The only problem with buy at 5310 is that conservative
stop is too far below at 5260.... aggressive at 5280. So the risk reward ratio
becomes an issue here, for a minimum 1:1 also you need 5375 target. Other wise
trade, though profitable, but looking from risk reward perspective it’s a weak
one.
Trading is nothing short of speculation and people who treat it as intelligent speculation have a fair chance of doing well.The posts in this blog are nothing but notes I am making for myself. I welcome serious discussion on TA from like minded people and willing to share whatever little knowledge I have of TA. Nothing on this site should ever be interpreted as advice, research or an invitation to buy or sell any securities.
TRADE LESS TRADE SMART!!!
Hit me with brickbats at mbhagra@yahoo.com
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