Let me start again after a long gap updating this blog with this 123 strategy I came
across today . After reading it looked quite simple to follow so followed it in live market .
One can read about it at http://www.tradeprofitably.com/The_1-2-3_Breakout_Trading_System.html
this gave me clear 20 points today in a long position taken around 12:46 time and trailing the SL.
The black line after 2 shows the entry point at 5028 .
and then subsequent TSL.
EOD 7th June
| Important Lvls for the Day 7th June EOD | |||
| Day TF | Values | Hour TF | Values |
| 5Dema | 4,964.3 | 5Hema | 5038 |
| 5Hema | 4,983 | 5HHema | 5047 |
| 5Lema | 4,910 | 5HLema | 5028 |
| Day Pivot | 5039 | ||
| 21 hr MA | 4960.7 | ||
| 34 Hr MA | 5005.9 | ||
| 10Dema | 4,942.3 | ||
| Last Close | 5050 | ||
Day and hour trend up and we have closed above DHema as well HHema indicating upside momentum gaining strength .
5 Dema has crossed over 10 Dema indicating bullishness.
Also to watch is that 20 MA is approching 200 MA . It will result in Fast fall if 20 turns down soon ( chart below )
Also to watch is that 20 MA is approching 200 MA . It will result in Fast fall if 20 turns down soon ( chart below )
and If 20 crosses over 200 then more upside.
