🔹Strategies with Entry & Exits
Last updated
Last updated
Buy signals
Know your weekly support and resistance areas
Bull candle engulfing or piercing or a strong bull-bodied candle on a Daily time frame
Mark the daily candle high and low with a horizontal line visible in H1 time frame
Look for the buy trigger on H1 within the horizontal lines zone
Trigger: H1 bull candle has a higher high and higher low than its previous candle, super trend indicator in green color.6.Enter at break of the high of the H1 bull candle.
Put stop loss at the low of the H1 entry candle.
Daily candles should not come at a weekly resistance
Target 1:3 risk-reward, set stop loss at breakeven upon 1:1
use the supertrend indicator
Sell signal
Know your weekly support and resistance areas
Bear candle engulfing or piercing or a strong bear bodied candle on Daily time frame
Mark the daily candle high and low with horizontal line visible in H1 time frame
Look for sell trigger on H1 within the horizontal lines zone
Trigger: H1 bear candle having lower high and lower low than its previous candle, super trend indicator in red color.
Enter at break of low of the H1 bear candle. Put stop loss at the high of the H1 entry candle. Daily candle should not come at a weekly resistance
Target 1:3 risk reward, set stop loss at breakeven upon 1:1
Real Chart Example:
Triple bottom
Real Chart Example :
After top-down analysis look for candlestick patterns at entry level
If the structure belongs to h4, look for engulfing candlestick pattern on H1.
Take profit 1:1 or 1:2
Comprises of two segments, the “wick” portion and the “body” of the candlestick. Ideally, we want the body to be small relative to the size of the wick by almost 3 times.
The height of the whole of the pin bar candlestick should be more than the height of its previous candle
Entry: if the structure belongs to H4 look for pin bar in the same time.
Mark the 61% and 78% levels of the 1st impulse on entry time frame after top down analysis.
Apply strategy 4 on H1 once the price reaches any of these fib level.
OR
Enter at the fib level price
Stop loss is 1 pip below the start of the impulsive wave that is fibbed in case of buy entry and 1 pip above the start of the impulsive wave in case of sell entry.
correction within correction
Entry is made when a possible impulse, preceded by a correction of the 1st Impulse, crosses the end of the 1st impulse.
Break-out entry is done if you are expecting a reversal of the ongoing trend or correction of a bigger degree or when you do not get an entry as per strategy 4 (price didn’t go to the expected fib level).
Another demonstration of Breakout entry.
Stop loss can be 1 or 2 as shown below depending upon your profit target. Stop loss can be 1 or 2 as shown below depending upon your profit target.
Profit levels can be technical and non-technical, unlike the stop loss level which needs to be technical.
Non-technical: as per risk reward
Technical: for a bigger degree structure with entry set up on h1, the profit target can 1:3/4. Or until the time there is a trendline line break and last swing low/high break on h1.
Trailing stop loss to breakeven for a bigger degree structure entry.
Scaling out: you can think of adding one more trade while your first one is running and stop loss is put to breakeven so that the risk on the new trade is the same as the risk you took earlier for the first trade and now your overall risk is same as you took for first trade but you have two trade so your risk: reward becomes 1:4 if it was 1:2 earlier.
