I was barely profitable for 7 long years, until...🤯
...I found this excellent low-risk strategy! 🎯
My go-to strategy
• Low risk, high reward
• Profit even at 40% win rate
• Taking bigger positions
• Earning more 💰
Ready to learn?🤓
Let's go...🧵
...I found this excellent low-risk strategy! 🎯
My go-to strategy
• Low risk, high reward
• Profit even at 40% win rate
• Taking bigger positions
• Earning more 💰
Ready to learn?🤓
Let's go...🧵
1⃣ Scanner to use
Use the below scanner & only focus on stocks in the list 👇
'CCI Weekly/Daily crossing above -100'
chartink.com
Use the below scanner & only focus on stocks in the list 👇
'CCI Weekly/Daily crossing above -100'
chartink.com
2⃣ Add these stocks to Trading watchlist to scan
You can do this in 5 mins, literally! Watch the below video how to do it👇
Scan each stock manually with your 👀
youtu.be
You can do this in 5 mins, literally! Watch the below video how to do it👇
Scan each stock manually with your 👀
youtu.be
3⃣ Stock MUST be near confluence of supports!
What's that? There are two rules
Rule 1:
• Price should be reversing from a major horizontal support zone Ex: #GOKEX
This should be visible clearly on weekly/daily charts
What's that? There are two rules
Rule 1:
• Price should be reversing from a major horizontal support zone Ex: #GOKEX
This should be visible clearly on weekly/daily charts
4⃣ Rule 2:
• Price should be reversing from major trendline support
If you also observe
• Candles with long lower wicks or
• Big green candles - refer chart
then winning probability increases😃
This reversal from HORIZONTAL & TRENDLINE Support is reversal from confluence!
• Price should be reversing from major trendline support
If you also observe
• Candles with long lower wicks or
• Big green candles - refer chart
then winning probability increases😃
This reversal from HORIZONTAL & TRENDLINE Support is reversal from confluence!
5⃣ Additional rules
• There MUST be a decent increase in volumes around the confluence zone
• The trendline MUST connect the wicks
• Price MUST be in uptrend(higher highs, higher lows) on weekly charts.
• There MUST be a decent increase in volumes around the confluence zone
• The trendline MUST connect the wicks
• Price MUST be in uptrend(higher highs, higher lows) on weekly charts.
6⃣ What should be your entry price?
• Enter the next day
- above previous day high or
- above the previous big green candle high or
- above previous 2/3 day high
• Enter the next day
- above previous day high or
- above the previous big green candle high or
- above previous 2/3 day high
7⃣ What should be your stoploss(SL)?
• SL should be the trendline reversal point.
In this case the SL would be previous candle low since that was a trendline reversal.
• The SL should not be > than 10%. If > 10% ignore the stock & move on. If SL < 6%, it is a must enter.
• SL should be the trendline reversal point.
In this case the SL would be previous candle low since that was a trendline reversal.
• The SL should not be > than 10%. If > 10% ignore the stock & move on. If SL < 6%, it is a must enter.
8⃣ How to pyramid/add on to positions?
• Price should consolidate for at least 3 days before adding more
• Add above previous swing high - refer to chart
• If you're conservative add in the last 30 mins of the day or the next day above previous day high
• Price should consolidate for at least 3 days before adding more
• Add above previous swing high - refer to chart
• If you're conservative add in the last 30 mins of the day or the next day above previous day high
9⃣ How to define targets?
• Use the Pivot HL indicator in tradingview
• Identify previous swing highs and mark your targets
As an alternative,
• Book 50% position at 3 times the risk
• For the remaining position trail the stop & ride the trend on hourly charts
• Use the Pivot HL indicator in tradingview
• Identify previous swing highs and mark your targets
As an alternative,
• Book 50% position at 3 times the risk
• For the remaining position trail the stop & ride the trend on hourly charts
If you want to learn more about how to decide on targets, watch this video I made👇
youtu.be
youtu.be
🔟 If you loved this strategy, please👇
1. Retweet the first tweet
2. Follow @dmdsplyinvestor
3. Subscribe to my YouTube channel for more content! youtube.com
1. Retweet the first tweet
2. Follow @dmdsplyinvestor
3. Subscribe to my YouTube channel for more content! youtube.com
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