The picture given below consisting of nine charts (read from 1 to 9 in that order) is from one of my scalping trades I did last week. The idea here to show is that if we keep things simple like trend lines and good old Dow Theory of HH’s and HL’s and vice versa we can have good trading set ups. The biggest drawback to this system; is believing in the system itself. Who the hell wants a simple set up like this when we have a wide gamut of indicators to choose from! KISS …any takers????
3 comments:
You are great in your analysis sir, KISS again i liked it.
P.S. -- which version of Meta are you using sir.NHNL indicator is externally added or it comes with Meta.
Regards,
Vipin.
hi manoj bhai ( eagles here )
WOnderful trades...KISS any takers ??? well here is one who would take it hands full..
Saurabh
did u notice that today's low was bang on the lower trendline...Manoj bhai as per i read triangles are more often a continuation pattern..and on daily time frame the trend was down so probably we are heading for a breakdown ....what say ???
( oh i know that i should not taken a future view as that becomes a predicting business then , but still it was itching my mind ) :)
Saurabh
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