NSE:TATAGLOBAL
HOW TO EXIT THIS TRADE ?
THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM .
WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND .
FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED .
HOW TO FIND THE STOP ?
STOP = CMP - 2*(ATR)
FOR EXAMPLE ON THE CURRENT DAY :
CMP - 253.45
ATR - 8.3
STOP = (253.45) - 2*(8.3)
= 253.45 - 16.6
= 236.85
NOW , ON THE NEXT BAR FORMATION THE PRICE AND THE AVERAGE TRUE RANGE WILL CHANGE AND SO WILL YOUR STOP , AND THUS YOUR STOP WILL KEEP SHIFTING IN THE DIRECTION OF THE TREND , NARROWING DOWN YOUR RISK AND KEEPING YOUR PROFIT SAFE .
HOW TO EXIT THIS TRADE ?
THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM .
WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND .
FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED .
HOW TO FIND THE STOP ?
STOP = CMP - 2*(ATR)
FOR EXAMPLE ON THE CURRENT DAY :
CMP - 253.45
ATR - 8.3
STOP = (253.45) - 2*(8.3)
= 253.45 - 16.6
= 236.85
NOW , ON THE NEXT BAR FORMATION THE PRICE AND THE AVERAGE TRUE RANGE WILL CHANGE AND SO WILL YOUR STOP , AND THUS YOUR STOP WILL KEEP SHIFTING IN THE DIRECTION OF THE TREND , NARROWING DOWN YOUR RISK AND KEEPING YOUR PROFIT SAFE .