Pick strong trending stock
in pullback - preferably near 61.8% or 50% retracement level look for bullish candle
enter
take sl low of candle and sleep.
this is one of catching good stock in uptrend.
tried and tested in over more than 1000+ trades(on own money in last 13years)
in pullback - preferably near 61.8% or 50% retracement level look for bullish candle
enter
take sl low of candle and sleep.
this is one of catching good stock in uptrend.
tried and tested in over more than 1000+ trades(on own money in last 13years)
similarly u can do opposite
one example
#Nifty
didnt closed even above 50% of retracement
failed to touch 61.8%
failed to close above black candle high
what u had to do?
nothing - buy some put to protect portfolio or sell longs if u r not comfortable in shorting and wait for
one example
#Nifty
didnt closed even above 50% of retracement
failed to touch 61.8%
failed to close above black candle high
what u had to do?
nothing - buy some put to protect portfolio or sell longs if u r not comfortable in shorting and wait for
price to come at support.
price came at support Buy put sl and sleep tight.
but hey u know sl what will be target?
again retrace and see where is resistance.
exit at resistance.
repeat process.
price came at support Buy put sl and sleep tight.
but hey u know sl what will be target?
again retrace and see where is resistance.
exit at resistance.
repeat process.
https://twitter.com/kach0289/status/1384064748249968646?s=20
another retracement example
check 1st chart
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