Discover and read the best of Twitter Threads about #FAKEPARADISE
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#fakeparadise
I have posted few graphs of fake paradise trades happened in recent past below.
If anyone has still any doubts can ask on the same thread once i post few recent charts of fake paradise (only some standard stocks which i follow).
(1/n)
I have posted few graphs of fake paradise trades happened in recent past below.
If anyone has still any doubts can ask on the same thread once i post few recent charts of fake paradise (only some standard stocks which i follow).
(1/n)
#FakeParadise
#ReversalSetup
Before i share this setup, let me tell you this is not a easy setup to trade without deep understanding.
So let's discuss the setup and what does it mean!!
(1/n)
#ReversalSetup
Before i share this setup, let me tell you this is not a easy setup to trade without deep understanding.
So let's discuss the setup and what does it mean!!
(1/n)
Rules For Sell
1. New 20 period high should have been made today.
2. Previous 20 period high should have been made minimum 3/4 days before.
3. Close above previous 20 day high or not is optional.
(2/n)
1. New 20 period high should have been made today.
2. Previous 20 period high should have been made minimum 3/4 days before.
3. Close above previous 20 day high or not is optional.
(2/n)
How to implement?
1. Once we get new 20 period high stock, on same day/ next day we place sell stoploss order few ticks below previous 20 period high.
2. Stoploss : few tick above Latest high
3. Target : 1:5 R:R achievable (trail stop after 1:2 R:R)
(3/n)
1. Once we get new 20 period high stock, on same day/ next day we place sell stoploss order few ticks below previous 20 period high.
2. Stoploss : few tick above Latest high
3. Target : 1:5 R:R achievable (trail stop after 1:2 R:R)
(3/n)
