Thanks for the reply but I was not sure about this exit since 1. there was no negative divergence, 2. price would have bounced back since it did not remain below OS for > 5 bars.
I think you are suggesting because position was in profit as I was entered in morning. (But nobody likes to take small profit. ). Or it was not a stock for going long for intraday?
Regards.
I think you are suggesting because position was in profit as I was entered in morning. (But nobody likes to take small profit. ). Or it was not a stock for going long for intraday?
Regards.
With DLF yesterday, the low of the big bar (11:35) could have been a stoploss if you had taken a trade early in the morning.
With 21EMA, I have found that when it starts changing color, it's time to be very cautious. A full bar above or below this can be a decider.
For daytrading, I am looking forward to SG's reply to this post in another thread.