Systems for three market types- trending, nontrending, volatile

[suri112000]

TSL hit below revised value of 5635

There is a 4 bar bearish setup starting 1035 hrs bar. Should have reversed the trade there.

 

[vinst]

There is a 4 bar bearish setup starting 1035 hrs bar. Should have reversed the trade there.

I checked now. what's the setup called?

 

[suri112000]

I checked now. what's the setup called?

 

[Big Short]

Dont think elliot's name should be assoicated with the post

 

[suri112000]

SINGLE BAR REJECTION STRATEGY

https://www.dukascopy.com/fxcomm/fx...g-The-Single-Bar-Rejection&action=read&id=695

 

[suri112000]

OUTSIDE BAR STRATEGY

http://www.dailyforex.com/forex-art...ar-Trading-Strategy-in-Momentum-Trading/27094

 

[suri112000]

Scalping of BankNifty

Set the Timeframe as 5 minutes on BankNifty Chart. Wait for first three 5 minute candles to form. Identify high and low of these 3 candles collectively.
Now wait for next 5 minute candle which breaks the high or low of above 3 candles. Name this candle as SETUP candle. Now identify high and low of this SETUP candle. Our entry will be either long on break of high of SETUP candle or short on break of low of SETUP candle. If long triggers, the stop loss will be the low of SETUP candle. If short triggers, the stop loss will be the high of SETUP candle. Set target as 16 points. If target hits, book the profit and close the terminal.

If the trade doesnot reach the target and reverses and hits stop loss, reverse the trade at Stop Loss. For reversed trade, the target will be 16 points again.
The stoploss for reversed trade will be high/low of SETUP candle. If by chance the reversed trade does not hit target but hits stop loss book the loss and close the terminal. If the reversed trade hits target, book the profit and close the terminal.

This strategy has a hit rate of 80+ percentage.

Chart with explanation of the strategy.

 

[Purushotham]

Scalping of BankNifty

Set the Timeframe as 5 minutes on BankNifty Chart. Wait for first three 5 minute candles to form. Identify high and low of these 3 candles collectively.
Now wait for next 5 minute candle which breaks the high or low of above 3 candles. Name this candle as SETUP candle. Now identify high and low of this SETUP candle. Our entry will be either long on break of high of SETUP candle or short on break of low of SETUP candle. If long triggers, the stop loss will be the low of SETUP candle. If short triggers, the stop loss will be the high of SETUP candle. Set target as 16 points. If target hits, book the profit and close the terminal.

If the trade doesnot reach the target and reverses and hits stop loss, reverse the trade at Stop Loss. For reversed trade, the target will be 16 points again.
The stoploss for reversed trade will be high/low of SETUP candle. If by chance the reversed trade does not hit target but hits stop loss book the loss and close the terminal. If the reversed trade hits target, book the profit and close the terminal.

This strategy has a hit rate of 80+ percentage.

Chart with explanation of the strategy.

Is there any specific reason for 16 points profit. why not 10,20,30...

 

[suri112000]

Is there any specific reason for 16 points profit. why not 10,20,30...

Thats the figure which has been hit maximum number of times.

 

[suri112000]

Opening Range Breakout System for Quick profits

http://beforeitsnews.com/financial-...offers-signals-for-quick-profits-2499394.html