Positioning yourself early in a trade has its obvious advantages. One of the challenges is the leg effect in moving averages and several indicators like MACD.
The trigger line (the black dotted line) in TTO is a critical lead indicator for an early positioning in a trade. As the trend change flows from a lower time frame to a higher time frame, taking a position based on the trigger line crossover can make a big difference in the trade profitability plus it keeps you on the right side of the overall trend.
For an exit, wait for the next crossover in the opposite direction to book profit instead of using a trailing stop.
The strong trending moves in Nifty continues, as we wait for an exit signal for long trade entered at 6239.
