Buy position was closed at 10:00 close .
At 11:00 as we see above we get a sell generated . Applying filter of 10 pts we carry the position thru out the day and eod also it says to carry the position . Owing to the fact that we have now 2 trading holidays and then sat sun , long weekend ...one could have chosen to close the position with no loss today itself and look for another opportunity to enter on monday .
It is now individual s approach .
Month , Week , Day trend s are Up ...Hour trend is down .
My eyes are on hour trend to see ....
1) If hour trend is strong enough to change the day trend to go down .
2) we will get a good chance to enter Longs as prices start to close above hour high ema and then momentum picks up .
5 comments:
Dear Smita,
Good Morning.
Is applying filter of 10 points on which price? I mean close, high or entry price. kindly clarify.
Thank you.
Dayakar ji ,
Filter is on close price with respect to high / low / 34 ema / 5 ema.
Dear Smita,
Good Morning.
How are you.
Are you okey.
GoodMorning Dayakar ji ,
Hope all is well . Thanks for asking , I will be out travelling , and will be back only in june 1st week . Untill then summer vacations for me as well.
Hi Smita,
I stumbled into your webpage today and really liked your work.Very simple and effective.
I want to know how you update the data ,is it manual or automatic? If auto ,how do you do it?
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