NIFTY 1M CHART
1)DRAWN FIBONACCI LEVELS, PRICE AT 0.50% LEVEL & RED CANDLE CLOSED BELOW 20EMA AND TOOK ENTRY WITHOUT POWERLEG SWING LOW BREAK SETUP( THIS IS SUGAR PROBLEM)
2) 2ND ENTRY TOOK AT 78.6% SAME SUGAR PROBLEM , IT NOT FORMED SWING LOW BREAKS SETUP
3)
NIFTY PUT POSITION BUY AND SELL ENTRIES - SUGAR PROBLEM
CONCLUSION AND IMPROVEMENTS
1) DONT TRADE WHAT YOU THINK & TRADE BASED ON WHAT YOU SEE
2) PUT BUY PRICE IS NOT EVEN CLOSSED ABOVE 20EMA OF 1MIN CHART , ALL ARE BELOW 20/20 EMA, SO STRICT RULE IS IF YOU WANT BUY POSITION IT SHOULD BE ABOVE 20/50 EMA ATLEAST IN 1MIN CHART. DONT BE SUGAR PATIENT WHILE TAKING THE ENTRIES
3) ON EXPIRY DAYS , PREMIUMS WILL DECAY FAST IF SCRIPT GOES REVERSE DIRECTION, HENCE IF MARKET MOVING OUR EXPECTED SIDE THEN PRICE WILL START MOVING AND CLOSSED ABOVE OF 20/50 EMA THEN TAKE RE-ENTRY ONCE IT CLOSED ABOVE 20/50 EMA.
2ND ENTRY : PUT STOPLOSS BUY ORDER AT POWERLEG HIGH AND RIDE THE TRADE TILL END OF TREND
USE EMA 8 LINE FOR EXIT
WHAT IF YOU TAKE RE-ENTRY - 222 POINTS- 65*222=14400+ PROFIT CAPTURE MISSED
1) DONT TAKE EARLY ENTRIES & TAKE ENTRIES ONLY ON ABOVE OF 20/50 EMA OF 1MIN CHAR at least then only we can understand its respective retracement & don’t buy blindly at 78.6% or 61.8%
2) DONT AVERAGE LOOSING POSITION BASED ON HOPE
3) TAKE SECOND ENTRY ONCE PRICE MOVED ABOVE TO 20/50 EMA AND RICE THE TRADE TILL END OF TREND.
4) ONCE PRICE STARTED TO HUGE MOMENTUM THEN DRAW EMA 8 AND RIDE THE TRADE TILL END OF TREND & CLOSE THE POSITION ONLY ONCE PRICE CLOSED BELOW EMA 8 OF 1MIN CHART, DONT EXIT EARLY WITH FEAR
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