1.I believe Gunsho........that entry on 05/29/2012 is a valid 15 EMA Reentry......yea its stoploss would be broken on the next black candle.......
SH would be able to confirm this.
2. Alright if that is the case.... then people should have shorted below low of first candle........or is it that first piercing candle from 15 ema towards the short side........... with its high above 15 ema is not considered......and only next black candle is considered........
Hi guys
29/5 there was no valid 15 EMA entry... the white candle high was 5002 and the next candle did not breach its highs .. so no buys triggered .. in fact the next candle breached the low on the white candle so the white candle got negated..... there was no buy trade and therefore no SL hit
dont understand the second question .. on 31st May we gapped down below SAR ... short not taken because the SL was very high (5010).. on 31st May we got 15 EMA kiss .. then we also got a black candle close below 15 EMA ... but again the lows of that black candle were not breached... in fact again the next candle went above the highs of black candle and hence negated it ... no trade on 31st May either.
1st June is when we got our valid trade ...
If there is any confusion .. join us on skype where all traders trade live
Cheers
SH