iCharts Discussions

[vrushabh123]

hiiii casper...pl reply to my post as also learning TA wanna improve more... kotak bk is there des triangle in EOD pl confirm and BD is at 456 levels right...

[casper]

u r right brother, that's a descending triangle in kotak bank in eod and any close below 460 will confirm the pattern and 89 ema in eod is also present here so close below 460 will break it too

but plz post ur query directly on the thread. i think while posting u r clicking on new topic so another thread is opening, next time when u write any thing to me just click topic reply button , then the post will be on our thread

[vrushabh123]

Thanks casper.. n hve confusion relating 60 min tf do u wait for candle to close abv any BO/BD or u initiate trade as soon as it gives BO/BD..n for intraday 3 min or 5 min is suitable or better is 60 tf..

Thanks a lot for replying...Really appereciate ur effort..for helping others.

[casper]

nowadays due to higher volatility we are (sumesh and me) taking position only after actual candle close in 60 min tf. 60 min, being a higher tf is capable of indicating very reliable moves

the only prb here is sometime we cant get the full benefit with in a single trading session and have to carry on our holding over night

if u use lower tf then u will get faster yet shorter targets to be executed within intraday but that comes with too much whipsaw in this kinds of volatile days

generally speaking any tf below 5 min is not tht worthy, i hv experimented with shorter tf as low as 30 second tf also, as my attitude was like a scalper then. but i found any tf below 5in is not that good