Dear Columbus,
Here is today's 5min MINIFTY-1 chart :
1. At the places marked as 1 and 2, the SMA-20 line has cut the EMA-2L line alone.
2. In between these two places, upper BB(20,1) has cut the EMA-2H line alone.
Though it means that the trend is about to end, the uptrend in fact has continued
for some more time and made a new peak.
I would like you to suggest possible steps to be taken at such places.
Do we keep tighter stop losses or do we exit the trade there?
Here is today's 5min MINIFTY-1 chart :
1. At the places marked as 1 and 2, the SMA-20 line has cut the EMA-2L line alone.
2. In between these two places, upper BB(20,1) has cut the EMA-2H line alone.
Though it means that the trend is about to end, the uptrend in fact has continued
for some more time and made a new peak.
I would like you to suggest possible steps to be taken at such places.
Do we keep tighter stop losses or do we exit the trade there?