which brokerage do u use...nifty can be traded during US night time so its good that...please let me knoe more info... do u use vol chart. which platform...
Hi, cool thread. If I may I like to ask about the closing price to which significance is assigned here. Why do you find the close important? What does the close mean in the bars you use? On daily and weekly charts I can clearly see why the close should have importance, at least in theory. These closes happen at session and trading week endings and there might be some urgency involved before market close. The closing price on volume bars or tick bars just happens to be the price when the volume or tick limit is reached. Similarly on x-minute bars - the close is just the price when the bar is running out of time. Why do you find that such closing prices have importance? I'm no daytrading expert, so I hope you don't mind the question. Thanks.
Scaling out on the ER2 long swing for +8.50 If we get a closing bar ABOVE the downtrend line of the flag, and I see a future tick go above it, I will fortify the position and will be looking for nothing short of 25 points for the future as target with a trailing stop. Anek