The Bong Trader
The Bong Trader

@st_trader22

6 Tweets 16 reads Dec 04, 2022
πŸ’₯ Supertrend Retracement Strategy πŸ’₯πŸ’₯
What is Supertrend Retracement Strategy??
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SuperTrend Retracement Strategy
Instrument
πŸ‘‰ Banknifty Future 3 min Time Frame
πŸ‘‰Nifty Future in 3 min TF
πŸ‘‰Stock 5 min TF
Indicators
πŸ‘‰Vwap
πŸ‘‰ Supertrend (10,2)
πŸ‘‰ Volume ( Draw a horizontal line at
50k- Banknifty
125k- Nifty.
For CE or Call Buy
If Banknifty Future is Moving upwards with volume (more than 50k)
We Can Buy CE Condition Price>ST>VWAP
Now don't buy at a higher price.
Wait for the price to come near the ST.
Retracement should be with low volume
If Retracement happens with large volume
Ignore that Trade.
Means more than 50k volume.
If Retracement happens with less than 50k volume
Open Option Strike chart
Place order
1 lot at ST
1 lot 10 points above ST
1 lot 20 Points above ST
Stop Loss
If a candle close below Supertrend
Exit ur Position.
For PE or Put Buy
If Banknifty Future is Moving downwards with volume (more than 50k)
We Can Buy PE
Condition
Price<ST<VWAP
Now don't buy at a higher price.
Wait for the price to come near the ST.
Retracement should be with low volume
If Retracement happens with large volume
Ignore that Trade.
Means more than 50k volume.
Now
If Retracement happens with less than 50 K volume
Place order
1 lot at ST
1 lot 10 points above ST
1 lot 20 Points above ST
Stop Loss
If a candle close below Super Trend
Exit ur Position.
πŸ‘‰Trading is about practice with any set up .
So Practice for atleast 6 month.U will get good result.

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