TRAFFIC LIGHT SETUP🚦 BY POWER OF STOCKS
A Thread 🧵
A very simple and easy to execute setup to capture the morning momentum.
#Tradingstrategy
A Thread 🧵
A very simple and easy to execute setup to capture the morning momentum.
#Tradingstrategy
💠Setup Explanation
🔸In this setup we have to look for a pair of two opposite color candles. It can be a Green candle + Red candle or Red candle + Green candle.
🔸We will mark the range of the pair From Wick to wick & Trade as the price comes out of the Range
🔸In this setup we have to look for a pair of two opposite color candles. It can be a Green candle + Red candle or Red candle + Green candle.
🔸We will mark the range of the pair From Wick to wick & Trade as the price comes out of the Range
🎯Entry - If range is broken on the upside entry will be on the upside & If range is broken on the downside entry will be on the downside
🎯Stoploss - Lower End or the Upper End of the Range will be SL
🎯Target - For Scalping Fixed target and for intraday you can do trailing
🎯Stoploss - Lower End or the Upper End of the Range will be SL
🎯Target - For Scalping Fixed target and for intraday you can do trailing
💠Setup Rules for scalping
🔸Timeframe will be 1 Minute
🔸Leave the first candle of 9:15
🔸Strike price will be ATM OR near to 300
🔸If Range of pair is more than 100 points we will ignore and look for another pair
🔸Max two Trades in scalping after that shift to 5 Minutes TF
🔸Timeframe will be 1 Minute
🔸Leave the first candle of 9:15
🔸Strike price will be ATM OR near to 300
🔸If Range of pair is more than 100 points we will ignore and look for another pair
🔸Max two Trades in scalping after that shift to 5 Minutes TF
💠Setup Rules For Intraday
🔸Time frame will be 5 Minute
🔸Strike price will be ATM OR in case you are expecting a Big Momentum then you can go with the OTM strike price
🔸Here we will consider First candle of 9:15
🔸Close the day if 3 continuous Stop Losses are hit
🔸Time frame will be 5 Minute
🔸Strike price will be ATM OR in case you are expecting a Big Momentum then you can go with the OTM strike price
🔸Here we will consider First candle of 9:15
🔸Close the day if 3 continuous Stop Losses are hit
🎯Winning Trades
Right below we have shared a few charts of the winning trades So that you can get an idea of how simple and easy to execute this strategy is.
Right below we have shared a few charts of the winning trades So that you can get an idea of how simple and easy to execute this strategy is.
🎯SL Days
Again ,losses are inevitable in trading ,there are always days on which you will have to accept the Stop Loss
Some Example of the Losing trades are shared below
Again ,losses are inevitable in trading ,there are always days on which you will have to accept the Stop Loss
Some Example of the Losing trades are shared below
⚠️IMPORTANT NOTE
This is a very simple and easy to execute Setup but it can lead to overtrading so Don't Deploy this strategy into the live market without Backtesting it.
This is a very simple and easy to execute Setup but it can lead to overtrading so Don't Deploy this strategy into the live market without Backtesting it.
Very soon we will be coming out with the TWK version of this setup, Which will be more improved and easier version of this setup.
Meanwhile, You can checkout the full video on the Traffic light setup on the Youtube by Subhasish Sir here⬇️
youtu.be
Meanwhile, You can checkout the full video on the Traffic light setup on the Youtube by Subhasish Sir here⬇️
youtu.be
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Show us some love with a ❤️ and Follow @jainjay8
Retweet the First Tweet to spread the word!
#tradingstrategy #stockmarkets #DayTrading #Twitter #explorepage
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