- trend is sideways
- both long and short signals have failed
- this is normal after a huge move
- today market closed 2% in positive at 9490
- AD was 2:1
- my rules for any indicator based trade /market are simple
- trade the signal but keep SL around or 5 bar low (for a long signal and vice versa)
- this keeps losses small and at same time helps ride the range.
- above works for any timeframe say 5 min, 15 min or daily or weekly charts etc
5 min charts
15 min charts
30 min charts
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