Two candle strategy

karthik_sri

Well-Known Member
#18
in 4th trade were the sl is 1550.99 in red line u just see 2 more candle before that u can set that in that 2 candle also . am i right.
Yes...but the IMPORTANT CONDITION is that If the subsequent candle (2nd candle) touch the 50% level of the previous candle Ignore that. The two more candle before that will touch the 50% level of the previous candle. Hope clarifies.
 

rkkarnani

Well-Known Member
#20
The Chart of LT Futures on 17.09.2012 in 5 min time frame. I have highlighted 6 trades and all the trades were in profit when the condition is met. Chart for your eyes.

http://i.imgur.com/aHaQgbt.png

Total profit Rs.9375/-

Karthik
Kathik, Please check 2 black bars at around 12:10 and 12:15 ! Do they qualify for trades? Dont they meet the criteria? Unable to pin point the candle time as I dont have intraday LT chart ?
 

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