15MIN CANDLE , EVERY BODY MAKE MONEY SYSTEM, NO INDICATOR

[Kumar .]

neetha Ji,I traded this concept a long back.If price making higher highs(uptrend) or lower lows then its works very nicely.
But in a tight sideways market SL get hit multiple times.
Pls post 2-3 charts for worst of worst scenario.

ty

 

[Subhadip]

It is a basic concept...see my threads to know more about Rally and decline...

 

[navaneetha.007]

 

[navaneetha.007]

STOP IS THE REVERSAL POINT,PREVIOUS BAR HIGH IS STOP FOR SELL,SO HERE ADDING 10 ADD ONLY 1 ADD LOST,THEN REVERSED IT,HERE ALL SELLS ARE BELOW LAST SELL PRICE. SAME CHART SHOWN WITH 5 RS ADD BELOW.

 

[navaneetha.007]

 

[navaneetha.007]

 

[varunkochhar]

To make this simple system better is to plot 200EMA of 1min. TF on this 15min. charts take long only signals above it and short only signals below it. (as 200EMA throws up good trends)

 

[navaneetha.007]

 

[navaneetha.007]

round numbers will exit like 490,495 etc( for 500 rs stock atr(15) daily>10,put calls at 10 rs diff.for sbin 2.s steps, atr(15)<10>5.

 

[navaneetha.007]