hello
please accept my warm wishes !
i want to make a trading system based on price action .
the criteria for long and short is defined already however i am more interested in making a complete trading system .
the system is mainly suitable for equities the time frame is eod .
A long signal if today's close > yesterday high --- entry can be taken at day's end or next days morning
A short signal if today's close < yesterday's low .entry can be taken at day's end or next days morning
Need profit booking , targets
More imp how to add up or scale up and scale down .
Most imp finding the supp and resistance levels .
at this stage i am not requesting coding as for me more imp in my views is defining the abv concepts .
the esteemed members of this forum is requested to shed their insights into the above system .
i am also attaching an image of a chart which is not related to above trading system but gives an idea as to how the support and resistance shud look like and as to how scaling up cud be done .
rgds
sumit bhatia
please accept my warm wishes !
i want to make a trading system based on price action .
the criteria for long and short is defined already however i am more interested in making a complete trading system .
the system is mainly suitable for equities the time frame is eod .
A long signal if today's close > yesterday high --- entry can be taken at day's end or next days morning
A short signal if today's close < yesterday's low .entry can be taken at day's end or next days morning
Need profit booking , targets
More imp how to add up or scale up and scale down .
Most imp finding the supp and resistance levels .
at this stage i am not requesting coding as for me more imp in my views is defining the abv concepts .
the esteemed members of this forum is requested to shed their insights into the above system .
i am also attaching an image of a chart which is not related to above trading system but gives an idea as to how the support and resistance shud look like and as to how scaling up cud be done .
rgds
sumit bhatia
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