This strategy I found in blog and tested reltime for a few days and also back tested in chart. Seems very Good. Today traded TCS with this setup. The setup is too simple to believe it works with around 80% win rate and risk reward 2.
See the chart below
First bar of today is Long white candle closing above the Previous day High. The green line is the previous day high. Second candle is a small candle closing within the range of first candle. This setup completion. After setup completion entry is within the range of second candle.
TCS today rocked after entry. Back tests also shows same results.
See the chart below
First bar of today is Long white candle closing above the Previous day High. The green line is the previous day high. Second candle is a small candle closing within the range of first candle. This setup completion. After setup completion entry is within the range of second candle.
TCS today rocked after entry. Back tests also shows same results.