Buy above 748 with the stoploss of 743. Targets are 753, 758, 765 and 769. Sell below 743 with the stoploss of 748. Targets are 738, 733 and 727. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
@abbasl7, Welcome. Read my analysis, but trade based on your trading plan.
abbasl7
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@vanathi, Sure. That's the way I do. I keep looking at Volume, ADX, MCAD, and EMA while doing anything. :)
I generally wait till "opening noise " is subsided before I trade, but today I felt like I did it a bit too early. So had a doubt if it wasn't a right decision for a while.
abbasl7
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@abbasl7, One question though.
Your comment says Trade Active: Long. What does Long indicate?
I thought it meant "looking beyond Intraday".