Trend : Based on 1 hour chart , If Fisher ( Green line) above Trigger line (Red) , Trend is and will look for long & vice versa.
Look at Point A on below chart where Fisher line crossed Trigger line , hence Trend turn .
Entry : Once Trend is established I use 5 min chart for entry . On 5 min chart when Fisher line crossed Trigger line , I enter into long trend.
On 28-09-2017 at 2.15 we got on Nifty based on above strategy. So after 2.15 any candle where fisher cross trigger
line would have been used for long entry and then after result in front of us
Friday on hourly chart fisher line went below Trigger line at point B , which suggest .
Hence on Monday any 5 min chart where Trigger line cross above fisher line should be used for short entry .
SL : 1 % for Intraday and 2 % for swing
Target 1.5 % for Intraday and 3 -5 % for swing
For Nifty : SL 20 point and Target 30 points intraday for Swing SL 35 point and Target 50-70 points.