Dear Kiran, How is the journey using dp's in crude oil. Is it profitable. My stop loss 10rs hitting and giving 1k loss each time entering trade. What is your stop loss. Regards, Nagendra.
I believe DP is working in crude the same way as it works in Nifty except for the events of which we already know the timings.
As far as profit is concerned, it all depends on how one applies his hands on the method.
In my view, The Stop Loss of 10rs is low and will surely be hit most of the time. As has been said by ST and URD, SL should be kept hidden behind the DP. If the SL is within our RR ratio, we can take the trade otherwise wait to see the price action on another DP.
Though I have been in markets for long, am still a newbie in DP method.I have found it to be better than whatever I have used till now.
Dear Kiran,
ReplyDeleteHow is the journey using dp's in crude oil. Is it profitable.
My stop loss 10rs hitting and giving 1k loss each time entering trade. What is your stop loss.
Regards,
Nagendra.
Dear Nagendra,
ReplyDeleteThanks for your comments.
I believe DP is working in crude the same way as it works in Nifty except for the events of which we already know the timings.
As far as profit is concerned, it all depends on how one applies his hands on the method.
In my view, The Stop Loss of 10rs is low and will surely be hit most of the time.
As has been said by ST and URD, SL should be kept hidden behind the DP. If the SL is within our RR ratio, we can take the trade otherwise wait to see the price action on another DP.
Though I have been in markets for long, am still a newbie in DP method.I have found it to be better than whatever I have used till now.
Regards.