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@abhishek
ReplyDeleteHi,I can see that you deal with intraday trades.
Any idea how much is the "average profit per trade" for intraday traders generally (hope I am not sounding too technical!).
In that hypothetical example of ICICI bank 20 rs profit we get around 1.8 percent profit(adding leverage will be 18% approx).Will this be above average profit?.Do you know any site/ blog,where I can find backtested or actual results for intraday trades?
Getting to know the "average profit per trade" for intraday trades will help in setting right expectation from the markets.What's your experience with respect to this?
EMA 200 in 5 minutes TF...
I must have given that SAR under trending conditions for swing trades,for that specific day.
For intraday trades try to use EMA 200 in 1 minute TF will work...but as I said before that it will be very choppy in sideways market(like today afternoon trades).Key to good intraday trades is to identify trading setups and breakout zone on EOD basis.
So it's EOD homework that matters than playing "fastest finger first" during intraday trades (JMO)...:))
Cheers
@ Anouj,
ReplyDeleteHi,
Thanks for update & detail reply.
@ ANUJ,
ReplyDeleteHi Good eve.
I am using icahrts- for ATR parameters are 14,
so is it need any change for daily analys? or what
parameters you are using for ATR ?
Thanks.
@abhishek
ReplyDeleteHi good evening...
14 is fine...For short term trends you can use your lucky number!
What's your lucky number?