Daily Market Pulse – S&P CNX Nifty, Options, derivatives, NSE, charts, profits , Buy Sell indicators, News, Views, market reviews

Nifty Buy or Sell, Options, derivatives, NSE, charts, profits

Higher high lower low strategy

Great strategy. Simply superb…

Higher high lower low strategy..

Strategy-Higher high lower low strategy_rbroy01_nifty_indexes_bseindia_nse_india

Strategy-Higher high lower low strategy_rbroy01_nifty_indexes_bseindia_nse_india

Higher high lower low strategy Summary: Trading in the direction of the trend and buying low while selling high are mutually exclusive.. did you know that ?

The method is : Buy the higher low and sell the lower high .. I can bet you didn’t know this.

This linked article will provide you with methods to do just that to prevent you from catching a falling knife …

If you’ve ever heard a trader say that price can’t possibly go any lower.. that’s an old one..

chances are they haven’t been trading for long… and you knew that ..

That’s not meant to be harsh .. yeah I know.. but simply to say that no trader knows the future ?

what traders can do is recognize that patterns which can lead to higher probability entries and exits.

Nifty Emini

2014-01-22_22-10-17

Author – Screentrader (@screentrader13)

Hi I am screentrader & trade only price patterns. I will be updating charts & strategies related to pure price action regularly in ‘Price Action’ category.

This is very simple strategy. In broader spectrum we can call it higher high and lower low method. I am a simpleton so don’t want to make too many rules.

Requirement –
This is very very conservative day trading strategy.
Time frame is 30 minute, chart is either candle stick or bar chart. High and low of the candle is important for this method. Instrument will be nifty future. Only price data is enough but sometimes we may refer volume data based on situation.

Rules-

1. 1st rule is based on open range breakout. We wait till 10 AM then we’ll take high and low of that opening range then add or subtract 7 point as filter and wait for…

View original post 609 more words

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: