Three bar strategy

[mangup]

Ya sure,

As per vikash low of last bar is SL. So say buy was triggered and we have entered in long trade, Immediate SL will be lowest low of setup.Generally it will be low of 3rd bar. Now as breakout given and price starts to move, we will keep our SL to previous bar low, If next bar don't make higher high we will not move SL to last bar low, means we will move up long SL if higher high is there.

I suppose this will hold true for intraday setups as well?
Is it possible to incorporate in AFL as well?

 

[johnnypareek]

Yup infact i am watching one hour bar then will chk others too

 

[Vertigo_1985]

Hi Vikas,
I got today 16 signal in different scrips in 15 min Tf for this setup. Suppose you are trading 15 min Tf then do you trail your stop above/below every candle after entry ? or just significant candles ( like big bull or bear bar, possible reversal bar) ?

 

[Vertigo_1985]

Well I guess 2nd setup may be consider to go long but I will wait a bit as the red bar size is a bit bigger and trend is straight down. Actually this method is a kind of continues of trend rather then change of trend( as per my understanding). Vikash please confirm.

johnny

In one of the post Vikas has mentioned that for reversal setups the mother bar has to be of opposite colour of the trend. So, i think it qualifies as reversal setup. Maybe Vikas can throw some light on the size part...

 

[VIKAS 21]

hi vikas,
i got today 16 signal in different scrips in 15 min tf for this setup. Suppose you are trading 15 min tf then do you trail your stop above/below every candle after entry ? Or just significant candles ( like big bull or bear bar, possible reversal bar) ?

trailing sl

for buy..

Below the third bar/ib as per the size of bar, after that trialing sl with previous bar's low...

Reverse for short...

 

[VIKAS 21]

In one of the post Vikas has mentioned that for reversal setups the mother bar has to be of opposite colour of the trend. So, i think it qualifies as reversal setup. Maybe Vikas can throw some light on the size part...

YES u r right....

suppose we are in a downtrend,, then we get a green bar after that a inside bar of red color & after that strong green bar....

It means in downtrend we will look for buy with bar colors

green-red- green

for buy g-r-g

for short r-g-r

is a must condition...

 

[prabhsingh]

Vikas,

Kindly can you post some charts on EOD basis as well.Even though you trade Intra-day but some charts for positional traders will help as well for understanding of the strategy.

 

[vinst]

Vikas,

posting DLF futures EOD. latest 3 bars making your favourite pattern?
Or I am wrong this time too ?

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[asnavale]

Vikas,

Kindly can you post some charts on EOD basis as well.Even though you trade Intra-day but some charts for positional traders will help as well for understanding of the strategy.

Hi Prabh,

All the charts I posted yesterday were EOD charts. Today all of them have gone up (of course by different amounts) except ORBITCORP.

-Anant

 

[asnavale]

SOME PROBABLE CANDIDATES (CASH SCRIPS) FOR GOING SHORT BASED ON 3-BAR STRATEGY:


BEML

EDELWEISS

HINDZINC

JSWISPAT

MINDTREE

OIL

TITAN

THE FOLLOWING ARE FOR GOING LONG:



EVERONN

TTML

-Anant