then only, you can be clear with trend. dont worry about 5 to 10 points difference in making losses. trend is only very important. if you did not mind 5 minutes closing, target will be done after stop loss order triggering.

so no need to put stop loss order. and wait for 5 minutes candle close, and then place stop loss order. because here, call is given with amibroker signal softwares. so 5 minutes closing is considered as very important one
 

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?