vishnu76

HDFC LONG DIT DZ

Long
NSE:HDFC   HOUSING DEVEL FIN
BUY 1901. 05
TARGET 1926.55
STOP 1887.15
Trade closed: stop reached: GOOD TRADE SETUP. STILL STOPPED OUT. ODD SCORE WAS 7

Comments

sir do you think ltf demand zone or supply zones are less effective then itf or htf.
do you think we have to consider only htf and itf zone .price respects these zones
Reply
vishnu76 DEVINDER123
@DEVINDER123, WHAT DO YOU MEAN BY ITF AND HTF. IN DEMAND ZONE PRICE BOUNCES DUE TO PENDING ORDERS LEFT OVER BY THE BIG INSTITUTIONS.
FOR, GOOD TRADE SETUP ODD SCORE MUST BE BE 7, AND COINCIDING LEVELS WITH EXPLOSIVE MOVES FOR 1:2 RR. IF THESE PARAMETERS ARE IN OUR FAVOUR, WE HAVE GOOD CHANCE FOR PRICE TO MOVE IN OUR FAVOUR. WHAT I SHARED YOU TIP OF ICEBRG. THERE ARE SO MANY RULES FOR THIS METHODOLOGY
Reply
DEVINDER123 vishnu76
@vishnu76, itf=intermediate time frame,htf=higher time frame.
sir what is odd score?
Reply
vishnu76 DEVINDER123
@DEVINDER123,
ITF IS FOR FINDING OUT TREND. HIGHER TIME FRAM IS FOR LOCATION. ETF IS EXECUTION TIME FRAME. ODD SCORE IS MARKS AWRDED TO A TRADE SETUP BASED ON THE QUALITY OF TRADE SETUP. IF ODD SCORE IS 7, WE CAN HAVE TYPE 1 ENTRY. TYPE 1 ENTRY IS SET AND FORGET TRADE WHERE BRACKET ORDERS ARE PLACED IN ADAVANCE. WE PREFER TYPE 1 ENTRY
Reply
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