dhananjay.d.joshi

Market Structure trading on Nifty

NSE:NIFTY   NIFTY 50
snapshot

Idea is to share nice trading system. All you need to do is following

1. You dont go after the trade, let trade come to you. Our job is to wait for opportunity (how its done? answer is by following trading system).
2. Draw market structure on 15 mn             . chart (you can take any time frame after backtesting)
3. Whenever market closes above previous swing high we will long , in uptrend.
4. Recent swing low will be the stop loss
5. Trail your stops with new swing lows
6. Exit the trade if market closes below swing low.
7. While taking trade keep in mind the Demand and supply area above the price as price will be expected to reverse from same level. These levels are imp. because after considering them we will come to know affordability(risk to reward) of trade.

Same technique can be used for shorting also. one needs to have down trend for that.

Please do backtesting before using any trading system.
ASKSANTHOSHPM
4 months ago
Nice
Reply
AMBRISH
4 months ago
Thanks.
Reply
dhananjay.d.joshi
4 months ago
I hope this Idea is helping all. There is reason behind this reminder of this idea. :-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out