Day Trading Futures
- Thread starter manishchan
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Hey that would be done by the Europeans and Americans .... 
Us Indians meanwhile, stand firmly behind Russia, our long term ally and legitimate Russian interests in Crimea as acknowledged by our foreign minister ????
Us Indians meanwhile, stand firmly behind Russia, our long term ally and legitimate Russian interests in Crimea
as acknowledged by our foreign minister ????
Hey that would be done by the Europeans and Americans ....
Us Indians meanwhile, stand firmly behind Russia, our long term ally and legitimate Russian interests in Crimea as acknowledged by our foreign minister
Us Indians meanwhile, stand firmly behind Russia, our long term ally and legitimate Russian interests in Crimea as acknowledged by our foreign minister
and same should be in case of Crimea .. India should be neutral not to support anyone either Americans or Russians .. when see anyone of them is winning then ride on them and say we were always with you .. like us trader who are neither bull or bear .. but whoever win we are with them
on the other hand see Pakistan did after independence .. they took favor of americans openly ..and sided with Americans in Cold war .. and they are paying that cost till now and will pay more
Hi ST,
One small doubt, you are saying that you would exit if
a)If 'A' is a PH candle with high at 10000 and body close and 9990 and you have entered at PH break at 10010. Will you exit when the next candle closes below 10000(closes below high of the candle) and the closing candle low is taken down or closes below the body high of the candle which is 9990(like in case of failure and rejection) and the closing candle low is taken out.
Or
b)If 'A' is pivot high candle which has high at 10000, and the long is taken out in candle 'B' and you exit if the low of the entry candle 'B' is taken down.
Sorry just curious to learn the next thing.
One small doubt, you are saying that you would exit if
a)If 'A' is a PH candle with high at 10000 and body close and 9990 and you have entered at PH break at 10010. Will you exit when the next candle closes below 10000(closes below high of the candle) and the closing candle low is taken down or closes below the body high of the candle which is 9990(like in case of failure and rejection) and the closing candle low is taken out.
Or
b)If 'A' is pivot high candle which has high at 10000, and the long is taken out in candle 'B' and you exit if the low of the entry candle 'B' is taken down.
Sorry just curious to learn the next thing
.
ST
Posting 2 cases of Early Exits. These are only for illustrations ( as actually there is no sell signal there...)
Point A is a pivot low and when it is broken, we go short at the level marked by red line. Our usual stop is at a level marked by Black line. Market closes above the PL level in bar B indicating that the breakdown is a suspect so we cover our short positions at the level marked by Acqua line without waiting for our stoploss at black line to get hit. This saves on stoploss by 50 % or more.
A word of caution here. It is a method based on the principle that if breakout/breakdown is unsuccessful indicated by bar closing in the range, then it is wise to exit at earliest sign of trade not working out. But it sometimes gives false exits and hence needs re-entry.Overall I found this method to suit my mindset of low stops and high rewards trades. But at times these exits become frustrating ( like anything else in trading
)....so it may not work well for everyone.Smart_trade
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