#McDowell
IF breaks "706", would wait for strength to emerge above "712" for entry.
IF holds "706", an aggressive entry with a confirmation of a move past 713, for a move towards 730-740 zone.
More from Van Ilango (JustNifty)
His simple mechanical system of MACD multi t/f with 4 Hour setting seems to remove whipsaws & is producing amazing result with #Nifty
Experience speaks - you listen and adopt
Develop patience to wait for such good set up. Now trail your SL once price has gains https://t.co/jC8tcrZ0Cv
Book mark this and revisit every day or every week till you get it right as a trader. Coming from an experienced trader like @MaverickAmit01 , it's priceless.
— Van Ilango (JustNifty) (@JustNifty) July 31, 2021
Wish we had it when we started out.\U0001f64f https://t.co/0NYKqedy9w
Only 2 signals - Buy & Sell
There is no stop loss in this system.
There could be some wild swings in prices like on "Budget Day" - In such a scenario, Keep 30 - 50 points below 21Sma to avoid big DD
It's a SAR system
how to take stop loss..? low of prev candle?
— ABHINAV JAIN (@abhijain017) February 9, 2022
I use MACD for reversal points only.
Do not follow it at every 5 minute.
Yesterday and today both we had MACD divergence . Yet market was just continuing in the opposite direction . Can you please what to do in such case ? . For eg - today I was unable to go long because there was divergence . Same case was for yesterday . Can you please guide .\U0001f64f pic.twitter.com/vfqy8dRAU2
— Mehul (@MehulGarodia9) May 20, 2022
More from Mcdowell
Holding 660 & 680, poised for big run in the days, weeks & months ahead.
Volume goes with rises
Thank you.\U0001f64f
— Van Ilango (JustNifty) (@JustNifty) August 18, 2021
A fresh input for you. #McDowell
A major triangle break out in the coming months.
Presently poised to move out of recent consolidation pic.twitter.com/J15F06ODUq
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