Explanation
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EXPLANATION OF STRATEGY ITS EASY ACTUALLY!1
TIME FRAME
TIME FRAME IS 30 MIN TIME FRAME.
SO LESS NOISE IS THERE AND WE CAN HAVE A GOOD ENTRY.
ONE CAN DO IN LESSER TIME FRAMES ALSO IF THEY ARE HABITUATED TO DO SO.
IN LIVE MARKET(FOR LONG)(BUY)
IN LIVE MARKET EITHER STOCK SHOULD GAP UP A LITTLE BIT FROM PREVIOUS DAY CLOSE.
OR GAP DOWN AND REVERSE.
OR SHOULD TEST PREVOIUS DAY LOW AND GO DOWN AND REVERSE.
FOR THIS FIRST 30 MIN CANDLE SHOULD BE A REAL BODIED CANDLE IT SHOULD NOT BE DOJI OF ANY TYPE NO BODY OR VERY LESS BODY WITH MORE WICKS.
WE WILL FURTHER FILTER OFF STOCKS BASING ON THIS FIRST30 MIN CANDLE IN LIVE MARKET.
SIMILARILY FOR SELL THE OPPOSITE OF ABOVE
RELIANCE EXAMPLE ON JAN2ND 2020
IN 30 MINUTES TIME FRAME
PAST FEW DAYS DATA OF OHLC
OBSERVATIONS TO BE MADE
LOW OF JAN2ND.
LOW OF PAST 3 DAYS.
CLOSE OF PAST 3DAYS SHOULD BE DONE ON CHARTS.
NOT HERE AS WEIGHTED AVEARGE OF LAST ONE HOUR IS CONSIDERED AS CLOSING PRICE.
IN CHARTS ALSO CLOSE SHOULD BE OBSERVED IN OTHER THAN DAILY TIME FRAME CHART.
GAPUP OF 1 POINT FROM PREVOIUS DAY CLOSE.
IN SIMPLE TERMS!
WHEN A STOCK IS IN COOLING OFF PERIOD/DOWNWARD RALLY AND IT FORMS A LOW AND CLOSE WHICH IS LESS THAN PAST 3 DAYS THEN THE NEXT DAY IT SHOULD BE OBSERVED FOR GOING LONG/BUY.
SINCE WE SHOULD BUT AT LOW!!!
ALONG WITH IT THERE WILL BE A TRNDLINE FORMED WITH 2 POINTS AND THE 3RD POINT WILL BE CONNECTED GENREALLY THE NEXT DAY.
SOMETIMES THE TRENDLINE WITH 3 POINTS IS ALREADY FOMRED TODAY ONLY THEN THE NEXT DAY STOCK MAY GAPUP AS ABOVE EXAMPLE.
SOMETIMES STOCK MAY GAP DOWN AND REVERSE.
SOMETIMES IT GOES DOWN WITH HEAVY VOLUMES AND REVERSES.
ENTRY
WHEN THE STOCK GAPS UP IF AN INSIDE BAR FORMS AFTER FIRST 30 MIN CANDLE THEN ITS BREAKOUT IS ENTRY WITH LOW AS STOPLOSS.
IF STOCK IS GOING UP CONTNOOUSLY IN GAPUP THE ENTRY WILL BE AFTER PULL BACK WHEN A GREEN 30 MIN CANDLE IS FORMED.
IN REVERSALS,WHICH ARE THE MOST COMMON FORMATIONS THE ENTY IS FIRST GREEN CANDLE HIGH AND 1 POINT BELOW DAY LOW IS STOPLOSS.
IF THE GREEN CANDLE FORMED IS TOO BIG THEN WAIT FOR A PULL BACK AND ENTER.
IF NOT GO FOR OTHER STOCK!
EXIT
AS PER YOUR COMFORT!!
IF NOT DECISION POINTS.
WHICH ARE PREVOIUS DAY HIGH,LOW AND CLOSE.
SWING HIGHS/LOWS CAN ALSO BE CONSIDERED FOR EXIT.
PROBLEMS WITH THE STRATEGY
IN A 100 TRADES 5 TRADES MAY HIT STOPLOSS.
SOMETIMES VOLUMES DRY UP AND TARGET WONT GET HIT.
IN SUCH CASES THE MOMENTUM IS GAINED NEXT DAY.
BUT IT IS BETTER TO EXIT IN INTRADAY AS CARRFORWARD MAY REQUIRE MORE MARGINS.
MORE EXAMPLES IN NEXT PRESENTATION
EXAMPLES ARE IN THEIR WAY!!!
STAY TUNED!!!
NEXT PPT IN FEW MINUTES!!!
TIME FRAME
TIME FRAME IS 30 MIN TIME FRAME.
SO LESS NOISE IS THERE AND WE CAN HAVE A GOOD ENTRY.
ONE CAN DO IN LESSER TIME FRAMES ALSO IF THEY ARE HABITUATED TO DO SO.
IN LIVE MARKET(FOR LONG)(BUY)
IN LIVE MARKET EITHER STOCK SHOULD GAP UP A LITTLE BIT FROM PREVIOUS DAY CLOSE.
OR GAP DOWN AND REVERSE.
OR SHOULD TEST PREVOIUS DAY LOW AND GO DOWN AND REVERSE.
FOR THIS FIRST 30 MIN CANDLE SHOULD BE A REAL BODIED CANDLE IT SHOULD NOT BE DOJI OF ANY TYPE NO BODY OR VERY LESS BODY WITH MORE WICKS.
WE WILL FURTHER FILTER OFF STOCKS BASING ON THIS FIRST30 MIN CANDLE IN LIVE MARKET.
SIMILARILY FOR SELL THE OPPOSITE OF ABOVE
RELIANCE EXAMPLE ON JAN2ND 2020
IN 30 MINUTES TIME FRAME
PAST FEW DAYS DATA OF OHLC
OBSERVATIONS TO BE MADE
LOW OF JAN2ND.
LOW OF PAST 3 DAYS.
CLOSE OF PAST 3DAYS SHOULD BE DONE ON CHARTS.
NOT HERE AS WEIGHTED AVEARGE OF LAST ONE HOUR IS CONSIDERED AS CLOSING PRICE.
IN CHARTS ALSO CLOSE SHOULD BE OBSERVED IN OTHER THAN DAILY TIME FRAME CHART.
GAPUP OF 1 POINT FROM PREVOIUS DAY CLOSE.
IN SIMPLE TERMS!
WHEN A STOCK IS IN COOLING OFF PERIOD/DOWNWARD RALLY AND IT FORMS A LOW AND CLOSE WHICH IS LESS THAN PAST 3 DAYS THEN THE NEXT DAY IT SHOULD BE OBSERVED FOR GOING LONG/BUY.
SINCE WE SHOULD BUT AT LOW!!!
ALONG WITH IT THERE WILL BE A TRNDLINE FORMED WITH 2 POINTS AND THE 3RD POINT WILL BE CONNECTED GENREALLY THE NEXT DAY.
SOMETIMES THE TRENDLINE WITH 3 POINTS IS ALREADY FOMRED TODAY ONLY THEN THE NEXT DAY STOCK MAY GAPUP AS ABOVE EXAMPLE.
SOMETIMES STOCK MAY GAP DOWN AND REVERSE.
SOMETIMES IT GOES DOWN WITH HEAVY VOLUMES AND REVERSES.
ENTRY
WHEN THE STOCK GAPS UP IF AN INSIDE BAR FORMS AFTER FIRST 30 MIN CANDLE THEN ITS BREAKOUT IS ENTRY WITH LOW AS STOPLOSS.
IF STOCK IS GOING UP CONTNOOUSLY IN GAPUP THE ENTRY WILL BE AFTER PULL BACK WHEN A GREEN 30 MIN CANDLE IS FORMED.
IN REVERSALS,WHICH ARE THE MOST COMMON FORMATIONS THE ENTY IS FIRST GREEN CANDLE HIGH AND 1 POINT BELOW DAY LOW IS STOPLOSS.
IF THE GREEN CANDLE FORMED IS TOO BIG THEN WAIT FOR A PULL BACK AND ENTER.
IF NOT GO FOR OTHER STOCK!
EXIT
AS PER YOUR COMFORT!!
IF NOT DECISION POINTS.
WHICH ARE PREVOIUS DAY HIGH,LOW AND CLOSE.
SWING HIGHS/LOWS CAN ALSO BE CONSIDERED FOR EXIT.
PROBLEMS WITH THE STRATEGY
IN A 100 TRADES 5 TRADES MAY HIT STOPLOSS.
SOMETIMES VOLUMES DRY UP AND TARGET WONT GET HIT.
IN SUCH CASES THE MOMENTUM IS GAINED NEXT DAY.
BUT IT IS BETTER TO EXIT IN INTRADAY AS CARRFORWARD MAY REQUIRE MORE MARGINS.
MORE EXAMPLES IN NEXT PRESENTATION
EXAMPLES ARE IN THEIR WAY!!!
STAY TUNED!!!
NEXT PPT IN FEW MINUTES!!!
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