May 28, 2020

Market outlook

Daily charts:
- trend is sideways
- both long and short signals have failed
- this is normal after a huge move

- today market closed 2% in positive at 9490
- AD was 2:1

- my rules for any indicator based trade /market are simple
- trade the signal but keep SL around  or 5 bar low (for a long signal and vice versa)
- this keeps losses small and at same time helps ride the range.
- above works for any timeframe say 5 min, 15 min or daily or weekly charts etc

5 min charts

15 min charts

30 min charts

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