Thanks Anantji, I understood about add/re-entry and Quadra chart but still not able to get the bottom part of the chart which explains AWS; what's QUADRAHIST? Quadra is clear to me, but AWS not yet QUadrahist More info please .....
**************
Makarand,
Add is Buying again when you are already holding position. When you have entered in a trade based on an earlier trigger and after the price increases for some days and then falls for a short period but starts rising again without triggering Stop loss or Sell, then you buy some more. This is adding.
On the other hand if the TSL is triggered and you exit, and then price starts rising without triggering Sell then you enter again. This is Re-entry. So, Re-entry is not exactly a new Buy.
MM Rules have to be followed for Adds and Re-entry also.
DIVISLAB chart attached with notes. AWS alert comes a few days ahead of buy trigger in Standard Quadra. If you keep the stock in watch list based on the AWS, most of the time, the Buying happens on the day when Standard Quadra gives a BUY trigger. But in Standard Quadra the Buying happens at least one day later. (Same is the case with Exits).
I hope it is clear from the chart below. If you have any queries I will be happy to answer.
-Anant
Makarand,
Add is Buying again when you are already holding position. When you have entered in a trade based on an earlier trigger and after the price increases for some days and then falls for a short period but starts rising again without triggering Stop loss or Sell, then you buy some more. This is adding.
On the other hand if the TSL is triggered and you exit, and then price starts rising without triggering Sell then you enter again. This is Re-entry. So, Re-entry is not exactly a new Buy.
MM Rules have to be followed for Adds and Re-entry also.
DIVISLAB chart attached with notes. AWS alert comes a few days ahead of buy trigger in Standard Quadra. If you keep the stock in watch list based on the AWS, most of the time, the Buying happens on the day when Standard Quadra gives a BUY trigger. But in Standard Quadra the Buying happens at least one day later. (Same is the case with Exits).
I hope it is clear from the chart below. If you have any queries I will be happy to answer.
-Anant