Premise: 1. A Hidden Bullish Divergence will form on the hourly 2. Price will return to the green zone for a bullish retrace Execution: 1. Enter Long from 6196 to 6110 2. Stop Loss at 6000 3. Target 6734 Result: 1. 5.98:1 Reward:Risk trade.
First of 100 test trades in the Indian stock market. Out of 100, if I can successfully pull off 75 trades, I will enter the market.
Premise: 1. Price will attempt to make a higher high, but fail 2. SRSI will produce a hidden bearish divergence at 7500 3. Price will not do this in one candle Execution: 1. Enter short 7500-7550, 2. Stop at 7608, 3. Target 7257. Result: 1. 2.52:1 RR trade
Chart as is it is, I recommend reading about Wyckoff patterns here: www.girolamoaloe.com Ideal short is 8413 with a stop at 8500.
Standard OTE move to correct H1 and hopefully H4, Daily is trying to pullback and a local low was made, hence my decision to short. Will be scaling in this region.
Buy at the red price point, and forget about it for a month.
Localized trading range based off fibs. Upper green zone is hedge short zone, lower green zone is long zone.
Chart is self explanatory.
D1 Regular Bullish Divergence. Good buy now, sell when SRSI daily is overbought
Hoping to scale in green region, stop and target marked. Sitting in a long and need a bigger fill on it - hence this play. This will result in the SRSI on daily going oversold, completing a higher low on daily and a bullish divergence, so it fits in a little bit. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Play from earlier... : Weird how life works...
Trading the trend on this one. Expecting stop hunt for overleveraged shorts, I want to see the H1 and H4 SRSI maxed out ideally in this range (although there's a possibility that price will only wick this level). Barting is not ruled out. I am going to exit some of my hedge here to make room for this short.
Long 6096 down to 5914, stop 5785, target 7900. Idea is based off a possible invalidation of the bearish divergence and SRSI bottoming out to make a higher low on price while a lower low on SRSI is made, causing a Hidden Bullish Divergence. Range should be hit sometime on Friday in India. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Lower timeframe long is...
Daily bearish divergence supporting this move.