With the recent crash in global markets & Indian markets traders and investors are in dilemma: 1# Is this a normal correction which has ended ? Or 2# Are we heading for an intermediate downtrend ? Or 3# Is this a start of bear market ?
All types of opinions will be appreciated. Traders who know Technical Analysis please add their valuable comments.
It all depends on your take on markets -
short-term, medium-term or intraday etc…
You will get your own strategy, once you seek answers to the above such questions.
So intraday strategy was Buy On Dips today and made some profit by Scalping 10 times in NF. 8 times Long + 2 times Short, all with 20 Pts Stop-Loss.
Thanks @rj07 and @Vasant_Patil@Lets_Invest
Moving average cross over is good strategy to start with. It has its own pros and cons, like every other strategy.
Positional trades could be considered, instead of day trading.
The currency markets are quite difficult to predict but the good thing is that you can take profit from both bullish and bearish trends. So you need to focus on the trend for your trades in order to get the success on these markets. Do you people agree with me?