Learn to spot high profit signals

[vikasjournalist]

Hi,

I am analysing a signal.

Trade set up :

1. Supertrend 5 Mint tick

2. 20 EMA

3. Slow stochastics

Sell when 5 Minute bar convincingly breaks the supertrend support and 20 EMA. Slow stochastic should be close to oberbaught.

There was a fine trade today in Nifty today 29 august 2015.

I will wait for suggestions

 

[vasan56]

what is the parameter for super trend and stochastics?

 

[vikasjournalist]

Hi,

It is very simple. The 5 mint candle should break the supertrend indicator support and using 20 EMA and stochastic overbought level near 60-80 helps remove some noise from it. It gives few very accurate signals.

Supertrend indicator is not available everywhere. I use traderscockpit. But you can tryout free version in www.marketcalls.in.

Thanks