Ninja Intraday Scalping in Bank Nifty 3 Nov 2021 (pull back method), 890 points gain. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks
Indicators/tools used for this strategy : Stoch , MACD , RSI and Bollinger bands 20 and 100 length.
Whenever we see confluence in all these tools we take entry with minimal stop loss. Its like when upper BB 20 crosses 100 and tries to reverse back and if we see Stoch , MACD , RSI too reversed from top or from bottom an entry can be taken. Other end of the band will be the target or middle band would be the target basing on the risk reward.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Can you please show how to apply each indicators and their settings i.e what are the values ... please. I am interested to try out this scalping strategy. Also, let us know about the time frame t be used for scalping ... title states 3min and in video shows 1 min
AdhigamaTrading
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@KiranSonali, bollinger band length 20.. StdDv 2 Another bollinger band. Length 100 stddv2 Rsi 14 stoch. 14 3 3 Macd same what you have by default.. Timeframe 1 min... It works well. SL is key.. It shd be very minimal.. Thats the entry... If ur unable to identify or understand SL then this strategy doesn't work... enter only on second time confirmation. From same place.. Or almost at same place. First 20 bB shd cross 100 then candles shd also cross.. That's number 1 Sec ond time it shd come back to same place... Number 2.. Then only entry Comes If on 1 number candlesticks goes up we shd not enter.. Rsi macd stoch all shd be in same trend like candle stick trend.. This. Is for confirmation.. all shd be at bottom for buy Or shd be on top all.. For sell..
I am interested to try out this scalping strategy.
Also, let us know about the time frame t be used for scalping ... title states 3min and in video shows 1 min