Dear all,
Sorry for no posting for the past couple of days.
The policy of trading view doesn't allow to post the screen shots of other trading platforms
I am also very hesitant to post the ideas without any screen shots substantiating my trading strategy
However i wish to post the idea how i trade
HOW WE TRADE (on 28.01.2022)
• Today the Nifty first one hour candle is Bullish and Bank Nifty first one hour candle is bearish. Therefore, the session to become bullish the subsequent green candle should break or breach the resistance levels (here both the high of the ne hour candle and the immediate next consolidation line) then only the session turns bullish.
• The 3rd one hour candle is a green candle which doesn’t break or breach the high of the 1st one hour candle and also the consolidation line immediately above the high of the 1st one hour candle.
• Therefore, we waited for the 4th one hour candle which slightly breaches the high of the 1st one hour candle but doesn’t breaches the consolidation line immediately above the high of the 1st one hour candle and also it is a red candle in which a buying entry cannot be initiated so we waited for the selling entry
• Here the selling entry comes only if the 5th one hour candle breaks the low of the 2nd one hour candle which is also the Fibonacci 38.2% buying support.
• The target for the first selling entry is the immediate consolidation line below the low of the 2nd one hour candle
• Here we got the second selling entry also after the completion of the 5th one hour candle and target is the first consolidation line below the low of the 5th one hour candle
• Therefore, we got two entries and two profits.
Sorry for no posting for the past couple of days.
The policy of trading view doesn't allow to post the screen shots of other trading platforms
I am also very hesitant to post the ideas without any screen shots substantiating my trading strategy
However i wish to post the idea how i trade
HOW WE TRADE (on 28.01.2022)
• Today the Nifty first one hour candle is Bullish and Bank Nifty first one hour candle is bearish. Therefore, the session to become bullish the subsequent green candle should break or breach the resistance levels (here both the high of the ne hour candle and the immediate next consolidation line) then only the session turns bullish.
• The 3rd one hour candle is a green candle which doesn’t break or breach the high of the 1st one hour candle and also the consolidation line immediately above the high of the 1st one hour candle.
• Therefore, we waited for the 4th one hour candle which slightly breaches the high of the 1st one hour candle but doesn’t breaches the consolidation line immediately above the high of the 1st one hour candle and also it is a red candle in which a buying entry cannot be initiated so we waited for the selling entry
• Here the selling entry comes only if the 5th one hour candle breaks the low of the 2nd one hour candle which is also the Fibonacci 38.2% buying support.
• The target for the first selling entry is the immediate consolidation line below the low of the 2nd one hour candle
• Here we got the second selling entry also after the completion of the 5th one hour candle and target is the first consolidation line below the low of the 5th one hour candle
• Therefore, we got two entries and two profits.