Mohit Sharma
Mohit Sharma

@Mohitsharma202

8 Tweets 16 reads Jul 08, 2024
My Secret Trading Strategy Revealed
Price Action + Moving Average Setup
A Complete Strategy 🧡:
1] 50-Moving Average:-
I have used EMA 50 to identify which direction price is trying to move on a daily timeframe for swing trading
50-Moving average is best swing trading tool to identify the market direction
2] We will wait for gap between 50-EMA & the Price
When the price & 50-EMA have a sufficient gap we will catch that zone
Price & 50-EMA move together when ever we see a gap in both we will use that thing
Let's see some examples
3] Buy Setup:-
βœ… 50-EMA above the Price
βœ… Gap between 50-EMA & Daily TF-Candle is good enough
βœ… I need minimum 5 red candle making lower-low & after that a Strong Hammer Candle
βœ… Entry is high of Hammer candle & Stop loss will be low of Hammer
Some More ExamplesπŸ‘‡
Example-01:- NIFTY DAILY CHART
Here you can see a clear gap between the Hammer Candle & 50-EMA Whenever we see this type of gap between Hammer candle & 50-EMA we can catch that move
Example-02:- ITC DAILY CHART
Here you can see a clear gap between the Hammer Candle & 50-EMA Whenever we see this type of gap between Hammer candle & 50-EMA we can catch that move
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