Trading Analysis for 08th May
1. Taken short as the cross over happens
2. Exit shorts because of cross over and taken long position (loss 18 points)
3. Again caught on whipsaw covered long (loss 20 points)
4. For this crossover, I would take positions, once the 5 EMA broken 30 EMA and the second candle bar has to close higher than the first bar, in this point, it is not broken that level!
My bad luck, due to power problems here, I traded only the first 2 trades and ends losses in both, but as you can see the 3rd trade signals @ 5090 level for short and till the end it doesn't break the trend and gives around 100 points in profit! :thumb:
So, at the end of the day, it still gives profit points!!
No. of trades done: 2
Total points: 38 points (loss)
1. Taken short as the cross over happens
2. Exit shorts because of cross over and taken long position (loss 18 points)
3. Again caught on whipsaw covered long (loss 20 points)
4. For this crossover, I would take positions, once the 5 EMA broken 30 EMA and the second candle bar has to close higher than the first bar, in this point, it is not broken that level!
My bad luck, due to power problems here, I traded only the first 2 trades and ends losses in both, but as you can see the 3rd trade signals @ 5090 level for short and till the end it doesn't break the trend and gives around 100 points in profit! :thumb:
So, at the end of the day, it still gives profit points!!
No. of trades done: 2
Total points: 38 points (loss)