Setting:
>> TF=5 mins
>> RSI=2 periods
>> Wait for bullish or bearish candles
>> Entry at middle of candle
>> Target of 2% and 4%...SL at 2%...with 5times exposure margin
I randomly saw that RSI divergence gives a very good setup for intraday trades. We cud easily get 1 or 2 signals a day, with an expectation of 2 to 4% gains with 5 times margins.
Have a look at the pictures and post ur experiences if u have already traded or trading these kinds of setups.
Request AFL gurus to post AFL for this setup along with Back-tested results...
Open for further discussions and modifications....so that it benefits all here
I browsed for 3 months data in DLF...barring couple of occasions, most of the time it gets the target.
Look at DLF picture of today with 1 long and 1 short trade
NF of today (I traded this and got out with 11 pts gain)
>> TF=5 mins
>> RSI=2 periods
>> Wait for bullish or bearish candles
>> Entry at middle of candle
>> Target of 2% and 4%...SL at 2%...with 5times exposure margin
I randomly saw that RSI divergence gives a very good setup for intraday trades. We cud easily get 1 or 2 signals a day, with an expectation of 2 to 4% gains with 5 times margins.
Have a look at the pictures and post ur experiences if u have already traded or trading these kinds of setups.
Request AFL gurus to post AFL for this setup along with Back-tested results...
Open for further discussions and modifications....so that it benefits all here
I browsed for 3 months data in DLF...barring couple of occasions, most of the time it gets the target.
Look at DLF picture of today with 1 long and 1 short trade
NF of today (I traded this and got out with 11 pts gain)