#ReversalSetup
80-20 setup
I am going to share one high probability reversal setup for swing traders.
Before i explain setup below are few rules.
● Stock should have body of nearly 1% on Previous Day.
● For INDEX Body should be more than 0.5% on previous day.
(1/n)
80-20 setup
I am going to share one high probability reversal setup for swing traders.
Before i explain setup below are few rules.
● Stock should have body of nearly 1% on Previous Day.
● For INDEX Body should be more than 0.5% on previous day.
(1/n)
Rules for Sell
1. On previous day underlying should have opened in lower 20% of the day range and should have closed in upper 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDH.
(2/n)
1. On previous day underlying should have opened in lower 20% of the day range and should have closed in upper 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDH.
(2/n)
3. once it make new high in first hour place sell order below PDC with STOP of Current DH.
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(3/n)
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(3/n)
Rules For BUY
1. On previous day underlying should have opened in upper 20% of the day range and should have closed in Lower 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDL.
(4/n)
1. On previous day underlying should have opened in upper 20% of the day range and should have closed in Lower 80% of the day range.
2. On current day in first hour of the trading day stock should have crossed PDL.
(4/n)
3. once it make new high in first hour place buy order above PDC with STOP of Current DL.
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(5/n)
4. Intial targets for swing trades can be 1:2 RR then trail your stops.
(5/n)
PDH : PREVIOUS DAY HIGH
PDL : PREVIOUS DAY LOW
PDC : PREVIOUS DAY CLOSE
DH : DAY HIGH
DL : DAY LOW
(6/n)
PDL : PREVIOUS DAY LOW
PDC : PREVIOUS DAY CLOSE
DH : DAY HIGH
DL : DAY LOW
(6/n)
Do some paper trades before implementing this setup.
Trade on standard stocks only, which has great volume.
(End of thread)
Trade on standard stocks only, which has great volume.
(End of thread)
#SBIN
#GRASIM
#HDFC
#INDUSINDBNK
80-20 REVERSAL SETUP
SELL BELOW PDC (PREVIOUS DAY CLOSE)
SL DH (DAY HIGH)
REFER GRAPHS
#GRASIM
#HDFC
#INDUSINDBNK
80-20 REVERSAL SETUP
SELL BELOW PDC (PREVIOUS DAY CLOSE)
SL DH (DAY HIGH)
REFER GRAPHS
Only after 10:15 AM