January 29, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 10652
- AD was flat

5 min charts:
- trend was already down
- break of day's low was one more sell signal... did not trade
- this trade got stopped out

Note when a market starts trading in a small range, the kplswing indicator can give whipsaws. Infact, all indicators will fail.

A solution is to increase the parameter value (N in this case, from 20 to say 30)

Conversely when profits come faster than expected, reduce the value of  N from 20 to say 10

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