1. Best indication for uptrend is a Higher Low and a Higher High....then we buy at the next dip when stochastic get's bullish crossover....similarly for a downtrend LH-LL...
Hey Timepass, KID and Aditya, Rafi....can you guys lighten my work of scan...
Let us collect 20 best stock charts which are swinging on Weekly TF....making Higher Highs and Lows....large cap/mid cap/small cap....so that we can trade them in the LONG side....
It works on all TFs but higher the TF better is the accuracy of the trade, but irony is that nearly all newbies start with 5 min 15 min etc..just because they want to risk very less.....small TFs are very prone to news/manipulation...but weekly TREND or monthly TF can digest so many things easily.
If you go through the whole thread you would see i do the same thing again and again...
I am looking to buy the dip in base metals. The fall below the 20dma should be used to buy with possibly a 10 point stop expecting new highs for this uptrend in 2-3 weeks time..
I am looking to buy the dip in base metals. The fall below the 20dma should be used to buy with possibly a 10 point stop expecting new highs for this uptrend in 2-3 weeks time..