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Bitcoin Trading Plan for 21-22 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
BShort
by abhineetramjiwal
SBILIFE bullish flag breakoutHello traders, SBILIFE has given a flag and pole breakout, it is better for cash segment but can also be traded in derivatives with a strict sl. It seems in a good run so we have our targets marked but it is an uncharted territory. Buy above - 1260 Targets mentioned in the chart above. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:SBILIFELong
by this_is_shoaib
PRAJ INDUSTRIES POTENTIAL UPSIDE MOVE.Praj industries had been consolidating within a range for a long time and there seems to be a breakout. But we need to wait for confirmation. Points in favor of the upside move: W pattern formed and neckline broken. Breakout from range with a gap-up candle (full bullish candle) How should we move ahead? We need to wait for few days and see the price action to see if the bulls can sustain or the bears steps in. If price sustains above the marked white lines, we can plan for a long position.
NSE:PRAJINDLong
by manash_upstox
WELSPUN CORP- Strong BreakoutHi All, I hope you are all doing good:) The market is currently in a phase which nobody would prefer it to be. But this is the time where we should work hard so that when the wind starts flowing in our preferred direction, we would be the first one to reach the coastline. I was excited for this weekend as I had a clear objective of finding out stocks which did not fall much this week and held their ground. And, I was completely surprised by this chart. In such times when there is bloodbath going on in the benchmark index and majority of the major stocks, this stock has given a clear breakout of a 7 month old resistance. Now, I would still not go and simply buy this stock on Monday. I would still wait for a pullback as it is good to be cautious during such market phase. But it is definitely worth putting this stock under our watchlist and observe. Do not let FOMO take over, if this stock is showing such strength then trust me it will give huge targets to cherish at the right time. Now as a homework, analyse the stock on different time frames. Establish your own view. Mark support and resistance lines yourself (you can share your chart with me in DM). If you are good at fundamentals, go through them and let me also know. In short, create a PLAN! Like I always say, let's learn and earn together. Cheers! ;)
NSE:WELCORPLong
by Ankit_Oberoi
2
Swing trade - Bullish breakout in HEMIPROP🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HEMIPROPLong
by PrakWorld_Traders
FORTIS - 14 Years Breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:FORTISLong
by PrakWorld_Traders