: Two magical ideas to increase profit and decrease loss....
0.take the trade (of course)
1. Auto stoploss
2. Not checking "score" price for Atleast next 2 hours
Murli: After putting SL, I go for sleep and watch the end result at 7am (US Time)
: This is amazing way, though.strongly endorse
: whenever in profit, and if in fear of losing it, never book it simply....put auto limit stoploss for sma 15 and leave it.....this way u will be safe as well as have a decent chance of letting the profit run.....friendly advise
: pardon me for taking the liberty to ask it.....i hope all know what is a limit stop loss auto bid in trading software....
: i am asking this because if u know just this one simple procedure it will be ensured that even if u lose in trading often u will never quit it simply because of occasional disastrous trading decision
Guru Mysore: Js ji in what time frame ??
: any time frame.....sma 15 broadly takes care of all.......for positional lineral trades, sma 50 may be used instead
: sma 15 will mean different values for 5min chart, 30min chart, 1day tick chart, 1 week tick chart....
Guru Mysore: Yes true...hence asked
: 200 day moving average, eg, is different from sma 200 for 5min tick chart....
Guru Mysore: I usually prefer 89ema in five min chart...
Guru Mysore: They help a lot
: use any sma.....same purpose is solved....actually ur trading method/system automatically adopts to the sma value......but, IMO, never keep changing the sma setup. u can use 2 or 3 combination sets also, but once u have experimented and finalized the values best suited to ur thinking and trading, stick to them.....i earlier used sma 8/34 heavily.....then gradually shifted to sma 15/50 and thereafter stuck to it
Guru Mysore: Thank you Js ji 🙏
Sanket Talathi Netherlands: EMA will also give same results???
: if u ask me to rate technical indicators 1 to 10, then sma will be at no.1
Vikram Bangalore: Js sir... have read ur 8-34 deadly combination artical....
: if all technical indicators are stopped by some software blackout, then u can trade with sma alone without too much sacrifice of accuracy after a little bit of adjustment
Guru Mysore: I read one beautiful line about trendlines....it even captures the raising inflation with it..(long time frame charts)
: ema will also give almost same results.....
Guru Mysore: Also read ema will give gud results if its less than 100 bars and above it nothing to beat SMA
: if i am forced to trade even without sma, and without any terminal.....i can still trade without anxiety with auto limit stoploss
Devender Malhotra Rewari: I too prefer 89 Ema and 20 sma in 5 mins..
Guru Mysore: Mechanical trading → emotion less trading
: a commando father of one of my friends had the following distinction.....he could face/handle/counter any dog barehanded, and a large cat (leopard etc) with just one strong stick...."use ur head, use technique and practice it" was his credo line......how wonderfully adapts to trading as well!!!
: there is no real advancement ("in the trading also") without a crisis.........as goes a saying
: our trading positions should be disaster-proof and surprise-friendly.....self talk
: because both are there aplenty in the market....
: traders should always dare to carry a (safety)pin in the pocket to test the operators' balloon as and when it touches our nose
0.take the trade (of course)
1. Auto stoploss
2. Not checking "score" price for Atleast next 2 hours
Murli: After putting SL, I go for sleep and watch the end result at 7am (US Time)
: This is amazing way, though.strongly endorse
: whenever in profit, and if in fear of losing it, never book it simply....put auto limit stoploss for sma 15 and leave it.....this way u will be safe as well as have a decent chance of letting the profit run.....friendly advise
: pardon me for taking the liberty to ask it.....i hope all know what is a limit stop loss auto bid in trading software....
: i am asking this because if u know just this one simple procedure it will be ensured that even if u lose in trading often u will never quit it simply because of occasional disastrous trading decision
Guru Mysore: Js ji in what time frame ??
: any time frame.....sma 15 broadly takes care of all.......for positional lineral trades, sma 50 may be used instead
: sma 15 will mean different values for 5min chart, 30min chart, 1day tick chart, 1 week tick chart....
Guru Mysore: Yes true...hence asked
: 200 day moving average, eg, is different from sma 200 for 5min tick chart....
Guru Mysore: I usually prefer 89ema in five min chart...
Guru Mysore: They help a lot
: use any sma.....same purpose is solved....actually ur trading method/system automatically adopts to the sma value......but, IMO, never keep changing the sma setup. u can use 2 or 3 combination sets also, but once u have experimented and finalized the values best suited to ur thinking and trading, stick to them.....i earlier used sma 8/34 heavily.....then gradually shifted to sma 15/50 and thereafter stuck to it
Guru Mysore: Thank you Js ji 🙏
Sanket Talathi Netherlands: EMA will also give same results???
: if u ask me to rate technical indicators 1 to 10, then sma will be at no.1
Vikram Bangalore: Js sir... have read ur 8-34 deadly combination artical....
: if all technical indicators are stopped by some software blackout, then u can trade with sma alone without too much sacrifice of accuracy after a little bit of adjustment
Guru Mysore: I read one beautiful line about trendlines....it even captures the raising inflation with it..(long time frame charts)
: ema will also give almost same results.....
Guru Mysore: Also read ema will give gud results if its less than 100 bars and above it nothing to beat SMA
: if i am forced to trade even without sma, and without any terminal.....i can still trade without anxiety with auto limit stoploss
Devender Malhotra Rewari: I too prefer 89 Ema and 20 sma in 5 mins..
Guru Mysore: Mechanical trading → emotion less trading
: a commando father of one of my friends had the following distinction.....he could face/handle/counter any dog barehanded, and a large cat (leopard etc) with just one strong stick...."use ur head, use technique and practice it" was his credo line......how wonderfully adapts to trading as well!!!
: there is no real advancement ("in the trading also") without a crisis.........as goes a saying
: our trading positions should be disaster-proof and surprise-friendly.....self talk
: because both are there aplenty in the market....
: traders should always dare to carry a (safety)pin in the pocket to test the operators' balloon as and when it touches our nose
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