The only rule you need to follow: Let your profit run 2 types of exit: (5M TF) 1) Prev. candle H (PE) or L (CE) BO 2) Prev. Swing H (PE) or L (CE) BO ------------------------------------------------------------ Morning Brea feast Trade Setup ============================= CE SIDE: Entry: 1st Green candle close SL: Day Low TP: Last swing BO PE SIDE: Entry: 1st...
Entry (5M TF) ----------------- Bank Nifty --------- 3T TL BO + F BO + H BO + CE: Green Bar High BO PE: Red Bar Low BO" HDFC + ICICI + Nifty ======> ( 3T TL BO or F BO or H BO or Candle BO) **************************************************************** Exit (5M TF) ---------------- SL CE: Red Bar Low-10 BO PE: Green Bar High+10 BO TP CE: Prev. Bar...
CE Side SL: 1 Red candle low BO TP:1 - L BO TP:2 - 1 RC L BO TP:3 - 2 RC L BO
1. Exit @ Prev. Candle High taken out 2. Exit @ Prev. Green Candle High taken out 3. Exit @ 2 Green Candle close
CE --------- Entry - Green candle high taken out Exit - Red candle low taken out PE --------- Entry - Red candle low taken out Exit - Green candle high taken out
Prev. Candle H&L Vs Cur. Candle H&L I O U D ------------------------ Prev. Candle H&L Vs Cur. Candle Close I U D ------------------------ I - Inside Candle O - Outside Candle U - Up Candle D - Down Candle
3 Types of Day 1. Trending Day 2. Sideway Day 3. Zig Zag Day 3 Types of Day 1. Trending Day 2. Sideway Day 3. Zig Zag Day
Double Top pattern is Reversal pattern, 2nd top form with micro DB. You have to enter when neck BO or neck BO and Retest to the neck again.
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Legend ================= TL Swing , H S&R , DB/DT (F BO) --------------------------------------------------------------- Check List: ------------------ 1) 3T TL BO 2) DB/DT & F BO 3) H S&R BO 4) Sustain above S&R and special bar @ option chart (Big bar, Pin bar, Inside / outside bar) 5) HH Entry 6) Compare Nifty & BN enter when form good...
DB / DT are reversal pattern, It will form when trend changes from Down to Up (DB (W)) Up to down (DT (M))
H Resistance BO & R H Resistance BO & R H Resistance BO & R H Resistance BO & R H Resistance BO & R
Def. ---------------------------- 1) 3 Touch to Trend Line (3T TL) 2) Breakout (BO) 3) Retest (R) 4) Higher High Candle (HH) 5) Entry (E) 6) SL @ 30 Point (SL@30) 7) Take Profit @ Double Top / 100 P (TP @ DT / 100) 8) Below TL Double Bottom / Fake BO (B TL DB / F BO)
Double Bottom & Double Top Entries Double Bottom & Double Top Entries Double Bottom & Double Top Entries Double Bottom & Double Top Entries
Entry after BO Entry after BO Entry after BO Entry after BO
Wedge Pattern Entry Setup Wedge Pattern Entry Setup Wedge Pattern Entry Setup Wedge Pattern Entry Setup
Price Reversal Pattern: When there is a down trend, trend direction will change after making following formation 1) Double Bottom 2) V shape recovery 3) Consolidation and breakout upside
Time Correction and Price Correction Concept From swing point 1 to swing point 2 how much time it take to reach is time correction, From swing point 1 to swing point 2 how much deeper price went and come back to swing point 2 is price correction Types of swing point Weak Swing • Small candle size • Small V shape formation • Time correction high • Price...