#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)
Rules For Buy
1. New 20 period low should have been made today.
2. Previous 20 period low should have been made minimum 3/4 days before.
3. Close below previous 20 day low or not is optional.
(4/n)
1. New 20 period low should have been made today.
2. Previous 20 period low should have been made minimum 3/4 days before.
3. Close below previous 20 day low or not is optional.
(4/n)
How to implement?
1. Once we get new 20 period low stock, on same day/ next day we place buy stoploss order few ticks above previous 20 period low.
2. Stoploss : few tick before latest Low
3. Target : 1:5 R:R achievable (trail stop after 1:2 R:R)
(5/n)
1. Once we get new 20 period low stock, on same day/ next day we place buy stoploss order few ticks above previous 20 period low.
2. Stoploss : few tick before latest Low
3. Target : 1:5 R:R achievable (trail stop after 1:2 R:R)
(5/n)
Meaning of setup:
● We are selling on new highs & buying on new lows in this setup.
● Many times retailers get trapped by buying on new high & selling on new low, to find such kind of trap this setup is useful.
● This is the reason we have renamed it to "Fake Paradise".
(6/n)
● We are selling on new highs & buying on new lows in this setup.
● Many times retailers get trapped by buying on new high & selling on new low, to find such kind of trap this setup is useful.
● This is the reason we have renamed it to "Fake Paradise".
(6/n)
This setup is not high probability setup but yes this setup has excellent R:R ratio.
Do paper trades before jumping into real game.
It will take really good efforts from your end to understand the setup.
Do paper trades before jumping into real game.
It will take really good efforts from your end to understand the setup.
@sanstocktrader @Stockengg @CAtLarge @nifty_baba @ravi_mehata88 do share to spread awareness and to spread learnings.
#Fakeparadise
#ICICIBANK
As per Fake paradise
ICICIBANK SELL TRIGGERED @ 411 STOP FEW TICK ABOVE DAY HIGH
@CAtLarge
#ICICIBANK
As per Fake paradise
ICICIBANK SELL TRIGGERED @ 411 STOP FEW TICK ABOVE DAY HIGH
@CAtLarge
#icicibank
#fakeparadise
Entry triggered at 411 with sl 414
Low 405.5
Risk 3
Reward 5.5 till now
RR 1:2 DONE
NOW ALL YOU NEED TO DO IS TRAIL STOP IF NOT BOOKING.
#fakeparadise
Entry triggered at 411 with sl 414
Low 405.5
Risk 3
Reward 5.5 till now
RR 1:2 DONE
NOW ALL YOU NEED TO DO IS TRAIL STOP IF NOT BOOKING.
@CAtLarge i hope u have observed how did i implemented.😊😊
#hindpetro
#fakeparadise
Got triggered yesterday at 294.8 stop was above 301.85
Low made 282
Risk 7
Reward 13
1:2 R:R done
@CAtLarge
#fakeparadise
Got triggered yesterday at 294.8 stop was above 301.85
Low made 282
Risk 7
Reward 13
1:2 R:R done
@CAtLarge
#icicibank
#Fakeparadise
From 411 to below 405
It needs real confidence in your system to even post sell call on SM when market is 400+ points up.
@Stockengg says only when u have courage to practice setup with minimum 25 trades then only that confidence gets built.
#Fakeparadise
From 411 to below 405
It needs real confidence in your system to even post sell call on SM when market is 400+ points up.
@Stockengg says only when u have courage to practice setup with minimum 25 trades then only that confidence gets built.
#NIFTY
#FAKEPARADISE
Bachke rehna re baba bach ke rehna re
Bach ke rehna re baba tujhpe nazar hai
Aray! Tere liye aye tere hi diwaane
Jhoome nache gaye aye rang jamane
Kaise kaise taufe laye tu kya jane tu kya jane😀😀😀
#FAKEPARADISE
Bachke rehna re baba bach ke rehna re
Bach ke rehna re baba tujhpe nazar hai
Aray! Tere liye aye tere hi diwaane
Jhoome nache gaye aye rang jamane
Kaise kaise taufe laye tu kya jane tu kya jane😀😀😀
#ICICIBank
#fakeparadise
411 to 399 with sl of 414
1:4 RR done
This strategy is not high probability but as I said RR is just amazing.
#fakeparadise
411 to 399 with sl of 414
1:4 RR done
This strategy is not high probability but as I said RR is just amazing.
