ShreeKrishna

Long Set Up

Long
NSE:MRF   MRF LTD
246 views
6
One can wait for 2 Hour Strong Close before entering in trade and Look to book near the forecast
Trade active
Comment: People , Just dont buy or sell because some is Posting here or some is Giving a Call in Telegram/ Whats up Channel ,
1st determine what is your buy set up ?
What is your alternative view in case you bought as per your buy set up and trade failed ?
What is the risk level ?

Trading is not Just entering Trade with random feelings , its all about Plan , preparation , and meeting the success with highest Probability

I must have encountered more than 200 Personal Message asking me what to do ,

My friends i cant do anything for your errors , but what i can do is i can give you my personal opinion how you can handle your errors which have already occurred

99 % of people who are in this Trading view Community think they can follow anyone and take trades without any proper plan , and eventually they end up in wrong trades more than the right one ,

Plan your trades and wait for proper set up to form ,
Comment: One can book the profits from 61400 to 63150, long term view is still intact put the stop in Profits and let it go , if your stop is hit ignore it and then buy again with buy set up
Comment: it splashed out , we did got out with trailing stop , cant help
i will consider again for re-entering after this brief correction complete
if possible i will update here
The one who is weakest in Mind will look for commenting in others Chart with abusive Mentions , Reach me for your Quarries

wave.traders@yahoo.com

Comments

What's the timeframe for this view sir
Reply
ShreeKrishna sumit4uster
@sumit4uster, You mean when this trade will mature ?? You want to buy or sell Options ?
Reply
sumit4uster ShreeKrishna
@ShreeKrishna, yes sir... I have bought MRF aug future at 63200
Reply
ShreeKrishna sumit4uster
@sumit4uster, Why?? what was your Pre-defined stop ? what is your process of buying set up or short selling set up? did you hedge with Options ??
Reply
ShreeKrishna sumit4uster
@sumit4uster, Yes Now its moving up , Hold it , and dont trade without plan , Hold it with patience , if you are scared then Once price moves away form your buy level , Put the stop to cost and wait until it moves near to target and book voluntary
Reply
sir i think reversal candle formed (two dojis) is it right i am not taking call need your knowledge or strong close is defentely required????
Reply
ShreeKrishna Manoj_ooha
@Manoj_ooha, Wait for daily reversal in case you want to take the decision
Reply
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