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EXPLANATION

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268 views15 pages

EXPLANATION

Uploaded by

bytestreams3400
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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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!!!

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