Three bar strategy

[VIKAS 21]

Hi,

Nifty fut , 30 min chart.
Bar numbered alternatively to aviod clutter.
bar 1 is bar ending 15:00 on 8-mar
bar 3 is bar ending 9:30 on 11-mar
bar 5 is bar ending 10:30 on 11-mar

Bars 1,2,3 make Vikas 3bar pattern with IB. 1st and 3rd bar are bullish, middle bar is IB and bearish. It could be a reversal pattern since it comes near resistance.

bars 2,3,4 make another 3bar pattern with bearish implication (middle bar has higher high). So i guess both patterns imply bearishness.
please refer to chart and give your comments about correctness of patterns.

click on picture for full size view.

Dear vinst

This pattern is not as per three bar strategy...(plss go through starting pages for rules), pattern is not considered effective when 4-5 bars in a range.

well we can trade it in other way( Three bars under one big bar pattern)

 

[VIKAS 21]

Hi Vikas,
are you talking about entries ? entry is on next bar of arrow if it crosses high or low...
where am i going wrong ? can you point out please ?

Regards

1 & 3 bar should be of same color , middle bar should be of opposite color...

pl see the charts already posted & also by mr asanvale.

 

[Vertigo_1985]

posting the chart again.. middle bar is Doji in first short trade...

 

[johnnypareek]

friends any one can tell with example buying rate target rate and stoploss rate with 2-3 different charts in simple manner. till now i didnt understand it properly.

Hope attached image will give u right direction

 

[johnnypareek]

posting the chart again.. middle bar is Doji in first short trade...

I guess as per vikash ur 1st setup is incomplete as middle bar was doji. Its need opposite color bar so o-c can't be same.

 

[johnnypareek]

1 & 3 bar should be of same color , middle bar should be of opposite color...

pl see the charts already posted & also by mr asanvale.

Hmm I guess for long say last 2-3 bar was trending bar , higher high higher low, last bar of that trend is green next bar is red and a bit small in size comparing to last 3-4 bars then the 3rd (setup) bar is green and if it is a bit bigger in size then its good and long will be above this green bar.

 

[johnnypareek]

posting the chart again.. middle bar is Doji in first short trade...

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

 

[johnnypareek]

posting the chart again.. middle bar is Doji in first short trade...

Actually the 2nd setup was also short I guess though noit perfect as the green bar was a bit big and we need a bit small bar then bar no. 1 .which stopped out.

 

[Vertigo_1985]

Actually the 2nd setup was also short I guess which stoped out.

2nd candle has to be inside candle while in that its not.

 

[VIKAS 21]

posting one more chart....

Hope it will help...

plss post ur query if any.....