A simple 5 ema setup
Combine that with price action and you will get results
Shorted at resistance with a small SL of 30 pts
Went down 200 pts (Booked 135pts only as I don't know the bottom)
Doesn't always work
The success ratio hovers around 20-30%
Combine that with price action and you will get results
Shorted at resistance with a small SL of 30 pts
Went down 200 pts (Booked 135pts only as I don't know the bottom)
Doesn't always work
The success ratio hovers around 20-30%
The R:R is always very favorable
But this setup needs a lot of patience
I remember once my SL got hit 7 times straight but recovered all that in just two trades afterward
Do try it out (for detailed explanation check out subhashish sir's channel)
But this setup needs a lot of patience
I remember once my SL got hit 7 times straight but recovered all that in just two trades afterward
Do try it out (for detailed explanation check out subhashish sir's channel)
The main issue with this strategy is when to book profits
Minimum R:R should be 1:3.5 imo
You will have to tweak the maximum limit and trailing method as per your style
Mastering any setup needs time
Minimum R:R should be 1:3.5 imo
You will have to tweak the maximum limit and trailing method as per your style
Mastering any setup needs time
The biggest problem with traders is that they want to get spoon-fed
They just want a setup that will give them buy and sell signals and they will make huge profits off it without any hard work
It doesn't work that way
If you want this type of strategy then switch to algos
They just want a setup that will give them buy and sell signals and they will make huge profits off it without any hard work
It doesn't work that way
If you want this type of strategy then switch to algos
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