Thread by @pradytrader1

As the next phase of evolution as a trader I started to do 1 to 3 days #swing #trading in fno stocks. I am doing in cash for longs and options for short. So strategy is a bit lop sided. Since shorting is my strength, i am comfortable with risk
with each chart logic explained.

Before actual trading, I have been practicing this with small quantities (long only) with #zerodha #60daychallenge.
I have 5 days to go, but result is known already ;-).
#NSE #FnO #experiment #learning.
I might succeed, I might fail. First week was good one.

#BAJFINANCE.
1.multiple #bullish #engulfings at swing support area,
2. consolidation
3. rsi divergence
Risk reward 1:4
Result: Target achieved
#NIFTY #TradingView

trade #2 HDFC
#hattip @dtbhat who alerted me to possiblilty of reversal.
1. RSI divergence
2. Consolidation with bullish candles
3. Follow through with a bullish engulfing candle for add on
Risk Reward: 1:7
Result: target achieved

#priceaction #candlesticks

trade #3 #TATAMOTORS
1. #gravestone #doji in eod charts
2. #bullish #engulfing for entry in PE
3. #rsi diveregence
4. consolidation with bearish candles and breakdown for exit
Risk Reward: 1:11.
Result: Trailing stop hit. I had much higher targets in mind.

all 3 trades this week were successful.
I attribute it to #beginners luck.
Have initiated one yesterday.
Will log it after closure of trade.
@ChartingG advice taken :-)

Very simple strategy. Identify candlstick message, look for consolidation, look for break. minimum RR 1:2

how to deal with gap ups, gap downs, #noidea. in this phase of the experiment, I am keeping these variables aside.
if it gaps up/down below sl exit with loss.
First stabilize core then optimize.
#firstprinciples