jackson_philips
Long

215 is possible now

NSE:IRB   IRB INFRASTRUCTURE
123 views
3
215 is possible now
Aug 01
Trade closed: stop reached: Get out while you still cann

Comments

in my view trend line is insignificant , what is required is follow through after an bullish candle is formed , and it must confirm by brake of its high with in next 2 candle , if it does not brake and comes down then , surely the trend is having an issue of further moving in the direction where the brake out is happened
Regards
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jackson_philips I-Fund-Trader
@I-Fund-Trader, This is something that I need to look at. Thanx for the input..
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I-Fund-Trader jackson_philips
@jackson_philips, Hope You have understood the True Meaning of Trend Follow through , Now its time to buy as it has pulled back and made significant small Narrow body Candle , That means at this point of time the selling is being absorbed completely , its high likely move up for Next Leg up , Look for 1 Hour Bullish Reversal or Bullish Candle and Brake of the High with in Next 2 candle you can enter the trade(put buy stop order above the high with few pips difference) , stop is very simple the very purpose of your trade is continuation of the trend , so the stop must be below the candle high brake , after 2 Hour it should be under the low of Trigger candle which brakes the high of reversal candle , keep trailing the stop after 3 Hours it should be in Positive , that means Cost + few pips , if your stop is taken out , Not a big deal , go again with bullish reversal same thing repeats ,
Regards
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jackson_philips I-Fund-Trader
@I-Fund-Trader, Yes, Thank you. I really appreciate you giving me these inputs
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I-Fund-Trader jackson_philips
@jackson_philips, and Jakson , it exactly happened as i said , did you miss the entry ?? always look for impulse , thats why I am Money Rain , ha ha
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jackson_philips I-Fund-Trader
@I-Fund-Trader, I din't get this trade. Got Stopped out. Thanx or the knowledge though.
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