Sorry to say, but I am more confused than I was before this chart was posted!
Considering that we took 1st position of long above 8th Jan only(though we were in fact Long much before that)... our SL, i.e 4 days LL is hit on 10th, we go short on 11th, but why exit on 15th the place marked by you as" booked loss here" the 4 days HH LL was not breached!!??
Again the short has been covered around 23rd or 24th , there also the 4 days HH LL are not breached!!!
Please reply per your convenience!!!
Regards.
-R K Karnani
Considering that we took 1st position of long above 8th Jan only(though we were in fact Long much before that)... our SL, i.e 4 days LL is hit on 10th, we go short on 11th, but why exit on 15th the place marked by you as" booked loss here" the 4 days HH LL was not breached!!??
Again the short has been covered around 23rd or 24th , there also the 4 days HH LL are not breached!!!
Please reply per your convenience!!!
Regards.
-R K Karnani
Exit: For longs break of past 4 day's HL; For shorts past 4 day's LH
You are looking at HH and LL for exits hence the confusion
8th Jan buy break of 6292(4day low formed on 4th Jan)
9 Jan exit longs at 6214 as the HL of the past 4 days breached.
11 Jan short break of 6141
14 Jan cover as 6225 the LH of past 4 days broke.
15 Jan Short break of 6115
Covered at 4997 the breach of 4DLH