This is just for my personal studies and if anyone finds it useful feel free to use it but I would still bet you cannot make profits by copying anyone else strategy as you may copy the strategy but not the psychology behind it. This is how I find my supply and demand zone using indicators and I have developed my own setup. Yes it took 3-4 months to get used to...
Time frame is 15 min @support. As per my strategy CCI & RSI above 0 is bullish and below is bearish. Just need a basic understanding of support and resistance no fancy foolishness. As per as the chart it seems like it will be near support and if the support is taken one must enter a long position with a very small SL. Regarding my trades I will short this as I...
As per my setup 1 hour short trade is placed near the resistance post the breakdown has been done with a large candle. So my R-R is not good here if I enter right away at ay candle as trading is 90% psychology with Risk management without FOMO. I have placed a short order near the resistance area if the price reaches there for retest would be a good thing & if not...
15 min frame used on my setup long for now 1:5 ratio
Shorting Bitcoin as per my setup. CCI is bearish with multiple resistance confirmation on 5/15 min. Just the basic understanding of Support and resistance thats all. RSI+CCI+ Resistance below 0 level = short R-R IS 1:5 OR ABOVE ALWAYS.
Took an entry after a retest as this always works to enter any trade if there is a long candle after its retest so that if our SL is triggered it is always small and enough for us to be confident to enter another trade without any hesitation. The horizontal line clearly points out the supply zone as per my setup. I avoid news, other traders analysis to trade so...
1 HOUR FRAME BREAKOUT. Waiting for retest to enter with a SL of 300 POINTS & 1000 + POINTS target The longer timeframe higher the patience is. The key to any analysis is the patience and a proper trading plan. Had been waiting for this move on higher frame.
Cannot share 5 min data directly as Trading view does not allow less than 15 min. As per my setup 5 min CCI is right on the support with price action near the demand area, I have gone long with SL of 40-50 points Risk and Reward of 300+ points. No rush to chase any trade but let the trade find you. WAIT & HUNT. There is no shame if SL is triggered will keep updating.
bank nifty shows a reversal pattern on 15 min frame and this is bearish pole and flag pattern, yes it also has M pattern in the making if you see the recent swing.