My Answer is "No"...
If you go as per Level and if you know the entry level.....Then...you can walk without any problem....
Price always gives you the first indication of reversal trend.....there you should act/enter, keeping "Proper Stoploss" and wait for your target.....
Take example of 8500 put.....Price gone inside the Level on 26th December and closed above.....confirms the Trend Changing.... (Go and Read my 24th Post....i have mentioned this same chart without level....8th Cycle reversal...)
Within two days it hit the top of the Band.........(But...everyone talking Nifty has fallen because of "Surgical Operation"against pakistan)......
My point is well in advance, before the "Surgical Operation" price has intimated the trend change......this news has added to that and Nifty Fallen...
Conclusion : With patience ....if you trade based on trend changing places.....risk is almost within your control....
Learn and Earn....
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