Thoughts on Day/Swing Trading Part 2

[VIKAS 21]

Inside bar Trading Set up

Inside bars are of two types

1. Trend continuation.

2. Trend reversal

So first we have to check it out whether its Trend continuation or Trend reversal bar.

If mother bar is of the same colour of the trend , then it's continuation bar

But If the mother bar is of the opposite colour of the trend then its trend Reversal bar.

Now about the set up( Three bar set up)

For long

1. mother bar green, next bar red & next bar green

For short

mother bar red, next bar green & next bar red

If all these conditions met then only trade with this method, otherwise no trade.......

 

[VIKAS 21]

Breakout failure at point 1

Took support at previous support level point 2

Give a close below previous support at point 3

stock fall badly after then....

 

[VIKAS 21]

Sbin hourly chart....

 

[VIKAS 21]

Wolf wave formation in YES BANK indicating possible trend reversal in coming time....

 

[ManuMoneya]

Hi Vikas,

Is it possible to scan a stock in Amibroker say show stocks where average volume of 5 days is above 500000 and price is between 100 and 500 , if yes can you please write the AFL for that,

Thanks in advance

 

[VIKAS 21]

Hi Vikas,

Is it possible to scan a stock in Amibroker say show stocks where average volume of 5 days is above 500000 and price is between 100 and 500 , if yes can you please write the AFL for that,

Thanks in advance

I dont use AMIBROKER so cant say about it,, u can check it manually...

 

[VIKAS 21]

yes bank key resistance levels.....

 

[VIKAS 21]

1.GAP after a sustained move indicates end of that move.

2.after a little upward journey gap indicates end of that move, so ready for short.

3.End of move bar indicating for reversal

4. pin bar taking support at pivot level

5. price struggling near previous support level

 

[midas touch]

Wolf wave formation in YES BANK indicating possible trend reversal in coming time....

huh? :O :O
looks very complicated to me.Rectangle like something :O
Hope there aint something like pentagon,hexagon lines Sir

 

[DanPickUp]

huh? :O :O
looks very complicated to me.Rectangle like something :O
Hope there aint something like pentagon,hexagon lines Sir

Dear Midas Touch

Do not worry. It is just TA and as TA is as imperfect as any thing else in trading, just follow the pictures with out taking them as the only given thing in trading and enjoy the ride.

Take the pictures as ideas and nothing else. As more picture you look at as less important they will become to your personal trading style. Why? After studying houndert and even thousand of such chart pictures, you will start to recognize for your self what is important and what is just a colorful chart picture.

Good luck and good learning